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I don't think money attracts money. There is a quote of mine which says that your mental capacity is more important than your financial capacity. I am talking about direct investors in the market. So your mental capacity is more important. You are going to make the mistakes. One you have liquidity. One you have more money in your hand.
At that time, your brain does not work because money dominates it. So, money does not attract money. Actually, knowledge attracts money. Bull market creates stupid investors and stupid investors create bear market and bear market creates smart investors and smart investors create bull market and again bull market attracts stupid investors.
So please remember what ever money you have made in the last three years or four years. Never let this money get into your mind. Always remember, when any of my acquaintances, friends or anyone meets me, he says I did this, I made so much money, then at that time I tell him I caution you never to use this word in the stock market in your life that I did this, I never use this, whatever small place I am standing from zero today, I never think like this, it never comes to my mind that I did this, I tell him to say that this happened to me, this opportunity was given to you by the market, this opportunity was given to you by the bull market and this opportunity was given to you by God, so never forget this, remember that everybody is a genius in a bull market, that is my song too, everyone is a genius in the boom, everyone thinks themselves to be heroes, the same geniuses become zero again in the storm of recession, a new life has started, still do not lose your senses, the party has started, the price of gold fluctuates, sometimes on import duty 2, sometimes on import duty 15, but till date not a single showroom of Titan has been closed and in fact they are continuously opening, in fact other more jewellers have come and if they are also listed then maybe they will include everyone The market cap of just one jewellery company will be Rs 4 lakh crore.
So, they have created a balance for themselves in such a way that the price of gold increases and decreases but the showrooms do not close. So, life is similar to the stock market as well. You have to understand your margin of safety here. And as one sir said that if you will not take any risk then what is the use of life.
The knowledge that you have is your luck. Whatever you know, whatever you understand, it decides your destiny. It becomes your destiny. One lesson can change your approach. One opportunity can change your career and one bull market can change your net worth and one stock can change your life. So this is not just a poem.
I will tell you about my life. Thank you. How can one stock really change your life? I but one company, one stock out of a few which really changed my life. I am talking about one of them that is Cera Sanitary Ware. I bought this company in 2005 and something around In 2005, it was at ₹ 770, at that time the price was ₹ 770, and by 2008, before this financial crisis, the stock price went up to ₹ 25, and in this crisis, whatever subprime crisis came, the stock price fell down to ₹ 100, and after that, you should understand that this is what people say, the bull market in India which ended in 2008, really started in 2014, this is what, whatever theory of bull market or bear market is there, it is said that the bull market started from 2014, and I will tell you that this stock after that, from 2008, it went from 50 to 250, from 50 it came to 00, from 100 it went to 500, and then it came to 300, the promoter of the company was a boy who was dynamic.
The one who made changes in all the companies passed away, the stock price fell down and from there it went to 00, from 1500, then it reached 50%, every time it fell, its value got wiped out, then it came to 800, then it went to 4000, then it came to 2000, then in Covid it became 44500 and in Covid it again came back to 2000, then last year it became 8000 and in between this one to one bonus came and for that if I add 1708 dividend to it, then if I add the one to one bonus, then I got 50 x bonus dividend because it doubled, so if I take the costing of 70, then I got 50 dividend, within 1617 years it doubled, then what I could have earned in fixed deposits, so this is my return along with FD, and my return got matched, and it got better because Understand that my value has become four times whatever it is and the price last year was 8200 after x bonus so that means 16200 and I sold my remaining balance stake whatever was left of mine more than % of what ever I sold it 000 at 8200 that means 16000.
So if I pay dividend to me in that company then my value my cost price is zero so the stock has given me 162 times return in 17 years 16200 times it is not the percentage I am talking about it is the times return so this is what I said that one stock can change your life all you need is knowledge, courage and patience, you will have to have these three things knowledge to identify the hole in all the adversity all the crises like subprime and Covid and what ever you have faced in the last 20 years 15 20 years, so this is what the return stock market can give to you, so this is what all you students should understand, never think of retirement in life, the day you think about retirement, if you manifest in your mind that you have to retire, from that day your growth will stop in life and your speed will stop and if you observe people, you will realize that after retirement, the plight of a person, if I use the right word for it, or look at big officers, whether they are IAS, IPS or big bureaucrats or businessmen in their line, whatever they are, you should see one thing, as long as they remain active, as long as they work, as long as they remain active, their life is there, once they retire, their life is completely ruined, so do not think of retirement in life, as long as you live, you have to work, planning is the second thing, you must definitely do margin of safety and planning for adverse times What you have to do must be done because life is all about ups and downs [praise]
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