Staff from the Motilal Oswal group celebrates on the trading room floor (Photographer: Santosh Verma/Bloomberg News)
How should investors react if a stock market slumps 20 percent? According to investor Mohnish Pabrai, gleefully.Investors should be thrilled when markets drop as it provides “decades of stock buying” opportunities, the portfolio manager said, adding that market direction should not be a factor while investing. He cited examples of cycles in some of the major markets like the U.S. and Korea where the returns have been almost flat over...