Surviving Volatility with Luck and Strategy

OutlookIndia

#OutlookEvents | At IDFC FIRST Bank presents Outlook Money 40 After 40, Nilesh Shah, MD, Kotak Mutual Fund emphasizes the importance of patience and strategy in tackling market fluctuations. Volatility is inevitable, but with the right mindset, investors can turn challenges into opportunities.  #IDFCFIRSTBank #CelebrateRetirement #OutlookMoney40after40 #OutlookMoney #40After40 #FinancialPlanning

Transcript

00:00How do we manage volatility?

00:05Well,

00:08there are multiple ways of managing volatility.

00:16So I will suggest something that I will suggest to you,

00:18to get yourself good and to get yourself good and to get yourself good.

00:25So the best way to manage volatility is to have luck like

00:28Mr. Yamaguchi.

00:32Has anyone heard about this gentleman?

00:37I didn't hear it. I was going to search for it.

00:42Most of us will not survive nuclear attack.

00:48Mr. Yamaguchi was one Japanese.

00:51In 1945, he was present in Hiroshima.

00:55And when the nuclear bomb got dropped,

00:58he survived.

01:00And then he went to Nagasaki.

01:05The second nuclear bomb got dropped on Nagasaki and he survived even that.

01:12In the world where it's difficult to survive one nuclear attack,

01:18Mr. Yamaguchi survived two nuclear attacks.

01:22He is the only person to achieve that.

01:26Now,

01:26Mr. Yamaguchi,

01:27Mr. Yamaguchi is the only person to achieve that.

01:27That's a problem for us.

01:28The pressure of that I am a human system is to be able to achieve that.

01:30It could be,

01:30you know,

01:31Mr. Yamaguchi and Dr. Yamaguchi is the only person who is going to have to achieve it.

01:32In 2020,

01:33I have no person to be able to get his power back to it.

01:33It could be,

01:34it could be helped very quickly.

01:35I have not been to the people,

01:35but in China that we have to have a great plan.

01:36It's a bit of a challenge on the books, but if you've searched so much,

01:42then you can kill yourself.

01:49Now, we all know that we don't have the value of this.

01:53Otherwise, this is our complex.

02:01There is a second way to manage volatility.

02:06If you have seen Rahul Dravid,

02:14he is one test cricketer who has faced maximum number of balls.

02:21Neither Sunil Kaavaskar nor Ricky Pounting nor Virat Kohli nor Rohit Sharma

02:29have faced as many number of balls as Rahul Dravid has faced.

02:36Sometimes he was a Yorker, sometimes a bouncer, sometimes an off cutter, sometimes a leg cutter.

02:42But he was standing on the crease.

02:49He obviously scored many runs.

02:51Because when you were on the crease, of course there were bouncers and Yorkers, but then there were half volleys also.

03:01And when he was on the right, Rahul Dravid became a legend.

03:07So,

03:09volatility is like a bouncer and a Yorker.

03:13Don't put wickets on the front,

03:16keep standing on the front.

03:18If you stand on the front, not today, then you will get half volleys.

03:22and if we kill that folly

03:24and kill that folly

03:26and kill that folly

03:26and we will also make a run

03:27and we will also make a run

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