저자: 미상 · 외국인
요약 보기
이 영상은 인도 유명 투자자 Vijay Kedia의 투자 이력과 투자 철학을 소개하는 교육 콘텐츠이며, 특정 자산의 가격 방향에 대한 예측은 없다. 서론: Kedia는 증권가 집안에서 자랐고 14세부터 할아버지와 함께 주식 거래를 시작했다. 아버지 사망 후 사업 자금이 부족해 가업인 증권 중개업에 들어갔으나 흥미가 없어 19세에 본격 트레이딩을 시작했다. 초기 트레이딩 실패: 초기에 수익을 냈지만 1년 반 뒤부터 손실이 누적됐고, 소액으로 시작해 수익이 나면 큰 금액으로 거래하는 방식 때문에 나쁜 거래 한두 번에 이익이 모두 사라졌다. Hindustan Motors에서 2~4일 만에 7만 루피 손실을 본 일이 대표 사례다. 트레이딩 포기와 투자 전환: 10~11년 트레이딩 후에도 순이익이 거의 없다고 판단해 1989년 트레이딩을 접고 장기 투자에 집중했다. 트레이딩(수초~수개월 보유)과 투자(1년 이상 보유, 기업 성장성·실적·밸류에이션 분석)의 차이를 설명한다. 학습 방법: 자료가 드물던 시기라 시행착오와 타인 실패 관찰로 배웠다. 예컨대 친구가 높은 PER 종목에 투자해 손실을 본 사례를 분석해 고PER의 위험성을 체득했다. 잡지, 신문, 연차보고서, CEO 인터뷰를 꾸준히 읽는다. 투자 이력: 1989년 Punjab Tractors에 3.5만 루피 투자해 3~4년간 4~5배 상승, 이후 ACC에 투자해 하르샤드 메타 강세장에 300루피대에서 3000루피 부근까지 보유 후 매도하고 뭄바이 아파트를 구입했다. 하르샤드 메타 스캔들 이후 시장 붕괴로 경영진 검증 없이 산 종목에서 큰 손실을 봤다. 로지스틱스 종목은 14루피 매수 후 500루피 매도로 4000% 수익을 냈고, Atul Auto는 5~10루피에 매수해 초기 4~5년 정체 후 500루피 이상으로 상승했다. 종목 선정 원칙: 경영진을 최우선으로 본다. 고속도로(산업 성장), 자동차(기업), 운전자(경영진)의 비유로 설명하며, 경기 침체기 경영 대응 능력을 중요하게 본다. 미래 성장 계획, 사업 초점 변화, 고평가 여부도 매도 판단 기준이다. 조언: 초보자는 고정 수입을 유지하고, 주식은 변동성이 크므로 생활비 의존을 피하며, 하룻밤에 부자가 되는 수단이 아니라 기술·인내·경험이 필요한 노력의 영역으로 봐야 한다. 현재 순자산은 1000크로르 루피 이상으로 소개된다. 결론: 영상 자체는 특정 종목·지수·환율에 대한 1~3개월 가격 전망을 제시하지 않으며, 교육적 투자 철학 소개에 가깝다.
다듬은 글
Today, we will talk about a very successful stock market investor Vijay Kedia and his investment philosophies Vijay Kedia was born in a stock-broking family and since childhood, he has been interested in the stock market Even today, he calls the stock market as his first love and since the age of just 14, he had been trading in the stock market along with his grandfather.
When he was 14, his father died. He couldn't start a business he was interested in due to the lack of the fund and he ended up joining his family business of stockbroking But he wasn't interested in stock-broking business, so, at the age of 19, he started trading in the stock market He made a good profit from trading in the beginning.
Then he thought that he can't ever suffer loss in the stock market But after a year and a half, he started suffering losses. Then he realized that the initial success was just his luck With the idea of earning huge money in a short span, he would suffer big losses in the beginning Initially, he used to trade with a small amount.
When he made a profit, he would trade with a big amount And this would continue But some days, 1 or 2 bad trades would eat up all the profits earned through good trades And this happened for multiples times with him Once in Hindustan Motors, he suffered a huge loss of Rs. 70,000 with just 2-4 days. That time, he didn't have much money.
So, his mother asked him to sell her jewellery. But luckily, his losses were recovered soon and hence, he didn't have to sell the jewellery. After that, he felt very bad and left trading in the stock market. Then, he started to supply materials to the Tea Garden in Kolkata but his business failed He restarted trading in the stock market and after some time, he realized that he didn't make much profit even after trading for 10-11 years Whatever profit he would earn would eventually end up getting into the loss That's why in 1989, he decided to abandon trading and focussed completely on investing.
If you don't know the difference between the stock Trading & Investing, then let me tell you that In trading, shares are held for a short-term i.e from a few seconds to a few months Traders use to make money with the price movements of stocks However, shares, in investing, are held for a long-term i.e for more than one year Investors perform analysis of companies such as the company's growth, performance, valuation, etc.
and prefer to hold the shares for years When Mr Vijay Kedia decided to start investing, rarely any sources were available to learn investing Besides, investors too didn't prefer to share their investing knowledge with anybody Hence, during such times, Mr Vijay Kedia learned investing in two ways First was Trial & Error which means first try and if you fail, then learn from those mistakes And try better the next tym The second was the observation.
