As we publish this episode the markets continue to remain volatile and the Nifty 50 and Nifty Midcap 100 are down about 25% while the Nifty Smallcap 100 index is down by 33% year to date. We understand that these can be nerve-wracking times for you. With that in mind, over the last couple of weeks, we've published conversations with some of the smartest and most experienced people in the Indian markets, people who've seen the previous bear phases. And in this episode, Prateek Singh (Founder of LearnApp) caught up with I. V. Subramaniam (Subbu), the MD, CEO & CIO of Quantum Advisors. Subbu has over 25 years of experience in the India markets and has pretty much seen every market phase in India, including the Harshad Mehta scam, dot com crash, the 2008 crisis among others. In this conversation, Subbu talks about: How got started in the markets What exactly was the Harshad Mehta scam and what he personally learnt from it What you shouldn't do in a bear market Common behavioural mistakes investors make How to build portfolios during such bear market phases How to avoid value traps if you are a direct equity investor His thoughts the underperformance of value style of investing Importance of asset allocation How he personally invests and a whole lot more.  Please enjoy this conversation with Subbu.