Hello, my name is Ram Prasad Saxena. I am 70 years old and I am a resident of Noida. Today my portfolio is worth around Rs 21 crore and this was not created from any jackpot. I am telling this because nowadays many youngsters come to me and what is their first question? Sir, please tell me some good stock. Sir, who is the next multibagger or how can I make money quickly? So I look at them and I laugh inside and I also feel a little worried because I can clearly see that these people don't want the money. They need excitement. Look, I am not an MBA. Nor have I done any CA. I had done B.Ed and I was a maths teacher. It was the time of 199. My salary was limited. The responsibilities were also very high. running the house, children's education everything had to be managed within that. But still I used to save a little because it was in our blood. Saving was in the blood of all the people of that time, which the children of today probably will not understand. So I had savings of Rs 25,000 at that time and this would be very less for today's children. The savings for a normal mobile phone is Rs 25,000 but for me at that time it was my life's earnings and where I am today started with that Rs 25,000. I invested that money in the stock market. Now what is the real difference? Listen to this. What do you guys do before saying goodbye today ? You open YouTube, check Telegram or WhatsApp or check Twitter. What did we do? We used to find the data ourselves. Used to read the balance sheet of the company. Used to get annual reports. And the funniest thing is that I used to make charts myself on graph paper. I used to draw the entire trend by looking at all the past data and closing prices. It used to take me 2 to 3 months to understand a stock and today you guys decide in two-three minutes that this stock has given a breakout. Let's invest the money. Then within two-three hours you say, Sir, I am stuck in this. So I invested the money. After that the time of Harshad Mehta started. The market was running fast. It seemed as if every man had become a genius. Everyone was making money and my money also increased. Money increased significantly. But when everyone was putting everything at stake, one thing was coming to my mind that how long will the market run. Wherever there is easy money and fast money, I become alert first. I become aware. And I sold a lot of stocks at very high prices and kept some money in cash with me because someday the market is bound to fall again and this is a cycle of every market and that is what happened, the scam was exposed. The entire market crashed. People were selling in panic. were scared. Now what would your generation do here? Sir, the market is falling. Take the exit. Take the exit. What did I do? I invested more money. When the market fell well, I bought more stocks. Because I understood one simple thing that the price is falling. The value of companies is not falling. As India progresses and the population increases, the companies will become stronger. So from here I made my first rule that buy in recession and sell in celebration. That means everyone is celebrating. If you are investing too much of your money in the market then you should sell it and get out and secure your money and after that wait for the recession to come again and when you can buy good stocks at a discount again, so I also did the same. Then again, when the dot bubble came around 2000, I did the same thing. People were making every tech stock a god saying this is the future, this is the digital revolution. But then again that bubble burst and I did it again. I picked quality stocks. I accumulated Infosys at a time when people were fleeing the IT sector and my split adjusted price is around ₹100. People were saying that IT will end. I said India has just begun. Everything is going to be automatic. So how can IT end? So I bought Infosys at that time. I bought HDFC Bank. Because everyone understood that money should be kept in the bank. If you want to take a loan, you should take it from the bank. So banking was also going to move forward. Because I understood one thing that the banking system would be strong. India will progress only when credit grows. People used to say this is a boring stock. I said boring stocks make rich. Exciting stocks jump around for a few days and then calm down. Exciting stocks are what make people poor. This is what has been happening till today. Then when the lemon crash came in 2008-9. Again the entire market was halved. Everyone's portfolios turned red. And most of the people were saying sell it, sell it. There was a recession. Recession has come. I did the same thing again. Sat down and looked at the balance sheets of many companies. I saw which company's stock it was and again I bought it. I did the same thing in the Covid crush. The whole world was in panic. Was locked in the house. The news channel was scaring everyone. Most people were selling thinking that the market would fall and fall and fall. And I systematically invested a little bit again. So look, everyone asks me, Sir, how do you select stocks? So it is a simple funda. Listen carefully. It is not rocket science. I used to look at only four things to see if the business made sense or not. If I don't understand the company's business in 10 minutes, I don't invest in it. What do you guys do? Sir, this AI, this EV, this blockchain, all this is the future. You yourself don't understand it. You just invest based on the news. So the business itself should be understood. This is a very important thing. Second, consistent profit growth, I used to see whether the company is growing consistently for the last 101 years or not and what most of the people see nowadays is that sir, there will be an upper circuit, there will be an upper circuit. Third, I see how much debt there is. Is the company living on debt or is it standing on its own? You guys see that Sir Operators are