Hope you are not thirsty enough for a glass of water right now!!!
"Today those who are desperate for cash because they fear redemption or have redemptions are forced to sell. Those who do not have any reason to raise cash should not try and value their stocks based on the prices that they are seeing today. This is very important because someone who is desperate for a glass of water will take off his diamond ring and exchange it for water. Those who do not have to should not look at that as any establishment of price either of that water or for that drink." - Vallabh Bhansali, Chairman, Enam Financial.
Makes a lot of sense.
Regards,
N
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