Surviving Volatility with Luck and Strategy

OutlookIndia

#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.  #IDFCFIRSTBank #CelebrateRetirement #OutlookMoney40after40 #OutlookMoney #40After40 #FinancialPlanning

Transcript

00:00How do we manage volatility?

00:05Well,

00:08there are multiple ways of managing volatility.

00:16So I will suggest something that I will suggest to you,

00:18to get yourself good and to get yourself good and to get yourself good.

00:25So the best way to manage volatility is to have luck like

00:28Mr. Yamaguchi.

00:32Has anyone heard about this gentleman?

00:37I didn't hear it. I was going to search for it.

00:42Most of us will not survive nuclear attack.

00:48Mr. Yamaguchi was one Japanese.

00:51In 1945, he was present in Hiroshima.

00:55And when the nuclear bomb got dropped,

00:58he survived.

01:00And then he went to Nagasaki.

01:05The second nuclear bomb got dropped on Nagasaki and he survived even that.

01:12In the world where it's difficult to survive one nuclear attack,

01:18Mr. Yamaguchi survived two nuclear attacks.

01:22He is the only person to achieve that.

01:26Now,

01:26It has been a lack of suffering in the world I must have done.

01:29No not trying to survive.

01:31Don't plot reflecting into theowa crater.

01:32I do not want to make the indubes like that.

01:35Now, we all know that we do not need to be able to do this, but this is our complex.

02:01There is a second way to manage volatility.

02:04Now, if you have seen Rahul Dravid, he is one test cricketer who has faced maximum number

02:19of balls.

02:22Neither Sunil Kawaskar nor Ricky Pounting nor Virat Kohli nor Rohit Sharma have faced as

02:30many number of balls as Rahul Dravid has faced.

02:36And he was a Yorker, he was a bouncer, he was an off cutter, he was a leg cutter.

02:42But he was standing on the crease.

02:49He obviously scored many runs.

02:52Because when you were on the crease, of course there were bouncers and Yorkers.

02:58But then there were half-volleys also.

03:01And that half-volley dispatched on the boundary, Rahul Dravid became a legend.

03:08So, volatility, bouncer and Yorker are like a bouncer, don't play wicket, keep standing on the

03:15back.

03:16If you are standing on the back, if you are standing on the back, not today, then you will get

03:20half-volley.

03:21��将 is the one-booked ball and up.

03:28And if you are standing on the side of the wall and you will become a run for another.

03:32And if you haven't crossed the borders, we will also become a run on the slope.

03:37And if you will have a river, if you have the river also become a battle.

03:43And if you have the river too.

03:45If you have a river, it will always fall out.

03:48And if you are standing on the road, then you will be a rope.

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