저자: 미상 · 외국인
요약 보기
은행 예금은 인플레이션에 의해 실질 가치가 줄어들 수 있으므로 복리 효과와 주식 투자를 통해 자산을 불릴 필요가 있다고 설명. 주식은 기업의 일부 소유권이며 PE 비율과 포워드 PE로 가격의 적정성을 따져볼 수 있다. Peter Lynch의 원칙(이해 가능한 기업 투자, 좋은 종목은 키우고 부진한 종목은 정리, 10배 종목 개념)을 소개. 시장 타이밍 예측은 동전 던지기와 같으므로 기업 분석과 장기 보유가 중요하다고 강조.
다듬은 글
Have you ever wondered if the money lying in the bank is losing its value with time ? Today we will get to the bottom of this question and try to understand how the stock market can help us in increasing our wealth ? So let's ask the question directly. Is our savings account actually reducing our money?
The answer might surprise us a little. The thing behind all this is inflation. It is like a silent thief that slowly reduces the purchasing power of our money. See, if money is not increasing faster than inflation, then it simply means that its value is decreasing. Just saving money is equivalent to being left behind in this race.
Then what is the secret weapon to defeat this inflation ? Yes, this is called compound interest. This is the magic where money starts working for itself and the interesting thing is that the profit that comes from this money also starts earning more profit. Do you know what the easiest way to understand this is?
Imagine a snowball rolling down a hill. In the beginning it is small. But as it goes down, it packs more ice with it and grows larger and larger. The game of capitalism is exactly the same and the difference is really surprising. See, in simple interest you get the same amount every year but in compounding the profit itself starts generating profit.
Every year this earnings engine gets bigger and more powerful. And after just 5 years, this small difference that was visible, turns into a huge victory. Okay, so where does this compounding happen? This happens in places where money has the potential to grow rapidly and the most common way is stocks.
When someone buys a stock, they are not just buying a piece of paper. No, rather he is actually becoming the owner of a small share in a very big company. Its meaning is simple. When that company is successful, its owner is also successful. When the company makes profits, he also becomes a sharer in that profit.
This is not just an investment. This is a kind of partnership in the success of that business. So the question is how are these shares bought ? You should understand that there are two important stages in this. First of all, a company sells its shares to the public for the first time through IPO. After that the same shares come on the stock exchange.
Where investors like us can buy and sell them every day. But this is where people often make a big mistake. They think that brother, a stock worth ₹10 is cheaper than a stock worth ₹100. Is it really so? No, not at all. If you understand the stock price, it is only that part of the iceberg which is visible above the water.
The real value, i.e. the real strength of the company and its future prospects, are hidden beneath the surface. Well, one way to delve into this is the PE ratio. Now what is this? In simple words, it tells how many rupees the investors are ready to pay in exchange for every ₹1 of a company's earnings.
Understand that this is a measure of how expensive a stock is. Now, let us understand this with an example. There are two companies before us. Ok? Both have a PE ratio of 20. That means both look equally expensive. But the real story lies in the forward PE, which is based on the expected future earnings.
The market expects XYZ Company to grow faster. Hence its forward PE is low and this indicates that at today's price XVZ may prove to be a better deal in the future. Now, all this investigation may seem a bit complicated, but there is no need to worry. Peter Lynch, a great capitalist, has made it very easy.
His basic principle was that there is no need to become an expert. You just need to look around you. The wisdom of lunch is based more on common sense than practical wisdom. He used to say that invest in things that you understand and always do your research. But do you know what his most powerful advice was?
He used to say, water the flowers and cut the unnecessary grass. Meaning, give your best investments a chance to grow and sell those that aren't working. Often people do exactly the opposite. And this thought gave Lunch the idea for the 10 Bagger. What is this? This is the stock that can multiply your capital 10 times.
That means straight 1000% profit. Obviously this doesn't happen overnight. But this is the biggest proof of the power of patience and good investigation. But before embarking on this path, there are some major mental hurdles that often prevent new investors from moving forward. So let's remove them one by one.
The biggest myth, the biggest misconception is that there is a magic ball that can tell when the market will go up and when it will go down. The idea that one can buy at the perfect time and sell at the perfect time. Peter Lynch had a great point about this. He said that betting on small market movements is like tossing a coin.
It is far better to invest your time and effort in understanding the business of the Tawanai Company. Well, the second big obstacle is the idea that you need to be very rich and have a lot of money to enter the stock market. Whereas the truth is that how much money one starts with is not as important as how long one remains committed to it.
Remember the power of compounding, because of this even small seeds planted carefully can become big trees of wealth with time. So what is the gist of all this ? What is the most important lesson? That is, to understand that we are not buying a stock but a business. Think like a boss. Not like millet.
This difference in thinking is the real key to success. So ultimately, this is a question to ask yourself. Take a look around you. Which are those great companies whose products we use and understand in our daily lives ? Who knows, the next great investment could be closer than we think.
댓글 0