Covered more than 1000 km of Rural Gujarat & Maharashtra during the last 4 days. Visited multiple MSME companies across length & breadth of Western India. I realised the work culture and eco system is changing. This reminds me of the dialogue in a popular movie “Aam aadmi sota hua sher hai, ungli mat kar, jaag gaya toh cheer phaad dega” How important it was for a country like ours to realise the potential of being self reliant.

Just like an Entrepreneur, Investing is an isolated journey at the beginning, but you need to make sure you are not abandoned from rest of the world and caught in an echo chamber (far away from reality and caught in perception world) Wealth creation gradually happens when the majority accepts the idea by seeing the execution pan out. Most of my Portfolio is in microcaps n SME stocks. I have tried to share some of the common features observed by me while investing in such microcaps.

In investing there is no easy way to make money. If at all there is, it’s not repeatable.
The ability to discipline yourself to delay gratification in the short term in order to enjoy greater rewards in the long term, is under rated. One has to commit mistakes, experience the drawdowns multiple times, go through gut wrenching feeling of loneliness to enjoy the fruitful rewards. I invested in Kingfa during 2014 at Rs 40/- In a span of 8 yrs, the company created 32x returns for me.

Why Investors are not able to ride their multibaggers even after identifying it at the early stage ?

After the initial price rally, there comes a phase where the mgmt does everything right, prepares a road map to fuel the next round of growth, next round of capex is in progress fruits of which will reaped over the years to come.
Meanwhile during this period the stock price move in a range, investors who are used to upward price movement loose patience during these periods of consolidation and sell too early.