Hello friends, after a very long time coming up with an interesting short story on market, till now we have heard stories narrated or heard as in foreign context, today I
have this Indian story – the story is quite interesting and very simple in
understanding – It goes like this
Once upon a time
in a very small Indian village there lived a poor Brahmin poet. His financial
condition worsen to such a level that he was not able to feed his wife and a
new born baby. Tired with his misery and poverty he decided to seek help from
the king. He went to the king’s palace where, King was playing chess with one
of his minister. King told him to visit his darbar (court) the next day and recite
some of his poems. Next day the Brahmin went to his court and on the
permission of the king started reading his poems and songs, King was pleased and happy with his creations & granted Brahmin
to wish something as a reward. Brahmin thinking for a second pointed his finger towards the
chess board & requested King to place one grain of rice in one box of the
chess and double that in the next box till the enitre chess board is filled. King laughingly said “Just rice grains ! - King was astonished by this and said, "You don’t want gold coins or land or big
house !”. Brahmin said “No, just one rice grain in one box an double that grain in next till
the entire chess boxes get filled, doing so I will feel that I received my reward.”
King and the
court started laughing on the simple thinking of Brahmin and king ordered his courtier's to bring rice grains. King's men started putting one grain in one chess box and two
grains in second and four grains in third and eight grains in fourth and so on,
when they reached tenth box, they needed to put in 512 grains. Till the twentieth
box, this number increased to 5,24,288 rice grains, and when they reached half
on 32th box this number increased to 214,74,83,648 rice grains and within hours
this number went into billions. Ultimately, the King had to
surrender to the intelligence of the Brahmin and gave away all of his riches to him because Kings promise is a promise to full fill his wish and this all started with just One grain of rice.
Moral of the
story – Never under estimate the Power of Compounding (Read one such real story on compounding - Here ), and investing minimum amount every month in SIP, can create great wealth for your retirement
. - READ SUCH STORIES HERE
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Disclaimer:
Disclaimer:
This is a personal blog and presents entirely personal views on stock market. Any statement made in this blog is merely an expression of my personal opinion. These informations are sourced from publicly available data.
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that was brilliant
ReplyDeleteThanks so much Arora sir, glad u visited and u liked the post.. thank you pls do read rest of the short stories too
DeleteWishing you a wonderful weekend sir :)
Wow, this was some brilliant story, the power of compounding defined and how? kudos
ReplyDeleteHii Datta
DeleteYes power of compounding should not be underestimated..the real example is wipro just http://bhavikkshah.blogspot.in/2010/11/power-of-compounding.html?m=1
10 shares for Rs.1000 is today's whopping Rs.52 cores
So start investing early in great instrument and see the power of compounding
Thanks and happy that you like the story
Wishing you beautiful and joyful weekend:)
I never understanding the ABCD of trading. So never commented on the post, though I follow your blog. This post I understood. Very nice and lesson to all.
ReplyDeleteThanks ma'am am so happy to see you here .. thank you so much and there are couple of more short stories too pls click on Labels : STOCK MARKET STORIES
DeleteI hope you will enjoy reading it they are off market
Wishing you a wonderful week ahead :)
Hi shah ji this is deepak tandon fca from delhi joined your blog just today hope to share mutual knowledge and experience with you regards..
ReplyDeleteGreat story..power of compounding in easy way. Brilliant.
ReplyDeleteWas a great admirer of your trading skills...but now fascinated by your story telling abilities..another feather to your cap and loved the story on generating earnings from previous earnings..
ReplyDeleteNice read!
ReplyDeletebrilliant story, it also teach us how to do Saving......
ReplyDeleteThat's a great story.....Thanks for sharing...!
ReplyDeleteWow! what n innovative way to make a layman understand the power of compounding! Keep up the good work!
ReplyDeleteVery compounding read 😊
ReplyDeleteThat's very interesting! Enjoyed it
ReplyDelete