07/09/2022
Top investment tips that would help you become rich, say experts
Gajanana (The wisdom of an elephant)
Wisdom, here, is the ability to distinguish between the good and the bad, which the elephant has in plenty. As an investor, your biggest challenge is to distinguish between the good news and the bad news, the good stocks and the bad stocks, and the good decisions versus the bad ones.
Mangala Murthy (The eliminator of negativity)
Negativity implies a different meaning here. As an investor, it is essential to surround yourself with positive people and positive ideas. Like a Mangala Murthy, you need to eliminate the negative people from your vicinity and also eliminate the negativity in your mind.
Ekadanta (The one with the broken tooth)
Ganesha had committed to Veda Vyasa to write down the Mahabharata non-stop; Ganesha promised the latter that when his pen would stop, he would break a part of his tusk and use that as a pen. Remember, investing is also all about flexibility and out-of-the-box thinking.
Vidyapati (Knowledge at the core of action)
Lord Ganesha is known as the Vidyapati as he is the only one to have mastered the 18 different forms of knowledge. In terms of intellectual breadth and depth, he is unmatched. For every investor, the hunger to learn new ideas and experiment with new strategies is very important.
Chintamani (Overcoming mental blocks)
The Chintamani is all about using your mind in a positive way. This involves two stages; removing mental blocks and bringing in positive ideas. As an investor, you would have realized that not addressing your mental blocks stops you from being a successful investor. You have to first remove the blocks pertaining to mid-caps, small calls, higher growth stocks, etc., before you can apply the right ideas and strategies.
