As the head of a multinational conglomerate what opportunities do you see here? With investments in the US, in Europe, in the Middle East and with this financial tsunami spreading across the globe, how do you plan to protect your investments?
You see, we are a very conservative player. During boom-time, we did make use of the available opportunities, but all for short term, as a long-term action is fraught with risks.
Our investments, too, are for the short term. I even invested my fixed income for a short period of one or two years, so that I don't face any problem if I have to liquidate it.
But this does not mean we are inactive during recession or depression, rather we are more vigilant now.
At boom time, our approach was short-term and conservative. This helps us to balance the risk element.
People said they were earning 90 per cent, 160 per cent returns ... but you see such returns can't be sustained for a long period.
Image: A bronze statue of a bull fighting with a bear is displayed at the Museum of American Finance | Photograph: Spencer Platt/Getty Images
Also read: What is subprime crisis? How it caused financial mayhem?
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