It also helps them recognise a bad decision, which can pave the way to make suitable amends. In the stock markets, humility helps one recover from a bad investment and recoup the loss by finding an alternate investment.
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
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