Amazing words by Prashant Jain who retired as the most celebrated fund Manager of HDFC.
He has been among the longest-serving fund managers, holding about 28 years of experience in the mutual fund industry.
*Hard-core professionals create massive wealth!!!*
My 32 years of learning in stock investing say-
- Rising Inflation; Stay invested.
- Rising Interest rates; Stay invested.
- Falling growth rates; Stay invested.
- Falling market; Stay invested.
- Feel fearful; Stay invested.
- Don't need money; Stay invested.
- Economists are predicting gloom; Stay invested.
- Stay invested; because no company has closed its shutters fearing slowdown, why should you sell your ownership.
- Stay invested because if you have the right stock, the company's management will find ways for growth.
- Stay invested because it has never happened that the markets fell and never bounced back.
- Stay invested because stocks have delivered far superior returns in the long term than any other competing asset.
- Stay invested because you will have to learn to pass through this stock declining phase, if not this time, then next time. Better this time, your wealth creation process will be delayed by one cycle.
