Just two months ago we were roaring with you, dear Nifty
All of a sudden though, we’ve all turned quite shifty
Far from turning to the market gurus to inspire us,
We have turned a population terrified of a virus
But let’s hang on a second, and see beyond the panic
The market now is just as irrational, as it was when it was manic
So, instead of waffling and worrying without a clue
Let us just focus on the sensible things to do
As far as we can see, nobody’s gotten over their need to eat
And not all companies have a hole in their balance sheet
Sure, some banks have caused much sorrow,
But there are others, stronger, from whom the world will borrow
Last time we checked, people still brush their teeth
And nobody is thinking only about laying their own wreath
The virus, if anything, has increased the awareness of the soap
As long as people use it, we guess there’s still hope
No, the virus can’t mask the nature of the human
We normally fight it out to a world with a brighter lumen
Not saying that all investors in the market will stop their bleed
Just the ones who had gotten better of their fear and greed
Let’s manage our investments just like we do our household
We buy things only when they are worth it, be it grocery, or gold
We are usually happy when the prices of grocery and gold fall
So why is it when the market falls, we can’t take it at all?
‘Tis just that for our normal buying, the prices we don’t predict
How its going to move later, cause there’s no such edict
So let’s focus on the business and the price, like a good buyer
Without bothering if its share price immediately goes higher
Buying during a panic isn’t being foolishly brave,
Just that a good asset is reasonable only during a shock wave
Safety is not just about staying away when prices fall
‘Tis also about staying away when they seemed too tall
E A Sundaram is ED & CIO at o3 Capital, a SEBI registered portfolio manager. The views expressed in this article are solely of the author and do not necessarily reflect the views of Cafemutual.
