WEBVTT 00:03.272 --> 00:04.172 Hi everyone. 00:04.172 --> 00:15.875 Today's guest is Harsh Vardhan Maurya, a Zomato operator and NIT Raipur graduate who has spent his last several years building at scale in startups and consumer tech and who, 00:15.875 --> 00:24.918 while not yet financially independent, has built serious wealth in a short period through career leverage, concentrated investing, and relentless execution. 00:25.278 --> 00:32.754 So Harsh, a lot of people look at wealth as something that comes from just saving harder, but your story feels more like wealth came from 00:32.754 --> 00:34.690 becoming highly effective first. 00:34.690 --> 00:37.626 So what changed in you before the money changed? 00:38.686 --> 00:42.423 Yeah, I think so maybe I'll just share a short 00:42.942 --> 00:45.343 very short story that I personally think. 00:45.343 --> 00:54.307 So before jumping into Zomato, I was working with Urban Company, is a big, like now a bit more unicorn startup in India. 00:54.307 --> 01:04.392 So when I used to work for 15, 16 hours a day, every day, I used to think, like, even despite earning like working 15, 16 hours a day, I'm just making excited amount of money 01:04.392 --> 01:05.072 and all. 01:05.072 --> 01:13.376 And at the same time, I used to see people in my same company who were like actually making money, but at the same time, they also had a lot of Esau. 01:13.877 --> 01:24.033 So what was happening as the company was growing their wealth was also growing at the same time and due to that even if they were working 14-16 hours it did not make a lot of sense 01:24.033 --> 01:34.219 like it did not actually pinch them a lot but it used to pinch me a lot because I was like I'm spending x-factor amount of hours but my pay scale is going to remain the same so 01:34.219 --> 01:41.802 that's when I realized that the only way I can actually make wealth and get out of this rut is where I create my own wealth where I ensure that 01:41.802 --> 01:51.222 if I'm making 100 rupees that 100 rupees should make another 10 rupees and that 110 should make some exquisite money and it should keep that cycle should keep happening around. 01:51.222 --> 01:52.602 I think that is what I realized. 01:52.602 --> 02:03.362 think after when I turned 25, 26 that's when I realized that yeah I need to be very serious about my wealth and wealth should be I mean to be honest I changed the parameter 02:03.362 --> 02:08.242 of my whole life thinking that I cannot be dependent on pay scale paycheck. 02:08.242 --> 02:10.562 I need to be dependent on my own 02:10.632 --> 02:13.993 money, making me more money so that I can think stable throughout my life. 02:13.993 --> 02:20.694 I think that was my whole thought process of why I should start thinking, investing very seriously. 02:20.694 --> 02:29.629 And that time I felt what is the easiest way or the most less friction way for me to earn additional money that was like stock market only. 02:29.629 --> 02:31.484 Like I was like, okay, like 02:31.484 --> 02:33.897 I cannot do a part-time job with my full-time job. 02:33.897 --> 02:36.020 So I was like, what is the best other way can do it? 02:36.020 --> 02:41.165 This is what I felt was easier for me to start and I actually started with that journey altogether. 02:43.152 --> 02:43.503 Nice. 02:43.503 --> 02:45.285 So let's start from the beginning, right? 02:45.285 --> 02:48.740 What was your relationship with money while growing up? 02:49.512 --> 02:56.130 Yeah, so I think I mean, I come from an Indian middle class family and all. 02:56.130 --> 03:02.697 So I mean, the equation was very like not, I would not say it was very negative. 03:02.697 --> 03:04.079 It was also not very positive. 03:04.079 --> 03:05.220 It was very decent. 03:05.220 --> 03:10.586 It was more of that if I wanted something I had to earn it before only to get that money. 03:10.612 --> 03:11.102 Take care. 03:11.102 --> 03:18.166 I always used to hear this equation from my mom or dad that, you know, if you're earning money, you need to save a lot of money. 03:18.166 --> 03:21.107 And, know, money is the most cruel thing in this world. 03:21.107 --> 03:23.298 Money does not grow on the tree and so on. 03:23.298 --> 03:25.699 So all this dialogue, so I've been hearing in the cell. 03:25.699 --> 03:29.781 think my money, equation with money was decent. 03:29.781 --> 03:37.054 I would not say it was very negative or very positive, but I knew that this is needed in life to live a happy life. 03:37.054 --> 03:40.106 This was still my class, maybe 10th, 11th, 12th. 03:40.106 --> 03:40.829 This was still 03:40.829 --> 03:53.089 college days and education days but later on when I realized that over the period of time when I realized I saw a lot of family problems a lot of problems across my family's 03:53.089 --> 04:03.369 friends and all I realized money is one thing that solves 95-96 percent of your life problems if you have an exfiled amount of money that will solve your 96, 95-96 percent of 04:03.369 --> 04:05.822 problems rest 4-5 percent is manageable 04:05.822 --> 04:16.677 you can manage it as all about emotions, emotional management but if you don't have money I think it will like really kill your whole ah purpose of life or it will actually kill 04:16.677 --> 04:25.442 you completely because you will always be under stress and all I think that is what was my relation previously and then that is what relation I changed post my corporate life and 04:25.442 --> 04:30.888 all when I realized that it is unsustainable for someone to keep working 14-15 hours a day 04:30.888 --> 04:39.224 and then you know live that life Monday to Friday I work Saturday to Sunday you know relax and then Monday to Friday it's happening I was like yeah this does not work and that's 04:39.224 --> 04:49.661 where my equation with money change right now I think I'm in a very positive uh with thinking about money that yeah like you need to have money you need to respect money I 04:49.661 --> 04:59.778 think respecting money is very important because unless you don't feel like it you will need to respect it it won't you won't unless you respect it you won't even get it back 04:59.786 --> 05:02.386 I think that is the relation that has changed. 05:02.386 --> 05:12.026 I've never disrespected but I just think over the period of time the respect for money has increased a lot because it has helped me come out of a lot of situations and it has also 05:12.026 --> 05:18.050 helped me create a lot of great situations for others when they were really in bad spots of their own like. 05:18.856 --> 05:21.959 Can you explain that a little bit like in. 05:21.959 --> 05:32.568 uh while I was investing in all this, I like created a good amount of corpus and also one of my cousin was uh like suddenly went through a very bad financial debt and all. 05:32.568 --> 05:36.314 So that is when I had, so that is when I went to the village. 05:36.314 --> 05:39.423 when our grandmom passed away that point of time. 05:39.423 --> 05:44.608 So I went to the village to support, to support, see what's happening and all. 05:44.608 --> 05:48.981 That's when one of my cousin who was staying there and managing the household and all. 05:48.981 --> 05:50.035 So that's where. 05:50.035 --> 05:59.282 I told him dude like right now you really don't need a lot of you obviously need a lot of condolences at the same time you also need to be very practical and that's why that's when 05:59.282 --> 06:09.661 I you know transferred him some good amount of money that you know you just take care of it you just you know manage all a lot of things or whatever it is right now so that time I 06:09.661 --> 06:19.082 did not expect anything in return it was just a money that I was you know gave away without even thinking a second about it like that would be like someone's monthly salary 06:19.082 --> 06:20.522 all to be really frank. 06:20.522 --> 06:25.542 So I think that's the kind of freedom I could get that the kind of opportunity to help people. 06:25.542 --> 06:32.682 At the same time, when I started my career, one of my friend left his job completely. 06:32.682 --> 06:35.862 And that time I had, I think one and a half, two lakh saving. 06:35.862 --> 06:37.542 This is in 2018 and all. 06:37.542 --> 06:46.202 So I gave away my whole two lakh rupees investment, two lakh rupees cash to him so that he can start his trading investment and all. 06:46.202 --> 06:48.700 So all these things I could 06:48.700 --> 06:58.008 I was able to do because I really had money to actually support those people and all and then uh right now we I talk to everyone most of them I think we are in great relation they 06:58.008 --> 07:05.904 also respect the fact that I could help them when they really really needed it obviously I could have just invested that money that would have gone to some excited amount of money 07:05.904 --> 07:17.934 but I think that point of time when I when they really needed money and I had that money to you know help them I think that's very ah important for me to be frank 07:18.098 --> 07:24.006 I think in that way, but like that relation when I was saying about relation that kind of helped me a lot. 07:24.006 --> 07:27.870 Okay, like this also a lot of problem people just don't understand it. 07:27.931 --> 07:32.115 People just think it's very evil or like this guy makes a lot of money. 