The 6th session is about interviewing Vijay Kedia sir to creating ultimate wealth (that can’t be taught by any random finfluencer).
The session is all about reminding us the critical rules of investing and not playing with small technical indicators.
Vijay sir started trading at 14th age where initially he was doing mock sessions with his grandfather and stock market was the only option that didn’t had any education requirements. In each bull market there’s a new sector comes with a constant rotation.
Never learn from a teacher who has done finance degrees and teaching you finance. Experience is your biggest teacher. Understand the background of any prof./mentor before learning finance.
Vijay sir’s mind work on selling the stock after many years (not in a few months). One should have a good hold in their mind as the market business is full of anxiety. Analyse your nature (once it is aligned) you can then know how much you can survive.
As per Vijay sir, pick one share that makes your big career & change your life (one of the share in his portfolio was 17 years old with 16,000 times returns).
The most important quality in market is courage (need to practice and in your DNA). Knowledge can be borrowed but courage can’t. Patience can be learned. Patience can work against you if you’ve the wrong stock, so knowledge will help you to balance these elements.
When Vijay sir invest in a stock, the stake is always more than 5%. Greed with wisdom is good and numbers motivate us to do more. Vijay sir don’t recommend daily trading or options and believes in much long term investing. One can’t make stock market as their main income source, and market isn’t for everyone.
As per his SMILE definition (small in size, medium in experience, large in aspiration and extra large in market potential) and mostly prefers small & mid cap co. (due to good flexibility). Management should have a good aspiration with a good scope.
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3 Qualities of Good Management:
A) Honest - Values before valuation (co. can’t celebrate Diwali with it’s own cash) instead celebrate with your own salary.
b) Hungry - Management should work with immense hunger daily (he/she should work just because they can’t able to sit idle)
c) Smart - Being ready for any impossibilities with a basic smartness
(hunger & smartness can be identified, but social media has made everything to know who’s honest).
Vijay sir’s decides the investment term based on how long the story of the stock is (not based on any price or time target). Fear when the story of the stock get end. Keep the stock in the mind (it’ll only occupy your mind once you’ve enough big stake). Market is all about diverse experiences.
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