저자: VijayKedia · 외국인
요약 보기
투자 성공은 용기·인내·지식의 결합이며 적절한 부채 활용이 큰 수익의 수단이 될 수 있다고 주장. 인내는 목표 설정(만족 수준)과 연결되며, 생활수준을 낮게 유지해 리스크를 감당할 여유를 확보해야 한다고 강조. 강세장 수익은 시장 돈이므로 최소한 두 번의 강세·약세 사이클을 겪어야 성숙한 투자자가 된다고 주장. 자동차 등 감가상각 자산에 대한 과시적 소비를 경계.
다듬은 글
The formula that I started in my second quarter, in my second inning, in my one third second, in my two third, yes, I keep refining the same formula. Okay, like I have a smile formula which you know. I did not know the formula of smile earlier. It was later discovered that what I had done, perhaps unknowingly, was part of the Smile Formula.
Earlier I did not know smile. I am still stuck in that. What can I refine in that and what data can I collect, invest on that and what big work can I do because if knowledge, courage and patience are to be bought in one then you should invest in one and that debt is necessary, I think people say patience is necessary in the stock market or some say this, in my opinion courage , if you do not have the ability to take risk then you cannot use your money, which is called 100% capacity utilization, you cannot use your money, debt is moratorium, if you have debt then you can also earn money by leveraging it, earners earn, I mean I am not saying that this should be done but debt is moratorium to make big money in stock market sir how to build debt, not courage, see what I understand is that debt is probably a God given which is given to me like I told you that when I did not understand anything, I used to tell that to my grandfather My grandfather had taken 5 lakhs from me and told me not to sell it and took 10 lakhs from me.
He used to beat me like this and say such things to me. Maybe at that time I did not understand anything, there was no story in my mind, so by chance it might have been some gift from God that he gave me courage, but courage is also a double-edged sword, it is a two-way sword, it can protect you and can also slit your throat, so luck is also necessary for that.
Luck is necessary for that. Whether you get an opportunity is by luck or whether you utilize the opportunity is by luck. You get an opportunity but you have to utilize it properly, you got it by luck, it took me 202 years of my life to fine tune that thing a little bit, it is a matter of luck, so this is Sir, apart from Karj, you gave a lot of stress on one more thing in an interview that patience is the only thing in today's date which will become your edge as an investor, now after your experience it is understood that patience can be developed.
But a new investor who is entering today has seen his money triple or quadruple within a year or six months. How can he make or add patience as one of his abilities? Look at the story of patience, you can understand it like this, suppose you are going to Bombay from here by plane. Right now I am sitting in Kolkata.
Ok? You are going to Bombay from here by plane. So consider it a journey of 28 hours. You might have noticed that after an hour you start feeling that a lot of time has passed. Come to Bombay quickly. Yes. You will look down from the window, you will do this, you will do that, you will order coffee, you will order this.
You become impatient. Yes. Just imagine if you have to go to London for 8 hours instead of 9 hours, then your impatience will start after 6 hours. He is saying the right thing. It will not start while sitting in the plane. When 6 hours pass, you will say that 6 hours have passed. It's been an hour now.
The bus is about to arrive. Yes. If you have to go to Canada for 14 hours, for example, then your impatience will probably start after 12 hours, correct? So what does this tell us? It tells us that it depends on your destination, how impatient you are becoming, if you are happy with ₹2000, if you would have said this, my hair would stand on end [laughs], that you are happy with ₹1 lakh or you are happy with ₹2 crore, your happiness is your limitation, it tells us how long you have to go.
If you get happy after scoring 20 runs, then you cannot score a century or if you get happy after scoring a century, then you cannot score a double century. Being happy is also a different thing. That doesn't mean you shouldn't cheer for yourself. Satisfaction means if you ask me then the answer to your question is that understand that the new investors who are coming have to choose their destination first.
We and what I'm talking about is being happy, it means staying put. Yes, I think he must be happy in life. Even if it costs money, you should be happy. If it doesn't happen today, it's okay. Will come to you tomorrow. That being happy is a different matter. The spiritual happiness that I talk about is a different matter.
I mean stop and it's done. Get scared right now. If you are scared now, how will you score 500 runs, friend? If someone is scared then how will he hit a six in six balls? Absolutely. Sir, in your initial investments, you saw a lot of draw down, that is, a lot of loss, yet you kept holding on to it because you had conviction in that business, in that company, so it seems that you have a different mindset.
That debt has been there inside you since childhood or from an early age. Only then maybe you can hold on. An ordinary person does not have that much debt. His stock then falls by 20%. So every day there is a commotion that sell this, sell this, sell this. Let me tell you one thing. We suppose you earn lakhs per month.
