Yatin Shah’s journey, from a struggling student to building India’s largest wealth management firm, was nothing short of inspiring. His session was packed with hard-earned wisdom:

"Luck matters, but execution compounds."

1. Success often depends on timing, but enduring success is built on relentless execution.

Three Critical Questions Every Entrepreneur Must Ask:

• What problem are you solving?
• How large is the opportunity?
• Why do you have the right to win?

The 3P Framework for Value Creation:

• Product (what you offer)
• Platform (how you deliver it)
• Proposition (why clients should care)

2. Resilience > Planning

3. Ethics Isn’t Binary – Use a "moral compass", be right in letter AND spirit.

4. Wealth Management = Trust Business – It’s generational and reputation-led.

5. Compounding is Real – In brand, trust, talent, and returns.

Speaker: Navin Upadhyaya (CHRO, 360 ONE)

Navin’s HR philosophy was a masterclass in culture and career growth:

"Your network is your net worth."

1. Culture and Strategy

2. Extreme Ownership – Top talent solves problems.

3. Clarity in Identity Builds Brand

4. Perception is Shaped in the Cafeteria

5. AI Won’t Replace You, But Those Who Use It Better Will

• 70% on-the-job
• 20% peer-driven
• 10% formal education

Legacy is Built Daily – Even interns are seen as future builders at 360 ONE.

Peeyush broke down finance into digestible insights:

1. Equity ≠ Debt
Debt = Must repay (contractual)
Equity = Residual (paid last)

2. Finance = Structured Logic
Balance Sheet = What you own vs. owe
P&L = Performance
Cash Flow = Reality

3. Capital Structure = Capital Strategy

4. Funding Stages: Seed → Angel → VC → PE → IPO

5. Risk ≠ Volatility – Assess contextually, not emotionally

6. Diversification Isn’t Optional – That gap = opportunity

7. India is Under-Financialized But Changing Fast

8. Profit ≠ Success – Balance growth, predictability, innovation, and cash flow

9. Own the Language of Money – If you can’t speak finance, you can’t lead

Peeyush Chitlangia distilled finance into three core statements, the holy trinity of business health:

• Balance Sheet → What you own vs. what you owe.
• P&L → Performance (revenue, costs, profit).
• Cash Flow → Reality (actual money moving in/out).
  "If you can’t read all three, you’re flying blind."

Key Insights:

1. "Profit is an opinion; cash is fact."
Revenue on paper ≠ money in the bank. Many profitable businesses fail from cash crunches.

2. Depreciation = Strategy, Not Just Math
Spreads asset costs to reflect long-term value, not short-term pain.

3. Goodwill Isn’t Real Until Someone Pays for It
Brand value? Only counts if acquired (no self-assessed "premium").

4. Matching Principle
Record expenses when they generate revenue, keeps profits honest.

5. Assets vs. Expenses
Asset: Lasts >1 year (e.g., machinery).
Expense: Immediate cost (e.g., rent).
This distinction shapes business valuation

6. Market Value ≠ Book Value
Balance sheets show liquidation value; markets price perception + potential.

Sasha Mirchandani (Founder, Kae Capital) dropped unfiltered wisdom for founders and future VCs:

1. Find Your One Thing
Build your life around what you’re uniquely great at.

2. Luck Follows Those Who Jump In
Opportunity favors action-takers, not spectators.

3. Failure is the Tuition Fee
"In India, we shame it. In Silicon Valley, they celebrate it."

4. Be Unrealistic with Goals
Safe thinking → small outcomes. Audacity + execution win.

5. Cut Losses Fast
Time > money. Pivot or perish.

6. Say No to Almost Everything
Focus beats FOMO. Discipline = a founder’s moat.

7. The Team is the Thesis
Investors back people, not plans. Complementary skills > solo genius.

8. A Good Mentor Rewires Thinking
The best don’t give answers, they teach how to find your own.

9. Think Like Red Bull, Not Coke
Don’t copy giants. Break the mold.

Algorithmic Control Isn’t the Future. It’s the now.

1. Marketing is dead. Culture is programmed.

We don’t run campaigns anymore, we run influence ops. Social media has moved from selling soap to shaping belief.

2. You are not your user.

Instinct is not insight. The only truth is in revealed behaviour. If you’re guessing, you’re already behind.

