New Delhi, June 27 -- Veteran investor Vijay Kedia has shared what he calls a "timeless lesson" for investors, arguing that markets do not move in a straight line but instead rotate across different asset classes in repeating cycles of optimism, euphoria and correction.

In a detailed social media post titled Understanding Financial Asset Rotation (Part 1), Kedia explained how the post-pandemic investment landscape offers one of the clearest examples of how capital shifts from one asset class to another, creating winners and losers at different stages of the cycle.

Rather than focusing on predicting the next hot investment, Kedia urged investors to understand the broader pattern that has played out repeatedly across stocks, real estate, ...