Ramesh Damani, Member, BSE, and a number of market experts have given their outlook for the year 2009-2010 and the members who participated in the debate were Madhu Kela, Nilesh Shah, Narayan Ramachandran, Jehangir Aziz and Abhay Laijawala coupled with Ramesh Damani on CNBC-TV18.
The crux of whole interview was that bear phase may continue for next 15-16 more months and now bad news has been discounted and we can only look towards positive results from stock market. An interesting part which is being published from the transcript is the lesson learnt by each of these analysts in this bear and bull phase:
1. Mr Kela has given a lesson for all to follow and that is not to fall in love with anything except the wife and thus one can straightaway avoid falling in love with a stock inclusing a promoter except your wife. He further added that stock market trading is a full time profession and one has to talk in present terms rather than ifs and buts as it becomes History.
2. Mr Aziz suggests that every asset bubble ends up in a recession. Every recession sows a seed for the next asset bubble. You just have to decide when to enter and where the asset bubble will be.
3. Laijawala: The key lesson is that the biggest problem with liquidity is that it is never there when you most need it.
4. Shah: Never ask the barber whether you require a haircut or not. That’s the biggest lesson I have learnt. Don’t fall in love with the promoter. Never ask the promoter what is his estimation of the value of the company.
5. Ramachandran: I think the biggest lesson is that you stick with your conviction and you take the pain.
PS: Mr Ramesh Damani was coordinator in the discussion.
2009: Stock Market Lessons to be Learnt
Related Posts
Jackpot Bank Nifty Option Tip
Jackpot Bank Nifty Option tip, as the name suggests has the potential to get you more money Profit as it is not the number of tips one trades; but it is the accuracy of a single tip which has the potential to help you realise your financial dreams. This tip is a value for money for all i.e whether one can see the trading terminal or not or is dealing through a broker on phone at BSE, NSE or in F&O. Thus you are on a correct path of making money every day with single daily accurate tip. Click on Image or Post Title to Read More.
Latest Video Reviews by Clients
You can have a look at the Video Reviews provided by our ongoing current clients regarding Indian-Share-Tips.Com Services to include Bank Nifty Option Tip. You must have a look to know about their satisfaction level, profit generated and complaints if any. Click on Image or Post Title to Read More.
Awards and Recognition
An award is something which is awarded based on Merit. Awards & Recognition are a must in Life as it provides the necessary vigour to keep progressing ahead in Life. Awards do not only acknowledge success; they recognise many other qualities: ability, struggle, effort and, above all, excellence. This is the reason that for past 22 Years we have been christined as Best Stock Market Tips Provider & we are at the 'Top' in this field. Check out our Awards by clicking on Image or Post Title Now!!