3. Hijack identity to shape behaviour.

The brands people fight for are the ones that help them become who they want to be. That’s not marketing, that’s transformation.

4. Social media ≠ Instagram.

Influence lives across Reddit, Pinterest, Wikipedia, closed Telegram groups. It’s any platform where people seek meaning or community.

5. Data doesn’t give answers. It gives angles.

Data tells you where the pressure points are. Strategy is how you press them.

6. Build like a behavioural scientist.

Hypothesis. Test. Refine. Don't ship ideas, ship experiments.

7. Behaviour is always the brief.

Before you dream up a campaign, watch what people already do — and what identity they’re trying to grow into.

8. The best ideas feel strange at first.

If it feels familiar, it’s probably already been muted by the algorithm.

Speaker: Peeyush Chitlangia

Understand the Indian engine before you chase speed

1. India’s demographic window is now

60% of the population is of working age. This 20-year window is super powerful and the time to bet on India.

2. India is three countries in one

India 1 (consuming class)
India 2 (aspiring)
India 3 (non-monetisable)
Don’t build for “everyone.”

3. Don’t start with 140 crore.

Top-down TAMs are misleading. Focus on who has both intent and ability to pay.

4. India is a quick ’enough’ commerce market

Most users will trade speed for price. Scale comes from affordability, not just urgency. Understand the market you’re building in well.

5. Monetary policy shapes business models.

Interest rate changes shift loan tenures, demand, and even sector performance. The smallest change affects behaviour to a large extent.

6. Every ratio tells a story.

Understanding finance isn't about memorising formulas, it’s about interpreting business reality through numbers.

7. Capital efficiency matters more than size.

A large business that burns cash isn’t always better than a lean one that compounds quietly. Value is created when capital is used well, not just when revenue grows.

If you want to learn AI, build with it. Fast.

1. Start building.

AI starts to make sense only when you use it. Start building, keep iterating, and learn through action.

2. Creativity thrives under pressure.

Short timelines push clarity. Fast collaboration sharpens instincts.

3. AI is your co-founder now - From Canva to ElevenLabs, the tools are readily available.

You just need to start using them.

4. Brand is more than design.

It is what people feel when they see, hear, or interact with your product.

5. Build fast. Fix later

There is no perfect start. Launch early, learn quickly, and refine on the go.

Networks Are Built, Not Collected

Key Highlights:

1. Relationships are built, not requested.

The goal of a first meeting isn’t to close, it’s to earn a second one.

2. Move people down the funnel.

From stranger to acquaintance to friend - treat every connection like a long-term play.

3. Build trust before the ask.

Without credibility or common ground, a reference or introduction is just noise. The embodiment of right networking is trust.

4. Networking is research.

Know their interests, who they trust, and what they need, before you ask for their time.

5. You are your own platform.

People trust those who know themselves. Be clear on who you are before asking others to believe in you.

6. Don’t network wide, network deep.

Focus on the one relationship that moves you forward — not a list that looks good.

7. The real key to networking is inclusion.

Don’t just meet people, make them feel like part of your circle. That’s how you turn network turn into family.

Speaker: Karan Bhagat (Founder & Group CEO, 360 ONE)

Execution Compounds More Than Ideas

Key Highlights:

1. Wealth creation begins in the operating business,

Real wealth is built through execution, not just investment. Founders build it, investors multiply it.

2. Startups thrive in tough markets.

Volatility teaches humility, focus, and client obsession - traits that scale better than luck.

3. Three key privileges most ignore:

A strong platform
A risk-taking appetite
A solid education
Recognise them and use them fully.

4. Platform × Product × People.

These three don’t add, they multiply. If one is weak, the outcome breaks. It’s a multiplicative system, not additive.

5. Where you build matters.

Tailwinds matter. Geography and industry often decide whether you're swimming upstream or flying with the wind.

6. Focus is your early advantage

Go deep before you go wide. Specialisation builds trust, traction and value.

7. Effort > credentials.

With knowledge widely available, work ethic becomes your only real edge so build it early.

Speaker: Anirudh Sharma

Innovation Needs Grit, Not Permission

1. Build before the ecosystem exists.

You won’t always have policy, funding, or structure — pioneers create the roadmap by showing what's possible.

2. Earn trust through proof, not pitch.

Investors and governments backed them after the tech worked — not before. Show value, then scale.

