Have The Vision, Courage And Patience

"Unless you can watch your stock holding decline by 50 per cent without becoming panic-stricken, you should not be in the stock market.” −Warren Buffett Warren Buffett’s above words have proved relevant at the market level at least twice so far this millennium. And we may well be in the midst of the third. The first time was the dotcom bust followed by 9/11 – from 1,700 levels in February 2000, the Nifty crashed 51% to 850 levels around Oct-2001. The second time was the 2008-09 global financial crisis – from nearly 6,300 in early 2008, the Nifty crashed 59 per cent to 2,600 levels by March 2009. We may well be in the middle of a third such decadal cleansing of the market – from a high of 12,300 in Jan 2020, Nifty collapsed 38 per cent to 7,600 levels in just over two months, before recovering somewhat. The key question – how should investors...