January 15, 2018

How a school dropout compounded 50% returns for 13 years to outgrow the market

Working in a BPO (Business Process Outsourcing) at night and trading during the day, Nikhil Kamath managed to identify the method in the madness.  To have an elder brother, who was also a trader, helped. But as Nikhil says, trading is a solo sport no one can play it on your behalf. With nearly 15 years of trading and an enviable track record, Nikhil now has an institution-sized trading book.

His lack of education did not stop his learning process. Nikhil is a voracious reader, reading up on a vast range of subjects, but prefers books on mass psychology.

In an interview with Moneycontrol’s Shishir Asthana, Nikhil Kamath speaks about his journey in the market and what it takes to succeed.

Q. Nikhil you started trading when you were 16. What inspired you to take up trading that early?

I quit school around the ninth standard to play chess full time. I used to play for India that time. Around the same time, I started trading. I got interested as my brother was into trading. But after two years I quit chess. I did not go back to school. During this time I managed to get a part-time job in a BPO and continued trading full-time.

Q. So you learned to trade with your brother and what were your initial lessons?

Read more at http://www.moneycontrol.com/news/business/markets/how-a-school-dropout-compounded-50-returns-for-13-years-to-outgrow-the-market-2482879.html

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