New Delhi, June 11 -- Shailesh sat in the balcony of his 43rd-floor apartment scrolling through his investment app. The market had fallen 1.12% that day. His portfolio was down 8% over the past few months.

He had been watching the falling markets with dismay for the last couple of months. He called his two friends.

The first, Viswanath, treated investing like a game of rummy-constantly buying, selling and reshuffling his portfolio. Shailesh had tried this formula but had not been rewarded well for his efforts.

The second, Viren, was a seasoned investor who had built wealth through patience. He made short work of the market volatility and global uncertainties and suggested careful deliberation, and a long-term investment approach.

He u...