You Will Never Retire If You Don't Take RISK | Fyers CEO | 1% Club Show Ep 63

"I'll go as far as to say that there is no chance. The guy who invests in five different large cap funds for example or another risk averse person who wants to fire for instance has large cap hybrid debt fund and all of this stuff will never be able to become financially free by the age of 40 45 50 assuming they're not earning in crs."

"if one has to achieve financial independence over the next 10 or 15 years, then it has to be in an very aggressive asset class and within that a very concentrated category, in which there is conviction."

"I think for the goal of creating massive wealth like you mentioned is to not have more than three or four sectors. Take exposure to thematic funds if you want to do it through mutual funds. Right try to find opportunities in the bigger trends the bigger long-term trends in the economy like for example defense spending is going to become a long-term trend."

"You will see the manufacturing sector improve a thought because everyone's betting the government really wants to expand its manufacturing capabilities. They're trying their best to resolve the labor laws and the logistics problems that we currently have which make us extremely incompetent. But all these are decadal bets. They're not for this year or the next year."

"And an industry like chemicals which is so small there isn't even one large gap in that sector. Why is chemicals important? Because we use chemicals in almost everything around us like everything even in this room uh is made up of chemicals and so the people who manufacture specialty chemicals will thrive in the country obviously because they're the components they're the ingredients of the products that we use today."

"I think that India's roads need to improve before we can produce automobiles at the scale. Like India currently has 40 vehicles per thousand people. China has 800, US has maybe more than one per. So it's much much higher."

"I believe that every business will need to incorporate AI into their business else they will become obsolete in the next 5 10 years. Especially if you are in the digital business. If you are a physical business selling newspapers or if you're selling I don't know shampoo then might not affect you. But if you're in the digital business I think AI will become inevitable."

"The future of trading is automation using AI either or you can automate your trade even without using EI you need to configure your preferences up front"

"I think the banking industry is going to expand quite a lot because today u the like India's companies especially the private companies are very deleveraged right after what happened in 2013 and then covid in 2020 all sectors went into a deleveraging mode even rid of loans. Yeah. started paying back loans and just to protect themselves, right? And now with inflation at 3%. With um uh domestic demand which is on the rise but it will accelerate further as income of the citizens go up in general per capita income is going to go up with employment and and just even if nothing much changes it's going to go up. Right. Yeah. So you are going to see um a lot of money being made by companies and so for them to be able to cater to the demand they need credit and the credit and bulk of the credit will have to come from banks and so there will be a credit expansion over the next few years."

"So one thing about any gold rush I'm calling this a gold rush in the context of how people behave is that when something becomes extraordinarily popular very popular captures the imagination of every living being on earth so to speak. Yeah. um that will attract competition."

"Just because there's open AI doesn't mean that others aren't going to surface very soon, right? Um so typically what this is like an iceberg like what you see on top with AI is an iceberg underneath that there's a lot more which will come to surface later on. uh doesn't necessarily mean that it's going to become monopolized by one, two or three companies."

"They're probably going to grow up, but the valuations are not making sense right now because of the herds hype."

"The majority will continue to lose. Uh there is no way that a competitive endeavor will have majority winning."