07:32.176 --> 07:37.402 But I think he makes money maybe for himself or just helping others and all like 07:38.110 --> 07:39.581 Yeah, I think that's true, right? 07:39.581 --> 07:44.064 Like if you have money only then you will be able to help somebody, right? 07:44.064 --> 07:54.441 um And then like I think at least within family, friends, I think you should have that mentality that, you know, if somebody is in need and if I have the money, then you know, 07:54.441 --> 07:56.612 why not just go ahead and help them. 07:56.649 --> 07:58.460 Yeah, I think that's false. 07:58.460 --> 08:07.795 mean, and most of the most of the time, think majority of the problems and problems that people usually face is always related to money only like, I don't think it was like, I 08:07.795 --> 08:08.796 need emotional support. 08:08.796 --> 08:14.549 I need like some couple of beers and all even to have beers you need to have money. 08:17.011 --> 08:18.011 So yeah. 08:18.115 --> 08:22.630 So did you always want to build wealth or did that ambition came later? 08:22.835 --> 08:26.151 No, so I like I always wanted to like 08:26.151 --> 08:29.273 open a business of my own or start something of my own. 08:29.273 --> 08:33.114 But eventually I was like, okay, let me take step by step and all. 08:33.114 --> 08:43.951 So when I turned 25, 26, when I started taking my finances very, very seriously, I was like, need to, if for example, something happens, okay, let's take a simple example, 08:43.951 --> 08:44.139 right? 08:44.139 --> 08:56.045 With the pace at which AI is moving, with the pace at which Claude is releasing their own tools every other day, I won't be surprised if all the jobs, all the good business jobs, 08:56.045 --> 08:59.182 after development jobs uh would. 08:59.627 --> 09:03.667 be cut down by 70-80 % is the coming next one and a half two years. 09:03.667 --> 09:09.627 Now in that scenario, it is not like that, oh, something bad has happened to me or something like that. 09:09.627 --> 09:12.067 Now in this scenario, I need, there are only two ways. 09:12.067 --> 09:21.227 Either I get really, really, really, really just super good, super hard worker and I use AI and work my job day and night. 09:21.227 --> 09:22.387 Or I become very smart. 09:22.387 --> 09:26.047 Either I, the smarter way is care, okay, let me just invest in a lot of AI stocks. 09:26.047 --> 09:27.595 Anyway, everyone's going to use AI. 09:27.595 --> 09:33.075 So let me just invest in those stocks and eventually if anyone, everyone is going to use that stocks are only going to go up. 09:33.075 --> 09:35.795 So I think that is where I started making relations care. 09:35.795 --> 09:42.735 Okay, the objective was care to create wealth so that I don't have to be stressful about a lot of situations. 09:42.735 --> 09:53.975 Like when you are in private sector and all, like when you are working as an employer and all, how much ever great or the craziest employer you are, you are just an Excel sheet. 09:54.037 --> 10:02.721 to be, you are just an Excel ro you can be deleted any time of the day any point of the life irrespective of how much ever loyal you are to the company and that is not because 10:02.721 --> 10:10.844 the company hates you it is like if the situation turns bad and they are like I want to cut my wage bill and you are in the highest wage bill I am so sorry I will have to let you 10:10.844 --> 10:21.769 go so it's not like that someone wants to do it but you never know how situations turn up it's better that you plan pre-plan things of the good and worst case the 10:21.959 --> 10:30.309 I think the challenge majority of the people is they just consider everything as a best case and they never consider what worst case might happen like if my job is going great 10:30.309 --> 10:38.739 everyone thinks that I'll keep getting promotions I'll always be in the great skill but but there's also probability that they might think that we actually don't need you and you 10:38.739 --> 10:42.235 are a very expensive resource right so I was 10:42.235 --> 10:45.056 seen that happening with so many companies now, right? 10:45.056 --> 10:53.851 Like, uh at least in the US, it's like almost like lot of companies in the last two years have laid off so many people. 10:54.204 --> 10:59.105 It could be due to AI, could be due to a lot of hiring they did during COVID and things like that. 10:59.105 --> 11:05.759 But I think still, like so many people lost their jobs and now so many of them are in the market. 11:05.759 --> 11:08.511 And it's a really bad situation here at least. 11:08.511 --> 11:10.071 I think just a stack. 11:10.071 --> 11:13.111 just was listening to some podcasts two days back. 11:13.111 --> 11:25.031 So the top five Indian companies, the top five IT companies have hired a net of 17 people in the last one and a half year net of 17 people, including people they fired, they hired 11:25.031 --> 11:27.131 and everything and all this just 17. 11:27.351 --> 11:31.600 Okay, that's 11:31.600 --> 11:38.400 I mean, it is nothing right, like 17, you can't even get from a college. 11:38.400 --> 11:43.191 Like they used to hire 17 people from each classroom, maybe. 11:43.191 --> 11:47.304 Yeah, yeah, So that's I think that is where I thought care I need. 11:47.304 --> 11:55.579 So this is what I was talking about building wealth, not to obviously like a lot of people think that building wealth is I'll go and buy a G wagon and all. 11:56.080 --> 11:58.061 And you have a lot of wealth, can definitely buy it. 11:58.061 --> 12:04.316 But I think the larger objective is when you have wealth, you can be very peaceful about oh turbulence times and all. 12:04.316 --> 12:11.811 Like, for example, sometimes I really get stressed about not stress, I really think about, okay, like the pace at which AI is moving. 12:11.943 --> 12:15.133 it would take a majority of part of my job. 12:15.133 --> 12:19.807 My job would just to be an AI generalist, manage things and ah do and all. 12:19.807 --> 12:28.551 But at the same time also know that if AI goes 100 % scale and uh like touchwood if I lose my job, I don't have to worry so much because I've already built wealth. 12:28.551 --> 12:38.226 Even if I don't do anything, I can have a more than basic amount of income that is coming to me through which I can like live my life without thinking so much about it. 12:38.226 --> 12:40.907 And I have a lot of space to explore things. 12:40.907 --> 12:46.800 Okay, like for the next seven, eight months, I can explore uh different fields and not worry about basic needs at all. 12:46.800 --> 12:49.922 I think that is what the definition of wealth is. 12:49.922 --> 12:58.812 according to me and I think everyone should see it in that way that how much freedom and peace it buys for you and not the amount of material 12:58.812 --> 13:02.867 perspective change recently or was it always like this? 13:03.083 --> 13:11.143 I think initially when I started building my corpus, the idea was to build more and more corpus and all. 13:11.143 --> 13:24.123 But once I reached one crore in Indian rupees and all, which is close to I think 85, 86,000 dollars and all, is when I realized that, I think when I have and this I'm just 13:24.123 --> 13:26.763 talking about US market corpus and all. 13:26.763 --> 13:32.803 I I was like, when I had this, was just thinking if like if something happens. 13:32.811 --> 13:42.351 I still have this much amount of cash even if I put into like fixed deposit or I just leave it with even a CAGR of 12-13 % that I can take. 13:42.691 --> 13:48.311 I'll still have a good amount of money coming into my bank every year without even thinking so much. 13:48.311 --> 13:53.291 I think that perspective changed when I started seeing that amount of money flowing into it. 13:53.291 --> 14:01.087 That when I had that like a CR corpus in my US market, that's when I realized, okay, like I think this is a good... 14:01.087 --> 14:10.879 place and it gave me a lot of peace about even if there's some turbulence I think a lot of things I can manage with this kind of amount of money and do it apart from this I also 14:10.879 --> 14:20.075 have Indian stocks, mutual funds and uh gold and everything else on but I think this is where I spend a lot of my savings into it so that's why I'm actually speaking more on 14:20.075 --> 14:20.275 that. 14:20.275 --> 14:21.155 Thanks. 14:22.421 --> 14:22.861 Nice. 14:22.861 --> 14:26.421 So let's get go back to your career and your engineering days. 14:26.421 --> 14:29.301 So I know you studied engineering at NID, right? 