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It is a 24*7 business and I have already said before that I am not working on any shop floor, neither am I a vendor nor a supplier nor a lender nor am I a labour nor a worker, so what am I, so it means what is my job, my job is to keep watching all day long whatever 400-500 companies are there, to keep studying about them, to keep thinking about them and whenever there is a weather change or when any sector is likely to rise, then to grab the shares of that sector, this does not happen in a day, sir, I have many such shares, I have just watched those shares for five years, I did not work in them, I will give you an example, you should know, like I had Wise Global, I kept watching those shares for three years or four years or five years because those shares once rose a lot, its working was good, later the position of the company deteriorated, second time then It did very well and then its position deteriorated, so I only understood that the company which once goes from zero to 100, from zero to 500, from 500 it comes back to 200, from 200 it comes back to 700, from 700 it comes back to 300 but it keeps going from 200 to 700 again and again or from zero to 500 to 700, there is some potential in that company, otherwise it is not a joke that a company worth Rs 100 crore reaches Rs 700 crore and is falling back, so I kept watching that company for four to five years, I used to listen to every call that came to that company, I used to listen to the interviews that came and I used to find out about its product from wherever I could get an opportunity, suddenly in 2014-15 or 16 I understood that the commentaries of the company which came from the management started becoming good, that was such an indication.
He started claiming that the company was turning around and when it failed twice, he changed his business model twice. The first time he adopted a business model, it was not successful, so due to this the company went into liquidation. He changed the second business model again, that business model worked well for him, but some recession came in 2008-19, something like that might have happened, whatever it was, the business model was right in that, but the company could not be fruitful, so I watched that company, then in 2014-15 or 16, as I started getting comments that this business is becoming sustainable and my losses have also started reducing, within two, three, four quarters we will start making profits, so I started buying those shares, so what I mean to say in this way is that you will have to keep following a company, sir, you will have to know its history of the last five years, 10 years, 15 years, and you should keep preparing behind it that if it ever turns around, then your This is the only work, isn't it?
What is your work as an investor? I am a full time investor sir, my work is to keep an eye on all the companies, when is whose fortune changing, when is this happening, so this is the same, in the same Tolbo which you named, I saw the same thing that it was looking the cheapest share, everyone was thinking that it makes gas and when will all the EV engines be finished, then that gas kit will not be used in EV, doing this and that, all the auto and salvage companies, all their shares were available within 6, 8, 10, 9, 10 rupees, shares of many companies were available like this, even now you got shares of many companies like this, people thought that oh, let me tell you about a company which works for IC engines, that company has order booking till 2030, forget about EVs till 2030 and Tata Motors and Mati also used to say that there will be no EV in India before 2030-35, both are running parallel If you want to go along with it, then brother, you will have to take care of all these things, you will have to keep following all these things, news, information, all these things, only then it will happen, sir, in all the companies in which I have invested till date, I believe that what happens now is that first you buy shares, you understand and buy shares with your intelligence, when that share does not move then you start feeling that you have become a fool, so what do you do, now you start looking for another fool bigger than you, so that you find another bigger fool than me and I will make him wear a cap or I will tell him, then brother, you should also invest in shares, then there will be some movement in the shares, okay, this is a joke, so maybe you might be talking about Atul Otto, I had bought Atul Otto, 200, five and as many shares as I have, because I buy small cap, those shares at that time neither do they have any strength in their balance sheet nor are those shares popular and half the people about those shares have not even heard their name, so to tell anyone either Everyone says that yes brother, I have not even heard this name but when we read the balance sheet and when we hear it, it seems that the future is bright but people naturally feel scared in buying it, so I bought a share of Atul, after buying it I used to go to everyone and tell them that look Atul is a company and is doing so well, quarterly numbers are coming, there is so much expansion plan, this is that, but no one understood it, so people did not buy it, ultimately those shares increased 100 times and coincidentally there is Ace Logistics, I had also bought it in 2005 and that share increased 2300 times, if you calculate it till 2017, then between 2004 to 17, I mean that if you have confidence in your thing that I am doing this work, but you cannot do this work immediately, you will have to spend your entire life here for it, otherwise it is difficult, otherwise your own You will also lose your confidence if everyone is telling you that I won't do this work, then you have to take your own decision that yes, I understand, I have to do this work, but you should do this after gaining some experience.
This kind of risk is not necessary to be taken, that is, one has to be safe. Look, the speed of the stock market, friend, is like the speed of a Lamborghini, a speed of 500-600 kilometers. The speed of this business is so fast. So what I say is that you should not be too adventurous in any adventurous sport.
For example, suppose you are sitting on a roller coaster, you know its speed and its ups and downs. Roller coaster, then not being too adventurous there means not sitting there with your seat belt open. The stock market is such a place where the speed here is so fast and this business is so risky, this unnecessary risk.
Not to take it because there is an inherent risk already in every share, there is a rent risk in every share, which I used to say at that time, but maybe it went off track, there are two types of risks, one is internal and the other is external, what is internal risk, if you are educated you know, you have understood the balance sheet of the company, you understand a little bit of EM, a little bit of the country, the ups and downs of that company, you are understanding all the products, so you have understood the internal risk, its fundamentals and you have invested in your company, but there is another risk that is external risk, that is external risk, like what can happen to the monsoon, what can happen to the rain, what can happen to the forex, if there is some problem in the supply of that company in some other country, due to that its demand can be hampered, as you must have heard, right now in the commodities like steel and aluminum, due to China everything gets disrupted, it goes up and down, when China is closed then the prices of the commodity fall, now when China starts opening then the prices of the commodity start increasing, all this This is an external risk, it keeps coming up all the time.
Every two months, three months, four months, in a year, you will get two, four, five such risks. How will you understand this external risk, how will you face it, unless you have the knowledge to understand it, how can you be successful by working directly?
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