Today I booked Rapido at T2 Delhi Airport. The driver asked me for extra 290/- after dropping. I obviously refused and said I'll pay whatever the amount is showing online.
Driver got really furious when I paid the exact amount showed online. He started abusing and threatening.
Your grandfather made wealth by buying land.
Your dad made wealth by buying stocks.
You will make wealth by diversification.
To understand this, you need to observe the biggest trend playing out right now:- "the death of globalization"
Every country right now now is in a survival mode.
This is very different from the last 20 years.
For the last 20 years, the world followed Ricardo's Principle of Comparative Advantage. What this meant that if China could produce goods cheap, it would be the manufacturing basket of the world. And, would keep supplying the world with cheap goods.
In simple words: because China had the Comparative advantage to manufacture things, the world will go to China for manufacturing.
This made logical sense. And, the world benefitted from it. Especially emerging economies.
The world right now however, DOES NOT make sense. Global powers wants dominance, not mutual cooperation. The rise of far-right politicians across the globe has ensured this.
Your portfolio needs to reflect this reality. What this means is:
1) You can't tie your wealth to 1 country (India for example has made a lot of changes to its Real Estate taxation). Eg. indexation benefits on RE gone.
2) You can't tie your wealth to 1 currency. The level of wealth erosion we have seen in India in the last few years is unreal. Why? largely due to INR depreciation
3) You can't tie your wealth to 1 stock market. Why? stock markets are there to give promoters/early investors an exit. You need to time the cycle. If you are wrong, you are the one giving exit to others.
Your only alpha is valuation: invest everywhere (when there is value). When things look uncertain it reflects in the price of the asset.
Unlike old times: buy and hold won't work. You need to learn when to "enter" and "exit".
Capital rotation is a diversified format is where the game is now.
BY AGE 35, YOU SHOULD BE OLD ENOUGH TO REALIZE THAT
📌Life doesn't wait for you to be okay. Get up every day and keep pushing through.
📌Never force anyone to choose you. You should learn the art of spending time alone.
📌Master your emotions. A calm mind can handle any situation at any time anywhere.
📌To avoid disappointment, you need to take people for who they are not for what you want them to be.
📌Everyone will show you who they are, just give them time. None pretends forever.
📌You're at peace with yourself when you mind your own business. What doesn't concern you, leave it.
📌Ensure you take good care of yourself, if anything happens to you, the world will move on.
📌Nobody cares, work hard to get better every day. After all, you are on your own.
📌If you don't work to build your dream, someone will hire you and give you a purpose.
📌Free yourself from society's advice, most of them have no idea of what they're doing.
📌35 years is too long to sit in an office being told what to do. Think about what you can do on your own.
📌You shouldn't take advice from people who are not where you want to be in life.
📌Life is 100% better when no one knows anything about you. Privacy is a top tier.
📌You become ten times smarter when you quit the news and put politics out of your topics.
📌You need to be smart enough to create and make your opportunities, don't wait for them to come to you.
Take a whole different move this year. See the outcome. 💯🙏👑
Introverts don't hate socializing, they're picky. They want depth. Connection. Meaningful interactions. They're not being rude or closed off. It's just that they're all or nothing kinda people. Once you're in, you're in forever. And they have room only for a few.