저자: VijayKedia · 외국인
요약 보기
Vijay Kedia는 주식시장 성공의 세 요소로 지식, 용기, 인내를 제시한다. 자신이 2000년대 중반 Ceat 계열 Cera Sanitaryware를 저가에 매수해 장기 보유한 사례를 들며, 세라 주식이 여러 차례 분할·보너스 조정을 거쳐 약 5배 이상 수익을 냈다고 설명한다. 공부한 CA라도 시장에서 성공이 보장되지 않는다고 강조한다. 장기투자가 부를 만드는 유일한 방법이라는 견해를 반복한다. 특정 종목의 향후 가격 방향에 대한 예측은 없다.
다듬은 글
Till then let me tell you what I have understood in life that to be successful in the share market, three things are required - knowledge, courage and patience. Knowledge of identification does not give returns. Such situations also arise in that, so the knowledge that you should have is that identification of shares is not that easy.
Of course, it is a little easy for those who are CAs, but it is equally difficult for them. If they think that it is easy for them, then the share market becomes very difficult for them. Those who think that it is easy, whether they are CAs or MBA, that is my song too, whether CAs or MBAs, everyone's boat is here, if you listen to that song, then that is the song, then the most important thing here is knowledge and after that is courage and patience.
Patience, you all know that one has to have patience because here the market has started rising and falling at three points, two 2000 points, one 1500 points, so it is a normal thing, one 1500 points Sensex 200 Nifty is 300-400 points, so having the patience to decide whether to sell or not is also a big penance here.
This is also a very big science, to have that patience, but I think the most important thing here is courage because if you have not identified anything with wisdom or knowledge, but if you ask for the quantity, then you will come to know that whether you have bought 100 shares or 50 shares or 500 shares, then the quantity of course varies according to your own worth.
What I mean to say is that if you do not invest a reasonable amount of your worth in those shares and if those shares multiply, then you do not get anything in your hand. So, by saying this, I understood that according to my experience, courage is very important here and you cannot learn courage even by watching, you will have to learn courage by doing it, just like swimming, you learn swimming by reading a book.
You cannot learn swimming, you will have to practice for it, so by saying this, this is very important, I think courage, some of it comes in your DNA and some of it you have to do through practice and some of it, of course, its DNA is also very important for you because you will see that the players, understand in cricket, the players who come to play, their style, their way of playing, is known from the very first day, if one player comes, like Rahul Dravid, he will play according to his own style, he will play ball to ball and if someone else comes, like Kohli or someone else will hit fours and sixes, then it is in their DNA, then that finish, then they fine tune it, so courage is very important in the stock market, but if the same courage, courage is also a two-fold sword, if the same courage, if you invest in such a place without knowledge or in such shares, then you find out that 10-15 years of your career have passed and the stocks have not given any return, so by saying this, for courage Knowledge is very important that you strike at the right place, this is most important.
Now coming to this, if they don't have it, then should I say it like this, so this is Cera Sanitary shares which I had bought in the year 2000, maybe in 2004, and at that time the price was around 0, and within 0, as far as I remember, I had bought the company at a price of 7 on 3, and so I understood what is the knowledge in this, I understood that his other companies, Pierce companies, there were two companies at that time, so one company was sold at that time, and when that company was sold, it got double the price of its sales and Bharat ji, I am not saying anything wrong, Bharat ji was in that company, Modi ji, in this, Bharat and Modi are also there, the whole of today's India is in the sum, so yes, where is this from, no, the one before this from 3 to 13, yes, yes, the same, remove this, You should see the graph of 313, it is showing zero at the bottom, so I entered it in 4-5, its price was 70, and I bought that one of 0 at Doti, you should understand this, 2000-2011 is different, in 2008 it became 114, but the 114 is the ex-bonus, so it became ₹, so the share of ₹ which I bought in 4-5, in the bull market of 2008, which was the mother of all the bull markets, it became 100, then 225, if I calculate it according to the reduced bonus, or if we go by this, then understand that if I bought it for 35, it became 114, the share of 35 became 114, I bought my share for about three times, three and a half times, but I did not sell any share and when the Lehman Brothers crisis came, that share came back to 30-35, so my cost price came back to the same, in fact I had a loss, still I did not sell the shares.
After that because I had faith in its product, I had faith in the company, I had faith in the Indian economy, I had faith in the housing sector, I had faith in all the things that were being invested in the housing sector and only three companies were left, two were listed and one had been delisted, so I felt and the company had started expansion and after 2005-06, I felt that perhaps this company can out-beat them, can out-perform its peers, so in 2008 also I kept it on hold, after that you see, in 2011 it sold for 50, okay, so my share of 3 or it had become 10 times and it came back to 50 which was 50 in 2011 when the ban came again and after that in 2013 this share will become 567, 567 so understand that the share of 567 became 20 times after this, when will you come back brother, yes brother, after this this It is the story of 13 and after 13, its rise happened, first it became 000, the one of 000 is back to 00, my capital got halved, my asset, you think about it, the one of 3000 got halved and the one of 1500 became 300 in 2017, the one of 3300 became 000 and the one of 000 is back to 000 now, the price was 000 yesterday, I sold 8000 for 8200, the last lot that was left of mine, now the story in this is that this is literally the price of 16000, if you calculate it less bonus, and if you calculate my 8000 also, understand, then within this I got 0 dividend and the major dividend that came came after 2010, before that the company used to give a dividend of Rs 2, later it gave a dividend of Rs 10, so think about it Suppose if I hold my costing of 7, then I get 180 or 60 dividend in that share.
Because I got double the shares, so I got only dividend five times. If I calculate from FD, then between 2005 to 2023, if you invest money in FD, then your money doubles or two and a half times. My money has multiplied five times. If you look at it in terms of FD, then I have zero cost in just dividend.