3. Stay open to where your idea leads.

What started as a commercial product became a defence-grade solution. Let the market pull your vision forward.

4. Innovation isn’t always visible.

The most important breakthroughs like space traffic management happen in the background, not on magazine covers.

5. Solve problems bigger than yourself.

The best missions don’t start with product ideas. They start with real global challenges worth committing to.

Speaker: Vinita

Estate Planning Is Strategic Clarity

1. A will is not always enough

A will can be contested and only activates after death. A trust gives more control and flexibility across time.

2. Planning protects more than assets

It protects relationships, roles, and intent. Good structures prevent bad surprises.

3. Estate planning is for everyone.

Families of all sizes benefit from clarity. Not just the ultra-wealthy.

4. Start before you need to.

The best time to plan is when things are calm, not in crisis. Delay increases risk.

5. Control is peace of mind.

A good plan ensures your wishes are carried out exactly as intended, not left open to interpretation.

Not all growth is equal. Know what you're backing.

Key Highlights:

1. Know your market cycle.

Don’t confuse a bull market with being smart. Every asset class has a season.

2. All listed companies are either Cyclicals, defensives, disruptors. Play them differently.

Not all companies grow the same way. Match your strategy to the business type.

3. Valuation is not price.

Just because it’s cheap doesn’t mean it’s valuable. Understand the “why” behind the price.

4. Patience is the edge retail investors forget.

Institutions hold. Individuals panic. Choose your side.

5. Track return on capital, not only revenue.

Growth that burns cash without returns won’t last.

6. Think like an owner, not a trader.

Great investors treat equity like buying the whole business, not just flipping stock.

Speaker: Kalpen Parekh

Credit is about character, not just capital.

Key Highlights:

1. Debt is a trust game.

One default destroys years of credibility and access.

2. Bonds detect risk earlier than equity.

Watch debt markets to see trouble before it hits the news.

3. Yield is not a gift.

High return often signals high risk. Ask why it’s paying that much.

4. Cost of capital shapes ambition.

Entrepreneurs borrow more when rates are low but often build better when capital is tight.

5. India is still debt-shy.

Most investors chase equity returns. Understanding debt is your edge.

6. Borrowing isn’t bad. Blind borrowing is.

Used wisely, debt builds leverage. Used emotionally, it breaks everything.

Speaker: Sameer Nath

Clarity raises capital faster than hype

Key Highlights:

1. The team is the thesis.

In early-stage investing, the founder’s clarity matters more than the deck.

2. Great ideas are not always investable.

VCs look for return potential, not just problem-solving.

3. Venture is a long game.

Success takes 8 to 10 years, sometimes more. Don’t build for a quick flip.

4. Capital flows where the narrative is strong.

Storytelling isn’t fluff. It’s strategy when backed by insight.

5. White spaces are quiet opportunities.

If everyone’s talking about it, you’re probably late. Look for underhyped markets.

6. Not all companies are venture-backable.

Solve big problems, but understand whether your model fits the VC lens.

7. India is a long-term bet worth backing.

From deep tech to defence, Indian founders are building globally relevant companies and capital is following.

Products change. Principles don’t. Learn how capital is packaged.

Key Highlights:

1. Platforms matter as much as products.

Equity, debt, or real assets can be accessed via mutual funds, PMS, AIFs, or insurance. Understand what you're buying and how you're buying it.

2. Not all mutual funds are equal.

Passive index funds track markets. Active ones chase alpha. The right choice depends on your risk appetite and trust in fund managers.

3. PMS = control, but at a cost.

Portfolio Management Services offer customisation and flexibility but come with higher fees and tax implications.

4. Insurance is often disguised investing.

Many plans sold as insurance are actually investment products with lock-ins, fees, and lower transparency than mutual funds.

5. Asset allocation > stock selection.

Whether you're 25 or 60, portfolio construction matters more than product picking. Your strategy must fit your stage.

6. Investor behaviour impacts returns.

Most people underperform the funds they invest in because they buy high and sell low. Discipline beats timing.

Key Highlights:

1. Asset allocation beats stock picking.

Trying to time the market rarely works. A balanced portfolio across asset classes performs better over time.

2. Every asset has a role.

Equity for growth, debt for stability, gold for diversification, and cash for liquidity. Know what you’re holding and why.

3. Your strategy must match your life stage.

Younger investors can afford more risk. The right portfolio depends on age, goals, and risk profile.