14:29.301 --> 14:33.541 So when you were in college, were you already thinking like an operator and a builder? 14:33.541 --> 14:37.261 Because I know your role in Zomato has been just doing that, right? 14:37.261 --> 14:42.095 So or were you still figuring out stuff of where I should go in college? 14:42.095 --> 14:51.079 I was in college, I mean, I just went to college with a very open mind thing and all just because I got a rank and a free government seat. 14:51.079 --> 14:53.470 my dad was like, go have some fun and all. 14:53.470 --> 14:54.097 just went there. 14:54.097 --> 14:56.261 I tried to explore things. 14:56.261 --> 15:00.563 uh initially wanted to get into government exams and all because why not? 15:00.563 --> 15:01.303 That's all. 15:01.303 --> 15:02.984 That's what everyone thinks and all. 15:02.984 --> 15:07.085 So, but over the period of time, uh I explored different things. 15:07.085 --> 15:09.586 I started reaching out to lot of startups and all. 15:09.586 --> 15:11.199 started speaking to them. 15:11.199 --> 15:18.521 That's when I realized uh what startup culture is, what finances are, how people are making money and all. 15:18.521 --> 15:29.565 So what made me change a lot of thinking during my college days is I used to meet a lot of entrepreneurs who were not from a great pedigree, but they were making a lot of money. 15:29.565 --> 15:30.685 And then I used to compare it. 15:30.685 --> 15:36.117 Okay, like, I studied from an IT, a lot of people studied from IT, even despite passing out of them. 15:36.117 --> 15:39.278 college they just make maybe 12, 13, 14 lakh rupees a year. 15:39.278 --> 15:47.712 This guy is not even from any college and all but he's making so much of money just using his smart street intelligence and all. 15:47.792 --> 15:52.233 Right, so I think that is where I started interacting with more with them than I understood. 15:52.233 --> 15:54.204 Okay, like this is not how real world works. 15:54.204 --> 15:57.787 Real world works with where people are actually solving problems and all. 15:57.787 --> 16:03.778 I think that is where my passion towards entrepreneurship and business started increasing a lot. 16:03.878 --> 16:04.698 And 16:05.673 --> 16:10.294 Yeah, I think that is where I think my interest also lied. 16:10.294 --> 16:13.641 I started exploring more things in those directions and all. 16:14.197 --> 16:17.849 So I think I was not really thinking about finances. 16:17.849 --> 16:24.972 think uh for the initial three, four years of my career, I was very clear that I really want to build a lot of skills. 16:24.972 --> 16:30.495 really want to build my uh core fundamentals and skill set and work ethics. 16:30.495 --> 16:35.787 Once I build it very strong, then I'm going to go and ask, have I amount of money from people? 16:35.787 --> 16:37.798 So I think that is what I did. 16:37.798 --> 16:39.689 There's a quote from Dale Carnegie. 16:39.689 --> 16:44.151 I exactly don't remember, but it says like, you know, once actually 16:44.151 --> 16:53.763 don't remember exactly but it says that you your skills should be so great that people are ready to pay you so much of money that you don't even ask for it. 16:55.627 --> 17:06.027 So I think that was what I believed like till 24-25 I was very skill driven I used to work 13, 14, 15 hours because I was happy to understand how businesses work, how things work, 17:06.027 --> 17:07.407 how xyred works. 17:07.407 --> 17:16.207 Post that then I was like okay now I have built the skill and I really did not wanted to be a guy who has good degrees, good batches but 17:16.393 --> 17:22.385 he or she he was like, you know, blank from inside like a lot of times you have wealth but that wealth is of no use. 17:22.385 --> 17:32.458 So for me it was similar like I had good degree I had good companies on my resume but they were not paying me enough then I was like I'll have to solve this out by myself and that's 17:32.458 --> 17:40.951 when I took all my finances in my hand and the larger reason why I took finances in my hand is because I'd asked my company for a lot of piece of they just gave me a very small 17:41.481 --> 17:51.103 Like they just gave me 5-6 stocks of ESOPs and then I was like okay this is not making me financial sense I'll buy things on my own I took it on my own And that's when things 17:51.103 --> 18:01.155 started very ah different Now I'm like I really don't care if someone gives me ESOPs and all because I have Nvidia KESOPs uh 18:01.574 --> 18:08.837 Yeah, I think that taking control of your finances is something, you know, the the earlier you start, the better it is. 18:08.837 --> 18:09.157 Right. 18:09.157 --> 18:12.678 Because otherwise you you won't even know where that money is going. 18:12.678 --> 18:19.193 And then it's like at the end, maybe after five, 10 years, you'd be like, OK, I didn't know what I was doing all these years. 18:19.193 --> 18:20.144 true, true, true. 18:20.144 --> 18:22.976 I mean, I'll be very frank just to give some stats. 18:22.976 --> 18:31.174 I know some of my people, people who have studied from great, like IM, ABC, colleges and all. 18:31.535 --> 18:38.461 And if I compare our similar ages, right, they're right now sitting at minus 30, minus 40 lakh debt. 18:39.643 --> 18:43.849 Like their overall net worth is like, I'm not trying to compare what I'm saying, but... 18:43.849 --> 18:47.080 because they came and discussed with me, like how did you do this? 18:47.080 --> 18:48.371 How did you go with this journey? 18:48.371 --> 18:53.023 We also want to learn because right now our current net worth is minus 20 minus 30. 18:53.023 --> 19:03.827 I think what you mentioned, I think the biggest change that I could write down thing is like two years back, I changed my thought process from salary to net worth that I need to 19:03.827 --> 19:10.290 focus more on generating my own net worth and wealth versus thinking of how can I increase my salary all the time? 19:11.190 --> 19:12.791 So I think that 19:13.095 --> 19:22.915 thought process change itself made me started to think everything in a very direct different direction altogether like i mean i cannot just create wealth by you know working 19:22.915 --> 19:33.851 100 hours a week obviously i can do it but i i need to be very clear with the kind of idea that i'm working the amount of uh time i'm going to spend on those things and so on and so 19:33.851 --> 19:41.911 on like i mean that time i felt okay the ai stocks were like booming and all and the only thing i did is i used to read a lot on 19:41.963 --> 19:47.083 those reports understanding what's happening talk to my tech friends Okay, what is the trend happening? 19:47.083 --> 19:53.423 Is this a good trend to have and then just leap of faith and just putting money into it So I think that direction will change care. 19:53.423 --> 20:03.863 I want to generate wealth versus I want to you know, just make more money by salary I think that thought person obviously I'm really grateful that I have a pay paycheck and all 20:03.863 --> 20:09.411 that paycheck is helping me to generate wealth because I just I think 20:09.419 --> 20:16.099 I invest close to 81-82 % of my salary completely like the rest 19 % is how I manage my life. 20:16.099 --> 20:17.479 I mean, because I'm not married yet. 20:17.479 --> 20:21.399 I'll once I get married, I think that will come down to 30-40%. 20:21.399 --> 20:29.559 But yeah, still, I think that is also lot of percentage of investment like out of 100 rupees if someone is investing 50-60, I think that's also a great number. 20:29.559 --> 20:36.239 think according to all the financial people on the YouTube that I've heard, they say at least invest 20:36.874 --> 20:39.907 2030 but I think that's still double of it. 20:39.913 --> 20:41.593 Yeah, yeah, I don't know completely. 20:41.593 --> 20:44.393 mean, 80 % is I've it's unheard of. 20:44.393 --> 20:44.833 Right. 20:44.833 --> 20:50.013 I've never seen or I've, you know, I listen to so many podcasts and things like that. 20:50.013 --> 20:53.173 But like, I've not seen anyone having 80 % savings rate. 20:53.173 --> 20:54.987 I think that's that's really amazing. 20:54.987 --> 21:07.067 Yeah, I think that's again, I'm saying right that it also become is because it also depends on the base amount that you get like the base amount is higher than 10 % of that 21:07.067 --> 21:08.227 base amount is also a lot. 21:08.227 --> 21:14.207 But I was very clear that some period of years I'm okay compromising on all the lavish expenses and all. 21:14.207 --> 21:15.467 So I'm very clear. 21:15.467 --> 21:19.107 Okay, like what are the expenses I want to do? 21:19.107 --> 21:20.367 What are the expenses I don't want to do? 21:20.367 --> 21:23.587 And I largely used to invest on those things. 21:24.171 --> 21:32.451 I mean, like this, use, usually do this fund that if I get my money, the first thing I do is invest, invest first. 21:32.451 --> 21:35.831 And then only whatever money is left after that is what I think. 