In a panel discussion that followed, four Dalal Street veterans gave their wisdom on "How to survive stock market in 2017". The advise: stay invested for the long-term. Ridham Desai, Managing Director, Morgan Stanley India, said that the markets are in the midst of an earnings recovery. "That story would have built up nicely in the next two quarters but because of demonetisation it has been pushed back," says Desai. Agreed Nilesh Shah, MD, Kotak Mahindra Asset Management Company: "We are looking at three to six months of delayed recovery." Rashesh Shah, Chairman and CEO of Edelweiss Group believes that the move was just not an economic experiment but a social experiment. "It's an experiment that has a lot of benefits with an increased flow of informal funds into the formal system," he says. Bharat Shah, Executive Director, ASK Group, pointed out that there could be a shift from physical assets to financial assets because of demonetisation.