원문 보기
Hey, I have only ₹1 lakh. It is going to take me a lot of time. I will trade with this quote. Who gave you assurance? Who has what guarantee? You will save ₹1 lakh. The day your ₹1 lakh is wiped out, you will be down to zero. Then you will not even be eligible for trading. So this is a misconception of people.
Even now I probably won't be able to explain to him what I want to say with words. I don't know if this is clear or not. But this is a big myth among people [in music] that I should make money by trading first. First let me tell you my point brother. I made money by trading so for 10 years I did n't have money to eat.
I have been trading for 10 years and I have said this in many places so repeat but the question is relevant. I did not have money to buy a milk packet worth ₹14 for my son. Would you like to go to that university? Can you see that adversity ? Five people followed me, there was no one in front or behind me.
So I saw that thing. Can you see that thing? If you can see that adversity. You can live like this for 10 years not knowing what you're going to eat tomorrow morning the night before. I watch it but I watch Bhaav because I have free time, you asked what do you do all day, so I must have something to do.
So I look emotional with this statement because there should be some excitement in your life. If my life becomes dull and I think that now I have invested in it, whereas you know I invest for infinity. I don't have any time period in my mind that I will sell it after 2 years or I will sell it at 5 times or I will sell it at 20 times or I will sell it if I incur a loss of 50 paise, that too is not in my mind, otherwise there is a time frame, so I did it and left it that let's grow with a stock, so I don't have any time, even after that I see the sentiment but now, suppose if I am sitting here or I go out somewhere or I go anywhere for five days, suppose I go to Rishikesh, if I like it there, for example, then I go, if there is no sentiment there then I do n't have the desire to see it if there is no sentiment then I will see what else I do, so personally I feel that look, I am not a qualified person, you know very well, it is a common thing and whatever I say on this statement may seem strange to you but this is what I am, so what am I I feel that music is my job, thinking is my job, thinking is my passion, it is not my profession, it is my passion.
My main profession is thinking. I feel that as an investor my job is to just think. And silently watch what is happening in the world. Whether it's what happened in Australia or what happened with COVID? What happened in Europe ? What happened in London? What happened in India? What happened in which sector?
What happened in steel? What happened in Pharma ? Keep track of them as much as possible. And connecting all those [musical] dots on your investment. So this is my only job. It seems to me that I just think that this is what happened here. Now Sir, what difference will it make to my share? So which of my shares will be affected?
My job is to sit idle and connect those dots. So I keep collecting empty data. So, there are one or two people in my team, most of them are not very good at music and no one is very qualified either. But their job is to collect empty data and give it to me. Or that is my source of news. That is my profession, not passion.
The money is that I get to know through news what is happening where. Although I am not fully equipped in that matter but still it is okay. So I just keep thinking whether this can happen with this or that can happen with that and in between, I take out that time and keep doing meditation. So this happened these days, happened over the years.
So I take some time out and I step away from and I just kind of get into myself and not think about anything. I try to do so. I'm Thinking Nothing. I am trying to do it, but I am not able to do it. This is a great penance. But this effort is my ongoing effort to sit and concentrate on my . I haven't thought of anything yet.
So this is my routine of my daily. Do you understand? So one line I can explain my couplets to you. I think so, maybe so. So I think it is simple here. There is nothing else left. The more you complex it, the more you will fall into it and you will not get any answer to it. That is why it does not matter to me whether my share falls or rises after I buy it or something happens or some advertisement news comes, it does not matter to me because I have great faith in that simplicity that if this thing changes or that thing changes then I will also change.
14 My path is simple, connect the data If you simply connect your data, I have only one path Data means what information, right news and information in this industry This is happening, that is happening in that industry, you have to connect the dots, I adopted that path, I have no other path, otherwise I do not know which other path was there, the other path is this that someone comes and whispers in your ear that I am going to do this, I will not buy a single share, I will kill the management, then that is really the case, so where do you come from and what else, a good question is not this, what is important in your life, the formula of mine which I started in my second quarter, in the second innings, in second one third second, or two third, I keep refining the same formula like my formula of smile, which you know, I did not know the formula of smile earlier, I discovered it later perhaps what I did unknowingly, that smile Comes inside the formula.
Earlier I did not know smile. I'm still into that. What else can I refine in that and what data can I collect I am working on that. And what bigger work can I do because knowledge karz and patience karz to buy ₹1 ho to aapko chalana ek mein lagao. That debt is necessary. I think people say patience is important in the stock market or some say that in my opinion, debt is more important than money in the stock market.
If you do n't have the ability to take risks then you ca n't use your money. Which is called 100% capacity utilization. You can't use your money to [make music]. Courage is abundant. If you have courage then you can also earn money by leveraging Back Boro Steel. Those who earn, earn. I mean, I am not saying that this should be done.
