Ramesh Damani Recalls Jhunjhunwala's Rule: Stay Bullish on India Amid Crashes

• Veteran investor Ramesh Damani recalls Rakesh Jhunjhunwala's key rule: remain structurally optimistic about India, even during market downturns.
• Jhunjhunwala repeatedly emphasized maintaining long-term conviction in India's growth story, avoiding cynicism during market stress.
• Damani shared his experience of the 1987 crash, highlighting volatility as inherent but long-term investing builds wealth gradually through compounding.
• Madhusudan Kela and Amit Goela also affirmed Jhunjhunwala's unwavering belief in Indian equities, even during crises like 2008 and COVID-19.
• Jhunjhunwala's approach involved staying invested during bearish times to capitalize on market upturns, focusing solely on Indian equities.