Long-term wealth can only happen in ‘hold’ phase. So, be patient: Mihir Vora
Mihir Vora, CIO, Trust Mutual Fund, says “there have been times where I have been ruthless in selling when the markets turned. Probably I did not catch the top. But even 10% below or 15% below, I do not mind selling. Once I believe that the trend has turned. So, that discipline I always had because I always believe there is no point looking back. So, just because a stock was 15-20% higher 5 days ago, does not mean you cannot sell it now.”
Other than the new role and a new leadership position that you have taken up, what else is new?
It is a new beginning for me. I am starting a new venture or job whatever you call it and it is very exciting looking forward to the next many years in this. Second, we do not realise but from the stock market point of view, we are in the middle of a dream run.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitWhy do you say that?
If you look at the history of the Sensex over the last 40 plus years, since 1979, the maximum number of consecutive years in which the Sensex has gone up is seven. The winning streak for seven consecutive years has not been broken yet. In 2023, we are in the eighth year of the Sensex going positive. The eighth consecutive year of positive closing for the Sensex, which is a new record. So, it is a dream run.
What are the positives and negatives of the current scenario that we are taking in the new Samvat?
The positives are mostly domestic. We did not overstimulate in the post Covid scenario. In 2020-21, unlike in the west. where they used all sorts of monetary and
