Conviction – The Real Secret to Success
You can easily find the stock portfolios of India’s top investors—like the late Rakesh Jhunjhunwala—on sites like Trendlyne.
Since these investors have proven track records, it might seem simple: just buy the stocks they hold and wait a few years to get rich. So why doesn’t everyone do this?
It’s Not Just About Knowing What to Buy
The answer lies in one key factor: conviction. Having the courage and confidence to stick to your decisions is what really sets successful investors apart.
Why Conviction Matters
- Are You Willing to Bet Big?
Even if you see a savvy investor putting 20% of their net worth into a stock, would you have the guts to do the same? Most people won’t. They might cautiously invest only 1 or 2%, which won’t make much impact even if the stock soars. - How Do You React to Setbacks?
When a stock’s price drops, an investor with conviction might see it as a chance to buy more. But without that confidence, you’re more likely to panic and sell, losing out on potential gains. - Do You Truly Understand Your Investment?
If you don’t really know what makes a company a solid bet, how can you tell when it’s time to sell? Lack of understanding often leads to poor decisions.
Conviction Is the Real Game-Changer
What we often call secrets are really just part of the picture. The real difference is having the belief and determination to follow through.
This principle goes beyond investing—it applies to any goal you want to achieve.
Knowing the right path is one thing; having the conviction to walk it is something else entirely.
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