Given the uncertainties around Corona Virus at present, there is fear across the board. No one really knows whats coming our way. It feels like end of the world & general view is extremely pessimistic. Here is how legendary investor Howard Marks approached investing when people started talking end of the world in 2008-09.
The only thing that we have to fear is fear itself.
People were just afraid, there was no rationale behind it.
We have to reduce the emotional influences at that time, and see through it.
We asked a simple question –
-
Is the financial world going to end ? Most of the time, financial world doesn’t end.
-
Should we buy or not ? – If we invest & financial world ends, it doesn’t matter anyways. But if it doesn’t end, we didn’t do our job.
Analysis was fairly simple. We just had to buy given the attractive valuations. It didn’t matter what you did, as long as you bought. It was an environment where people had no idea what was coming next. There are times when you don’t need conservatism, caution, risk control, discipline, patience, selectivity. All that you need is money & nerve to invest.
Disclaimers :
The information herein is used as per the available sources of bseindia.com, company’s annual reports & other public database sources. Alpha Invesco is not responsible for any discrepancy in the above mentioned data. Investors should seek advice of their independent financial advisor prior to taking any investment decision based on this report or for any necessary explanation of its contents
Future estimates mentioned herein are personal opinions & views of the author. For queries / grievances – support@alphainvesco.com or call our support desk at 020-65108952.
SEBI registration No : INA000003106
Readers are responsible for all outcomes arising of buying / selling of particular scrip / scrips mentioned here in. This report indicates opinion of the author & is not a recommendation to buy or sell securities. Alpha Invesco & its representatives do not have any vested interest in above mentioned securities at the time of this publication, and none of its directors, associates have any positions / financial interest in the securities mentioned above.
Alpha Invesco, or it’s associates are not paid or compensated at any point of time, or in last 12 months by any way from the companies mentioned in the report.
Alpha Invesco & it’s representatives do not have more than 1% of the company’s total shareholding. Company ownership of the stock : No, Served as a director / employee of the mentioned companies in the report : No. Any material conflict of interest at the time of publishing the report : No.
The views expressed in this post accurately reflect the authors personal views about any and all of the subject securities or issuers; and no part of the compensations, if any was, is or will be, directly or indirectly, related to the specific recommendation or views expressed in the report.
Stay Updated With Our Market Insights.
Our Weekly Newsletter Keeps You Updated On Sectors & Stocks That Our Research Desk Is Currently Reading & Common Sense Approach That Works In Real Investment World.