Saturday, December 27, 2008

Are You Optimistic and Opportunistic?

Firstly let me thank all of you for making Happionaire Ki Tarhe Nivesh Kare a success, just like the English version. God is great. I'm glad so many of our Hindi readers liked it and it feels really nice to make new friends from people across the country. I want each and every Indian to be financially literate and take control of their finances. I'm sure together we can make this happen. It would be great if we could spread the Happionaire message in several other languages too.. Tamil, Gujarati, Kannada, Bengali, Telgu, etc...I feel there are millions of people other there who would love to be financially literate.

There are two types of people in this world. The first are the ones who are always pessimistic about each and everything. They hate life and always think the worst is going to happen. No matter what you want to do, they will tell you “That can’t be done.” and “That is impossible.” I’m sure you must have encountered a lot of such people.

Especially in times like now, these people start speaking even more. They keep talking about how bad the world economy is and how millions of people will lose their jobs. They keep talking about how the world is headed for doom and how everything will collapse. Lehman Brothers went bankrupt, Bear Stearns went bust, Real estate is in trouble – so most probably you are going to be in big trouble too according to these ‘pessimists.’

Unfortunately most people are this way, and even if they aren’t they let pessimists tell them what is possible and what is impossible. These are challenging times, but every challenge also brings in an opportunity in disguise.

On the other hands is a very small minority who are optimists and opportunists. These people look at the global economic crash, economic slowdown and recession as one of the greatest opportunities in history. Very few people actually know that 1929 was in fact one of the best years for a small minority. The crash of 2008 and 2009 present such people another great opportunity. This opportunity isn’t only about buying cheap stocks and cheap assets, but also about new ideas.

I see the US dollar crashing as it is the most oversupplied commodity on the planet, and we can certainly see many more problems in America. The old world has collapsed, but this also means that there is a great opportunity for a new world order to be established. It means that we need new entrepreneurs, investors and businesses to take the place of the old. We in India have this opportunity in front of us.

People who are ignorant and pessimistic always miss out on opportunities. Simply watching the index isn’t what a smart investor does. For instance a stock like HPCL, was at around Rs. 180 when the Sensex was at 14,000 levels. However after the market fell by over 40% to 9,300 the stock was at Rs. 280.

This means even though the Sensex fell by over 40%, the stock went up by over 50%. Just a few years ago there was a time when Bank of India could be bought for barely Rs. 11, even now after the correction it is priced at Rs. 280. Most people forget that immense amount of wealth has been created by a small minority, who invested in the previous bear market. What I am saying isn’t just something out of thin air, but something I have personally experienced and benefited from. There are many such instances on how, times like now offer lots of potential and opportunities.

People who create wealth are people who look for solutions every time there is a problem. Sunil Mittal, of Bharti Airtel provided the solution of being able to use a mobile for Rs. 0.50 paise a minute. Before that it cost Rs. 32 a minute. He brought about a revolution which empowered millions of Indians and at the same time created tremendous amount of wealth for him.

Dhirubhai Ambani, Ratan Tata, Bill Gates all have been people who have provided a solution or an improved way of doing things.

You can’t be a successful at anything if you aren’t optimistic and opportunistic! This is something I have always believed and experienced throughout my life. In fact some of my best successes have been a result of crisis, problems and challenges.

It is hard at first, but it is also brings out the best in us. Don’t let temporary losses, hardships, failure and challenges break your spirit, ambition and desire!

I finally finished writing the next book under the Happionaire series. It is called Happionaire's Cash The Crash. I really enjoyed writing it and will share more about it soon. This book is my way of saying "Thank You" to all of you for your love, support and passion for investing, creating wealth and spreading the Happionaire way.

Keep smiling and happy wealth creation!

Yogesh Chabria

Are you an optimist or pessimist and why? Share your views here.


Anonymous said...

Congratulations for the success of the hindi book. I had read the english one, and was sure this one would do well too.

I am also very glad that finally you completed the next book under the Happionaire series. Even though ITHW was a great start, it made me have several questions. Am really looking forward to Happionaire's Cash The Crash! Very catchy title by the way. Am sure will be another super bestseller!

I read your article in the Economic Times the other day. Must say the Happionaire magic is spreading fast all over the place!

Happy New Year!

Anonymous said...

Happionaire's Cash The Crash! Sounds something I would love to grab!

Looking forward to getting it! :-)

Anonymous said...

I liked your first book. But for the next one I suggest please increase the distribution. Even people in smaller towns love your writing and views on the stock market.

I'm an Optimist for sure. In a country like India, only people who are optimists will make money. Even short sellers and short term pessimists and long term optimists.

Anonymous said...

