Investor Letter / March 2020

The Most Awaited Bear Is Here. But there is no reason to panic.

Dear Investors and friends,

This last few weeks are perhaps the most volatile and fastest markets have been in post 2008. We have the distinction of seeing the fastest fall in stock market history ever. In 19 trading sessions most equity markets have corrected over 20%. And this has come after a long period of low volatility. And as sure as clockwork, we have entered a zone of high volatility.

Investing, is like being in the army, said someone. We have hours of boredom, punctuated by moments of terror. This is one of those “moments of terror”. But we do eventually get to the other side, safely, if we follow our processes and systems which we are trained to follow in times like these, and live to see another cycle. Please remember what you see on CNBC and read on social media is not representative of majority of the country. Optimism and pessimism overshoot on both sides, and boundaries of both can only be known in hindsight.

This is a short note, click here which I thought I should write to you all in this time when there is panic and mayhem in markets and confusion in our lives. We will send  you our more detailed and longer investor letter in April 20’.

Please stay safe and take care of your families and loved ones. That is all that matters in the long run. It looks bad out there today. But we will, together, get through this.

If you have any queries or comments, please feel free to write to us or call us.



Here is a link of the letter in case you missed it in the text above. Here.

Disclaimer: Nothing in this blog should be construed as investment advice. This is purely for educational purposes only.  Please consult an investment advisor before investing.

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