To create wealth you have to invest in good stocks, guard it like a hawk, and sit tight over it foour long times.

In the meanwhile you will be teased, scoffed, scared, ridiculed, critisised, ……

It is akin to Devi Sita surrounded by the Rakshasis constantly goading her to marry Ravana. They were PAID to do that.

If you do not have enough conviction in your portfolio (Ram) you will succumb to the taunts.

Let us look at the Rakshasis surrounding you.

CEO of fund houses: IN India most of them have come from the sales side. They have been very well TRAINED to make the right noises. The right words: Sip, long term, consistency, value, compounding, vision, processes, team work, risk control…they have been subject to a lot of “how to react under stress”, a slight cough, ‘its a good question’ -…and the conversation is over. These are the people who will take all the credit for their performing funds. For funds which do not perform, they will blame the market. These people are asset gatherers who talk about asset management. They will talk about indicators about how they think “now it is sugar sector, banking sector, and oil”. They have no clue.

CIO of fund houses: more or less same as CEO, but with a lot more jargon. 200 dma, asset allocation, changing leaders, 3 year cycles, which sector will boom in the next 22 weeks, if not 2.2 weeks. When they start talking about being in debt and not ONLY in equity, it is possible that he is looking for his debt funds to be sold – afterall people could invest 3x in debt as in equity, right?

Media: will scream at you saying “one year sip is in the negative” to “in 5 years you would have earned more in a bank fd”. Or how the mid-cap has tanked, and therefore you should be in large caps only. Or how a pharma fund is superior to a technology fund. Or how 40,000 shareholders of a fund house will be hit…This is surely the most aggressive rakshasi who only looks for decibel level. Those who write do not read, and those who read well do not find anything NEW to write.

Blogs: Inclding Subramoney – do not offer any smart ‘market timing skills” like the Ceo, cio, and media are able to give. And remember anybody can create a blog. Anybody. Like I did it in 2008

To be a good investor

• have conviction in your OWN research
• read the b/sheet and Q results regularly
• react sensibly
• be calm
• practice meditation EVERYDAY in the morning
• Yogic running also helps
• practice gratitude
• get enough good food, good workout, good thoughts
• practice silence
• stay away from media till you cannot read “this news sponsored by” tags
• invest slowly and steadily, remember Rome was not built in a day
• DO NOT TRADE – remember Hiroshima Nagasaki wee destroyed in one day!!