New Delhi, March 28 -- The ace investor noted that most people feel safer with groupthink and "behave very peculiarly" because they are human beings, but the markets do not. "They get excited when others get excited, and they get greedy when others get greedy, and fearful when others get fearful, and they'll continue to do so. You will see things you don't believe in your lifetime in the securities markets and the country will do very well over time, but you will see these huge waves," he explained.

Adding: "If you can if you can stay objective throughout that (market movements), if you can detach yourself temperamentally from the crowd, you'll get very rich. You won't have to be very bright. It doesn't take brains. It takes temperament....