21:35.831 --> 21:36.211 Okay. 21:36.211 --> 21:39.211 Like I'll spend it. 21:39.411 --> 21:44.631 think the only lavish expense I have done till date is only two lavish expense. 21:44.631 --> 21:52.811 is buying a watch because I thought like you should have one good watch that costed me like 65, 66,000 and all. 21:52.893 --> 21:55.759 And then one, two, this Air Jordan. 21:56.757 --> 21:59.085 Just give us which watch do you have. 21:59.179 --> 22:02.215 I have a Tissot like Tissot watch, T-Race. 22:02.215 --> 22:03.150 Nice. 22:03.281 --> 22:03.947 Nice. 22:03.947 --> 22:14.467 So that is, I bought it because I thought I should like, you know, on some like sell some profits and buy something so that I remember that, okay, this is something I bought by 22:14.467 --> 22:15.727 myself from this. 22:16.573 --> 22:18.564 No, I think that that is also really important, right? 22:18.564 --> 22:24.936 Like the things that you like, um you should spend on those is what my philosophy is. 22:24.936 --> 22:25.357 Right. 22:25.357 --> 22:30.078 Obviously, it's not like I can tell you there are I like 10 things to go and buy 10 things. 22:30.078 --> 22:33.040 But one of the things that you like, you should definitely go and buy. 22:33.040 --> 22:37.231 Otherwise, what is the point of earning so much money when you're not able to do things that you like? 22:37.417 --> 22:40.388 I think there's one really good line. 22:40.388 --> 22:41.327 don't know. 22:41.327 --> 22:44.590 I Charlie Munger Warren Buffett said I exactly don't know. 22:44.590 --> 22:51.273 So I think someone asks him ask them key, you know, when is the right time to sell any stock. 22:51.273 --> 22:55.295 And that person says that when you really need that money. 22:55.910 --> 22:57.143 Right. 22:57.143 --> 22:57.794 I'm lucky. 22:57.794 --> 23:06.133 So right now I know for a fact that there's some situation that has come to me and then I have to like pay like I have to give 15 20 lakhs. 23:06.133 --> 23:08.275 So right now I'm in a good financial stage. 23:08.275 --> 23:12.599 Even if I just give that 50, it's not going to impact my portfolio a lot. 23:13.040 --> 23:20.527 So I think that's where I think wealth actually helps like again the peace and trust kind of things. 23:21.779 --> 23:29.208 Okay, so your story from 12 lakhs to one crore in three years is really inspiring like is there out there in the public also. 23:29.208 --> 23:37.167 So when people hear that they must be thinking, okay, there one there must be one big trick that Hershey's doing right, but what's the real story behind? 23:37.597 --> 23:47.226 Yeah, so I think so so when I actually started doing a lot of research and also initially when I started uh I just made a good plan out of it. 23:47.226 --> 23:51.299 I just when I was making I gave up myself uh 23:51.475 --> 24:03.308 like five years plan that okay in five years I'll reach a CR amount like 100k dollar amount and all so that once I reach it it compounds automatically to a million like by 24:03.308 --> 24:05.550 maths equations and all. 24:05.550 --> 24:14.409 So I realized okay like how much amount of money I should start investing and all so I started with that time I was very naive I was like okay uh I stay in India 24:14.505 --> 24:20.040 I don't understand Indian stocks a lot because there are too many variations like too many options and so on all. 24:20.040 --> 24:29.718 But then I used to think, so I think someone, think Peter Lynch only said like, like, you know, just try to understand stocks around you that you use every day and just see if they 24:29.718 --> 24:30.809 make sense to it. 24:30.809 --> 24:37.014 So I just sat and I was just thinking, okay, if I want to invest money, ah what are the products I used? 24:37.014 --> 24:43.779 I saw I use Nike, use Apple, Starbucks, Netflix, Amazon, Google. 24:43.787 --> 24:50.407 And then I was like, okay, like, and then I was like, okay, like, so these are the things that I use every day. 24:50.407 --> 24:53.087 And then I was like, shit, man, these are not Indian companies. 24:53.087 --> 24:55.587 And then I also started questioning why am I not using Indian companies. 24:55.587 --> 24:57.927 And then I saw a lot of Indian things. 24:57.927 --> 25:04.407 So largely Indian things that I use were mostly the daily use things like shampoos, soaps, etc. 25:04.407 --> 25:12.927 Things that you need every day that I'm using, but things I, things like laptop, phone, and I were all foreign companies at all. 25:12.949 --> 25:13.811 So was like, okay, cool. 25:13.811 --> 25:15.103 Let's just do one thing. 25:15.103 --> 25:17.628 I know for a fact that Amazon is a great company. 25:17.628 --> 25:22.017 I use Google and that time I thought process was very like, very like kid. 25:22.017 --> 25:23.495 I mean, that's the best part. 25:23.495 --> 25:26.537 of this investment story starting. 25:26.537 --> 25:34.303 I was like, okay, dude, I know Google I'm using my friend is using my 10 friends are using everyone's going to still use Google like for three, four days down the line. 25:34.303 --> 25:35.664 Everyone's going to use Google Maps. 25:35.664 --> 25:37.165 Everyone's using YouTube. 25:37.165 --> 25:38.656 I was like, okay, think a great deal. 25:38.656 --> 25:39.487 Let's buy it. 25:39.487 --> 25:45.523 Then I was like, here, WhatsApp, Instagram, who uses Instagram, WhatsApp and all they are all uh 25:45.523 --> 25:47.004 like, you know, bought by Meta. 25:47.004 --> 25:55.947 And there was one like very good series that I actually read about how the US economy and how the US entrepreneurship mindset works and all. 25:56.068 --> 26:00.940 So I was like, yeah, Meta bought Facebook, Meta bought uh Instagram, Meta bought WhatsApp. 26:00.940 --> 26:10.394 So they are the only one person who own the overall, they understand human psychology very well than anyone else in this world currently, any company, like every company tried to 26:10.394 --> 26:13.353 replicate, I think Google also tried to replicate Facebook. 26:13.353 --> 26:14.624 and no one could compete. 26:14.624 --> 26:18.858 So I was like, okay, in that thought process, was like, they are great in terms of human psychology. 26:18.858 --> 26:22.261 So I bought Facebook and so on and on. 26:22.261 --> 26:25.073 NVIDIA because I had this Windows laptop where NVIDIA sticker was there. 26:25.073 --> 26:29.317 was like, everyone uses NVIDIA, everyone uses Microsoft, just buy it. 26:29.858 --> 26:33.963 the great and now this is where luck also plays the part. 26:33.963 --> 26:36.504 2022 was the biggest crash. 26:36.504 --> 26:39.306 Like that time all stocks were super duper crash. 26:39.306 --> 26:40.363 ah 26:40.363 --> 26:57.203 across all stocks for I remember buying Meta at $99 Nvidia at like 20 25 $30 and all like all stocks like like yeah yeah so I mean right now it is like what at $178 and also before 26:57.203 --> 27:07.723 it went 10x rally right so before 10x rally I'm talking about so that time 20 $35 and also I bought a lot of stocks I don't think so much I just had some 5-6 bucks I just bought a 27:07.723 --> 27:10.183 lot of random stocks and all and 27:10.367 --> 27:20.870 for 2-3 weeks nothing happened 2-3 months nothing happened and then suddenly some rate change happened and the all stock went up and I was like dude like what like sub by 500 27:20.870 --> 27:31.051 dollars I was like okay that sounds like a great plan like I mean like earning 40,000 in Indian markets would have taken like 3, 4, 5, 6 months and years I was like okay this was 27:31.051 --> 27:39.727 one day change and then uh gradually the boom started the AI boom like started the chat GPT 27:39.807 --> 27:44.968 movement happened and the Microsoft Apple that's when all this thing started booming and all. 27:44.968 --> 27:48.259 So then when I started researching okay why are the stocks going up? 27:48.259 --> 27:50.400 is like you know Nvidia going up? 27:50.400 --> 28:01.673 Why is Meta going up and all that's when I started reading a lot about it because now because my philosophy that I was uh I stay in India I know if there's some Indian stock 28:01.673 --> 28:09.195 there's something happening in Indian stock very easy for me to take corrective actions and all right. 28:09.195 --> 28:11.255 because things are happening in US. 28:11.255 --> 28:12.895 I don't know anything what's happening in US. 28:12.895 --> 28:15.795 So I used to read a lot of US news every day. 28:15.795 --> 28:17.255 Okay, what's happening here? 28:17.255 --> 28:26.055 I used to use that bar and app or economic times or financial times and all I used to do Wall Street Journal and I used to read all these things. 28:26.055 --> 28:27.095 I was like, okay, what's happening? 28:27.095 --> 28:31.095 Let me read the news and also that's when I got the concept of AI. 28:31.095 --> 28:34.675 Okay, AI is going to do this, AI is going to do that. 28:34.675 --> 28:38.271 And then for me, what strike really, really 28:38.271 --> 28:40.493 biggest was there was this graph. 