[Spoiler alert: This article discusses scenes from the movie “Tamasha”. If you have not seen the movie yet, we recommend that you watch it first before reading this article.]
There are lots of movies which teach us many lessons, but we need to have an open mind to understand them and incorporate them into our daily life.
Some of the movies like Taare Zameen Par, 3 idiots, etc. have deep messages and a lot to learn from them.
Yesterday I went to see the Hindi movie Tamasha and really liked the messages the movie conveys.
The movie has a good story written and directed by Imtiaz Ali, superb acting by Ranbir Kapoor and Deepika Padukone and mind-boggling messages.
The following are the investment principles for all aspiring investors from the movie Tamasha:-
1.Follow your passion-
You will always be happy and successful in life if you simply follow your passion.
So before making your career decision, simply close your eyes and think what is that one thing you always wanted to do if earning money was not a factor.
Most of us fail to continue with our passion just because we fear whether we will be successful or not and hence opt for a safe career.
Just around 0.01% of the population go for their passion and they become role model for others.
If Lata Mangeshkar & Sachin Tendulkar would have thought in a similar way, then they would not be in a position as they are today.
The character of Ved (Ranbir Kapoor) had a passion for storytelling, but he couldn’t continue with it due to his dad’s pressure.
But when Tara (Deepika) poked his mind about his character of Don, he just couldn’t resist it and went through a mental trauma.
But finally, he was able to make through it and become successful by following his passion.
Similarly, if you have a passion to become a successful investor and love to read investment principles and evaluate the value of companies, then simply go for it.
Many of your close ones would try to influence you that it’s just a gamble and there is no guarantee of success.
But If you are really passionate about it, just go ahead and prepare yourself to face the challenges
2. Accepting your mistake-
In Investing if you are good at realizing and accepting your mistakes, you have a sound career going ahead.
Many investors fail at investing just because they are bad in cutting their loss-making investments.
Every investment principle states that we should never hold on to the loss-making investment if we have realized our mistakes.
When Ved realized his mistake, he left his job and went back to his home.
He was then determined that he will not look back anymore
Patience is the key to success in life.
Most of the time people lose money in the market just because they are not patient enough to hold onto their investments even though they are correct with their view and it is against the investment principle.
Warren Buffett said, “The stock market is a device for transferring money from the impatient to the patient”.
The worst part is that most of the investors in the market have a tendency of getting out of their profitable investments too early.
This is because by nature many investors are highly impatient with their profitable investments and show endless patience with their loss-making investments.
However, this is just the opposite of what a smart investor should have done.
In this movie, Ved had a great interest in listening to stories and spent his entire childhood in learning the process of storytelling.
He took long years to learn and kept practicing it by telling the stories to his family or by gathering a bunch of people.
He approached his father much later about his dream by the time he felt that he was capable enough to pursue it as a career.
However, it’s a different thing that his father didn’t agree with it and wanted a safe and secure career for him.
4. Make your investments simple-
When Ved meets Tara for the first time in Corsica (France), he clarifies in the beginning that let’s make it simple and not complicate the things by knowing names, details about each other and then falling into a relationship just like normal couples.
He proclaims his name to be Don and says that let’s say false details about each other and enjoy the days in Corsica and then never meet again.
Similarly, Investment principle suggests that it is very important to keep all your investments simple. People, in general, have a tendency to make use of complicated models like Discounted Cash Flow, etc. rather than looking into simple things like the quality of management and the business model.
Also Read: How to Evaluate management of a company
Warren Buffett said, “The business schools reward difficult complex behaviour more than simple behaviour, but simple behaviour is more effective.”
- Keep reading and discussing with others-
Someone has rightly said that books are man’s best friend.
One quality that is seen commonly in all smart and richest people in the world is that they read a lot.
Reading regularly will give you lot of wisdom which over the years will result in the warehouse of knowledge.
It will not happen overnight and it will take its own time.
There is so much to learn in the stock market that you may spend your entire life reading the books and still you will not be able to cover the whole thing.
So a sound investment principle is to keep learning and updating yourself with the knowledge.
In the movie, you will find Ved spent his whole childhood listening to the stories of the old man and he used to practice and improve his skills by telling it to his family and friends.
If you have watched the movie closely, then you must have noticed his power of visualizing the stories.
It is a great way of memorizing and retaining things in your mind for a longer time.
So if you believe that you want to build a career as an investor, then focus on the right set of investment principles to walk along the path.
Don’t let go your passion for anything.
Know More: 5 Finance Lessons from Bahubali Movie
If Mary Kom would have listened to her father and choose to stay with him instead of choosing the boxing gloves, then India would have received a lesser number of gold medals.
Initially, there is a lot of struggle on the path when a person chooses to do something different.
So it is you who have to choose whether you want to have a safe career or want to pursue with your dream career and in reality, no Tara (Deepika) would come to you to do the same.
We can guarantee one thing that you will be the world’s happiest person if you follow your passion in life
So if you have not watched this movie yet, I personally recommend watching in theatres and if possible go along with your parents so that they also understand the messages too. Stay blessed and keep learning!!!