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Showing posts from February, 2023

12 Native Gujarati Advice for Share Markets

This is the advice of Market Veteran NILESH SHAH, Group President and MD, Kotak Mahindra AMC published by Value Research . I did my articleship at Hamam Street, behind the BSE Tower, three decades back. I was attracted to the stock markets, like my colleagues, to make quick money. In those days, the stock market was the Wild West, with terms like ‘company circle buying’, ‘vandho’ (dispute), ‘payment crisis’, ‘galo’ (gap/difference), ‘patavat’ (settlement), ‘bad delivery’, etc. Might was right. Bulls and bears were making money and retail investors like me were getting slaughtered.  Luck guided me to an old sub-broker wearing traditional dagla (overcoat). I am happy to narrate his advice, in native Gujarati, which has helped me immensely over the years in managing money.  1.While we do Laxmi Pujan on Dalal Street every Diwali, you need to worship Sarasvati Maa every day. Knowledge and wisdom are critical to making money in the stock market.  2. Investment is about common sense, which is