He used to observe the failures of other investors, view it closely, and would try to learn from each failure of other investors For example, once his friend suffered a big loss. His friend told him that he mistakenly invested in the stock with a higher PE ratio. His friend told him that he mistakenly invested in the stock with a higher PE ratio.
When Mr Vijay Kedia heard this, he performed an analysis on his friend's failure and then he learned that the high PE ratio could be dangerous Besides, at the beginning of his investing career, he started studying magazines, newspapers, & companies' annual reports and he has always kept himself updated reading these Even today, he reads business magazines, newspapers, and annual reports.
and watches the interviews of the CEOs and directors and it's his hobby. He knew that most stock market-related activities take place in Mumbai Hence, he moved to Mumbai from Kolkata in 1989. In Mumbai, he stayed as paying guest for two years. Punjab Tractors was the first stock of his investing career In 1989, he invested Rs.
35000 in Punjab Tractors. In the next 3 years, Punjab Tractors increased by 4-5 times Then he invested in ACC after selling all the shares of Punjab Tractors By then, ACC was priced at Rs. 300. ACC's stock kept increasing & soon reached to Rs. 300 due to Harshad Mehta's Bull run At Rs 3000, Vijay Kedia found ACC more valuable.
So, he sold all ACC stocks & bought an apartment in Mumbai's suburban area And with the rest of the money, he bought a few other stocks But he suffered a huge loss after the Harshad Mehta Scam when the market crashed About that he says that he invested without inspecting the company's management & quality and those stocks immediately fell when the market crashed and that he had to pay for his mistakes Then he decided not to compromise even a little about his investment philosophies The logistics that he bought at Rs.
14 and sold at Rs. 500, he got a 4000% return on that Besides these, he earned multi-bagger returns in many other stocks He bought Atul Auto at an average price of Rs. 5-10 In the starting 4-5 years, Atul Auto stocks didn't witness any movement at all But Vijay Kedia had full belief in his conviction and the company's management And in the next few years, the price of Atul Auto exceeded Rs.
500 This tells us about Mr Vijay Kedia's patience and he even says that every investor must have 3 qualities Knowledge to find the best stocks, courage to buy them in sufficient quantities, & patient to hold those stocks Because often the market takes time to recognize the real value of the stock While picking stocks, Mr Kedia gives the first priority to the company's management He offers a good weightage to the company's management & he gave an example of why the company's management is crucial that highway means the company's/industry's growth, the car means the company, shareholders are passengers in that car While the management in the driver of that car So even if the car is Alto and the highway means the growth is good & management i.e driver is also good then he will drive the car i.e the company quite well and will make it arrive at the destination And even if the car is Mercedez, the highway is good too, but the driver is bad Then you can guess, what would be the condition of that car as well as the passengers?
Hence, the role of management in the company is pretty crucial He says that investors must inspect the company's management quite well. When the economy, industry or company were suffering through a hard time, how was the management's performance? And how did they run the company during that hard time?
According to him, if the company's management handles the company quite well during the bad time Then that management has the potential to take the company forward quite well during the good times You must also look for the company's future projections i.e whether the company is ambitious about the company's future growth or not, it must be checked.
When the management changes its focus or the company's product Or when Mr Vijay Kedia finds the company to be overvalued, then he thinks of exiting that stock. Mr Vijay Kedia plans his investing strategies quite carefully & invests accordingly Many of his stocks picks have even failed but he learned from those mistakes to make big profits Therefore, he says that he paid a big price for what he is today and how successful he is.
He faced many losses and took several years to understand this mechanism If I am here today, most credits go to my many mistakes as I am here because of what I learned from those mistakes For new investors, he suggests them to keep a fixed income because the stock market is quite volatile And you can't depend on them for a fixed income.
Plus, always keep reading about businesses be updated. Because the information and knowledge will help you find the best stocks He believes that the investors must look at the stock market as an investment You must not view it as a thing that can turn you into a millionaire overnight. Because to earn an excellent return in the stock market, you must possess that skill, patience, experience So, this is a thing that requires effort Mr Vijay Kedia has witnessed a lot of ups and downs in his stock market career But even in hard times, he followed his passion with perseverance to achieve success Today, Me Vijay Kedia holds a net worth of more than Rs.
1000 crores Mr Kedia stays active on Twitter and shares his experiences. We have put the link to his Twitter handle in the description. If you liked this video, then do share it with your friends so that they can learn about the investing principles of one of India's most successful investors Vijay Kedia If you have queries related to the stock market or this video, then call or whats app us at the given number Do subscribe our channel if you liked this video and do press the bell icon so that you can view our stock market lectures regularly and you don't miss any updates from us.
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