Lessons for equity investors | GulfNews.com:
"1. Crisis presents an opportunity: Following Dubai World’s decision to postpone its debt repayments for six months, the Dubai stock index sank 13 per cent over the next two trading sessions. Emaar Properties plunged 19 per cent and most stocks’ prices were going limit down over the same period. When everyone was selling off, Mark Mobius, executive chairman of Templeton Emerging Markets Group sitting in Hong Kong, saw this as a buying opportunity. He piled on shares of Emaar and some Abu Dhabi bank stocks. In the last five years, Emaar had gone down to Dh1.74 and today at Dh5.30 it is up 205 per cent.
“Don’t be afraid to go against the current when you have enough conviction,” said Fadi Al Said, head of equities at ING Investment Management.
Vijay Harpalani, assistant fund manager at Al Mal Capital, agrees. “Always try NOT to follow the herd.”
One should also not get carried away by investor exuberance which creates bubble-like situations, said Shakeel Sarwar, head of asset management at SICO, Bahrain."
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