Do you have to be great in academics to be in a successful career?
Well, I would not be the first one talking about this but, do you have the answer to this question?
It is not actually necessary to be great in academics to be in a successful position in the longer term. If you go and look in the real world the ratio of successful personalities to the people good at academics while in college or school balances itself out. I read somewhere that the people who were geniuses either revolutionize the world or they do nothing…the successful people are always the average ones. And I think there is somewhat some truth to this statement. I have covered many successful people on my blogs and most of them were average people. No geniuses in academics or anything.
The stock market follows the same rule, people have the misconception that one needs to be great in mathematics or probabilities to be a successful investor or trader but, the biggest people I know in this space have revealed the secrets quite casually that they have not used anything more than plus, minus, multiplication and division to be what they are and to be pretty big names in this space. You will definitely need other values like discipline, psychology etcetera which can all come by practice but nothing more than that.
Most of the successful people I know in this particular space had the urge to earn money from the markets and saw the markets as an opportunity rather than a field of education to excel in and change the world.
People started with small capital and then made it big in space.
The stock market rewards people with greater analytical skills and the people who are fast thinkers, it is always about the edge and the hedge. If you are not sure about the direction then always hedge your position before going ahead. These are all moral values and kinds of life teachings that are being used in the market on a regular basis to generate money.
It is the discipline of Stop losses in your trades and the discipline of no revenge trading that makes you money in this space, which is definitely not taught in any textbook or in any academy.
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This is the only field in which it is all about your brain and how you are developing it and It is very sad to say that most of the mentors would disappoint you at some point in time. It is only you.
Today we will talk about one of the successful personalities who were not very good at academics and has admitted in one of his interviews that he was pretending to study in the college while trading on his side and now advocates doing what you really love.
Let us dive deep into the life of Nithin Kamat, the Founder of Zerodha, and his early life with his current net worth.
Nithin Kamath Wiki
Nithin Kamath was born in 1979 in the small town of Shimoga, Karnataka, and is an Entrepreneur, trader, and stockbroker by profession famously known for his and his brother’s brainchild “Zerodha”, a financial services company also classified as a financial tech company that is the first to introduce in the Indian market brokerage free equity investments and flat trading charges on any amount of trades done. The companies headquarter is located in Bangalore and is one also the biggest stockbroker of India.
Although Zerodha is considered a brand in itself now and is an empire with multiple awards to its name, it was not always like this for him.
Let us go through the early days of Nithin and try to take a peek into his journey till now
He completed his formal education at the Bangalore institute of technology, Bangalore earning a degree in engineering. He was also an active trader while attending his university degree and has admitted that he has once blown up his trading account as any new trader would do. Due to this reason, he came under huge debt for which he had to work in call center jobs to repay his debts.
Nithin Kamath – Zerodha Founder Story
From 2001 to 2004 he worked as a senior telesales executive in Manipal Infocom while trading in the daytime and working in regular night shifts in order to repay his debts created from mistakes while being a trader.
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In 2004, Nithin laid the foundation of his entrepreneurial journey by establishing Kamath Associates, which was an investment consultancy firm and Portfolio advisory service company.
In 2010, Nithin along with his brother Nikhil Kamath launched Zerodha which became the largest brokerage firm of India beating bigger players with the vision of simplifying trading for the Indians as the name suggested: “Zero” which means zero, and “Dha” is the Sanskrit word for the barrier. It translated to Zerodha which meant no barrier and the same was the vision to make trading barrierless for the Indian investors.
In 2015, he launched Rainmatter which is a venture capital and private equity firm and is presently working as the CEO of the company.
He has earned many awards for his vision and execution of his businesses
Awards
Emerging Entrepreneur Award (2014) by the Confederation of Indian Industry (CII)
The emerging brokerage firm of the year (2014) by BSE and Dun & Bradstreet
The emerging brokerage firm of the year (2015) by BSE and Dun & Bradstreet
Top 10 Indian businessmen to watch out for in 2016
Ranked in the list of Forbes India 30 under 30, Finance in 2016
The Economics Times awarded him with Startup of the year (Bootstrap) 2016 by Economic Times
The retail brokerage firm of the year 2019
Zerodha topped the IIFL Wealth Hurun India 40 & under Self- Made Rich List 2020
Nithin Kamath Net Worth
The initial goal of Nithin was to build wealth but he never knew that it would grow this much and all due to honest business practices and regular technological innovations of Zerodha. I myself use Zerodha and found nothing better than the platform in this trading space. The net worth of Nikhil Kamath as of 2021 is more than 6500 crores and that is definitely huge.
