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ramv also joining us and ramdev is in Moscow and ramdev can I say good morning or you are already in a state of disbelief uh no no no uh this is very good morning very bright Sunshine here and uh I was just uh looking at the you know screen in fact I was watching e now live on internet so clean and nice here and uh so I think uh finally what nobody was expecting has happened and that is the J what one is going through so you know one of the famous thinging is that whenever there is a frenzy in the market go for a nice walk so I think that's the kind of situation it is because we don't have anything I I I read I heard so many guys nobody has any clue what is going to happen to I mean because of this so how do you react in the market this yeah and we only Envy you ram that you have a beautiful walk out there in Russia but uh purely from an indan investor point of view Ram how do you approach this Market do you keep your buying list ready because my sense is that the broader Market collapses only just started they're falling more than the frontliners and maybe it could get aggravated in the next few days so once the dust settle down you keep your buying list ready and start buying more of the stocks which you always wanted to buy but they were richly valued earlier so you are already in panic situation I mean I don't know what are the numbers right now maybe 800 points 900 points th000 points so uh you're already at the midst of the you know the kind of mini uh Del or whatever you can say so so whatever the cash you are left with see I at least operate with almost 100% 100% invested so first thing in the morning I called up my managers and I said how much money you have so today is the day for shopping that's what I told them so shopping around there what's the shopping list looking like yeah so no no is same stocks which you have so the ones which are uh my sense is the ones uh which were doing well recently the same stocks will come up for more selling because people will try to book profits uh rather than booking losses so uh so my sense is we might among our list of stocks which we are buying or thinking of buying we could use this opportunity to whatever cash we have to buy into them so that would be our strategy only time will tell whether what we are trying to do now in any case we would have bought the shares so uh my sense these are opportunities I mean yesterday what was available for 100 today it is available for 95 in any case we had if it had opened at 100 then also we would have bought at 95 my customers are benefited ramdev uh you know on paper we can prove that India is not the first derivative or the second derivative or the third in fact it is the third derivative of a Fallout so I'm with you ram when you say that that if you're getting a good business cheaper because of global problems you should be a buyer but ram my challenge here is that right now Glo glob Globe is hungry for growth and this kind of an event will only open concerns about where growth is headed I mean the last thing we want is that you know central banks should print more money and they should artificially Kickstart their economies and also ramv the social implications of such a move it it has started in Britain it could go over to Netherlands you don't know whether Germany wants in you don't know what will happen to Italy so ramdev maybe the social fabric of the world could change yeah as I said this a huge Global event I mean I'm not undermining the importance of it but entrepreneurs you don't undermine the entrepreneurs also you know the companies they will find their ways life goes on I mean what changes in your life or my life on a day-to-day basis so the businesses which are supplying so you flying you are eating something you are you're drinking something so uh you using banking services using insurance services so but said businesses are not as unstable as what uh what the markets are making out to be right now because right now it is emotionally challenged markets are emotionally challenged world will find Central Bankers authorities politicians you see responses from bhi from all over the world as the morning happens everywhere they will grapple with the situation and the responses will come and uh but by that time you know the uh uh what happens in stock market is a perception issue today today's opinion is today's price tomorrow's opinion is tomorrow's price today there is a panic so you'll get a panic price tomorrow once things are slow I me uh calm down you'll get a much better price because then it will look oh uh we we we Panic a little bit but things are not as bad as what it looks to be so things will change I'm not undermining that find us on Facebook at facebook.com/ now and don't forget to click the like button you can also follow us on Twitter @ etow live to stay updated with all our programming hit the Subscribe button on our YouTube channel by logging on to youtube.com/ user now
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