M. Pattabiraman dropping truth bombs about necessity of equity investing and harsh reality of the same.
The market has no obligation to give you the return you want. So, if you want high returns, you are more likely to be disappointed. A chance is not a guarantee. The hope of the Indian economy growing is neither a strategy nor a guarantee.
People get angry when hearing about this simply because they have led themselves to believe comforting lies, such as if you stay invested for the long term, you will undoubtedly create wealth.
So they get angry at me. The most common criticism is that you say we must invest in equity, but on the other hand, you say there are no guarantees.
The first part is a necessity, and the second is a reality. Investors will take a while to appreciate that this is not a contradiction.
We must invest in equity, but we must also not blindly believe that investing alone is enough. We need a risk mitigation plan.
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