While some build Castles in the Air,
Directors build ‘em in the Seas;
Subscribers plainly see ‘em there,
For Fools will see as Wise Men please.
- Jonathan Swift
Well our advice is: Don’t bother.
How many times have you read that had you invested in Infosys during the IPO and held till now Rs 1000 would have become Rs 10Cr or even more. This is like saying if you had bought a few acres in gurgaon 50 yrs ago and held on you would be billionaire today. This is absurd, fifty years ago you wouldn’t have a clue whether gurgaon would develop so much at all or whether a start up called Infosys would actually succeed.
If you ask an investor whether he is investing for the long term or the short term you are most likely to hear the answer that it is for long term. Is that correct, well we frankly don’t think so. We drink bottled water so that we don’t get infected which is a short term issue, but we avoid exercising because it’s a pain in the short term but has long term benefits !