28:40.493 --> 28:43.755 don't remember exactly which investment company bought it. 28:43.755 --> 28:58.115 ah I mean, this graph that the AI is going to be the biggest ah increment of productivity per person versus any other any other industrial changes that have happened till date. 28:58.115 --> 29:04.279 take it industrial change, you take it the internet boom, the dot com boom, everything. 29:04.279 --> 29:07.231 This is going to be the biggest and and that 29:07.231 --> 29:09.192 graph said a very nice thing. 29:09.192 --> 29:19.219 It said that the biggest wealth creators for people have, have been for people who have invested early in the biggest possible changes that is happening. 29:19.219 --> 29:24.043 And right now AI is a thing that will increase on average 50 % productivity of everyone. 29:24.043 --> 29:26.594 I was like, okay, it sounds like a great plan. 29:26.594 --> 29:33.549 and, and I read people that make a lot of money in the initial of the decades of someone who was, you know, part of the technology. 29:33.549 --> 29:34.880 That's when I was like, okay, awesome. 29:34.880 --> 29:36.171 This sounds like a great plan. 29:36.171 --> 29:36.971 And 29:37.257 --> 29:38.707 I just started investing. 29:38.707 --> 29:45.731 just started reading a lot, a lot, a lot of uh about it just to get confidence on what where I'm putting my money. 29:45.731 --> 29:46.271 Right. 29:46.271 --> 29:58.176 Everyone would say that, it's so easy that you invested in just magnification seven and all, but you also need so much of confidence and you also need so much of ah faith in your 29:58.176 --> 29:59.997 own nation that you're going to put your real money. 29:59.997 --> 30:02.798 You need to have confidence that you're going to put your money. 30:02.798 --> 30:05.707 Like you're not some spit that who's going to pay. 30:05.707 --> 30:09.947 So for example, if I'm an Indian, want to invest in the US market. 30:09.947 --> 30:13.267 I need to pay 20 % upfront the tax. 30:13.311 --> 30:16.200 So how do you invest into US stocks from India? 30:16.200 --> 30:17.311 Just give us. 30:17.311 --> 30:19.391 IND money app, there is vested app. 30:19.391 --> 30:21.991 So these are two apps that usually use. 30:21.991 --> 30:28.031 So what happens is if I don't tell you 10 lakhs, 10 lakhs, there is no cost. 30:28.031 --> 30:30.391 There is no tedious that happens. 30:30.391 --> 30:34.411 Post 10 lakhs, there's a 20 % deduction directly. 30:34.531 --> 30:41.091 So after 10 lakhs, you put like 2 lakhs or 2 lakhs 20, 20 % of 2 lakhs 40,000 would already be deducted. 30:41.091 --> 30:44.459 And then the rest 1 lakh 60,000 is something you can 30:44.459 --> 30:45.839 invest in the US market. 30:45.839 --> 30:51.985 I used to invest a lot and I used to used to be paying me so much like I used to pay 20 % 20 % all the time. 30:51.985 --> 30:57.835 20 % is a lot right and then after that you will have to again pay for taxes on the gains as well. 30:57.835 --> 31:01.295 Yes, but it will like, mean, sum it up from there only. 31:01.295 --> 31:05.835 that 20 % your tax already paid, will offset from there only. 31:06.275 --> 31:07.715 So I, yeah. 31:07.715 --> 31:11.675 So I think that's where I got the whole concept of investing. 31:11.675 --> 31:19.595 then just I read a lot, honestly, I used to read reports of Tesla, Nvidia, try to understand what is this GPU. 31:19.795 --> 31:21.215 Like, okay, let me understand. 31:21.215 --> 31:23.475 And then I used to talk to a lot of my friends who are in Fang. 31:23.475 --> 31:24.915 They used to give me clarity. 31:24.915 --> 31:26.781 And then eventually I got 31:26.781 --> 31:40.924 into that loop so much and and then I just started investing and I just used my own faith I was like what is going to happen worst case I'll lose like 20-30 lakhs that's fine ah 31:40.924 --> 31:53.735 like I mean uh I'm grateful that I did that thing and pretty much worked well and still working well for me only 31:55.039 --> 31:57.615 So what is your corpus right now? 31:57.899 --> 32:05.979 So right now, if I include all the liquid, just the liquid, liquid thing, I think it would be around 1.35 something. 32:06.739 --> 32:17.905 Okay and then what is the asset allocation looking like between India, US stocks and then you said you have some mutual funds and gold and as well. 32:18.959 --> 32:21.059 close to 70. 32:22.819 --> 32:30.059 65-67 something exactly because exactly if to be precise I think it's something 32:30.187 --> 32:40.567 30 % 27 to 28 % is Indian rest is mix of gold and crypto currencies. 32:40.567 --> 32:42.867 Cryptos are right now like this. 32:42.867 --> 32:50.007 Earlier they used to contribute to 4-5 % of my portfolio but because they have fallen down a lot in terms of actually a lot. 32:51.247 --> 32:59.387 So right now that's the allocation and largely my profits if I talk in terms of profits and all out of 100 rupees chunk 33:00.467 --> 33:03.489 like 85 rupees would be coming from US market. 33:04.565 --> 33:05.565 Nice. 33:05.565 --> 33:07.945 So like this split between US and India, right? 33:07.945 --> 33:15.985 Is that about like opportunity liquidity, quality of businesses, or it's just that you just know US talks better. 33:15.985 --> 33:18.401 Like why so much into US? 33:18.401 --> 33:23.156 what I did is uh I thought so I thought in a very different way. 33:23.156 --> 33:33.234 just thought, I would want to invest in companies that I am very confident that will grow and I wanted to invest in the whole ecosystem. 33:33.867 --> 33:39.687 For example, not ecosystem exactly, but maybe the whole supply chain. 33:40.047 --> 33:45.187 For example, the way I used to think is, for example, if I'm typing some prompt that charge GPT. 33:45.447 --> 33:52.047 So I try to use to study or predict, okay, what are the 100 companies involved in this equation? 33:52.595 --> 33:52.995 Right? 33:52.995 --> 33:58.758 For example, okay, like if I'm typing, is, you know, there is some vector scaling happening. 33:58.758 --> 34:05.620 There's some, some, some computation that is going to read break, break it into different courts and then try to read it. 34:05.620 --> 34:07.591 There are GPUs that are supporting to it. 34:07.591 --> 34:09.302 There is some power energy to it. 34:09.302 --> 34:12.467 If there's some power happening, who is supplying the power to them. 34:12.467 --> 34:17.611 If someone is making the GPU, uh who are the backbones of those GPUs? 34:18.033 --> 34:23.218 that GPU is being made by some backbone, where are they getting their material from? 34:23.218 --> 34:29.904 And so from step one, I used to go complete backward, try to understand all the industries that are part of it. 34:29.904 --> 34:34.749 And then just used to hand pick the top companies of all the supply chain. 34:34.749 --> 34:37.230 And then I invested money on those then. 34:37.811 --> 34:44.673 right for example like Nvidia being the company that was giving the GPUs and everything at all. 34:44.673 --> 34:49.654 Now they are the most important one because without them the computation is not going to happen right. 34:49.654 --> 34:53.875 Then TSMC Broadcom are part of the same thing. 34:53.875 --> 35:03.358 Now Google, Microsoft are the one who are going to use build their own AI stack that people can use in their own industries and all. 35:03.658 --> 35:05.917 So that is where I invested money in. 35:05.917 --> 35:15.930 And then Palantir was a very like Palantir was a different like met altogether that I took because I think I was reading about it. 35:15.930 --> 35:18.507 I realized, okay, this is that one company. 35:18.507 --> 35:27.513 So this was a question that I asked to myself that, okay, for example, I say that, okay, you know, I have AI, I'll help you, you know, integrate in your company. 35:27.513 --> 35:35.315 So when I was reading Palantir, what they kind of do is like with their system is they say that, okay, you are a industry, you are a 35:35.435 --> 35:37.675 like maybe you're a coal mining industry. 35:37.815 --> 35:41.095 Palantir says that, you know what, you're a coal mining industry. 35:41.095 --> 35:44.715 I have systems that I'll help you make everything AI driven for you. 35:44.715 --> 35:46.515 For that, you need to pay me money. 35:46.575 --> 35:52.875 So that time I realized only I don't think any other company is doing this at this larger scale and only Palantir was doing that. 35:52.875 --> 35:56.135 So that's when I thought, okay, buy the same makes a good deal to me. 35:56.135 --> 35:57.955 Then that's when I bought Palantir. 35:57.955 --> 36:02.495 And then I realized if there's so much of data happening, people are going to attack, misuse it. 36:02.495 --> 36:04.843 That's where your crowd strike. 