How can investors survive a downturn? Saurabh Mukherjea has his coffee can and tortoise strategies
Mukherjea, who has a Master of Science degree in economics from the London School of Economics and Political Science, was among a few experts who predicted the 2007-08 financial crisis that originated in the US. While he believes in prioritising quality, covid presented him with a unique learning: overpaying for quality can backfire.
“To find companies like HDFC Bank or Asian Paints at these valuations, you would have to look back quite a while,” he said in an interview with Mint, adding: “While the broader market is likely to correct, I expect large caps to face smaller declines compared to small caps.”
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