Wealth Wizards: Advice from the Masters
Forbes India: July 11, 2014
S Naren, Chief Investment Officer, ICICI Prudential AMC
Naren's investment philosophy is influenced by US investor Howard Marks's theory that when capital flows are high, it is time to think contrarian. "When you are contrarian and valuations are in your favour - they are the best times to invest in" he says "When you are contrarian, you need to do more research to succeed."
Stay clear of impulse, he insists. " Force yourself to write five lines before you take a decision on why you are buying or selling something," he says. "The main reason why people lose money is because they dont follow a process before taking decisions."
Forbes India: July 11, 2014
S Naren, Chief Investment Officer, ICICI Prudential AMC
Naren's investment philosophy is influenced by US investor Howard Marks's theory that when capital flows are high, it is time to think contrarian. "When you are contrarian and valuations are in your favour - they are the best times to invest in" he says "When you are contrarian, you need to do more research to succeed."
Stay clear of impulse, he insists. " Force yourself to write five lines before you take a decision on why you are buying or selling something," he says. "The main reason why people lose money is because they dont follow a process before taking decisions."
No comments:
Post a Comment