“Being mentally and physically fit is an essential requirement in the competitive environment that we are all living in. My routine is straightforward,” says Mayuresh Joshi, Head of Research – Equity, William O’Neil India.
In an interview with ETMarkets, Joshi said: “Get in bed early, get up early in the morning, meditate for 10 minutes, pray for some time, and begin your daily routine with a healthy breakfast,” Edited excerpts:
With decades of experience under your belt in capital markets – how do you maintain your cool?
Warren Buffet had a fascinating take on his investing journey. In an interview, he said that when he was 11 or 12 years old, he looked at the equity markets as “stocks” and saw their prices moving daily.
He then read a lot about the technical aspects but needed help comprehending the logic behind them. Over time, he understood that owning great companies or growing businesses is important.
The lesson here is that once you have spent enough time in the markets, which are ultimately a reflection of how the underlying economy is progressing, you own part of great businesses that can do well over market cycles and economic conditions or phases that will occur regularly, and you will have the patience to let pass the setbacks from economic data or black swan events that do not matter as much.
The Great Depression of the 1930s, the OPEC event in 1973, the Asian crisis in 1997, the Financial Crisis of 2007-08, and the COVID crash in 2020 are all examples of global economies being hit but eventually returning to their growth trajectory.
In retrospect, I, too, was influenced by the adrenaline rush of the markets and the disappointments of market crashes when I first started out, but the realization of being patient and consistent in the approach to look at great businesses, sense opportunities to understand market cycles, set risk accordingly and let the markets do their thing over a longer period of time has made me more .
Exercise is a great way to keep mentally fit. What is the regime that you follow on a daily basis?
Being mentally and physically fit is an essential requirement in the competitive environment that we are all living in. My routine is straightforward.
Get in bed early, get up early in the morning, meditate for 10 minutes, pray for some time, and begin your daily routine with a healthy breakfast.
I take breaks during the day to listen to music and watch sports-related videos as it takes the mental stress that is silently building up.
Having food on time is equally important, and my better half ensures it is a balanced intake. Timely food helps you stay sharp and focused.
Post markets hours, I take time to speak to friends or family on other subjects, as it takes the entire mental load off.
At 6pm, I hit the gym to take a break from watching the screen all day because physical fitness is equally important. After dinner, I read a light book to take my mind away from the markets.
Mind Over Money: 10-minute meditation & gym help this research head to stay focused
<span class="asSprite videoIcon" …….