Networking, a key ingredient to succeed in markets.
Dec 21, 2023 11:41 pm
Good morning my dear readers,
Friday, Coffee, Cold winter Air and a short, brief Newsletter.
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Over the last few years, whichever interesting person I meet, I write down their name on a large sheet of paper, which I have stuck in my bathroom wall.
(Disclaimer, please take permission of wife before sticking papers on your home walls, it can cause serious mental and physical injuries ☠️😅).
The Mission, is to communicate once every 15-20 days with these people.
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Networking.
Just know this, if you want to go far in the stock market, you need to Network.
For example, if some investment banker is bringing a pre ipo deal, why would he give you a call and give that bite to you?
(Especially since all the funds are after his life to get a piece of that hot pre IPO transaction).
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Whether it's an industry insight or a pre ipo or a startup deal etc etc, the opposite person must ALWAYS remember your name first.
And all this boils down to your relationships.
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Networking also opens doors to career opportunities, in a HUGE WAY.
Someday, a serial entrepreneur may love your skill and energy and may just offer you the starring role in their new startup.
(You never know).
But what we know for sure, if you do not network with highly successful investment bankers, deal makers, entrepreneurs, career opportunities will hardly come your way.
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Mentorship, this is a key benefit of networking regularly.
Ah, how I wish I had the knowledge I had in my early teens!
I just DID NOT have a mentor who could guide me well and save me from years of learning from mistakes.
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Emotional support,
A stock market is often a very volatile place which can cause depression in bearish phases and often lead investors into making mistakes.
Networking with like minded, experienced investors, who have seen multiple cycles can be THE GUIDING LIGHT IN A DARK NIGHT 🌑.
Imagine, you own the Bank ETF and the market is crashing, but you know someone like Aditya Puri who is retired...when you are panicking, someone super experienced like him may just put his hand around your shoulder, tell you to calm down and buy some more.
🤷
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Hope today's newsletter message on the power of networking made sense to you.
If yes, please take your wife's permission, stick a large A4 empty paper on some wall in your home and start penning down important names and keep calendar reminders to regularly connect with the superstars of your life.
(Mehnat karni padegi, but it will likely pay off well).
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That's all for today's gyanbaazi session.
Ps- I am happy to outline that your Negen PMS trailing 5 year (60 months) CAGR has now reached +29.98%.
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(I really feel writing this newsletter has helped me a lot, I have had to research and think so much every week. Writing really is a great source of 'Personal Growth').
My Best,
Neil Bahal
CNO - Chief Networking Officer
Negen Capital
*I am too sleepy, please forgive any grammatical mistakes 🙈.
Disclaimer: This newsletter is for educational purposes only. While the newsletter discusses just general market insights and past case studies, still, the stock market is a very risky place which can result in losses.
Hence, always check with your financial advisor before acting on any contents of this newsletter
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No representation or warranty, implied or statutory, is made as to the accuracy, completeness or fairness of the contents and opinion contained herein. The information can be no assurance that future results or events will be consistent with this information. Any decision or action taken by the recipient based on this information shall be solely and entirely at the risk of the recipient
Again, investing in equity market has high risk. You must consult your financial advisor before making any stock market related decisions.
Negen Capital is a SEBI registered PMS & AIF.