4. ETFs offer efficiency without complexity.

Exchange-traded funds track market indices at lower fees than actively managed funds and often outperform over the long term.

5. Match maturity to goals.

For predictable returns, match your investment horizon to the product’s maturity. Need money in 2 years? Choose 2-year bonds.

6. Discipline > prediction.

You can’t predict the future but you can prepare. A strong strategy adapts to volatility without panic.

Key Highlights:

1. A Family Office ≠ Just Investments

Most Indian family offices today are investment desks. True family offices handle wealth, governance, legacy, relationships, and reputation holistically.

2. Wealth Isn’t Just Capital

There are six forms of family capital: financial, human, legacy, relationship, structural, and social. Money is just one part of the equation.

3. Legacy Is Strategy

A strong family name, shared values, and institutionalised culture can outlast financial success. Legacy needs to be documented and protected.

4. Family Conflict Is Expensive

The biggest destroyer of family wealth isn’t bad markets - it’s poor communication. Family charters, structured conversations, and governance reduce friction.

5. Structure Scales Continuity

From investment committees to succession planning, building professional processes into the family system enables growth across generations.

6. The World is Watching India’s Families

$84 trillion will shift globally over the next 30 years. Indian family offices are becoming powerful forces in philanthropy, capital markets, and global mobility if built right.

Key Highlights:

1. Ambition is not optional, it’s a responsibility

2. You’re alive in India’s breakout decade. It’s not about personal gain, it’s about showing up and building boldly.

3. Be hungry, not just smart

Intelligence helps. But what sets change-makers apart is relentless hunger and long-term drive.

4. Build a business around your life, not a life around your business

Don’t wait to “make it” before living the life you want. Design your path from day one.

5. First principles beat best practices

The boldest founders question everything. Just because it’s always been done that way doesn’t mean it’s right.

6. India’s growth story is once in a generation

GDP could triple in 15 years. Your time is now. Whether it’s investing, innovating, or building- take your shot.

7. Success without meaning will leave you empty

Whether it’s passion, impact, or purpose- figure out what drives you beyond money. Then scale that.

How tax shapes what you really earn

1. Tax isn't just deducted, it's designed.

India follows a progressive tax structure: the more you earn, the more you're taxed.

2. All income isn't equal.

Salary, capital gains, business profits, and dividends are taxed at different rates.

3. Post-tax is what really matters.

Always evaluate returns after tax, not just what’s shown on paper.

4. Structure shapes outcome.

Whether you earn as an individual, company, or trust — tax implications differ.

5. Global moves come with local rules.

Where you live and work determines where and how you're taxed.

6. Awareness drives better decisions.

Smart tax planning isn’t avoidance. It's about clarity, compliance and control.

Master your behaviour, master your money

1. Emotions drive money decisions.

Behavioural finance studies how emotions, instincts, and mental shortcuts shape financial choices.

2. Biases silently shape decisions

We all carry hidden mental shortcuts. Acknowledging them is the first step to better financial judgment.

3. The process matters more than outcomes.

Making decisions through a sound, consistent process is more reliable than reacting to market noise.

4. Losses feel larger than gains

We tend to hold onto bad investments too long to avoid admitting a loss, recognize and correct early.

5. Stay anchored in your ‘why’.

Know your own values, context, and risk appetite. Investing is personal, your process should be too.

6. Self-awareness is a financial skill.

Understanding your own behavioural biases is as important as knowing the markets.

Does gold still rule the world?

1. Gold is a global reserve asset.

Central banks worldwide, including the RBI, consistently buy gold to diversify reserves and reduce reliance on the US dollar.

2. Demand is rising in emerging economies.

India and China together account for over 50% of global gold demand, driven by both cultural and strategic factors.

3. Gold performs in times of crisis.

Whether it’s war, inflation, or market volatility, gold tends to hold or grow in value when other assets falter.

4. It’s more than jewellery.

Gold powers modern technology, from smartphones to AI servers, due to its unmatched conductivity and durability.

5. Gold offers unmatched liquidity.

Traded daily in volumes over 200 billion dollars, gold is one of the most liquid assets available globally.

6. It balances a portfolio.

Gold often moves opposite to equities and bonds, making it a powerful tool for diversification and risk management.

7. Digital gold is rising but currently unregulated.

While easy to access, digital gold carries counterparty risks until regulation improves.

