INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Ace investor Shankar Sharma was at his candid best on Friday when he said the last two months of equity selloff had blown a big
hole in his bank balance, and he had even thought of leaving the stock market during this phase!
Bad periods come and go
"If you quit the market once, there is no way to get back," Sharma said it bluntly
Speaking at the ETMarkets Global Summit (ETMGS) in Mumbai on Friday, Sharma, who is the Co-Founder and Chief Global Strategist at First
Global, said such a feeling comes to everyone, on and off
If you are not prepared to lose 30-40 per cent in the stock market, you are not made for this game, went another gem.
The greatest trades,
There is no skill if one gets one out of 20 investment bets right, he emphasised.
Sharma, who has been investing in domestic stocks since
early 1980s, said he is happy if he has at least 60 per cent success rate
A lot of learning will bring money, he told the gathering, revealing that he has 2,000 books on investing at his home
Sharma acknowledged that he was once taken to the cleaners by shorting Infosys shares
The renowned investor reeled off more wisdom, saying he does not look at valuation while investing as one can justify it at any level
As for favourites, Sharma puts smallcap stocks first
They are like venture capital investing, he explained
Sharma, who is a fan of Muhammad Ali, Imran Khan and Arnold Schwarzenegger, had more to share
"One needs luck to make money in stocks," he put it straight
For Sharma, there's nothing like retirement
He feels that investing is a journey in your life, which will grow with age
"Even today if someone lets me go back and play club cricket in Dhanbad, he would do that," Sharma quipped
Sharma did his schooling from Dhanbad, graduated from DAV College, Chandigarh, and did an MBA from the Philippines.
Good stocks without
leverage fall maximum between 30 per cent and 40 per cent in a bad bear market and that is why he still thinks Maruti Suzuki is a good bet
