"Be fearless and pure" – Lord Krishna
That is one of the most powerful and beautiful things I have even read and it will help every investor to follow.
When I was writing Happionaire’s Cash The Crash (CTC), I remember writing in details how I was analyzing Indian Hotels (Taj Hotels) as the stock price had fallen due to the unfortunate terrorist attacks. I was personally buying Indian Hotels at around Rs. 36. I’m sure everyone must have read that and learnt how Balance Sheets and assets can be analyzed and studied. I exited most of my holding at Rs. 100, it was a classic case of value buying and surprisingly returns were got much quicker than expected (in around a year).
The reason I shared it in CTC for the public was not because I wanted to give tips, but because it was one of those opportunities that everybody should look at and learn from. The same way I had shared my views on Gold when it was at around Rs. 14,000 levels, not because it was a tip – but because anyone observing the world would have realized where things are heading. For instance now I will suggest everybody to read and learn about silver and see how it has moved over the years. The same thing that is happening with Gold, might happen with Silver. While Warren Buffett has known to not have too much liking for gold, I think we live in very dynamic times and need to adapt to a changing world. For instance 20 years ago, nobody would have believed you could invest just with the click of a mouse button.
I’m sure there might be many people who wouldn’t have made investment decisions out of fear and a lack of knowledge. People who might not have bought gold when it was at Rs. 14,000 or maybe would have missed investing in value stocks during the Crash.
One of my friends got very nervous when I told him about Indian Hotels, because he had heard analysts on business channels telling him how the company was doomed. He had a sizeable investment, which we sold in a panic at a loss. Had he held on, it would have been one of his most rewarding investments.
It is fear that makes people lose so much not just in investing, but also in life. A young boy who doesn’t profess his love, might lose a wonderful partner because of fear. A businessman, who doesn’t isn’t bold enough to speak about his product out of fear, might miss out growing. Someone working in a company who doesn’t get a well deserved promotion or raise, needs to speak up and demand what is rightfully his. A investor might miss out an excellent opportunity just because of fear. What is the use of life if it is constantly lived in a state of fear?
The only thing to fear is fear itself; because once you allow it to take control of your life you are sure to be doomed. I don’t want any of our Happionaires to ever fear anything because nobody can live a really happy and fulfilling life in fear. Every time we feel fear entering us and stopping us, we just need to close our eyes and think about God and how he is protecting us and on our side. Automatically fear will disappear.
Whenever I want to invest in something and am hesitant, I close my eyes and speak to God. He always gives me the right answer. Try it and with time, you will realize that God never lies and will always give you the right answers. Infinite knowledge is within us and even the greatest scientists in the world have accepted that we as humans barely use 2-3% of our brain power. Most people use less than 0.1% of their inner sub-conscious power. Let us try to tap into our energies within and speak with God.
I wish more finance courses, colleges, schools and MBA institutes taught students about the power of listening to God when in doubt and in fear and speaking to him. This would solve a lot of problems the world is facing. When I talk about God, I am not talking about only a particular form. You could be believing in any form of God. He is one and the same.
When God is on our side, we need to take actions without over thinking and without too much fear. Do your duty and don’t worry about the fruits. My prayers are with all of you to make sure that you investments are all profitable and happy!