After a year of subdued returns, legendary fund manager Prashant Jain, founder and CIO of 3P Investment Managers, believes the market’s calm phase is not a setback but a preparation for the next phase of growth. “Stocks transfer wealth from the impatient to the patient,” Jain said in a special Samvat 2082 conversation with ET […]
Traditionally, the investor has been the man of patience and the courage of his convictions who would buy when the troubled or discouraged speculator was selling. If the investor must now restrain himself until the market itself encourages him, how will he distinguish himself from the speculator, and in what way will he deserve anything […]