Thukral has over three decades of experience in the BFSI world and has been investing in the markets for more than two decades. He is the former Managing Director and CEO of Axis Securities.
In an interview with ETMarkets, Thukral said, “We’ve all realized the importance of family and our health especially mental health and turned inward during COVID. People realized that money could be the means, not the end.” Edited excerpts:
Mind Over Money: Arun Thukral on Yoga Techniques and Markets
Arun Thukral has over 3 decades of experience in the BFSI world and has invested in the markets for over two decades. He is the former Managing Director and CEO of Axis Securities. Staying focused and not panicking is natural to all yoga practitioners and I certainly am, too, and as they say, behavior in investing is far more important than your knowledge of finance and the stock markets, says Aaron Thukral, an independent market expert.
With over two decades of investment experience as well as every market cycle – how has yoga helped you stay calm and at the same time focus on a goal?
Great question. Yoga has been a huge help as much as my investment journey has been for over two decades. I watched the tech crash of 2000, the mortgage crisis of 2008 and the many ups and downs after that, and finally the black swan of covid 2 years ago, and we still haven’t come out of this fully.
Every time events like this unfold, I’ve seen people get upset and then generally make a lot of mistakes like panic selling, acting on rumors etc.
For me, this has been better in that I have used yoga techniques, kept my cool and may be much better in terms of the overall investment results I got.
Maintaining focus and not panicking is normal for all yoga practitioners and I have definitely experienced this too. As they say, behavior in investing is much more important than your knowledge of finance and stock markets.
COVID has affected the mental health of everyone, not just investors. Is it time to turn inward and focus on yourself more than the wallet alone?
Covid has affected everyone (me included) and forced us to think about our existence. Putting money in the market is one thing, but COVID has forced almost everyone, whether they’re investors or just regular humans – who have nothing to do with investing – to think that there is something more powerful than making or managing money.
We all realized the importance of family, our health especially mental health and turned inward. People realized that money could be the means, not the end.
To some extent, money did not help, and even the wealthy could not find a bed or medicine when needed.
Yes, it has helped to the extent that you can help people with money to buy food and medicine and your savings have helped in case of job loss, etc. As I correctly said, money alone is not everything in life.
(This is part 1 of a 2 part Mind Over Money interview)
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