Title: Warren Buffett: Why new investors can’t ignore Buffett’s words of wisdom - The Economic Times
Headings: Why new investors can’t ignore Buffett’s words of wisdom
Why new investors can’t ignore Buffett’s words of wisdom
Synopsis
Buffett's mantra of buying quality stocks at a marked-down price has been the first life lesson for many valued investors.
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Content: This means such emotions will remain dominant in the market one day or the other. For instance, greed ruled the market in the run up to August from March lows. There are chances that the market may consolidate now and the sentiment may again turn into fear. Folly happens when everyone jumps the gun and puts money in a rising market irrespective of alarming valuations. Buffet also said it is most profitable to be “fearful when others are greedy and greedy when others are fearful.” Considering the prevailing market scenario, this is the time to show some fear on Dalal Street . Harsha Upadhyaya CIO-Equity of Kotak MF says, “What has happened in the market has come as a surprise to many of us. This shows that it is impossible to time the market. There is not much valuation cushion in the market. We are currently neutral weight on equities and expect the market to consolidate now.