Have you been working hard in a particular area of your life, but not seeing the rewards for all your effort? Maybe you have been spending countless hours learning how to trade, researching for stocks and doing hundreds of trades, but not making the huge profits you expect. Maybe you have been spending hours and hours working on your new business, only to break even or losing money year after year. It can be often discouraging. We seemingly do all the right things, and nothing happens. But for those who do things right and are not discouraged and are persistent, things will happen! You will be hugely rewarded if you stick to it!
Here is a powerful story about the Chinese Bamboo Tree. To grow, the Chinese Bamboo Tree requires a lot of nurturing through water, fertile soil, and sunshine. If you plant a seed, water the tree and add fertilizer for a whole year, nothing happens. There are no visible signs of growth in spite of providing all of these things. Afer the second year of watering and…
The latest from the mouth of The BIG, a proved individual in any parameter in the present period.
An edited verbatim transcript
The story of the financial savings getting huger and huger or large part of the savings in the household sector being invested in equity has just started.
A growing economy like India with reasonably good corporate governance practices, tax-free, I think India will grow nominal gross domestic product (GDP) at 12 percent. I see no way that Indian equity will not give you a return of 15 percent. Now you tell me one investment that I can sit in my office, have a liquid investment, borrow at very fine rates and get a 15 percent return. I do not see many investment opportunities like that. So by my sheer common sense, I feel that this money is going to continue and I think this is not even a flood, it is going to be a flood and it is going to be a tsunami.
In America, investment in mutual funds in equity, mutual funds went up from USD 162 billion in 1984-1985 to USD…