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,

01:26He is the only person who has a risk of having a risk for you.

01:30What's the problem of volatility?

01:31What's the problem of volatility?

01:32What's the problem of investing?

01:32What's the problem of volatility?

01:33Now, we all know,

01:53there is a second way to manage

02:03volatility. If you have seen Rahul Dravid, he is one test cricketer who has faced maximum

02:19number of balls. Neither Sunil Kaavaskar nor Ricky Pounting nor Virat Kohli nor Rohit Sharma

02:29have faced as many number of balls as Rahul Dravid has faced. And he was a Yorker, he was a bouncer,

02:38he was a off cutter, he was a leg cutter. But he was standing on the crease. He obviously

02:49scored many runs because when you were on the crease, of course there were bouncers and

02:56Yorkers. But then there were half-volleys also. And that half-volley dispatched on the boundary

03:04and Rahul Dravid became a legend. So, volatility is like a bouncer and Yorker. Don't have to

03:13pick a wicket. Don't have to sit on the back. If you are standing on the back, not today,

03:19then half-volley will get a half-volley. And if we will kill that half-volley, then we will

03:27run too.

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