36:04.843 --> 36:19.123 Palo Alto, Zscaler all kind of companies come and so on like Micron, ASML, ASML I bought it at $700 thinking that okay even if it grows by 10 % CAGR I am very happy like it has 36:19.123 --> 36:28.103 doubled since I have invested like I had no one I would have thought a $700 stock went to like $1400- $1450 so I think that was my whole thought that okay I can understand the AI 36:28.103 --> 36:34.483 industry completely and I wanted to invest the whole invested in the whole supply chain 36:34.635 --> 36:36.801 So that is where I did it. 36:36.801 --> 36:40.970 that's where my most, so to be really frank, think I invested some, 36:42.827 --> 36:54.607 60, 50, 60 K dollars, thousand dollars into the US market and a point like three, four months back, it was up by 85, 86%. 36:54.607 --> 36:57.627 Right now it is somewhere around 65, 66%. 36:57.627 --> 37:02.227 But I am pretty sure this will go back to the normal numbers over the period of time. 37:02.227 --> 37:06.187 So it is just, I invested whatever principal amount I invested. 37:06.187 --> 37:12.573 I could see a larger amount of returns and predictable returns in the US markets because they are the one. 37:12.573 --> 37:16.246 were leading the whole AI technology across the world. 37:16.246 --> 37:19.329 if I had option to invest in the China companies, I would have done it. 37:19.329 --> 37:28.437 But largely, I think because I could see that dominance of tech only in US that invested majority of it. 37:28.437 --> 37:31.783 Now, eventually, now I'm changing my strategy. 37:31.783 --> 37:39.947 I'm putting more into gold, like previous to like, like US markets, I just used to invest in gold. 37:39.947 --> 37:47.047 like buying physical gold and all or I used to just give my money to my mom and she used to invest that in real estate. 37:48.602 --> 37:53.549 So what do gold and crypto, what role do they play for you? 37:53.675 --> 37:57.575 Yeah, so I just wanted to have better diversification. 37:57.575 --> 38:04.855 So because I just felt that my equity overall is 80-85 % of the portfolio. 38:04.855 --> 38:07.955 10 % would be mutual funds and all SIPs and all. 38:07.955 --> 38:14.275 SIPs and mutual funds I more see of them like a like what should I say? 38:14.275 --> 38:16.395 They're just like by the bank balance. 38:16.795 --> 38:20.155 Whenever you want you can like figure out and remove it for yourself. 38:20.415 --> 38:23.055 Gold and Bitcoin I personally 38:26.025 --> 38:41.455 people would start having more adoption because they want more independence out of systems and all and gold because I am a South Indian and like DNA is used to buy gold so I think 38:41.836 --> 38:51.522 yeah yeah yeah so my mom was very clear you should have gold you need to have physical gold because in times of recession all people uh want to have physical gold that still 38:51.522 --> 38:52.913 have a lot of value 38:52.979 --> 38:57.110 like your stocks might fall a lot but gold at this point of time keeps rising. 38:57.110 --> 39:01.059 It's very hard to say that the demand of gold is ever going to go down. 39:01.801 --> 39:05.435 Yeah, in the last two years, moms have been proved right so much, right? 39:05.435 --> 39:16.675 yeah, Recently, the gold rally, the silver rally, I mean, earlier in Hyderabad, what used to happen like for every marriage or every small event, people used to give silver spoons, 39:16.675 --> 39:17.995 silver cups and all. 39:17.995 --> 39:20.455 My mom is like, I don't think silver we should give. 39:20.455 --> 39:22.115 It's pretty expensive. 39:25.098 --> 39:25.861 Nice. 39:25.861 --> 39:26.322 Okay. 39:26.322 --> 39:27.724 So I think you're... 39:28.291 --> 39:30.611 also, like I have not just added into it. 39:30.611 --> 39:33.379 think I also have some hundred, 200 grams also. 39:34.387 --> 39:35.217 Nice. 39:35.759 --> 39:37.831 So your investing style is very unique, right? 39:37.831 --> 39:39.343 Like I've not seen like this anywhere. 39:39.343 --> 39:44.079 So like what kind of investor should not copy your style you think? 39:44.285 --> 39:45.996 Yeah, so honestly, I'll be very frank. 39:45.996 --> 39:58.401 in this thing, I think what I did is I read, I read, I think one of the biggest thing that helped me is reading a lot of different investor styles and all. 39:58.401 --> 40:02.824 And I think uh it's very difficult to copy someone's style. 40:02.824 --> 40:10.627 Maybe for example, I have my own insecurities, I have my own financial levels, I have my own income and I have my own emotions. 40:11.260 --> 40:11.751 Right. 40:11.751 --> 40:15.873 my level of emotions, everything is going to be unique versus yours. 40:15.873 --> 40:19.134 And my risk appetite, my way of thinking would be very different than yours. 40:19.134 --> 40:22.736 So what I realized is, yeah, let me think very practically. 40:23.396 --> 40:33.260 Like, do I want to make money like in next one month, two months, three months, or I'm okay with the slow game making, gaining a lot of money over the period of time. 40:33.860 --> 40:40.063 Because I think a lot of time people don't realize that keep peace of mind is also a very big part of your equation. 40:40.299 --> 40:51.530 I don't just don't want to put money and then realize shit man like during the time when like I think deep sea thing came and the market went crazy even during Claude when they 40:51.530 --> 41:01.941 launched Claude Cove or Claude code and everything when Gaga I was like very happily enjoying I was like okay like it's nothing it's fine because I manage my portfolio I'll 41:01.941 --> 41:03.963 spread it across in such a way that 41:04.095 --> 41:08.279 the lowest drawback would be like 2-3 % of my overall thing. 41:08.279 --> 41:09.450 So I think that is what I do. 41:09.450 --> 41:19.658 I usually think of like a theme that I know that this theme is going to increase, this theme is going to grow a lot and usually invest my money there rather than stock picking 41:19.658 --> 41:25.854 over this, this stock seems to be like, you know, it has good PE ratio, it has good growth opportunity and all. 41:25.854 --> 41:26.924 I usually don't do that. 41:26.924 --> 41:28.896 Obviously people do a lot of that. 41:28.896 --> 41:32.819 I just try to take themes, which themes will grow. 41:32.893 --> 41:36.176 and invest in those teams completely that okay, this teams is great. 41:36.176 --> 41:38.328 If not today, tomorrow it is going to grow. 41:38.328 --> 41:40.649 Let me just invest a lot of money there itself. 41:40.649 --> 41:42.170 Like very simple right now. 41:42.170 --> 41:47.274 Uh, like I have invested close to $10,000 in Tesla. 41:47.735 --> 41:48.396 Okay. 41:48.396 --> 41:56.883 And I know for a fact that Tesla is not doing it does a great and then kind of a, uh Yeah. 41:56.883 --> 42:02.859 But I know for a fact, I am just waiting for that day when Elon Musk launches his humanoid robots. 42:02.859 --> 42:04.239 there is only two things that will happen. 42:04.239 --> 42:07.819 Either the stock will go crazily up or the stock will crash crazily down. 42:07.819 --> 42:08.199 Right. 42:08.199 --> 42:12.099 And I'm pretty sure with the kind of person he is, the stock has to go up. 42:12.139 --> 42:19.919 And I was waiting for that day that, okay, the day it happens, I'll take the upfront stuff and I'll sell that stock. 42:19.919 --> 42:23.279 Like I'll short it completely and then move on to other stocks and all. 42:23.379 --> 42:24.559 So I think that is what I think. 42:24.559 --> 42:24.799 Okay. 42:24.799 --> 42:30.687 Let me invest in themes and the only, the only like part 42:30.687 --> 42:34.520 the real hard work part of this is you need to keep reading a lot of things. 42:34.520 --> 42:36.412 You need to keep hearing to a lot of interviews. 42:36.412 --> 42:41.696 ah So what I do a very smart thing is because I use Claude a lot. 42:41.696 --> 42:47.874 just like recently the AI Summit happened in India and Jensen was speaking about what is going to happen and all. 42:47.874 --> 42:54.786 So he just told these are the six new, these are the six industries that are going to grow crazily in the next four or five years. 42:54.807 --> 42:59.131 I just took Jensen's those videos, five, six videos of different things put on Claude. 42:59.131 --> 42:59.691 I said, 42:59.691 --> 43:02.134 just summarize me, tell me the themes. 43:02.134 --> 43:06.368 It only analyzed and it suggested stocks and then a lot of stuff it only did for me. 43:06.368 --> 43:11.443 Earlier this hardware used to take a lot of time, but now thanks to Anthropic. 43:12.024 --> 43:14.464 So that has solved a lot of that. 43:14.464 --> 43:23.325 has solved a lot of at least initial, you know, issues of gathering information, trying to figure out what that information means. 43:23.325 --> 43:32.816 I know we still have to analyze that information on our own, but a lot of that gathering piece and, you know, summarizing things like that, I think has been, you know, really 43:32.816 --> 43:34.457 helping with this AI stuff. 43:34.581 --> 43:37.056 So I'll just tell you a very smart thing that I did. 43:37.056 --> 43:42.046 ah So, ah I mean, can I share my screen? 43:42.717 --> 43:43.623 Yeah, yeah. 43:43.623 --> 43:44.525 Go ahead. 43:45.419 --> 43:47.131 just I think. 