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No academic degree can get you success in stock market. Any academic degree in the world, whether you are an engineer from MIT or Harvard educated or how big a CA gold medalist or MBA, but you will never be successful in the stock market because of your degree, it can never happen, the reason for this is practical reason, I will tell you that if you have studied from Harvard and I ask you to fly a plane, then you can fly a plane, what can't you, you cannot even drive a car, for that you will have to learn driving, you cannot even swim, for that you will have to learn swimming, saying this I said that never consider an academic degree as a license that you have, that is not a license to be successful in the stock market, I have seen such people who, the more educated they are and mainly those who have studied accountancy, chartered accountancy and MBA, they have a lot of confidence in their mind that the stock market is in their hands and they will win it in this way, I told those people I've seen people who have been badly affected here, so you should understand this: before starting your career in the stock market, you should study the stock market.
Your education will be very useful. You can understand analytics very well. If you're educated, you'll need to understand the ins and outs of the stock market. To win in the stock market, you'll need to study the stock market. Just like to fly a plane, you need to do engineering, or mechanical engineering, or whatever its course is.
To do law, you need to study law. To become a lawyer, you need to study accountancy. To become a chartered accountant, you need to study the stock market. Similarly, it's important to study the stock market. People don't understand this. I think 100 out of 100 people don't understand that you should work after studying the stock market.
Everyone thinks that you've completed your 12th or 10th grade, and you start tomorrow and you'll be successful. That's gambling. You should understand that that's gambling. That's not the stock market. That's not investment. That's gambling. This is such a huge gamble in life that it will take you so much backwards that it might take you many years to recover and your morale will be broken.
If anyone has any questions about this, we can answer them later. Secondly, my quote is that the stock market is the place to make the hardest money. I am not a hard-stop written person. I am not an engineer, I am not an accountant, any person like that. Everyone thinks that if we come to the stock market, then the money that comes is so easy.
I sit in my air-conditioned cabin, for example, and understand that I am working on my phone and laptop thinking about something or the other. I am not going to any shop floor and doing any engineering work, or I am not going to any company and writing any accounts, or I am not its vendor, or I am not its supplier, that I am producing something.
This is digital money. Everything is digital. This is so easy money, but this is so hard money. All of you must know this. Whoever has invested a year in the stock market here, and who mainly the person Anyone who has seen 21 and 22 2021 and 2022 must have realized how difficult it is to earn money here.
This is the world's most dangerous and risky platform to earn money, but if you follow its discipline properly, then you can definitely be successful here. There is only this much risk in it. If we walk on the road, that too is our risk. Even if you are walking on the road, you are taking a risk. A car can hit you.
You are a very good driver, if you are driving a car, you will not have an accident, but if another car can cause an accident, then understand this kind of thing. Calling it easy here does not mean anything. You will have to make sacrifices for it. Just as it is said that it is necessary to go to heaven to die, similarly, do not consider it easy here.
It is difficult here, but it is possible. My third quote is: Your mental capacity is more important than your financial capacity. As I said, this is digital money, there is no physical labor here. I am talking here only about the mental mind, money is empty, this is a complete mind game, what do you understand by mind, when we study the course, in whichever class you have, there will be 50 children in that class, there will be four sections, there will be 200 children, in 20 years 500 children will pass out from that class, but every child understands different meaning of the thing which is taught to him in the same syllabus, he derives different meaning from it, makes different puzzles, just like different puzzles are made of alphabets, similarly it is the case with the share market too, so the biggest work here is of the mental, so here it is a game of the mind, this mental capacity is more important, like just now someone was talking, there was a talk about risk, just now someone was asking me like this, so if you do not take risk then there is no work in the share market, the person who cannot take risk, he has no work in the share market, he depends on his mental and what I mean to say is that if a person here is above the financial capacity If a person comes to the stock market thinking that he has ₹1 lakh and he will win the stock market, his ₹1 lakh will become zero.
I can give you this in writing. One of my quotes is also that if money is the only skill you have in the stock market, you will soon go broke. If money is the only skill in the stock market, money is not a skill; money is supplementary here. Before that, you should check your mental capacity whether you can take this risk.
If you do any work, are you not disturbing your sleep at night? Are you not fighting at home? If your share price decreases, are you fighting with your siblings or parents? All these things are very important. Here, that mental capacity and how much work can you do? Understand that you have ₹00 to invest, then if you invest one rupee in each share and if you collect 100 shares, then you will never be able to create wealth in life.
You can earn money return wise but Big wealth will not be created in the share market and every person who comes to the share market comes with the same dream, so for this your mental capacity is very important here, financially still for a minute you can do bag boro steel, I recommend it but still, but the mental capacity that you have, you will have to increase it yourself, you will have to strengthen it yourself, there is another quote of mine that KYC is more important than KYC, so in [ __ ] know yourself, know yourself is more important than KYC know your client, the form that we fill up, this is related to the earlier course that you should first of all try to understand yourself whether you are worthy of this business or not, first of all you should understand that this is a business, this is not a trade, people consider it a gambling den, people think that there is some machine where we can become millionaires overnight and 90% or 90%, not 100% people fail in the share market for this reason.
