You’ll see why the poor are always poor! They live with scarcity and they eventually develop scarcity mindset. They’re so scared to the limited resources that they unfortunately limit themselves from taking calculated risks.
On the other hand, the rich keeps getting rich. They keep taking small small asymmetrical bets. A large win and few losses here and there doesn’t even matters to them.
Anybody in stock market who’s scared to lose money won’t make money at all because they’ll quit at sight of first big loss. This is actually a test.
Market is testing you whether you’re capable of taking bigger hits when portfolio grows bigger or you’ll just go berserk? Going berserk? A dangerous thing once you make it big. Both for yourself, people around you and society as a whole.
Because it’s the nature of stock market to hit you in your guts when your mouth is full. Especially when your mouth is fully stuffed & you’re enjoying the party.
How you manage yourself goes a long way how you’ll manage big money.
If I were scared, I’d have not bought the Covid lows, not only buying Covid lows but buying it with leveraged money, buying Bitcoin at 15L when the world was saying it’s bound to be doomed only to realise later that it’s already >₹1cr, going all in into stock market and not taking the conventional proven path after getting India’s highest finance degree and many more things.
Heck, even if you’re scared do it anyway. And that’s what great people do.
