Here is luck factor which is always true and u can’t give yourself full credit. Money lost from 2018 to 2020 was in below stocks, Rpower, R Infra, RCap, PC Jewel and final nail in coffin by Yes Bank, lost close to 17 lk in yes bank and sold stock at 10 rupees in Jan 20. Remaining capital dropped steeply to 10 lk in Mar 20. So lost 60 lks in 2 years out of 70 lk.
March 20, i took a call on 5000 Tata motors, put in Voda Idea at 3.3 rate, capital 3.6 lk. Never knew it will rise to 12 in two months, that was turning point.
Learnings: no hot stock play now, avoid stocks with unmanageable debts, no Infra company, no Banks, careful investing in cyclical businesses.
All grace and love of God:pray:
Net liabilities have dropped to mere 10 lk and assests have crossed over 10 Cr now, still real state is making 60% here.
If you want to make big than only u can do it on your own conviction. My strategy is bottom approach, i am looking for a fairly large sustainable business trading low due to some foolish decision by management and turnaround is seen in future. Major alpha is created here as stock is hated hence valuation is cheapest. Take large bet, inspired by Mohnish Pabrai. If dont bet big you dont make big.
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