“Go, Kiss The World”. Let us learn from Mindtree founder Mr.Subroto Baghchi
7th August 2023
“Go, Kiss The World”. Let us learn from Mindtree founder Mr.Subroto Baghchi
Dear Fellow Travelers,
Namaste! There are tons of inspirational stories in India. Today we are going to learn 13 lessons from Mr. Subroto Bagchi. He started a journey from a small town and he reached the top. He founded a company MINDTREE. He has written his BIOGRAPHICAL book – GO KISS THE WORLD. I am sharing his lessons from the same book.
Origin of – Go, Kiss The World: -
Mr. Bagchi’s mother was sick in the hospital. He was going to the USA. So, he went to meet his mother in the hospital and kissed her forehead to say Goodbye. She said – “Don’t Kiss Me. Go and Kiss the World.” So, the title of the book comes from the last wish of his mother or the blessings of his mother. Let us learn his lessons. I have tried to add an investment perspective to his lessons to make it relevant to the investors.
1. It’s All In the Mind: - Everything we start with the mind as a dream / as an idea. If we believe in that idea very strongly enough and if we are willing to take massive actions on the same – everything is possible. Gandhi ji worked on an idea that he will get independence from India. Modi Ji is working towards re-establishing India and Indian Values. Both are examples of the IDEA put into ACTION.
Learning for Investor: - If you have an IDEA to make 100Cr from the market – it is possible. Just that you learn the fine art of investing patiently and then go to the market and take massive actions. Most investors fail to take massive action.
You are your DEEP Driving Desire. As is your Desire, so is your will. As is your Will, so is your Act. As is your act, so is your destiny.
2. The power to Receive: - Have you seen 4 children of the same parents goes in 4 different ways. Some go to the top and some go to the bottom. We have an example of Anil Ambani and Mukesh Ambani. The main reason is not what you are given, the main reason is what you are able to RECEIVE.
The teacher teaches the same thing in the class. Some get 95% and some fail.
Learning for Investors: - In 30 years of my experiences with individual investors, I have found the above lesson to be true. All investors are given the same inputs but their output differs drastically. So, receive matters more than what is given to you.
3. To Get, you must give first: - Look at the JIO marketing in 2016. It gave free calls for 1 year to all those who joined. People got convinced by the quality of the services. So, when the official launch was made in 2017 – JIO had tons of ready customers and it became profitable instantly. So, give first.
Learning for Investors: - Those investors who want to make tons of money, they give time to learning. They give time for their investments to mature over a period of time. When they give time, money, and effort first and wait patiently later on – they get what they had dreamt of.
4. Connect with the people: - Look at the top-grade students who start their journey in the corporate world. They had a great start but after some years they simply get stuck in middle-level management for a lifetime. They do not make it to the top. They never get connected with the people in their organizations. They fail to GRASP the critical situations of their corporates and fail to take massive action to bring their company out when the boat is leaking. Having a high IQ is very good to start but they lack the Empathy and EQ.
Learning for Investors: - I have seen many smart boys come to the market. They are good to start with but as they grow – they get diversified to MF / SIP and Bank FDs. They are intelligent but they lack the EQ and when they lack the EQ – they can’t understand the emotions of the market. They simply fail.
5. Life is a Constant Negotiation: - There is nothing as STATUS QUO in life. You need to constantly keep your watch on health/ relationships/ money and your positions in your business or job. There is nothing like GIVEN THING. As a kid, we used to read that a PRINCE married to the PRINCESS and they lived happily ever after. This happens in the story only. In real life, the various issues start from the day of the marriage.
That’s why the master trainer ANTHONY ROBBINS recommends – CANi – continuous and never-ending improvements.
Learning for Investors: - When an investor joins me – I always ask him to be with me for a minimum of 3 years and learn every aspect of investing. When some get super successful in their first year – they assume that they know the investments now and there are some who lose in their first year and they assume that the share market is not for them. Both are wrong.
6. The slippery slope of OVERACHIEVMENT: - Everybody is interested in over-achievement. But over-achievement has a price tag. If you are not able to manage success – you go into the deep valley of failure. We have seen tons of management starting a host of businesses after their initial success in one business and go for a toss in the end.
Just see reliance would have taken over close to 200 small and medium companies since May 2020. Now, their challenge is to integrate them into the reliance culture and manage them effectively.
