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DAY 407 - How business is at the fulcrum of everything happening around us?

BUSINESS needs capital to run.

Source of capital are primarily,

a) Equity (SHARE market + private equity)

b) Debt (BANK / nbfc)

To run the business, EMPLOYEE are hired

Hence, when business prospers, it brings cheers to the ECONOMY.

We can say that, among the major source of income generation which is broadly divided into three parts: Active/Passive/Portfolio/Speculative given that Portfolio is the fastest way to make money and Active is the slowest way. However, if business is not there then there will be no SHARE MARKET, JOB, BANK, ECONOMY.

BUSINESS = ECONOMY

where,

BUSINESS = SHARES/JOB/BANK

Everything is connected and flows in a circular form. With time the circle keeps on getting bigger which we call as progress measured using different parameters.

[priyank3107]

DAY 405 - Blessings of a Guru is like a nectar

I have dream in my eyes

I have Guruji by my side

Keeping all the worries aside

Life is full of surprise

I am feeling delight n alive

Blessings are showering like a light

Soul feels extremely light

Flying high like a flight

Abundance has arrived

Guru Om!

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DAY 404 - INGREDIENTS FOR AN ENTREPRENEUR

An interaction with the founder of a mid market investment banking company based out of Mumbai, India.

He asked, what it takes to be an entrepreneur/what’s the most important factor to be an entrepreneur!!

-Strategy

-Capital Allocation / Sourcing / Distribution

-Review

-Risk Taking ability

-Team management

Having an Idea, Setting a Process and focus on Execution along with Automation as much as possible moves things faster leading to growth and success.

Leverage Technology + Integrate things + Hire Skills

[priyank3107]

DAY 402 - Marginal Investors

The marginal investor in a firm is the investor who is most likely to be the buyer or seller on the next trade and to influence the stock price.

Operators cannot be mistaken for marginal investors.

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DAY 401 - Learning at workplace (Equirus)

A) Research report writing

The two main terminologies:

1. Tautology

2. Redundancy

We should be conscious about it while writing reports.

#equityresearchreports

B) Power of Visualization and positive thinking

C) Deep work | Flow state

D) Monthly Leadership meets, engaging and insights about the business and future plans

[priyank3107]

DAY 400

I was never fond of history in school. I am, now.

The difference, as I realize, has occurred due to the way the subject was taught to me in school and the way I have come to look at it over the past few years.

What I was taught in school were the details – British Rule, French Revolution, World Wars, etc. – and the rote learning that had to accompany it. In hindsight, these were important details, but somehow I never enjoyed knowing them.

What I now love about the subject is simply the concept of it, how we have come to be since humans first walked the Earth, how our thinking has evolved, and how some things have not changed at all.

About this last point, I believe there are two things that have stood the test of time, and that apply to everything we do in life, investing, work, everywhere –

1. We have much less control over the future than we hope, and that it will always surprise us (surprisingly!). We can’t control what would happen to us or our investment portfolios, we can’t control what people around us would say or do, and we can’t even fully control our own bodies, which would get damaged and sick and ultimately die without regard for our preferences. In fact, much of our unhappiness is caused by thinking that we can control things like these that, in fact, we can’t.

2. We have far more ability to make an impact than we expect. And this ability is more important than we can imagine. All it requires for us is to be learning and adapting machines, be sensible in our decision making, keep things simple, and trust the role of sincere hard work. Some people are aware of it; most are not. Frankly, it is easier to sit on the sidelines and whine about the stuff we can’t control (like stock prices) than to own up to what we do control (like our process of investing).

——————

In short, while we can’t control the future, we can be courageous enough to jump into life with both feet and take responsibility for how we would like to mold it (without trying to control it), and how we would react to what happens to us on the way.

No success guarantees here, but history proves that’s how the world has always worked.

Source: Safalniveshak

[priyank3107]

DAY 399 - *Radhakishan Damani - A silent billionaire!!!* - A must read

Early Life:

RKD was born on 12 January 1954 in a Marvari family in Bikaner, Rajasthan.

His father, Shivkishan Damani was a stock broker. RKD completed his early schooling in Bikaner.

Later he went to Mumbai for completing his Bachelor of Commerce degree from Mumbai university.

He was a business mind person from his early days. In middle he left his commerce education and started a Ball Bearing business.

Joined broking business:

After the death of his father he left his business and joined broking business with his elder brother Gopikishan.

After spending some time in broking he realized that, to make big he has to take active part in stock market.

At the age of 32 he entered in stock market. Manu manik was his mentor in initial days. Rkd learned short selling from him.

Harshad Mehta entered in 90s. Who was the the super bull in those days. He used to manipulate the stocks.

In 90s RKD made handsome money by short selling.

Once RKD was short on the market & Harshad was long. RKD panicked coz the stocks were going up. Harshad was manipulating the scripts.

But fortunately Sucheta Dalal mam exposed the scam of Harshad and due to that entire market collapsed. RKD made huge money. It happened in 1992.

Once RKD told, he would have gone bankrupt if harshad had held the position for 7 more days. But luck favoured him.

Super investor:

He understood that, short selling is very risky & to create wealth he has to invest for long term.