But Karz is Morant to Make Big Money Stock. Suppose you are going to Bombay from here by plane. Right now I am sitting in Kolkata. You are going to Bombay from here by plane. So, it's a 28-hour journey . You might have noticed that after an hour you start feeling that a lot of time has passed. Come to Bombay quickly.
Yes. You'll look down the window, you'll do this , you'll do that, you'll order coffee, you'll order this. You become impatient. Yes. Imagine if you have to go to London for 8 hours, for 9 hours, then your impatience will start after 6 hours. Right, he won't be on the plane . When 6 hours pass, you will say it is 6 hours.
It's just an hour away and the bus is about to arrive. For example, if you have to travel 14 hours to Canada, your impatience will probably correct after 12 hours. So what does this tell us? This tells us that you wo n't be able to distribute it here just because I tell you to. I won't be able to do it just because someone tells me to.
There should be that thing inside you that yes, I am ready to die. I am ready to take this risk. There is a margin of safety that I will not die. If I drown, I have a net or if I drown, this one will save me, that one will save me . There is a margin of safety. When I first started, I had no margin of safety.
Things were different at that time. Right now there is a margin of safety that suppose like these shares, if I buy them and if they sink as you said then because of that sinking the only thing that remains in my mind is whether my lifestyle will change? My lifestyle is not going to change so I don't have any problem.
Then if I don't take that risk then who will ? Then how will I become a big man ? So first of all it is important that after reaching a certain level, you secure your house. Be it your parents or whoever you have in your house , wife or children, the most important thing in life is that the lifestyle should never be increased unnecessarily .
I learned one thing from the money of the share market, if you want to go long and create huge wealth in the share market, then you should change your lifestyle with the money of the share market because I am playing a big game, I [Sangeet] when I bought two shares in 2004, they increased four, five or six times by 20089, by 2007 in the recession of 2008 [Sangeet] they came back to the same level where I had bought them, all my bills came back to the same level but my expenses [Sangeet] were that less.
My living standard was so medium. It is the same even today. Off course a little bit better. Today the definition of medium has changed a bit. I have just come wearing some branded clothes. So that's a different thing. There is also speed, all the geniuses are there. Everyone considers themselves heroes.
Falling into the storm of recession and deteriorating again to zero. My song is something like this. So he tells me that whatever money I earned in the boom market, I will give it to you. He is giving you money. That is not your own money. That is market money. He will take the market properly [to music].
Until that cycle is completed. So in the first cycle you learn from mistakes that came and went. In the second cycle you say that he came, saved and went away. This thing happens in other bicycles. So that period when you wouldn't go to , there's no way, right? You can't go straight and play IPL, can you?
Must have played street cricket earlier. Then he must have played Ranji Trophy. Then he must have played for the state. Then you go and play for India, right? This is life. His CEO has come. I think I'm a reasonably good observer . I think this is a reasonably good observation. I understand your body language exactly [from music] what you are thinking , what you are saying, how much you are lying , how much you are truthful about.
This is probably about right, I think. I apply the same formula of mine that whatever the manager [sangeet] is saying, what does it seem from his body language that whether he is bluffing or [sangeet] is he trying to sell a story to the shareholders or whatever he is saying, he does not have confidence in himself, is he just speaking for retail or market cap [sangeet], I apply a little idea to it, it comes out from my soul that no I can go with this, I go with him, I applied this in Tejas, I will tell you that this formula of mine fit, when I met its CEO, a [sangeet] good feeling came in my mind.
I met him in one or two conferences. After that the share actually sank. You ask, look, this is also not a fixed formula. I met him for the first time [in music] after ₹400. The share which was ₹400 had become ₹40. Here two and two always make four. Or two plus two is also zero. There are also two 22s.
The stock market is such a place here. You understand this matter. Is there placement or not? You're not working on the shop floor . Nor do you have to fight the union. You don't have to please anyone. You took your share sitting in the air conditioned . You should get that share, this is a blessed business, friend.
There is no better business than this. But this is a 24-hour business. It's a 24*7* 365 business. Then you have to enter into this. This is life, living here, dying here, apart from this. This is the color of this life. You have to be completely involved in it . There is no better business than this.
Stay in a sunrise sector at any cost, stay out of a sunset sector at any cost. So that court defines itself in all the things that I always try to learn and stay in new sectors. Ok. I should not go to the old sector. Like for example, Textiles did well once upon a time in the 1980s. At that time there was textile daling.
Bombay Dyeing Century Venturi was Daling. After that, you see, he could not do anything for 20-30 years.
Comments 0