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In an interaction with Business Today, the young investor said stocks like Sawaca Business Machines have delivered him 68 times, or 6,700 per cent, return from the average down price so far.
A week ago, Kamath advised for all those who are confused when to buy stocks to follow the Buffett Indicator – the ratio of the GDP to the US stock market cap.
Leading market experts have already lowered their expectations from the stock market this year, and while they believe that the bulk of the correction is behind us, they are not yet ready to paint a rosy outlook - Issue Date: Aug 21, 2022