Investors need to be 'patient'

Investors need to "be patient and think long term" is one of the most common investment advice heard on the Street. However, if a hospital chain asks prospective investors to be "patient", it acquires a completely new meaning. After a stellar stock market debut, the management of Narayana Hrudayalaya was asked to elaborate on its expansion plans. A senior official of the company replied, "We are in the process of opening new hospitals but people need to be patient." Talk about unintended puns!