Well, Failure can definitely change your perspective. When your investments go bad, the unthinkable can happen. Even Warren Buffet, the most revered and successful of investors can be termed “Idiots” by other market participants eager to savage the more vulnerable ones.
Ramesh Damani deserves to be applauded. He is a man of scruples. His conscience is in the right place. And he is not afraid of saying “Sorry, I got it wrong this time.” The same cannot be said for all the other dooms day sayers like Shankar Sharma and Devina Mehra who, like Damani, had also predicted a dire future for the market.
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