#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.
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LearningTranscript
00:00Questioner 2 How do we manage volatility?
00:05Answer to questioner 2 Well, there are multiple ways of managing volatility.
00:16Questioner 2 So the best way to manage volatility is to
00:27have luck like Mr. Yamaguchi.
00:32Has anyone heard about this gentleman?
00:43Most of us will not survive nuclear attack.
00:49Mr. Yamaguchi was one Japanese, in 1945 he was present in Hiroshima.
00:56And when the nuclear bomb got dropped, he survived and then he went to Nagasaki.
01:05The second nuclear bomb got dropped on Nagasaki and he survived even that.
01:13In the world where it is difficult to survive one nuclear attack, Mr. Yamaguchi survived
01:21two nuclear attacks.
01:23He is the only person to achieve that.
01:53There is second way to manage volatility.
02:09If you have seen Rahul Dravid, he is one test cricketer who has faced maximum number of
02:19balls.
02:22Neither Sunil Gavaskar, nor Ricky Pronting, nor Virat Kohli, nor Rohit Sharma have faced
02:29as many number of balls as Rahul Dravid has faced.
02:36But he obviously scored many runs because when you were on the crease, of course there
02:56were bouncers and yorkers, but then there were half-volleys also.
03:01And Rahul Dravid became a legend by dispatching those half-volleys on the boundary.
03:08So volatility is like a bouncer and yorker, don't lose the wicket, stand on the pitch.
03:18If you stand on the pitch, you will get a half-volley sooner or later.
03:23And if you hit that half-volley hard, you will score runs also.