43:49.163 --> 43:51.443 Yeah, so I think I'll just show you. 43:52.283 --> 43:58.463 That's a pretty, I don't know if that's a smart thing at all, but okay. 44:05.579 --> 44:07.237 Okay, my screen visible? 44:09.333 --> 44:17.806 So for example, what I did is I told Claude, so I took all those five, six themes that were mentioned by Jason on the interview. 44:17.806 --> 44:21.037 I took those thought and put it into Claude. 44:21.037 --> 44:23.248 I said, key analyze everything. 44:23.308 --> 44:32.111 And I said, all the companies that are related to that theme, add them in one sheet and also. 44:32.489 --> 44:37.063 whatever the ticker price and so and so on their PEG ratio, P ratio and all those basic things. 44:37.063 --> 44:45.889 And I was like think this way that how would Warren Buffet, Benjamin Gahan, all the people I respect a lot, what would they say according to their theory? 44:46.390 --> 44:50.253 Like you know, so I said Claude, you know everyone very well than me. 44:50.253 --> 44:53.996 You know their theories, how they think and all. 44:53.996 --> 44:55.828 And then it just did. 44:55.828 --> 44:58.230 I was like, hey, think this way, there's five people in this room. 44:58.230 --> 45:01.342 They're debating on where to invest the next $1 lakh. 45:02.577 --> 45:06.990 and then it did a crazy analysis and all and then it gave me a final insight. 45:06.990 --> 45:16.855 Okay, like I think this is where why this person is picking what this person is picking what and I just took the common out of them like which meets all the criteria and I out of 45:16.855 --> 45:27.621 this I just put like because I have almost every one of it I just put uh I just took micron you know micron and where is this? 45:28.001 --> 45:31.667 Cg energy yes micron and Cg energy I just put my 45:31.667 --> 45:41.744 money into this talks with this analysis only that okay let's take this risk because I need to trust some somehow somewhere and that is what I did I took it. 45:41.744 --> 45:43.218 why these two companies? 45:43.855 --> 45:49.922 Ah, because according to all the investors, this seems to like be like a stock, great thing. 45:49.922 --> 45:50.827 I think for 45:50.827 --> 45:56.861 like Warren Buffet thinks this is the stock and then you take all of them and then you see what is the common stock between all of them. 45:56.861 --> 45:57.812 Yeah, yeah, yeah. 45:57.812 --> 46:02.998 So like then yeah, I think Yeah, so for example, yeah, this is the thing. 46:02.998 --> 46:03.923 So for example 46:03.923 --> 46:05.888 Yeah, this totally makes sense, right? 46:05.888 --> 46:08.904 Like, why would anybody not want to do this? 46:09.003 --> 46:10.173 So for example, very simple, right? 46:10.173 --> 46:18.167 See, if you see Micron technology, according to everyone, Warren, Beth, I mean, everyone is saying, dude, like just invest here, like don't think so much. 46:18.167 --> 46:29.612 And I also put all this, like, you know, the quant guys, uh the hedge funder traders, the value investors and everyone, like you debate and tell me, like, what should I do? 46:29.612 --> 46:36.234 And then obviously like now I also know what is the credit price because I was very skeptical because Claude was saying that, you know what? 46:36.355 --> 46:37.611 Put money. 46:37.611 --> 46:39.051 at $435. 46:39.051 --> 46:39.691 Right? 46:39.691 --> 46:43.631 When I put it, I did that somewhere around $400. 46:44.051 --> 46:47.311 And I think it is up by 20%. 46:47.311 --> 46:52.651 I think Micron is up by 10-15 % that time since I invested. 46:53.071 --> 46:57.651 And yeah, it also suggested me constellation energy, which is also pretty much up. 46:57.651 --> 46:59.651 And there is also Pertib holdings. 46:59.651 --> 47:02.451 This is up by 40 % since I bought this stock. 47:03.171 --> 47:07.339 So I pretty much keep doing this things. 47:07.339 --> 47:12.759 to have my like, you know, now this makes your life easier. 47:12.759 --> 47:14.739 for example, crowd strike. 47:14.739 --> 47:17.979 Now cross right holding, they are saying, yeah, just don't do it. 47:17.979 --> 47:18.839 Don't invest. 47:18.839 --> 47:20.019 And which is right. 47:20.079 --> 47:23.159 Stock prices anyway falling, like you don't have to invest in all. 47:23.578 --> 47:34.099 So I regularly, every one week, I made a cloud pot altogether that keeps suggesting me, okay, in this thing, what is the changes that you need to keep doing and all. 47:34.099 --> 47:35.999 So this is some smart thing I. 47:35.999 --> 47:45.251 keep doing because eventually you anyway have to do the research and try to do the same thing you did to why let me let that stock do it better. 47:45.981 --> 47:49.849 Yeah, I like the name of the Excel also multi million strat. 47:51.053 --> 47:52.997 I think you will reach there very soon. 47:52.997 --> 47:53.329 That's it. 47:53.329 --> 47:53.710 That's it. 47:53.710 --> 47:54.273 Same for you. 47:54.273 --> 47:56.401 I'm pretty sure you're already there. 47:58.414 --> 48:03.378 Okay, so I know you said that you're not financially free yet, right? 48:03.378 --> 48:06.960 And I actually think that makes your perspective more useful. 48:06.961 --> 48:07.231 Right? 48:07.231 --> 48:13.125 So but like, how do you bridge the gap between I've built solid wealth, and I'm actually free now. 48:13.222 --> 48:14.086 Mm-hmm. 48:16.691 --> 48:31.691 I think right now I just still feel there's a lot of place to go because I think right now maybe because I'm a bachelor right now so I just think the amount of money that I have 48:31.691 --> 48:41.547 built by wealth is enough for me but I think when it comes to my family and all so I think the way I've thought about my fire number or this like if today 48:41.547 --> 48:43.987 my basic expenses are 50,000. 48:43.987 --> 48:48.547 If I'm a married person, that expenses would be close to a lakh rupees. 48:50.267 --> 48:56.387 And over the period of time that one lakh will go to two, two and a half, three lakhs in the couple of seven, eight, 10 years. 48:56.387 --> 49:00.307 If I want two and a half lakh rupees a month, right? 49:00.307 --> 49:05.067 So I need to earn close to 36, 37 lakhs for passive income. 49:05.067 --> 49:05.547 Right? 49:05.547 --> 49:07.307 So that is how I calculate my thing. 49:07.307 --> 49:07.527 Right? 49:07.527 --> 49:07.727 Okay. 49:07.727 --> 49:11.327 Right now, for example, if I have one lakh, if I have one crore rupees, 49:11.467 --> 49:24.007 with my 2 lakh of basic if I just assume 2 lakh rupees is what I'm earning so then that's 50 months like that is close to four four and a half years like I can just think of okay 49:24.007 --> 49:32.967 like something happened my wife is also yeah like we just don't want to do anything just do this thing so I think that will sustain me for five years five or four and a half years 49:32.967 --> 49:40.107 and all yeah four four and a few years when I even think of spending lavishly completely right 49:40.107 --> 49:45.507 But now if I think that, like, like I also want to, you know, go for a travel trip. 49:45.507 --> 49:47.067 I also want to do social service. 49:47.067 --> 49:48.967 I also want to do blah, blah, blah, and all. 49:48.967 --> 49:59.807 Then I think that number goes to four, four and a half, five lakhs, six rupees or like to be honest, I just said that I think would be 10 lakhs a month or something like that, 49:59.807 --> 50:07.367 which is close to takes you to somewhere around 15, 20 crores on average. 50:07.367 --> 50:08.302 Okay. 50:08.473 --> 50:08.939 Okay. 50:08.939 --> 50:14.321 would say, so there's a lot of gap, there's a lot of space to be filled, there's a lot of things need to be done. 50:14.321 --> 50:20.362 But obviously the amount that we have made currently also helps with basic needs. 50:20.362 --> 50:24.794 But I don't think people are working hard just to live for basic needs, just to eat and sleep. 50:24.794 --> 50:29.905 They want to earn money so that they can live a great life, do things that they really want. 50:29.905 --> 50:36.387 So I think that is where I personally think and also I'm changing a whole lot of strategy of how I also think of investing. 50:36.387 --> 50:37.627 So right now, 50:38.101 --> 50:41.053 There is only way in which you can increase your investment. 50:41.053 --> 50:50.058 Either your investments do really perform well or you pump a lot of money and then uh that gradually increases over the period of time. 50:50.058 --> 50:53.191 So now I've started with the strategy 2. 50:53.379 --> 51:06.767 Okay, let me figure out how I can increase my income overall so that my wealth, my wealth still keeps growing and my income also is growing so that I can keep increasing my income 51:06.767 --> 51:07.731 that side. 51:07.731 --> 51:08.091 overall. 51:08.091 --> 51:14.055 So I think that is what I'm actually thinking that I mean, that's where I'm planning that I'm grateful for what I have right now. 51:14.055 --> 51:17.877 But the planning also is how do I reach from here to there? 