Hello Sudoku,welcome back......
If you observe the rise of the big club and the names you mentioned, in over 90 % cases they have some other income stream and the money they earn from there they invest and multiply.....be it broking income,arbitrage,PMS,managing others funds and getting fee and profit sharing .They don’t depend on investing income to run their household expenses. Most of these names were direct/ indirect ( meaning through some other name ) Brokers of BSE or NSE and their daily income was much over Rs 1 L when most of us were earning salaries of Rs 5000 per month....so they has the critical mass of money which they invested and multiplied due to their excellent stock pickings.....they had huge drawdowns too...read Ramdeo Agrawal’s interview and you will know a few large drawdowns he suffered.
We as lesser mortals don’t have any other income stream so we have to generate the critical mass by trading and then invest that money for wealth creation....as the wealth increases,your trading commitment reduces and one commits more capital to investments....but base capital has to come from trading....as our base capital is small, we can never be in Rs 10,000 Cr league but with trading and then investing we can make ourselves totally financially independent and can reach a stage where even if we don’t earn a single rupee from trading,our investments ( in stocks,real estate,other businesses) will provide us income flow to have a very comfortable lifestyle....
Looking forward to your further posts detailing your important findings on the subject.
Smart_trade