Motilal Oswal Financial Services' chairman and co-founder Raamdeo Agrawal offered insights investment wisdom, particularly to new-age investors who have yet to witness a true market downturn.
Speaking at NDTV Profit Townhall, Agrawal urged new-age investors to always enter the market with a long-term investment horizon and not look at things from a two to three year perspective.
"Average investors should not worry about FII figures. You want to be right ten years down the line, not one or two years," he said about ongoing market headwinds.
But most notably, the veteran investor, when asked about how to spot the trend before it happens, urged market participants to buy something that is unpopular. "Try to buy what is unpopular," he said.
Agrawal went on to suggest that even though investors should always have long time horizon, they should not necessarily be averse to exiting early, should the time and the opportunity permit.
"Long-term investment doesn't mean you don't book profits," he said, adding that investors have every right to exit early if they witness any negative developments.
Agrawal particularly pointed out his investment in Bharti Airtel about two decades ago, revealing that he had exited the company at 25x profit, after observing certain developments that he did not like.
ALSO READ: 'Buy The Unpopular': Raamdeo Agrawal's Five Mantras Includes An Ignored Sector To Watch
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