Rethink success, redesign your career

1. Success is personal. Define it for yourself.

Don’t inherit someone else’s version of success. Reflect on what truly matters to you.

2. Your career is your identity, not just a job.

Think beyond titles and money. Focus on building a life of learning, growth, and purpose.

3. The 40-year career is real. Play the long game.

Chase fulfilment over quick wins. In a long career, alignment matters more than speed.

4. There is no single path anymore.

Careers today are flexible. You can shift roles, industries, and write your own playbook.

5. Be intentional in college. It’s your launchpad.

Use this phase to explore, build foundational skills, and reflect, not just achieve.

6. Curiosity is a superpower.

In a world of change, those who keep asking questions and learning fast will lead.

7. Learn how to learn.

Tech will keep evolving. Your ability to adapt matters more than any single skill.

The Best Investment? Character.

1. Skills matter, but kindness wins

Success is shaped not just by intelligence but by empathy, people skills and the ability to work well with others.

2. Hard work is non-negotiable

Regardless of privilege or opportunity, there is no substitute for consistency, discipline and deep effort over time.

3. Be a people’s person.

Long-term success comes from collaboration, not competition, with peers, mentors and colleagues.

4. Balance is powerful

A fulfilling life includes time for family, purpose and joy, not just professional achievements.

5. Integrity builds careers

In moments of pressure, character counts. Trust, reputation and doing the right thing are what sustain careers.

6. Choose to give back

True leadership includes giving time, energy and compassion to those with less. It is not charity, it is responsibility.

Decode Businesses like an Investor

1. Think like a business owner, not just an investor

Equity research is about understanding businesses deeply. It’s not limited to finance professionals.

2. Every company sits at the intersection of macro, micro, and management

Learn to evaluate the broader industry landscape, company-level performance, and promoter integrity.

3. If you use it, study it

Great investing often starts with curiosity, explore businesses behind products and services you use every day.

4. Read beyond the headlines

Annual reports, earnings calls, and management interviews are goldmines of insight.

5. Start with simple tools, stay consistent

Platforms like Screener.in and ChatGPT can help you break down company fundamentals clearly. It’s never been this easy, take advantage of it.

6. Clarity compounds over time

Consistent curiosity and habit-building are more powerful than textbook knowledge.

Why India’s Best Returns Are Long-Term

1. India’s transformation since 1990 is dramatic

From a license-driven, closed economy to a liberalised, competitive marketplace — post-1991 reforms changed everything.

2. Macroeconomic resilience stands out

Despite global crises, India’s markets and economy have stayed steady, showing structural strength.

3. Demographics are a core advantage

India is experiencing a prolonged working-age population boom – a rare opportunity globally – giving it long-term economic tailwinds.

4. India has what it takes to grow on its own

Natural resources, favourable geography, and a skilled population set the stage for sustainable growth.

5. Stock market is a mirror to long-term economic growth

The stock market mirrors real business growth and rewards patience.

6. Conviction matters more than timing

India’s story is long-term. Investors need to stay invested and not get shaken by short-term volatility or global noise.

The rise of REITs in India

1. REITs offer stability in uncertain markets -

When debt feels risky and equity feels uncertain, patient capital often flows to income-generating assets like REITs.

2. They provide predictable, tax-efficient returns –

90% of rental income must be distributed, and taxation happens only once at the REIT level.

3. Investors benefit from both income and capital appreciation –

REITs offer monthly or quarterly distributions along with potential stock price growth as underlying assets appreciate.

4. They reduce operational burden for investors –

The asset manager handles leasing, maintenance, and tenant management. Investors simply earn.

5. Diversification is built in –

Most REITs own multiple commercial assets across geographies, reducing single-asset risk.

6. India’s REIT market is young but growing –

Since 2019, REITs have gained traction, with 4 REITs and 25 INVITs managing over ₹75,000 crore in assets.

7. REITs bridge institutional capital and infrastructure development –

They allow governments and private players to unlock capital from existing assets and reinvest in growth.

Degrees decorate. Action compounds.

