Aly Khan Satchu is a financial markets analyst and the CEO of data firm Rich Management
Aly Khan Satchu on investing mistakes: All investors hoping to make money through investments must understand that investing is not a one-time thing. Rather, it is a continuous learning discipline. They must interrogate their investments instead of just following the herd. For example, the ‘quail egg’ saga was a salutary lesson for novice investors. Be a lion, not the wildebeest when it comes to being an investor.
Investing in the stock market: There are several things I have learnt as the key to success with securities, such as listening to what the senior officials in listed companies are saying, attending AGMs, and carrying out homework before investing. This is a critical itinerary that people looking to invest must follow. They must also learn how to cut losses and run their profits.
Losing money: One of the key lessons I have learned from sitting at the trading desk is that there will always be losses in investments. There are days when I have taken reversals. Usually, the challenge is to reduce the moments I take losses, and the size of losses. You must always have a very clear amount of money that is on the line and a quick, surgical stop-loss approach.
Women and investments: I have high regard for women’s approach to investment. It tends to be considered and defensive. The women I know have proven very shrewd. Many more should take on investments.
Aly Khan Satchu on creating wealth: In order to create wealth, you need to survey the world and pick your spots. This means that you’ll need to specialise and create excellence and high understanding around some area. Once you have picked your spot, then you should look out and there will be a vista of opportunity.