How to become Disciple of Market?

 

24^th December 2020

How to become Disciple of Market?

Dear Fellow Travelers,

Namaste! Reading our last post on Students of the Market or Disciple of the Market – many readers have asked us to show them the way to becoming Disciple of the Market. Today I will deal with the same.

Let me share an example of Arjun in Gita.

In chapter 2 – 7^th slok he said following to Krishna.

BG 2.7: I am confused about my duty, and am besieged with anxiety and faintheartedness. I am your disciple and am surrendered to you. Please instruct me for certain what is best for me.

This was the funniest dialogue. He says he is a disciple and surrendered to Krishna. But rather than following Krishna, he goes on asking questions / developing doubts after doubts. Had he meant what he said – Gita would have been over in 2^nd chapter only. But it went on and on till the 18^th chapter.

In 73^rd slok of 18^th Chapter – he said following.

BG 18.73: Arjun Said: O infallible one, by your grace my illusion has been dispelled, and I am situated in knowledge. I am now free from doubts, and I shall act according to your instructions.

Here is says his illusions are dispelled and he has gained knowledge. He is free from doubts. The end result is FAITH. So, he has become Disciple in the 18^th chapter.  He used all his brain / he used all his logic/arguments and once he got over with them – he reached the status of faith. Now, he will do whatever Krishna has asked him to do. Actually, he fought the battle as per Krishna’s will.

How faith came in Arjun?

Arjun took all the efforts of using his brain / asking tons of questions to Krishna. When he got tired of his efforts, he got God’s grace and faith came into his heart.

So, the formula is – Your sincere efforts + Your failure in your efforts + God’s Grace = Faith.

Meet any newly MBA and he would say he can do this and he can do that. He is not ready to believe that he can’t do anything. So, when he starts – he gets failures. So, his illusion that he is in control of life and life events goes away.

When he gets multiple failures, suddenly he realizes that there is something beyond his efforts also. Now, he starts looking for that Something. So, sincere efforts are a must from your side.

Normal Indian Attitude for New Experiences and Explorations: -

Thanks to reach cultural heritage – we have got ready-made answers for each and everything in our life. We have taken that information as knowledge. Knowledge always comes when information is applied with an open mind and awareness. But normal Indian believe that just by reading or by listening – they Know.

Thanks to this, their frequency of trying new things / new ideas is very low. What’s more – they have a strong fear of Failure. So, they try only and only when they have NO CHOICE or when they have a guarantee for success. This is a very defensive attitude and most people don’t see much progress in their life.

How this has affected Indians?

We have no faith in anybody still, we tell others that we TRUST you or have faith in God. This is 100% hypocrisy for 99% of the population. They have a double standard for everything.

Thanks to their own lack of faith or double standards – they can’t make decisions with conviction in any area. This leads to half-hearted efforts and average results.

How does this impact your investment performance?

Market is Existence itself. Those who try to win the market with logic or manipulation always fail in the long run. You need 100% faith and nothing else in the market. This is the reason Buffett says – He is okay if the market is closed for 10 years after his purchase. He never buys companies with doubtful fundamentals – Bitcoins in spite of them hitting new highs every day. He knows, the market will do justice with all these wrong or manipulated companies one day. He has 100% faith in the market.  

Those who have faith in the market justice will stick to their system in spite of losses or lower than average performance in the short period.

Most normal investors will panic if their stocks do not move for a week also. They will start doubting the company / their luck and things like that. But, they will never take proper education in the area of investments.

What NEXT?

Life is short. So, fail fast. When you fail at a faster speed – you will get the time to use your learning from your failures and mistakes in the next venture or investments.

If you fail slowly – you will not get time to apply the experience you have gained from your failures.

Make your choice.

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

 

Live With Passion…Invest With Passion.

 

Hitesh Parikh