Great news!!!!!!!!!! Though always knew that...just like stating obvious....loved reading ITHW....and now...can't..wait for...Happionaire's CTC......going to rock for sure!

Optimistic is the best...picked up some value stocks..and made around 40%...but exited new years..guys...2009 looking fwd to it....when can i grab copy of Cash The Crash in stores? Please..make it fast....also...looking to know some..analyssis...stuff...!!!

Gopinath Mavinkurve said...

Yogesh, Congratulations for the success of your Hindi edition and great to hear about the next book Happionaire Cash the Crash! Markets are driven by greed and fear. It is strange to see how youngsters get attracted for short term gains @ peaks and run away once the meltdown begins. Getting investors to have a longer term view itself is a success by itself. Even those who set their eyes on long term eventually want to chase the "bottom". Dont we hear this question put to experts daily on TV - "Have we bottomed out? Where is the bottom? Is the bottom behind us?" Of course it is! (Ha Ha)

Sathya said...

Hi Yogesh,
I really liked ur fist book..grt to know 2nd is on its way:-)I am asure shot optimist.. I just finished reading the book The Secret. Then your book, now im on my way to The intelligent investor.. I am takig my time to invest in knowledge. I sure know im going to be wealthy big time. I can see myself that way :-)I am tired of working for money. I want loads of time with my family and my 8 month old son.. I am currently at home with a slip disc!!im supposed to be in bed.. but i saw this as a god given blessing to do one of my favoite things!! READ!! coz i have been keen on understanding stock markets but dint find the time..ive been home for 2 weeks now and i am doing a lot of reading.. i know my knowledge base is building and ur book has added to my knowledge depot !!:-)Waiting for ur next release..
(( A Millionaire in heart and mind already.. soon to show in bank a/c as well :-) )

Anonymous said...

Yogesh your words as always are very very inspirin and motivating. Congratulations for the success of the Hindi book and also just like all the others I'm eagerly waiting to get and learn about Cash The Crash.

I liked your post very much Gopi and Sathya. I think minds alike think alike.

I hope you get well soon my fellow Happionaire and i'm sure if we buy assets now - we will be much wealthy in next 3-4 years when next bull market starts.

The intelligent investor is one thing i don't agree that much with Yogesh. It was suggested by him, but it is very complicated to read and i suggest Yogesh re-write the entire book for all of us to make it more easy, fun and understandable for Indians. i know many people might not agree with me, but come on really that book is very difficult for newcomers to learn and doesn't connect with my heart.

Happy new years and lots of love to all!!!!

Sathya said...

Sure it would be great to see a simpler and more fun version of the Intelligent investor..So when are you starting Yogesh bhai? :-)

Anonymous said...

Actually Geeta, you stole my words! I tried very hard to read it, but couldn't finish it. Yes, Sathya I would surely want to read such a book! And bhai, hope you get well soon :-) and have millions in your account too!

Waiting very very very eagerly for Happionaire's Cash The Crash. I would like to know all that can be done to benefit from the opportunity now.

Am an optimist for life!!!!!

Gopinath Mavinkurve said...

Yogesh and fellow Happionaires, I would like you to read my latest post - link here

Thanks for your appreciation as always!

Sunil said...

This again is a good article sir... very logical ... as they say that "Best of the Investments are made during worst of the times", in times like this it holds true.
Its good to know that you are coming up with next book in Happionaire series, (I wasnt expecting it so quickly) I hope this time ur book is at an INTERMEDIATE level and it touches some cpmlicated topics, explained in a fun way.
I am eagerly waiting for the release of your new book.

The Happionaire™ Blog said...

I hope you get well soon Sathya. Health is very important and we need God's grace for it and need to take care of ourselves.

Regarding The Intelligent Investor, yes I too have got lots of e-mails from readers who told me that they found it difficult to understand. I have a few personal notes which I made, while reading the book several years ago. Whenever I get the time, I will try to share something simpler with all of you. I have included a few basic principles in all our other writings too though.

Take care and keep smiling!

Yogesh Chabria

Anonymous said...

I am in touch with Indian share market for the last 8 years through ELSS, SIPs in MF. For the last 8 months I am investing in equity market after reading sevral articles on the market. During that search I came to know about one company who is giving tips after payment. But success was also not there. I have lost upto 20% of hard earned money there. When contacted with that tips giver company they informed me that there is no time limit for growth of share. One day during that search on I came to know about happionare and read full book in one reading. This gives me lot of sense to understand the market, how to invest, where to invest and why to invest. Now, on the basis of recommendation made in the book I personally choose the share and earn profit. This book give me a way to invest safely, securly and efficiently. Thanks for your contribution towards educating the community. {Arun Pal Singh, Mehatpur, Una}