Then RKD came across a great value investor Chandrakant Sampat. Sampat sir used to invest in undervalued, high quality and lesser known companies.

He inspired a lot by Sampat sir. Gave up on trading and shifted his focus on long term value investing.

He made handsome money in VST, Gillette, Colgate, Jubiliant foodwork, Nestle, HUL, 3M, Sundaram Finance, Hdfc Bank.

In 1995 he was the largest individual investor in a bank. He made killing there.

He bought VST industries at the price of 85, today its trading at 3400rs/share. He still holds this.

Super businessman:

After successful career in stock market he started his third inning as a businessman in 1999.

He was interested in a retail business. He bought a franchise of Apna Bazaar in 1999. He didn't like the model and closed it immediately.

Then he went to America to study the business model of worlds largest retail chain Walmart.

He really liked the model and decided to apply it into India more effectively.

So, in 2000 he founded Avenues super mart, the parent company of Dmart.

He launched first store in 2001 in Mumbai. Daily discounts, daily savings was their tagline.

Low interior cost. No store in a mall. Purchase in bulk increased their bargaining power.

Everyday low price. They were selling at much cheaper price than competitor.

Dmart became massive hit!!!

Low margin but high inventory turnover helped them to make superb return on capital.

Everybody wanted to sell their products in Dmart, so they started charging slotting fees.

They followed slow and steady store growth strategy. RKD focused on the profitability over growth.

Till 2011 they just has 25 stores. As they keep generating robust cash flows, they slowly expanded across the nation. Today thay have 325+ stores.

Mr. White and white:

Today he is the 8th riches person in India.

He rarely appears on media. He love staying low profile.

He always wear white shirt and white. Live simple.

Thats why street use to Call him Mr White and White.

One quote of Buffet precisely applicable for him,

*”I am a better investor because I am a businessman, and a better businessman because I am an investor."*

[priyank3107]

DAY 397 - Gautam Adani by RN Bhaskar

This book sheds light on all that we have never known, but should know, about Gautam Adani. It delves deep, detailing a range of fascinating anecdotes from Gautam Adani's life, illuminating his early childhood, his initiation into business, and the learnings and opportunities he exploited.

I watched Mr Bhaskar’s interview on youtube channel, it was so fascinating the way he was telling the stories about Mr Adani that once I completed to watch the video, ordered the book from Amazon.

[priyank3107]

DAY 396 - Psychology of Money

The psychology of money explores how our emotions, attitudes, and behaviors are influenced by financial decisions and wealth. It delves into topics like financial anxiety, spending habits, investment biases, and the impact of upbringing and culture on our relationship with money. Understanding these psychological factors can help individuals make better financial choices and develop a healthier relationship with money.

I gifted this book to my colleagues, it feels incredibly satisfying to share what you learn.

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DAY 395 - BIRTH/DEATH, PAST/FUTURE

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DAY 394 - Get Rich

Things to do to get very rich:-

1. Write books

2. Sell online courses

3. Start a PMS/MF

4. Advisory services

5. Webinars and seminars

6. Conducting Interviews

7. Personal Mentoring

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DAY 393 - Unlimited choice of Digital Content

Modern day choices:-

Movie

Music

Series

Documentary

Podcast

Webinar

Interview

Tv shows

Newschannels

All this is available with a single touch through various platform like Amazon, Netflix, Hotstar, Spotify, Webex, YouTube, Tatasky, JioTV, Airtel Xstream, Etc.

Shift is happening from Tv screens to mobile screen and going forward wearables will take over this current trend.

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Day 392: December 2017 Gallery Visit - Few Ways to a Million dollars...

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DAY 391 - The Ten Maxims

1. Rise before dawn and offer your prayer and meditation at a fixed hour, preferably competing them before sunrise. Have a separate place and seat meditation. As far as possible, develop the habit of sitting in one and the same pose. Give special attention to purity of body and mind.

2. Begin your meditation with a prayer for spritual elevation. Offer your prayer in such a way that the heart is filled with love.

3. Fix your Goal, which should be complete oneness with God. Rest not till the ideal is achieved.

4. Simplify your life so as to be identical with Nature.

5. Always be truthful, accept miseries as coming from God for your own good and be thankful.

6. Know all people as thy brethren and treat them as such.

7. If you are feeling wronged by anyone, do not wish for revenge. Instead, think this comes from God and be grateful.

8. Be happy to eat in constant Divine thought whatever you get, with due regard to honest and pious earnings.

9. Mould your behaviour and way of living to such a high order as to rouse a feeling of love and piety in others.

10. At bedtime, feeling the presence of God, repent for any wrongs committed. Beg forgiveness in a supplicant mood and prayerfully resolve not to allow repetition of the same.

Content Credit: Mr. Udayan Jain, Member of Heartfulness

[priyank3107]

Day 390: Responsibility and Needs

There are three types of People in this World:

1. Sad: Don’t take responsibility and have unlimited needs

2. Struggle: Take responsibilities of everyone and have unlimited needs

3. Happy: Take responsibility of what is required and have limited needs

#ArtOfLiving

#Gujarat

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DAY 389 - How to be in a flow state at Workplace?

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DAY 388 - One Minute Manager