These are volatile times in the markets, not only in India but around the globe. Take the case of the benchmark Nifty 50. It has plummeted from an all-time high of 12,430 to near 3-year lows of 8,600, a correction of 30 percent, in a matter of 40-odd trading sessions! The India Volatility Index (VIX) has jumped 600 percent in less than a month.
But every cloud has a silver lining. The correction in the markets provides opportunities for long-term wealth creation. And in a world, when sharp intraday movement in stocks and indices has become the norm, wisdom is gold dust. While it is all good to say that we should get wise from our own mistakes, the price paid should not be the lost opportunity of a lifetime.
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Updated Date: Mar 22, 2020 14:13:28 IST