1. Startups often lose purpose while chasing scale but it’s possible to do both if values stay embedded in decisions.

2. Your 'why' will evolve and that’s okay but the need to be intentional never changes.

3. Formal degrees will matter less clarity, drive, and curiosity will matter more.

4. Speed without self-awareness breaks teams. Founders must understand themselves before building with others.

5. Saying “yes” to everything kills momentum. Purpose is also about knowing what not to chase.

6. You can’t outsource culture. It’s shaped daily by what founders prioritize, reward, and repeat.

Build on Truth, Not Tricks

1. Build from Personal Pain

Shashank’s journey started with his own fitness struggles, he built a brand to solve the problem he once faced.

2. Radical Transparency is a Brand Asset

Sharing both wins and challenges openly builds deep consumer trust, especially in a space where honesty is rare.

3. Don’t Just Sell, Educate

The Whole Truth didn’t just create a product, it created awareness thus turning content into a marketing engine.

4. Purpose is Pressure—but Also Power

Sticking to “100% clean” means higher operational difficulty, but also drives unmatched brand loyalty.

5. Define Risk for Yourself

Shashank reframed “risk” as fear of regret then acted despite it. Fear of failure shouldn't block pursuit of purpose.

6. Make Simplicity a Science

Simpler, fresher ingredients don’t mean simpler systems deep investment in data and supply chain tech is key.

7. Earn Market Share Through Consistency

Even with low initial awareness in some product lines, consistent quality and clear values are helping Whole Truth grow slowly and steadily.

Borrow Smart, Grow Smarter

1. Credit is Strategy, Not Struggle

Even billionaires borrow. Why? To use cheap credit for high-return investments without liquidating assets.

2. Know the Risk, Manage the Return

Lending against stocks requires active risk monitoring. It’s all about discipline, systems, and speed.

3. Relationships Matter, but Rules Rule

Trust opens doors, but credit decisions follow strict frameworks. Reputation and repayment go hand in hand.

4. Follow Passion, Not Prescriptions

Forget outdated career ladders. Choose what excites you—whether it’s finance, food, or fashion and go all in.

5. Be Curious, Stay Ethical

If it doesn’t sit right with your values, don’t do it. Integrity compounds just like wealth does.

6. Dream Big, Start Practical

Credit isn’t just about loans, it's about unlocking ambition. Use it smartly to fuel your ventures, not just your lifestyle.

India’s Property Boom Is Real

1. Real Estate Got a Reset

Post-2016 reforms like RERA, GST, and demonetisation cleaned up a broken system — today’s market rewards transparency.

2. Gen Z Will Shape the Sector

The future of real estate lies in how you live, work, and consume. Developers must build with your generation in mind.

3. Office & Retail Are Thriving

Despite global trends, India saw its best-ever year in office leasing — and retail malls are booming, not fading.

4. Affordable Housing Is Shrinking

Affordability is down, luxury is rising. That’s not sustainable — and it's a big opportunity for conscious disruption.

5. Don’t Be Fooled by Complexity

Good deals are simple. If a project doesn’t make sense in 5 minutes, walk away.

6. Networks Build Empires

In real estate, who you know matters. Relationships with financiers, regulators, and occupiers are make-or-break.

7. Recklessness Kills, Risk Doesn’t

Many developers collapsed because they confused risk-taking with recklessness. Know the difference.

Investing is Common Sense. Few Use It

1. Degrees open doors, but relationships, grit, and judgment shape success.

Your education may start the race, but your ability to navigate people and crises wins it. Many bright minds fail by missing common-sense decisions and emotional maturity.

2. Handle your ecosystem well—parents, peers, bosses, friends. It’s a life skill.

The way you deal with those around you defines your long-term resilience and credibility. If you can’t manage relationships, even intelligence won’t take you far.

3. Great investors apply common sense, not just data. Most people don’t.

Investing isn’t about brilliance, it’s about not doing dumb things at the wrong time. Most people fail by ignoring the obvious and chasing noise.

4. Timing is everything. Buy when others fear, sell when they’re greedy.

The best investment returns come when you act opposite to popular sentiment. Crisis brings opportunity but only for those who stay calm.

5. Communication is underrated—learn to influence, not just talk.

Influence comes from clarity and empathy, not just confidence. Those who can communicate simply and powerfully, win.

6. Greed with ignorance destroys wealth.

Reckless risk-taking in bull markets feels smart until it crashes. Most wealth is lost not in bad investments, but in overestimating oneself.

7. Cycles matter—understand history, sentiment, and valuation before investing.

No asset class stays hot forever. Everything is cyclical. Know when to get in, when to wait, and when to get out.