They want to become rich quickly, they want to become millionaires overnight, this is a glamour world, so this is not a glamour world, people find that much glamour in it, but there is a process behind it, so by saying this, first of all know yourself, understand whether you have courage or not, whether you have knowledge or not, and whether you have patience or not, here patience is the biggest thing here, the most important thing here is in the share market, three knowledge courage and patience have been added to the knowledge to identify, that means there are four caps, the fourth cap is scrap cap and all these companies that are listed, 55500 companies that are listed, understand that out of 5500 companies that are listed, 5000 companies come under the category of Bengal heavy cap and the small investors, the small investors who do not understand, they go and deal in scrap cap first, which I have also written in the song that remove penny stocks and invest in mutual funds, mutual funds are the best for you people, the person who does not know how to play, if you have a car If you don't know how to drive, how will you drive your car?
If you drive, you will break your father's car and also break your knees. You will put your life in danger. So what will you do? You will hire a driver if you have to drive. The same is the case with mutual funds. The manager of a mutual fund has experience of 25, 30, 35 years. He will have a team under him, three, four, five people.
Together, they have experience of 100, 150 years. Despite that, the person is a loser. You should understand what we can do. How can a new person succeed? It is impossible for a new person to succeed here. You will have to spend time here. You will have to fall here. When you are right, you learn when you are right.
You learn and we only learn when we are right. So, this is a process, this is a process of 10 years. Don't live in the glamour world, thinking that you will come here and you will get money. Do n't think that it is impossible. Follow its process, do fundamental study of share market, understand why it rises, why it goes sideways, understand what all things affect the share market, just if you think that there are two types of people here, there are two types of knowledge, one is internal and the other is external, internal, understand that you can read the balance sheet very well, you will see the annual report of any company, you will get an idea or a very good economist, economists fail here, I have not seen any economist becoming a millionaire in the share market, first of all, mother, please forgive me, because economy is its own place, this business is its own place, so you should understand this and then proceed, okay, now my second point is that invest part and savings save first, first of all, if you want to invest money in share market in life, then it is necessary to have savings before that, I am in Ahmedabad, a boy came to me and said that my father has retired, he has some Rs.
5 lakh as pension, is that what he I want to invest in the stock market. I held his hand and said, swear I won't work. Whatever the poor father has saved in 50 years will be squandered within two minutes. Here, you should understand that this is your savings. If you are starting through mutual funds, then you don't need all this knowledge.
You just have to learn these few things: courage and patience. I am talking about direct investing. If you want to do direct investing, then you will have to go through all these processes. So, first of all, many people come to me and say, brother, how do I get the money? How do I get the initial capital?
For that, I have to do trading first. For that, I have to speculate. For that, I have to do futures first. After that, the money will come. Then he thinks that I will invest it in the stock market. What is the guarantee of this? Many of you must be thinking that money will come from trading, then I will invest the money in investment.
Please raise your hands. Those who think like this, don't be ashamed. Only one person raised his hand. Yes, just now four, five, 10, 15 Yes, 20, 25 have happened, okay, 40 men did not raise their hands in shame, so everyone here thinks the same thing that right now, you can earn money in the stock market in one or two ways, money can be saved, let us talk about capital, see there are two ways to save capital, you can, you can live a lavish young age and you can live a lavish old age, I am not talking about your own money or your father's money, you should think whether you want to be lavish in your young age or you want to be lavish in your old age, you should first decide this for yourself, you have to understand that you can earn money through savings in two ways, so you should choose the path of trading, you have to do future options, you have to earn money in that and then you have to become an investor, in this, at 1, a person is successful, at 99, ultimately they remain engaged in the same mirage and they ultimately lose that money too, then they find some other way, another way is to make savings, which you Frugal Life If you live your initial life, if you are frugal, if you live it frugally, which is called in other languages, if you live your initial life frugally, and the money that you spend by going here and there to restaurants, parties, on branded clothes or on outings, if you save that money too and consider that money as capital and invest it in the stock market, consider that as seed capital, then its chances of success are 100% because that money is your net savings only, but people do not understand this simple mathematics, by saying this I have said at many places that investing is very simple but not easy, being successful in the stock market is simple but not easy, easy does not mean that we want to follow that discipline because it starts from there that I want to earn money quickly , otherwise I have many such quotes, so I think we should do a Q &A session based on this, right between this and that There will be many quotes in this also, so I can talk to you about them and understand one more thing, many people say to me that yes brother, if you want to buy shares, then what is the top and what is the bottom, so for that also I have written a quote that there are two people in life, here in the stock market, there are only two people who know the top and bottom of the stock market prices, there are two such people, one is God and the other is a liar who says that I did it, I bought it at the top and sold it at the bottom, there is nothing in saying top and bottom here, this is my opinion, bull market, yes, there is nothing in saying bull market, bear market here, this is the stock market, on this also I wrote a poem, market is like a sunshine, it is always there somewhere, but your study should be so strong, your education, knowledge of the stock market should be so strong that you should have the knowledge of when and at what time you have to work in which sector, when you have to exit in which sector, and the rest of this life will pass and we will not be able to do this
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