Dear sir, your words of wisdom on “If secular top class quality stocks (highest growers in sectors) bought at higher P/Es, and P/E drops despite of reported good earnings.”

What is the best price-to-earnings, price-to-book value we should consider for Indian market, since the 22.5 value suggested by Warren Buffet might not be suitable for India.

What is the difference between pricing a company and valuing a company?

How would you justify expensive price paid for a company that has longevity but growth rates are more gradual, e.g. insurance? Should one buy 'expensive' insurance companies via IPOs today even with a long term view? Because price at which one buys is as important as holding it for long period.

How does Raamdeo calculate or find out the value of the company? Please give examples from his past and also from present and future.