The system created 250 Millionaires in the USA by 1984. (In today’s currency they are multi-billionaires).

 

5th January 2021

The system created 250 Millionaires in the USA by 1984. (In today’s currency they are multi-billionaires).

Dear Fellow Travelers,

Namaste! The first post was on finding the inner callings. If you have done that – then this post is showing you the way to fulfill your desires. This post can change your financial destiny forever if you follow it in 2021 and beyond.

In my 30 years journey, I have found people want to do difficult things to boost their ego. If you give them something SIMPLE – they are not ready to follow as it doesn’t challenge their Ego. I know a person who was hell-bent to do Shirshashan and not Pranayam. His logic – everybody can do Pranayam but very few are able to do Shirshashan. So, ego-boosting was the case instead of practical utility.  

If you have taken the first step of knowing your inner calling – then you will not waste time in EGO satisfying exercise. We will go for the Simple and Fast way.

USA population was 268 million in 1984 and had just 250 millionaires. All had one common similarity.

Buffett had shared a beautiful example of COIN FLIPPING in 1984. At that time the USA population was 268 million people. This is worth understanding for making tons of money.

"I would like you to imagine a national coin-flipping contest. Let's imagine all 268 million people in the United States are asked to wager one dollar on their ability to call the flip of a coin. "If they call correctly, they win a dollar from those who called wrong." After each flip, the losers drop out, and on the subsequent flip, the stakes multiply. Each person has a 50-50 chance of calling each flip and approximately half of the people will lose and drop out each round. After ten flips there would be approximately 260,000 people that had successfully called ten consecutive coin flips. After 20 flips, based purely on chance, there would be approximately 250 people that had called 20 consecutive coin flips - a seemingly miraculous feat. These 250 people would have more than one million dollars for going right 20 times”

 

Buffett explains that the common link in the above 250 people is not luck or skill or technical analyses. Simply they followed the GRAHAM AND DODD Value investing principles and that is the reason that they made so much money.

Why people Ignore Value Investing in Practice?

Value investing is knowing the true value of the company. If the price is lesser than the company value – one can go for the same. This is the most logical and simple way.

The biggest problem according to me is a lack of knowledge of self-value. When a person is not aware of his own value – how come he can value others or company?

Just look at the way a person evaluates his life. He values himself in comparison with his office colleagues / his friends / his neighbours / his relatives / his income or his religious upbringing. His decisions to buy a mobile, car, vacation, and almost anything are shaped up by the above people around him.

It means a person is not able to see his real value himself. He remains in illusion about himself. He feels happy if another person or society tells him he is successful or he is happy. I know quite a few top working executives who evaluate themselves based on the increment their HR gives them each year!! This is a very pathetic situation and the person who acts independently 100% true to his own value is seen as Mad / Outliers or Brainless. The fact is this kind of people only create something of value for the society or for themselves.

What about making money in 2021 and beyond?

There is no short cut to make money. Those who have followed short cuts paid the price in terms of health/stress / relationships and bad name. The most pathetic is – they could not enjoy this ill-gotten money.

Start with your Self-knowledge. Your thoughts about you are not your Self Knowledge. You need to know yourself in true colours. Your spouse, if you are married, or your mother can give you the most honest feedback about your true self. They are most reliable as they love you the most. Take the help of your friends. Go to your chaddi-buddies rather than your professional colleagues.

You can take professional help also. But this is the most important step in making tons of money. I have seen people who don’t know what to do with the money they have earned without self-knowledge.

What is the connection between Value Investing and Self Knowledge?

When you know your own value – it will become easy to evaluate other person or company’s true value instantly.

If you are cooking rice and if you want to know whether rice is cooked or not, you just take one grain of rice and you can judge about the total pot of rice is cooked or not. The same thing will happen when you start with Self Knowledge first.

What about other methods of Making Money?

Buffett is the smartest of the smart. I am really grateful to him for sharing his learning with society. I am sharing my one-basic learning from Buffett.

If you are in tension/stress or excitement of making fast money while you are investing or trading, you will be in tension and stress while spending those monies or by keeping that money.

I have checked the long history of stock market players who followed other methods and made tons of money. I found them having the above results without fail. Look at the story of Harshad Mehta and Ketan Parikh.

But those who followed Buffett – live a long and healthy life. They have good relationships and they enjoy their money. They have a good name in the market also. But the most important is – they have the most money!!

What Next?

Start with your self-knowledge in the journey of wealth creation. You will have tons of money with peace of mind.

If you need our help in instant self-knowledge through oriental sciences or value investing – you can approach us ASAP. 

Have a Great 2021.

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

 

Live With Passion…Invest With Passion.

 

Hitesh Parikh