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It is an opportunity and history also tells this, data shows that the wealth earned by people is by befriending the bear market. The person who has invested money in the bear market is the same person who has created wealth in this stock market. You can also include me in the Covid time of 2019 and 2020, I could not sleep for three days or four days, later I remembered the Gita, after that whatever shares were bought in June-July, by 2021, all those shares increased 10 times, 15 times, 5 times.
The wealth that is created is by investing in the bear market. No one earns money by investing in the bull market. I have written an analogy of the stock market. The bull market creates weak investors and the weak investors create the bear market. The bear market creates strong investors and the strong investors create the bull market.
This cycle continues throughout the stock market. This is a day and night, the season of sale, not in India but all over Asia, and the markets are currently getting discounts of 86-30%, so why are people afraid of these sales, why are people running away from the sales that are happening in the market, why are they not buying, we do not learn anything from history, as I just told you, whenever you see the market, this is the entire life cycle, the market which will be euphoric, there will be a crisis in that market and the market which will have a crisis, that market will be euphoric again, the data till now tells this, as long as I have been in the stock market, all of you know the same data, but what happens is that new people do not come, the crowd comes, what they have seen remains, no one wants to learn by studying and you cannot get heaven without dying, so everyone wants to learn only through experience, so people forget this thing, by saying this, it happens that he does not have time to take anyone, when he wants to board a moving vehicle, when did you realize that trading is not meant for you I realized this after 10 years.
I was active in trading for 10 years and kept falling and drowning in it. After 10 years, I realized that maybe this is not for me. It will not take me anywhere. Maybe it is not meant for me, so I will get 10 years. But even after that, the day I realized this, I was able to leave trading completely.
Even today, I was able to leave it completely, but it took me 10 years to implement it. It is not necessary that the day you gain knowledge, you attain salvation. It took me another 10 years to practice it. So, what percentage of you is a smiling personality and your investment formula is also a smile.
So, can you tell me what that smile investing formula is? And I invest in midcaps. So, the formula that worked best for me is Standards for Small in Size because I invest in small companies and Standards for Medium in Experience. I try to catch such management that the management has at least 15-20 years of experience in the stock market, sorry, I mean 15-20 years of experience in its company and 15-20 years means experience in media, that is because in 15-20 years it must have seen three-four big cycles of ups and downs, so the management must have become smart and still if the man with experience in media, let's say that man has been in the industry for 40 years and even today he is a small cap, then I will not buy such shares, it means that perhaps that thing is not in his DNA, that thing is not in his product, so this becomes medium experience and the second big end expression, inspiration, that is the management, it has been seen in general that after reaching a level, if there is a company worth Rs.
100, 200, 300, 500 crores, their appetite ends, their fire in the belly ends, they have to feel like this is enough, friend, I have won the entire battle, I have won it all, so what now Mercedes is bought, club membership is gone and two-four houses are built, how will we earn money now, even our children are saying that Babu, we should start now, let me have fun now, when that aspiration ends, that aspiration ends, it means if that management does not become a billionaire then we shareholders will not become a millionaire, that aspiration of his is very important and the most important thing which I think is to stand for extra big market potential, its market potential should be so big that to measure a 500 crore company, there should be 5000 crores ahead, there should be a potentiality of 5000 crores ahead, so I always say that I never invest in crocodiles in the pond, I invest in fish in the sea for which there is a whole ocean left to measure, in 2 years many new people came in the market, so what is your message for them, if you are going to learn from your mistakes, then your one life is going to be very less, so first of all A smart person should learn from the mistakes of others and apart from his own mistakes, he should also learn from the mistakes of others and one must understand about the share market that it is a risky business, here the market will reward you as per your perception if you will treat it as a gambling business, it will be for you, so this is not a place for hoaxes, this market is a risky business, it is a fast business, so the day you start taking this business, that day your perspective of investing in the market will change, so the most important thing is that you are trying to become a millionaire overnight, do not be fooled here, I have a court, you should remember that the market was not built in a country, but Hiroshima and Nagasaki, so that can be seen in the share market.
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