I enjoy meeting people who have done incredible things. One of the best ways to succeed and keep learning is to associate with such people. Success, knowledge, happiness and wealth have a way of rubbing onto all those who surround it.
I recently met one such person, who is known as “The Chameleon” amongst a very small circle of investors. I met him through a common friend known to both of us.
He is nicknamed The Chameleon, because just like a chameleon he is extremely adaptive and can change his actions according to the environment he is in. He isn’t a bear nor a bull, but a new species of investors called “The Chameleon.” who can change his colours almost instantly.
According to my friend, the Chameleon was a very secretive and private person who started investing over 20 years ago when he was unemployed and had very little money. He was thirty at that time and started from scratch. Most successful investors are people who started with very little and learnt along the way. Someone who has seen challenging times, values money much more and respects it.
Now at fifty, he had made a vast fortune based on the knowledge and techniques he had mastered. Since then he had moved out of India to London and was extremely reclusive and also went out of his way to make sure the media doesn’t get to know about him or what he is doing. Part of the reason was that he didn’t want to reveal his investment secrets and style. His secret to success was his secrecy. For example while people like Goldman Sachs and Lehman were buying crude oil at extremely high levels, he was shorting/selling it. As crude fell he made a small fortune within a very short period of time. He told me he had developed a simple strategy that worked almost all the times, because it was so rare. Nobody knew it and this increased his chances of success.
As I had mentioned he wanted to meet me after reading Happionaire’s Cash The Crash, however the reason of his meeting seems very interesting and maybe even a bit odd. He liked the book because he said it connected with him, he didn’t have a fancy finance degree and even at one point in his life he had made huge losses, was unemployed and confused but decided to not give up hope and keep trying.
According to him, behind the simple and entertaining language there were hidden secrets and messages regarding investing and global politics in the book. I for instance spoke about a company with large free assets and huge amounts of cash, which was available much cheaper than all those assets. Investing in it is like buying a Rs. 10 note for Rs. 3. He did some research and was able to find that company out on his own. Even though I have got numerous e-mails from people who read the book asking me about the company, he was the only one till now who was actually able to figure it out and has made decent profits by investing in it, he told me he is confident that the company will be a 8-10 bagger in coming years, i.e. 800%-1000% returns.
He said one more reasons he has done well in the world of investing is because he isn’t afraid to take action on the information he has. Most people take action, only when people around them are taking action. Such people rarely succeed when it comes to investing.
He further added that my analysis on gold, even though very accurate, made him believe that I knew more about the international situation of gold and I wasn’t revealing all that I knew openly. He very openly stated that he believed gold prices to double in coming months because, America doesn’t really have the gold they are claiming to have and the world is going to be shocked by such revelations. He had proof to believe that the supply of ‘real/physical’ gold is much less than a few people believe it to be. He was taking positions in gold – physical gold and not even ETFs as he didn’t trust them at the moment. He too felt that the present rally in American stocks was artificial, but the coming years are going to be extremely good for India.
About his accusations, there are a few things that need to be read into written between the lines, but then almost everything in the world is that way. People who are able to read between the lines and see what most others can’t always have an edge over others. This holds especially true in the world of investing.
The Chameleon shared some very interesting philosophies, which now that I think of are pretty accurate. I will share them with you soon; however a small blog post wouldn’t do justice to all that I got to learn.
Our last post, got fellow Happionaires like Sachin Wagal and Surender Bhavnani sharing some interesting views. I will share my views on what they have said in soon.
What Readers Are Saying About Cash The Crash:
"I recommend this to those who have lost money in share market, to those who have lost job (and aren’t able to find another), to those who are still waiting at the shores for the ‘next slumdog millionaire story’!" - Ashish Sinha, Founder, Pluggd.in
"This book is a financial bible for people who believe in growing their money by research and believe in India’s growth story." - Amar Deep Singh, Stock Market Guide