51:17.877 --> 51:24.880 To be really frank, I mean, I was really lucky during the 2022 time when I got all the stocks very cheap. 51:24.931 --> 51:33.325 Obviously that keep getting stuff and all, but that helped me with the push, initial push me of investing wealth and all. 51:33.325 --> 51:36.479 Now the thing is how do I grow from here? 51:36.479 --> 51:37.409 How do I multiply? 51:37.409 --> 51:51.223 So the way I think for any decision in terms of wealth is where can I invest my money that would either give me decent CAGR or it has a probability that it might go 10x to LX in the 51:51.223 --> 51:52.903 next couple of years. 51:53.284 --> 52:06.087 And I try to make it a balance of both so that my goal is never to lose money that if I have invested 100 rupees, the max I'm okay with taking losses like maybe 30 rupees. 52:06.325 --> 52:08.295 but that 70 should come back. 52:08.295 --> 52:15.248 So I think that is where I think, I that's how I think and I'm planning for my whole future as well. 52:15.248 --> 52:25.541 Right now, even when AI stocks are falling, I'm very confident with the amount of usage of AI that is increasing, the importance of AI is increasing. 52:25.541 --> 52:33.759 I'm still uh like investing a lot on the top 15, 16 companies that are shortlisted and I'll keep adding. 52:33.759 --> 52:39.195 put those money only or maybe next for one year and then figure out what happens to the next. 52:40.309 --> 52:40.869 Nice. 52:40.869 --> 52:45.929 So like, you have a fire number in mind or do you want to achieve fire first of all? 52:45.929 --> 52:51.549 Like, or do you want to, I know that that's something like everyone wants to do, right? 52:51.549 --> 52:53.089 But do you want to do it first? 52:53.089 --> 52:56.489 And then if yes, then what does that number look like for you? 52:56.523 --> 53:01.223 Yeah, so honestly, obviously I want to reach the fire number. 53:01.583 --> 53:07.243 And I think for me, fire is more about the freedom than reaching the number and all. 53:07.803 --> 53:17.823 So currently, I think with current scenario, with all the marriage and stuff and all, I think that should be somewhere around 20 CR in Indian rupees to reach that fire number 53:17.823 --> 53:22.091 because I think at 20 CR, you can live a good 53:22.091 --> 53:24.091 decent life without thinking much about it. 53:24.091 --> 53:27.231 Good decent life with a lot of luxuries and all as well. 53:27.231 --> 53:31.371 With current, then it's just like you're living again basically in Trandola. 53:31.371 --> 53:34.071 I don't think that's something I'm at. 53:34.131 --> 53:38.011 And now I I I the So I can it. 53:38.029 --> 53:39.489 true. 53:39.969 --> 53:50.869 Okay, so for someone in their 20s who's like in ambitious earning and trying to build well like what should they focus on first career growth investing lifestyle control. 53:50.929 --> 53:51.711 What what do you think? 53:51.711 --> 54:01.675 Yeah, I think the first thing, the first and foremost thing I would suggest anyone, whoever is going to start uh like financial thing is you need to be disciplined about your 54:01.675 --> 54:02.065 finance. 54:02.065 --> 54:13.691 I think the biggest, biggest, biggest thing is the discipline about that irrespective of wherever you earn money from like that has become a matter even if I earn 100 rupees like, 54:13.691 --> 54:19.463 know, apart from like my job, there are also a couple of other things that I do where I earn money from. 54:19.805 --> 54:25.238 everywhere I earn 100 rupees, am like very used to that okay 50-60 rupees has to go into investment. 54:25.238 --> 54:28.720 That's like my first thought and then only I go into the expense part. 54:28.720 --> 54:39.657 So I think the biggest thing for everyone who is going to watch this podcast is you need to be very, you need to have a financial discipline that whatever money you earn, some 54:39.657 --> 54:47.011 percentage has to go into investing because if that mindset does not come irrespective of how much ever money you earn, you make 54:47.165 --> 54:52.640 one CR, two CR, three CR and you are saying, when I make three CR, I'll invest one, two crores. 54:52.640 --> 54:53.830 It's never going to happen. 54:53.830 --> 54:59.786 Even if you invest, you don't know exactly where to invest and the probability that you might lose money is going to be very high. 54:59.786 --> 55:06.611 So I think that financial discipline that, I'll start, you know, even if you're earning 20,000, you can still invest 2000 rupees. 55:06.611 --> 55:10.214 And it's like someone would say that, oh, 2000 rupees does not matter. 55:10.214 --> 55:13.197 But the point is like you will get into that discipline. 55:13.197 --> 55:16.427 One day it will be 2000 for maybe six months, it will be 2000. 55:16.427 --> 55:26.807 then you will gradually increase it to 5000 then gradually 10,000 and once you get into that loop it's very hard to break it like I mean there would be no way you will say you 55:26.807 --> 55:35.747 will be you know sleeping on road but you won't spend money from your investment that say that okay I am you know I'm going to spend this and all I think that is very important 55:35.747 --> 55:43.267 rest everything people can figure out but that discipline that for every income that I earn 20 30 40 rupees has to go into investment 55:43.467 --> 55:49.667 That is the big thing because when initially when also I started investing, I used to start with 5000 rupees, SIPs and all. 55:49.667 --> 55:54.727 And when I saw that over my 60,000 SIPs has gone to like 75,000, I used to get happy. 55:54.727 --> 55:59.167 Then I just went and people start visualizing themselves like with their money. 55:59.167 --> 56:01.747 Oh, you know, I invested in this stock. 56:01.767 --> 56:04.987 I invested 100 rupees and it has become like 200 rupees. 56:04.987 --> 56:07.967 Shit man, I should have invested like 20 lakhs and I would have made 40 lakhs. 56:07.967 --> 56:12.867 And then that thought process starts cribbing in and the people start 56:12.959 --> 56:15.920 getting into that loop and they start investing it completely. 56:15.920 --> 56:17.581 So for me, I think that's the biggest thing. 56:17.581 --> 56:19.722 does not matter how much amount is. 56:19.722 --> 56:25.784 You should start doing financial discipline every month whenever possible. 56:25.784 --> 56:30.686 And that is how the discipline builds and eventually you'll start figuring out stuff. 56:30.686 --> 56:32.493 Okay, I need to increase my purpose. 56:32.493 --> 56:33.377 I need to increase this. 56:33.377 --> 56:35.508 need to do all secondary. 56:35.668 --> 56:37.149 First have that discipline. 56:37.149 --> 56:38.770 It could be started mutual fund. 56:38.770 --> 56:42.453 I would not say to start with stocks because the probability 56:42.453 --> 56:45.864 for you to buying the wrong stocks and selling it wrong time was good. 56:45.864 --> 56:54.817 Or if you are a very lucky fellow in life, you'll find your first stock, you might make some money, but that will eventually drag you because you would think that this is because 56:54.817 --> 56:59.123 of your skills that you're done, it's just the luck factor that way. 56:59.123 --> 57:03.109 Obviously I also invested in a lot of places where I lost a lot of money. 57:03.109 --> 57:06.970 I mean, Starbucks, CEO change the stock dropped crazily. 57:07.170 --> 57:11.157 I bought Nike stocks, Nike stocks spend on by 50%. 57:11.179 --> 57:14.819 Like I bought UI path, UI portal went like this only. 57:14.819 --> 57:16.619 Broadcom also went 50 % off. 57:16.619 --> 57:25.399 So obviously a lot of times things does not go planned but the discipline always helps towards the growth. 57:25.399 --> 57:31.279 Like I mean I remember Tesla I bought it also when it was 200, 400, 450, 350. 57:31.359 --> 57:34.399 All the prices I bought it because it was just discipline. 57:34.399 --> 57:36.619 Like I mean even when the stock fell I bought it. 57:36.619 --> 57:38.719 Even when the stock was high I bought it. 57:38.911 --> 57:49.939 because that's my strategy I felt that is right it works for me so that's what people should definitely focus on start and keep start like you know have that habit and once you 57:49.939 --> 57:58.716 have that habit you automatically will start love investing more and you'll figure out yourself okay I need more income to invest I need to put money in Bitcoin and all like so 57:58.716 --> 58:00.177 and so and all and all 58:01.267 --> 58:01.978 Nice. 58:01.978 --> 58:02.418 All right. 58:02.418 --> 58:05.793 I think this was such an interesting conversation, Harsh. 58:05.793 --> 58:07.905 Thank you so much for doing this. 58:08.186 --> 58:17.208 I think a lot of people have learned a lot of things from your style of investing, your career growth, and all the other things that you have said. 58:17.208 --> 58:19.901 So yeah, just thank you so much for doing this. 58:20.201 --> 58:21.979 My pleasure man, thank you so much.