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Hello. You must have heard the name of veteran investor Vijay Kedia. His incredible journey is not just a story but, frankly, a masterclass in wealth creation. How did a 19-year-old boy who had no experience in the market become such a great expert in the stock market? That's exactly what we're going to decode in today's explainer.
So let's get started without any delay. Now the biggest question is what separates those who lose everything in the market from those who create immense wealth that lasts for generations. Let us understand this a little deeper. There is a very famous saying that 90% of people lose their money in betting.
Look, this is not a fantasy but a very harsh truth and the interesting thing is that the journey we are talking about today also started with this harsh reality of short term trading. The first part is the attraction of betting. Now the question arises that why does future trading or what is commonly called speculation, attract new investors so much ?
The reasons for this are very clear. The first thing is that no special capital is required in the beginning. In those days, the clearing cycle was of 15 days. This means that there was enough time to repay the money. No formal education is required for this and the most dangerous trap is beginner's luck.
In the beginning, one gets lucky a few times and starts considering himself the conqueror of the market. The second part is the worst phase, i.e. falling into the abyss. If we look at his initial journey, he started future trading at the age of just 19. In the first few months, due to the same beginner's luck, money was made very easily.
But then came that terrible crash. Suddenly, a huge debt of ₹35,000 fell on his head and the situation became so uncontrollable that he had to sell his mother's jewellery to repay the debt. Imagine what a huge emotional blow this must have been. And then came a moment that could truly be called rock bottom.
Only ₹14. Yes, only ₹14 were short. That too to buy a simple carton of milk for a small child. This was the most extreme and most painful extent of that financial collapse. But this painful situation taught a wonderful lesson. It is said that when a 6-month-old baby falls, he does not just fall. He learns the law of gravity and how to stand on his own feet.
Just as the initial and painful financial setbacks are very necessary. Why? Because these shocks teach the most important lessons of staying in the market for a long time. Part Three: Comparison of mental and financial capabilities. Here a very interesting comparison emerges. On one side is mental ability i.e.
patience, resilience and the power to learn again after falling and on the other side is just financial ability i.e. your starting capital and the blind race to become rich overnight. The truth is that if the mindset is not right then all the capital is completely useless. So what exactly is the meaning of this psychic ability ?
It simply means the psychological strength that helps maintain investment even during heavy market fluctuations. Learning from early mistakes without panicking. See, a speculator can win nine out of 10 trades. But if he does n't have mental discipline, he will lose everything in the 10th trade because of his greed.
This is absolutely certain. So how did the change begin now? After seeing Mahesh's seven-line advertisement in a magazine, he invested ₹35,000 in Punjab Tractors. Note that this was not a speculative venture but a very solid long-term investment. And when this investment increased 5 to 7 times, this is where the belief arose that instead of speculation, one can really create huge wealth through right investment.
The fourth part is the Wealth Marathon, i.e. the long race to build wealth. There is a huge difference in the thinking of a day trader and a long term investor. What happens in a 100 meter sprint? A person gets nervous at every step. You are out of breath and your entire focus is on the next 10 meters.
But building assets is a 34 km. It is a marathon. This is a calming process. In this the focus should be straight on the finish line. Where minor ups and downs on the road can be easily ignored. Now see the impact of this marathon. Let us take the example of Sara Sanitary Ware. It was bought at ₹30.
Within a short time, it reached ₹125 and then crashed back to ₹30. Just think, most people here used to panic and sell but that did not happen here. It was put on hold. Then only ₹175 was received as dividend and later its adjusted price reached ₹8,200. And what was the final result of this immense patience?
₹1,000 times return. Yes. The value of the investment of Rs 16000 has increased by 16,000 times. This is not a miracle but a direct result of that same steady marathon mentality. This idea about luck is very profound. Fate saves you just so that you can learn a lesson. But that lesson protects you next time.
No luck. One cannot always rely on luck in the market. In the long run, only experience and the lessons learned from it are useful. Part Five: Leaving Regrets Behind. Investing regret has become a lifestyle disease. Hey friend, did you sell it too quickly or should you have bought it a little earlier?
Constantly worrying about this is a very toxic mindset. To be honest, this thinking can ruin the entire investment journey. It should be abandoned as soon as possible. And look, even legends make mistakes. Look at this recent incident, GMDC stock was bought between ₹30 to ₹40. But then he listened to the pessimistic advice of a former officer and sold it for ₹160-₹170.
What happened next? The same stock had to be seen going up to ₹380. What lesson do we learn from this? That is, always trust your own research instead of external experts and even if you make a mistake, move on quickly without regret. So what is the gist of this entire journey from speculation to real wealth creation ?
Here's the ultimate checklist. Always invest wisely. Do not waste your precious time on rumours and tips. Remember, investment is completely a business of knowledge and patience. Learn from your experiences and always do your best. So now at the end of this explanation I am leaving a very important question.
What have been some bitter financial setbacks that have shaped your own Wealth Marathon? This is a question that deserves deep consideration. Thank you so much for joining us for today's explainer.
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