I am sure you will not do that Sunday break also. It is more vindication but in my opinion a lot more to come.Įverybody in the stock market should now innovate something like Lakshmi Asan. I really do not get excited every day but it is great news in that sense. India is just a reflection of one more milestone, according to me. But benchmark indices look at that ring when you say that markets are at an all-time high. Now it's a formality whether the Sensex hit a new high first or the Nifty did. Indian markets, after a gap of nearly six months, have hit a new high. Indian market is in one of its best phases and I see a great runway of creating wealth ahead of us over the next five to seven or ten years. We are still adolescent, we have a long way to become an adult and a mature man. So, I guess our market's height will keep on increasing. It is like this: if a kid does Tadasana, its height keeps on increasing. Tadasana will be the best and it will keep touching higher and higher. We are 10 points away from all-time high on the Sensex, 15 points away from an all-time high on the Sensex, which is one yoga asana which will depict the real picture? In my book, that will be Tadasana? Money making and retaining money are two different things and one has to keep money also. We never got any of the internet or new tech stocks throughout the whole euphoria. So, FOMO is one I always tell investors to avoid. Market gives enough time, enough opportunity to everybody, every investor and there is a huge amount of money to be made through different sorts of styles. So, people should not participate out of FOMO. The reality is that most of the unqualified or uninformed investors end up riding into the late stage of the euphoria and that is where they end up losing money. Time and again, the market oscillates between fear and greed and so when markets are fearful, nobody wants to buy.īut as the market turns around and things are doing well, everybody feels FOMO and people jump in and that takes you to the other side. Everybody was participating in that and we all know what has happened. I would say that if you act out of FOMO, you are bound to suffer and lose like it happened during the new tech euphoria. The fear of missing out is quite large and that is visible in the market now. It is easy to keep patience but the other thing that a lot of market participants fail to do is stay away from FOMO. So, the market tests your patience on many counts and if you are self-assured about your own analysis, about your own work, you can stay put in those times and probably yoga and meditation helps in trying times to stay put and not get panicky and get carried away by that. One of my largest moneymaker eventually ended up becoming a 100 bagger. But I can only say that many times, markets test your patience. I would stay away from commenting on stock specific things. Which is that stock that you would want to flag where you would have had more patience, made more money and any error or mistake that you would want to highlight?
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