Learning for Investors: - Many investors buy a penny stock and it may go up 10X in a short time. Now, this guy assumes all the stocks will move up like that and he will end up buying a host of penny stock companies and lose the total capital.
7. The marginal person is important: - Have you seen the MODI JI talking to the Security Guards when he goes to new places? He is going to the borders and meeting the SAINIKS. He is connecting with the students and the small children. Many people after their success consider the junior people as useless and not worth keeping in touch with them. They want to keep in touch with the top guys only. They are making blunders.
Learning for Investors: - Some investors buy only BLUE CHIPS stocks or NIFTY 50 stocks. They believe it is safe and MID CAPS and SMALL CAPS are strictly not for them. They miss the biggest money-multiplying opportunities of their life.
8. Passion is what Passion Does: - Many times we come across some passionate friends/relatives and he may tell you that call me at 2 am in the night and I will be there for you. We really feel good when we get these kinds of assurances. But when the need arises – you may find that they are not picking up the calls or they are not ready to come forward to help you.
So, their passion is not real passion.
Learning for Investors: - When a typical investor joins me, he talks about long-term and future plans and gives me stories about his patience and things like that. The same guys come to me after one month or 3 months when the stocks have not moved up or gone down. Now, the long term as per income tax is also 12 months. So, their passion is not at all passion.
9. The power of Resilience: - When we look at the leaders and their juniors – we may find that juniors are more intelligent and smarter but they are working under the leader. The leader outshines them in resilience and tenacity. We may feel that the odds are against us in life and business – at that time our tenacity helps us and we win in the long term.
Learning for Investors: - Buffett always says – I love pessimistic situations because it gives me an opportunity to buy the chosen stocks at cheaper prices. Normal investors run away during this time selling their stocks at the bottom price. If they just wait for a little time – the market moves up and they can cover up their losses and make tons of money also.
Resilience decides success in the long term.
10. Look beyond yourself: - We are always focused on MY MONEY / MY WIFE / MY KIDS / MY FAMILY / MY BUSINESS / MY LIFE and everything about MY. When we look around – we may find that there are tons of people who are not getting what we are enjoying in life. Our life may be their goals.
Learning for Investors: - Look beyond your return in the stock market. Many people want to invest but they don’t know or they are not able to muster the courage to leave their FDs and SIP and come to the market. So, feel blessed if you are directly investing in the market rather than just focusing on the returns.
11. Real Man Says Sorry: - All big guys have no attitude problems to say sorry when they are wrong or when they make a mistake or when their actions or words have hurt somebody. They simply say Sorry and close the chapter.
Learning for Investors: - Many investors keep on holding loss-making stocks. Smart investors follow the stop losses and get out once their loss-bearing capacities are over. So, these guys have fresh capital the next day to buy new shares.
12. Learn to forgive yourself: - Many people hold grudge against their loved ones / their guru / their friends for failing them with their expectations. Their minds are deeply affected by the behaviors of these people.
Many times, people suffer losses due to their mistakes and they are not able to forgive themselves for committing that mistake.
We must learn to forgive others and forgive ourselves for our mistakes.
Learning for Investors: - Many times investors take a big position on some tips and they end up losing the total amount. They keep on blaming themselves for life. They must forgive themselves and move forward.
13. Self-Doubt is Positive: - Periodically, one must doubt his actions and the way we carry out our life in general. This will allow us to be AWARE of our current positions. When we become AWARE of ourselves – we can RETHINK or REPLAN.
Learning for Investors: - Most investors have only one tendency. If the share moves up – the company is good and if the share goes down the company is bad. They must DOUBT the company when it is moving up one side and they must doubt when the company is going down. This will allow them to RETHINK about their original hypothesis of investing in the company.
What NEXT?
I have always found reading BIOGRAPHIES and AUTO-BIOGRAPHY very interesting and tons of learning has happened due to that in my life.
The above 13 lessons are shared by Mr.Bagchi himself from his journey. The book has many more lessons. Those who can’t read the book – should read the above lessons. The best option is to read the book in totality.
Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.
Learn a Lesson. Live with Passion & Invest with Reason.
Hitesh Parikh.
🙏🏻📖🎓📖🙏🏻
ReplyDelete