Shagun Jain is a CA and an MBA Professional in Finance from Jamnalal Bajaj Institute, Mumbai. In this conversation, he candidly shares how he lost 90% of his wealth from the core holding in his portfolio. He talks about his fascination with turn-around companies and how he picks them up for investment. On top of that, he actively shares his wisdom on how to tackle volatility and take advantage of such situations. He also writes his blog posts at Liberated Soul and tweets actively at @liberatedsoul3.
Curt Degerman spent his adult life collecting plastic cans from the trash bins. Being a ragpicker, he never paid even a single penny for a meal. He consumed whatsoever unconsumed food he found in the bins of restaurants. Neither he married. Nor he had a family of his own. Just lived a solitary life. For forty long years, he cycled across his town in Sweden, picked up cans and exchanged them with a recycling plant for money.
Felix Baumgartner was sixteen when he jumped off a building for the first time. That’s when he realized it was what he really wanted to do. Jumping off the bridges, parachutes, mountains, and pillars. But he had no idea what his future had in store for him. Never he had imagined that his luck would take him 39 km above East Mexico and make him jump at a speed that would exceed the speed of sound.
A few days ago, I was reading an analysis report on Kotak Mahindra Bank by Jana Vembu. It explains how KMB emerged as a survivor by providing its banking services to consumers, corporates and commercial businesses. As per the report, Re.1 invested with Mr. Uday Kotak (Managing Director, KMB) in 1985 would be worth Rs.2 Lakh today.
It was the summer season of the year 1784. In an elementary school, somewhere in Germany, a teacher entered the classroom of 7-year old students. Not in a mood to teach, she assigned them a complex task of adding up the numbers from 1 to 100. Thinking that they would take a lot of time to arrive at the solution, she decided to take some rest.