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Abhishek Kar
@Abhishekkar_
, 6 tweets, 2 min read Read on Twitter
Story of a friend:
Don't wanna name him as I respect his privacy.Just to introduce,he manages funds for offshore clients with a corpus in crores & got elite clients in Mumbai/Delhi. Last expiry cumulative of all accs he made 16.7 Cr!You can just imagine the corpus size with that.
Now for disbelievers,ignore as I care a fig if you don't believe on the figure.Continuing his incident,its wasn't the first time he minted so much & has survived several shockups in markets. Yesterday, cumulative he lost of his clients 37cr+!Scary isint it?
Honestly I suspect the figure is more & some values has been hidden. The point here is not to talk about why options are risky or why you shouldn't leverage but because of what happened with him next. Since he had particularly wiped of 50% of cap in some accs,client drama starts.
He receieved several calls which he tried to ignore.He was handling a folio of a big politician too who threatned him to payback principal amount within a week else face dire consequences(here ofcourse I don't mean legal,you are grown ups). The issue was politican had joined just
A week back & was excited post Thursday gains but equally devasted after yesterday's debacle. There was another diamond merchnt Surat who sent 1 of his dealers(who stayed in friend's town)to meet & force the friend to recover ASAP. Long story short,anxiety attack,now in hospital.
His family is concerned as he was under deep stress.I don't know the exact issue but seems serious.
Lesson:
All who aspire to be money managers in future,it looks v green from outside,but it comes with it's on perils.Everyone isn't meant for it.
Trading needs knowledge+LION heart
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Abhishek Kar
@Abhishekkar_
Read the full thread and you will learn something interesting :
-Reliance was a 99K cr empire in 2005 when the feud between 2 brothers became public.
-The private conflict became public when the annual report released had both Mukesh & Dhirubhai Ambani's photo but no Anil Ambani.
-Did you know after the division,Anil became 3rd richest man in India surpassing Mukesh Ambani.
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Abhishek Kar
@Abhishekkar_
For those who wish to be fund managers in future,here are some key points which you need to consider:
1- Have passion
Dont be in the fund managing business just for money,have passion of managing it and generating alpha.

2-Build your network
Not social media one but a real one.
3- Read
Its a high paced world & knowledge is power. To stay ahead in the curve & beat index returns,you need to do it.
4-Make time for yourself
No doubt you wish to grow a business but sometimes taking off helps in building better prespective.

5-Excercise
Fund managing is stressful & excercise helps in generating endorphins i.e. happy hormones. It also helps in thinking clearly.
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