Wealth is created by holding great growth companies for a long duration. The most common mistake is not buying or selling early. From a long-term perspective, I think Tata Elxsi and Vaibhav Global are great businesses to own, Pritam Deuskar, Founder of Wealthyvia.com, said in an interview with Moneycontrol’s Kshitij Anand.
Q) The US Fed hawkish stance surprised the market. What is your outlook on markets?
A) Markets usually become anxious and stagnant around such announcements. Unlike no rate hike possibility, Fed first time talked about 2 hikes in 2023.
In my view, such speculation around the Fed is unnecessary and good for some buzz. I will give you two instances where the Fed continuously increased rates and markets had dream bull runs.