How Death, Losses, and Sorrows approaches a Man? Must read for every investor

4^th June 2020

How Death, Losses, and Sorrows approaches a Man? Must read for every investor

Dear Fellow Travellers,

Pranaam from Hitesh! Our last post on three sure-shot sources of Money was super hit with our readers. They could read between the lines and many gave me good feedback. Yesterday, we dealt with Money, today we are dealing with the most avoidable topic – Death – Losses and Sorrows. If you have enjoyed about Money, you must not miss about Losses of the same.

Let me share a meaningful story before that.

Death appearing in the DREAM: -

This is the story of very old time. Once a death came in the Dream of a Vazir in the wee hours of the morning and told him that today evening he will die. Vazir was panicked and lost his sleep. He went to take drastic actions. So, he went to the King early in the morning and told about the DREAM. He was very loyal and efficient to the King and Kingdom. So, he said – you take my best Horse and run away from the city as far as you can go.

Vazir, without waiting for a second – went to the Horse Stable and picked up the best horse. He started running towards another city. He didn’t wait for water or food. He just kept running and by the time of evening he reached to the new city. He was happy. He patted the horse for bringing him to the new city without delay. He was excited and happy. He started relaxing under the tree.

Suddenly he saw the face of death which came in his Dream last night. Death was also happy to see him. Death said – your death was written in this place. You were away from this place and I was worried – how will you reach this place? So, I came into your dream!!

In his excitement and panic, Vazir forgot to ask one simple question - has the death come and informed beforehand ever to anybody who died? These simple questions would have saved him.

The single cause of Death / Losses and Sorrows

Over the last 29 years, I would have dealt with N number of individuals for investments, astrological and other services. The one thing which I have observed with the seasoned guys and normal guys is that seasoned guys always looked boring, poker-faced, and slow movers in taking actions. Normal guys were always excited, happy with the dream of making easy money, and jumping for actions.

When IT stocks were moving one side in 1998-1999, Buffett didn’t touch a single stock. Rakesh was a big short in India at that time. Wall Street was full of talk that Buffett has lost the grip on the market. Rakesh made Rs.4000 Crs in that mandi. Most investors were happy with Rs.16000 Infosys / HFCL Rs. 2200 and other K-10 stocks. In their excitement, they lost heavily by not selling them.

From 2004 to 2007, Rakesh did not buy single shares of INFRA companies like DLF or Unitech which hit the roof and multiplied the money like anything. I remember many guys who had bought Unitech at Rs.4- Rs.10, did not sell a single share in the excitement of more and more profit.

Today also I see Normal guy is excited about Reliance and Jio Platform listing. They are talking about all big guys' investments in Reliance. Many senior guys would recollect that in 2006 May – Reliance Petroleum was listed and the market had hit the lower circuit.

Investment is the most BORING activity one can visualize. There is nothing to get excited about it. There is no FREE LUCNH. Many guys spend a lot of time watching Media guys and their tips. They become excited that so and so has given this call. He can’t go wrong. They just go buy and then what happens you know.

How do I think when something is available for FREE?

Say you are doing a business of Kirana. Will you give Parle G pack of Rs.5 free of cost to anybody? Forget about other high-value items. If at all you give it today, how many days you will give and how many people you will give?

If you are not giving anything FREE from your shop – why do you expect the other guy to give his things/services FREE of cost to you? If he is giving and if you are happy – then you must remember this advice. “When you are not paying for goods or services – you are not the customer. You are the product”. It means they will manipulate you sooner or later.

These guys are getting lakhs of salary from their respective channels and they are giving free advice from 24X7. Why? What is their gain? What is the channel’s gain? Most guys don’t have time to think like this. For normal guys – FREE is the BEST.

When you listen to them next time and get excited to buy those shares – remember the VAZIR and his DREAM of DEATH. Death had to come in the DREAM so that VAZIR can go to the place of DEATH. Can you relate something like this with Media Analyst Recommendations and your Losses?

What is Munger’s Advice?

Know where is your DEATH and don’t go over there.

If you have suffered death in terms of losses or sorrows by doing something in the past. Don’t repeat them now, at least. Stop.

Munger and Buffett have always stick to their area of competency while investing. They never invested in stocks or businesses which they found difficult to understand. Their success is coming from their SELF KNOWLEDGE.

Can we help you in your journey to know yourself?

We are teaching our online course – which can help you know yourself in the BEST way and IMMEDIATELY. You need an investment of just 6 hours. If you are interested to know more about it – WhatsApp me.

Thanks for being my regular reader.

Follow me on Twitter @hiteshmparikh / WhatsApp – +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh