Even investments at the peak of 1992 were multiplied by 15: Prashant Jain
The stock market is very forgiving, Prashant Jain told a Morningstar conference on Wednesday. He gave the example of a person who invested money in the Sensex in 1992, at the height of the Harshad Mehta scam. The Sensex has grown 15x over the next 30 years, allowing the “foolish” investor a 9.5% CAGR on their portfolio. Similar returns of 11.4% and 7.5%, respectively, follow for anyone who invested at the height of the dot-com boom in February 2000 or just before the 2008 global financial crisis.