New Delhi, Nov. 24 -- Veteran value investor Ramesh Damani is ignoring doomsday warnings about a US tech stock correction and noises surrounding corporate earnings growth trajectory back home, staying loyal instead to his credo of long-term investments, using a bottom -up approach. He remains unconcerned about short term market corrections, advising investors to "remain invested" and benefit from the power of compounding. Damani notes that domestic liquidity is more than enough to absorb any selling from foreign portfolio investors (FPIs). He believes that when FPIs return to the market, a 'melt-up' could occur, thanks to domestic buying. Edited excerpts from an interview.

Luckily, I don't look at broad macros like GDP, inflation etc. wh...