creating new entries. The stock will run out soon. He will definitely run away. Such a stock will run away with all your money. Fourth, I see how the management is? Is the trust uniform or not? Because business does n't run on numbers. Runs by people. It is very important to see who is running the company. Now if I talk about the real issue, the actual problem is strategy. I have not understood till date why you people run after strategy. Because there is excitement in strategy. It takes hard work to build a mindset. The strategy is easy to learn. It is difficult to create a mindset. That's why you guys focus on learning strategies. What you guys do is that if there is a loss, you will do revenge trade. The market itself has taken my money. The market will give it back. You do such dialogues. Why will he give? Is the market your father, will it give it to you? This is the market. He does n't understand your feelings. The market takes away 90% of people's money. Never gives back. He gives that money to those who sit patiently. Show wisdom. So all this dialogue-making is childish talk. These are children's talks. There is a huge lack of patience in this generation of yours. This is the biggest problem. Everything is needed in a hurry. 2 Minutes Noodles, you have to understand the entire book in 20 second reels and whatever you want, you want it delivered at home in 10 minutes, so because of all these things, patience has vanished in today's generation, you want to become a millionaire in 10 days and our generation was taught to wait, maintain discipline , we used to stand in lines for hours and you people cannot even tolerate internet buffering. You guys say that Sir, long term is very boring. I say boring is profitable. What gives excitement? It gives pleasure for a moment. If you want excitement then go to the theatre and watch the movie. Why waste money and time in the stock market ? And the biggest thing is that we used to invest the money we saved in the share market. Your problem is that many of your things will be on EMI now. Still you people want to become rich again quickly by investing money in the share market. So when you enter the stock market with that pressure in your mind, mistakes will definitely happen. You guys run after strategy. It is like you want to keep a tree green , lush, but you do not want to water its roots. Strategy means just cleaning the leaves, wetting the leaves, etc. But the tree will remain green only when you water the roots and that root is your mindset in trading, when the roots are not strong then the tree is bound to fall, I have spent 35 years to reach here, the journey from Rs 25000 to Rs 21 crore was completed in 35 years and the Rs 25,000 that I invested was invested step by step, I kept adding it to my salary little by little and I kept adding it little by little and that Rs 25,000 was returned to me in the form of dividend many years ago. Right now, the 21 crore rupees that I have , all of it is free. It stands because of my patience. No shortcuts, no secrets. There is only one thing, patience, which is not there in today's generation. If you really want to become rich today, then first ask yourself. Can you wait ? Can you follow the boring process over and over again ? Can you survive in the market without excitement ? Because all these things are very important. Like we talk about patriotism and say don't think about what the country has done for you? Think about what you have done for the country? So it is the same in trading. Trading is not making you money. This is the only complaint you have. But have you ever wondered what you did for trading? How much discipline did you maintain? How much patience did you have? How much learning did you do? No, they just come with their heads held high, invest money in any trade and lose everything and then say that the stock market is useless. No one makes any money in this. Doesn't happen like this. The number of people becoming rich in the stock market is not small. Many people have become rich. But they have learned patience. So the market will teach you. But its fees are very heavy. And secondly, money in the market is not made through strategy. It is made of character. And you will not be able to order the character from Amazon or Flipkart. It is created after years of penance. You will have to suffer. You will have to decide for yourself whether you want to become a trader for a short period and lose all your capital or you want to stay in the market for a long time and create wealth. Because wealth is created on the basis of character. No strategy, no shortcuts. Your own character should be like that. Have you ever seen a very rich person who takes decisions in a hurry? He gets nervous over every little thing. If he does not have the power of endurance then there cannot be such a person. One has to become a mature person. You have to take mature decisions. Only that person becomes rich. So first become worthy of it. You should show that much maturity to the market. The market will definitely give you money. So there is no need to curse the market at all. You need to work on yourself. And proceed with a little patience. Try to learn what you don't know yourself. All these things are very important. There was nothing in the strategy. Strategies have come and gone in many markets over thousands of years. But still people are not able to make money because the same thing happens. Everyone's attention is on wetting the leaves. No one pays attention to watering the roots. So I hope you all have learned a lot from it. Sorry if I found anything offensive. But when people lose money by coming to the market in a hurry, it feels bad and when they curse the market that the market is very bad. If it's gambling, it feels even worse. That's why I wanted to make this video and I'm thankful to The Power Motivation. Thank you if he will feature my video on the channel.