Yes, and if I call you to my place for an interview and I give you ₹1000, will you be very happy? We wo n't be there, right? Because you are earning lakhs. If I give you ₹1 lakh, you will feel a little better. I will give ₹1000. I said no sir, it is a family matter. Leave it. No problem. I want to give one example at a time.
So it depends on your mindset as to how big you think. The whole game is his inside the stock market. I am my example friend that the stock market is like the ocean. Some of us go there to soak our bare feet, to have a stroll, to collect all that, what do they pick up, what do they call sheep, yes yes, they go there to collect it.
I soaked my feet a little, took a bath and came to the sea. Some people go fishing with a big boat. The fishermen who go there then do business worth lakhs. Some people go to collect minerals and put big steamers and big oil refineries etc. and from there those minerals are collected in the sea. What do you choose from that?
It depends on your debt and your own lifestyle or your own ways. The deeper you go into it, the more risk you take and the higher the risk reward ratio. So you won't be able to do it just because I say so. 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 with me, or if I drown, this person will save me, that person 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 as far as these shares are concerned.
If I take this, if it sinks like you said. Yes, after that drowning, the only thing that remains in my mind is whether my lifestyle will change? My lifestyle is not going to change so I have no problem. Then if I don't take that risk then who will? Then how will I become a big man? So the first thing that is important is that after reaching a certain level, you secure your house.
Be it your parents, whoever is in your house, wife, children, the most important thing in life is that you should never unnecessarily increase your lifestyle. I have learnt one thing from the money of the share market that 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, when I bought two shares in 20045, they increased four to five to six times by 20089, by 2007 during the recession of 2008 they came back to the same level where I had bought them, all my wealth came back to the same level but my expenses were so low.
My living standard was so medium. It is the same even today. Off course it is a little better. Today the definition of medium may have changed a bit. I have just come wearing some branded clothes. So that is a different matter. Yes. But the concept is the same that my expenses should be so minimal that my lifestyle does not change.
Then you can take the risk, right? Meaning, when will you hit six sixes in six balls? You will not hit six sixes in six balls as soon as you come. When you feel that the next four batsmen are ready to play and have also scored 50 runs and I have to score only 100 runs. 15 overs remaining. But if there is a calculation in your mind then you will hit six sixes in six balls.
Sir, one thing that came to my mind from this is that I am also very active on Twitter. If you are also there then you must have seen that in the last one, two, three years, particularly people have made a lot of money by trading and as soon as people make money by trading a size, with the photo of Mercedes BMW that my first car, my first car, so as you said that with the earnings of 2 years of your expenses, you can keep an elephant, for me it took me many years to buy a Mercedes, that I could have thought of buying a Mercedes, today people buy a Mercedes in 2-3 years.
So I resonate with your point that this is a lack of education. I think it's okay. Congratulations to those who took it, it is a good thing. Let us see, there is a time for a man to learn. What do we ever do? You don't learn until you experience it yourself. Sometimes you learn by watching someone. Sometimes you learn by reading.
Yes. Then sometimes thoughts keep coming to your mind, so there is a phase of learning. A person learns more in adversity. So I also want to say one more thing about the market and one more thing is that unless you have seen a complete cycle in the stock market. My experience is that unless you have seen two cycles, the complete bull and bear cycles in the stock market, you are fragile.
You can eat Goda here in the stock market any day. So, within a year, you enter a bull cycle and earn money, right now even the blind people are earning money, right now everyone is earning money, in the sense, right now it is a blind market, it is a good thing but it is okay, until the cycle is complete because earning money is not that important here, in the bull market, everyone is in the bull market, my song is also there, all the geniuses think themselves to be heroes, they fall in the storm of recession and deteriorate, again they become zero, something like this is my song, so it tells us that the money earned in the bull market is earning you money.
He is giving you money. That is not your own money. That is market money. He will take the market well. 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 until you go through that phase, there is no way. You can't go and play straight away, can you? Must have played street cricket earlier. Then Anji Trophy must have been played. Then he must have played for the state. Then you go and play for India, right? This is life, this is us, till the time you don't see that cycle, you are frigid, the same thing is there in them and this Mercedes etc., what is all this, friend, I had read at one place either you can live a lavish young age and you can live a lavish old age, it depends, today some of you live with such a belief that you live for today, tomorrow and ever comes, some live for that reason also, but later there may be trouble, God forbid, but this is the cycle of life, so by saying this and there are also depreciating assets, all these things that you are talking about vehicles, these are depreciating assets, so nowadays there is a discussion about Mini Neel, whether it is rented, whether it is a rented house, whether it is a rented house, then your vehicle gets exhausted in three years, you pay by giving EMI and its value becomes half, in four days friends we will come to know that yes I have a Mercedes, I also have an Audi, what happens after that, Than Gopal
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