🔗1st way raising capital was because of his support from his Brother who introduced to his clients. He raised 15lkhs & COMPOUNDED it to 50lkhs in few years.
🔗2nd turning point was Budget of Vp Singh. In the Morning NETWORTH was 2crs, by Evening it was 20crs.
🔗Was lucky to have company of Radhakishan Damani - Ramesh Damani & Kamal kabra from who he learnt.
🔗Risk means different things to different people. Risk is the essence of life.
🔗On Day of covid 23rd Mar, sold 400crs of shares in 2 days.
🔗Leverage has no father, mother or friends. Leverage is merciless.If you're taking risk, in case of loss shouldn't affect you emotionally.
🔗Your NETWORTH is 40000cr ? - If you can count your networth then you don't have it.
🔗Even if he has 10% of the wealth he has today, he's going to live the same life.
🔗We're middle-class people, babu log nahin hai.
🔗Goes in shorts to office sometimes as he has no customer or anyone he's answerable to.
🔗Not afraid to make a mistake which he can afford to, from which he'll learn.
🔗Was shouting in June 2020 to BUY, THIS IS CHANCE OF YOUR LIFETIME.
🔗Khud kamake invest karo khud kamake trade karo, Sasur ya baap ke paise se mat karo.
🔗What is stock market - 18% I'm a King, 21% I'm a emperor. Not chasing for 40%.
🔗Markets N cooking cannot be taught, has to be learnt.
🔗Most successful investors become post 50yrs old.
🔗Zyaada advice deneka nahin dosto ko as no one listens, they do what they feel.
🔗Always assess RISK REWARD RATIO - How much can you lose N how much upside could be seen. Eg - Tamo sales 3lkhcr was available for 25kcr was a joke.
🔗Markets are like women always commanding, mysterious, uncertain.
🔗 Everyone is saying 4cr Demat Accounts have opened, ABHI TOH AUR 80cr AANE BAAKI HAI.
🔗Rj sells stocks only If earnings has peaked Or some better investment opportunity available.
🔗What is value or how do you discover value? One may not like stock at 12pe but I like it at 20PE. Stock Market always makes excesses & finally valuations would be based on cash flows.
🔗Why don't you buy crypto? I don't want to go to every party in town 😁
🔗Why Big on aviation?
When I came to market from conservative family, they questioned who will marry you. I answered you'll have one less daughter to trouble you. They said Baap ka naam kharab Kardega, but I Proved them wrong.
Cont...
🔗So now taking about airlines, success hai toh batayenge, failure hua toh nahin maloom. But prepared for failure. Conscious of risk involved!
🔗Divestment ? They'll be on track this year. BPCL LIC CONTAINER CORP. Governement very serious about it N lot of interest from bidders.
🔗Lot of chatter in the media as to why a Stock broker meeting the Prime Minister? I pay $1.5 Mill brokerage annually at least, I'm not a broker. They only put out the picture in the media.
🔗Skill & democracy key to Nations Growth.India was 35% of world GDP in 1640, during British rule 2% & Today 7%.
🔗Sensex is going to be 5lkh but we don't know when.Coming into a phase which India has never seen. Country has 1trill of savings currently & will go to 3Tril by 2030.
🔗31% of households wealth in America is Equity & India is Only 3% currently.
I'm saying Hamara time aayega ? NAHIN, INDIA KA TIME AAGAYA HAI.
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*Rule of 72*
No. of yrs required to double your money at a given rate, U just divide 72 by interest rate
Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs
At 6% rate, it will take 12 yrs
At 9% rate, it will take 8 yrs