If I hold that share less bonus today, then it becomes 16000. Today it is 18000. If I sold it, then it is 16000. So this is the story inside it. This is the charisma of long term. This is about holding the right company. And of course, luck has a huge contribution in this. In between, such shocks came that it felt that your portfolio has not become a ruin, it has not become a ruin, but still, if you have confidence then You hold those shares and you should have the courage to take a reasonable stake in whatever my network was at that time.
I invested a reasonable stake in two-three companies, one of them was Sera, and I kept holding it and kept selling some shares in between. Ultimately, from 1 for a quarter, the shares that I held, I sold them for 8200 or 16400. So this is the story of knowledge, courage and patience. So this is the theme of today.
This is what you should do. I say this in all my songs, in all my quotes, in all my speeches, that there is no other way to create wealth except long term investment. And if you want to roam around, have fun, play Junglee Rummy, Dream 11, and do all that on your mobile, then there are many ways, then you are welcome broker, everyone will keep becoming billionaires, trillionaires, their buildings will keep getting built and you people, we people We will keep doing this that today I earned Rs.
5000, today I spent Rs. 5000, what should I buy tomorrow, what should I sell the day after tomorrow, so this is the story here, so this is what I keep saying again and again, right now I will talk to you about the question answer, we will cover the rest of the things inside that, thank you very much, so when it comes to such people, knowledge wise you will also agree that such people become CA, but after the question of courage and patience, for that you have so many years of experience, so how did you develop courage and patience, how did you think, so in this I will tell you this, first with due respect to all of you, you should never be under the illusion that if you are a CA then you can win in the stock market, this is 100% what I think, I can be wrong also, but never think that if you are a CA then the stock market is in your hands, the stock market is not in anyone's hands, no fisherman can say that the ocean is in my hands, even if he is born there completely It has happened at home by becoming a fisherman and it has happened anywhere else but no one can say that so this thing because the share market is a subject, you can study the balance sheet well, if you are a CA then you have the advantage only that you can study the balance sheet, you can study the numbers, but what about making words from those numbers, I mean you have learnt the alphabets, but making sentences from the alphabets or making sentences like this is a different ball game, so the day you understand this, it is not necessary that if I am a CA then I will be successful here, as sir told me, I could hardly name four or five names of CAs who have been successful in the share market, maybe you will name 150 names, but you should understand that there are 15 crore demat accounts and three to four crore active traders and investors here, but the people who have been successful, you can count them on your fingers, in the share market, you probably cannot name more than 100-200 names in the entire share market, in the capital market.
Understand that whoever does not talk about reasonable numbers, who has created reasonable wealth here in the stock market, then many people go astray and for those who are more of the mind that yes I will do this, it is a child's play for me, this is a place of great problem, this is the house of love, the house of aunt, the barber lowers his head, only then he sits down, so it is like when you go to a temple, then by lowering your head, your ego, all your egos, we enter the temple, this is the house of love, similarly this house is a completely different ball game, so first of all keep this thing in mind and secondly, courage and patience, as I told you, something or the other is in the DNA, perhaps it must have come like this since childhood because I will give an example that in my childhood I used to do mock trading with my grandfather, he used to do mock trading with my grandfather by beating the mattress that he took this, he took that, so my poor grandfather used to do brokerage, They used to do brokerage of 100, 200, 500 and I used to talk to them, I took 500, 1 lakh, 2 lakh, then my grandfather said I gave it to you, I said ok I took 10 lakh, so I used to play with them like this, then my grandfather would say to my mother that this boy is mad, he does not talk for less than lakhs, so if I just connect that connection then maybe God must have given me some courage and later on then from experience I understand that yes brother I bought shares, my profit doubled and tripled, but what did I get in my house, if I had to invest one rupee, if I invested one rupee and that share increased 100 times in 10 years, then my 100 shares of ₹1 square of ₹2000000 are going to work for me, so by saying this, from this experience I also understood that this work is meant to be done big here, but again I say that this is a double edged sword, on whom should it work It is more important to know where to hit the hammer than what to do.
So I read a story that in a village a very big machine broke down, so all the engineers were called, CAs, MBAs were called, what brother, what should be done, all the qualified people looked at it, they said yes brother, they could not fix it. A villager was passing by and that villager saw him and asked what is happening, all the engineers are busy, he said the machine has broken down, it is such a big machine, a machine worth crores, it has broken down, he said ok, fine, so he said should I fix it, he said what should you fix, he said I will try, he said do it, then he hit the machine from all sides, he said bring a hammer, he brought a hammer and hit it at one place, after hitting the hammer the machine started, then he said oh friend, you have done a great job, the engineers could not do it, he said ok, give me my money, he said how much money, he said 00 00 what is it, you have hit it with a hammer, he said ₹1 for hitting the hammer and the rest of the 9999 is where to hit it, that is his money, this is life And this is the lion market, where to apply that knowledge is the most important, if it goes in the wrong direction, then this courage should be developed within you gradually, and you learn courage from some experience, and this is the patience of the people who read history, for what do we get from history, we get to learn this from the stories, where did a person make a mistake, if you read people's failure stories, you will understand more about the do's and don'ts in life, instead of success stories, you will get more knowledge from failure stories than success stories, and you can also learn from your own life, my quote about the stock market is that stock market, which is equity investing, is the best business in the world, there is no business more sacred than this, otherwise it is a different matter if you abuse it, otherwise it teaches you the whole world, it awakens all your senses, how much ego do you have, how much strength do you have, how much pride do you have, how humble are you, everyone gives you a chance day and night to learn this.
So if you have awareness and if you keep observing yourself, even after becoming aware of yourself, you will learn many things and learn from people.
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