But, after dropping out of school, did Nikhil Kamath always intend to launch a stock trading firm? There is no straightforward “yes” or “no” response.
Nikhil Kamath started his first work at a contact centre when he was 17 years old. He began dealing in stocks with a salary of Rs 8,00 per month and it wasn’t until a year later that he took trading seriously, and today Kamath, a millionaire, is the CEO of the country’s most successful stock brokerage business.
The Zerodha co-founder spoke to Humans of Bombay about his experience, saying that he began stock trading properly after his father gave him part of his funds and urged him to “manage it”
“He just had blind faith,” stated Nikhil Kamath.
Following that, he persuaded his call centre manager to do the same. “It worked for him,” Kamath explained, “and eventually, I didn’t go to work at all, but I was marked present because I was managing the entire team’s money.” “And then I quit to start Kamath Associates with my brother and in 2010 we launched Zerodha!”
But, after dropping out of school, did Kamath always intend to launch a stock trading firm? There is no straightforward “yes” or “no” response.
“My main goal after dropping college was to generate money. I came from a typical middle-class household, with MBA cousins, so queries like, ‘What is he going to do with his life?’ were posed “He stated.
His parents, on the other hand, had trust in him. “All my parents said was, ‘Don’t do anything that would make us seem bad!’ They thought I was smart since I was good at arithmetic. They had blind confidence in me!” Kamath said.
Speaking about the lessons he had learned from his experience so far, the Zerodha co-founder said, “From being a school dropout, to working at a call center, to Zerodha and True Beacon, I’ve figured out the two-three things I do well, and stuck with them. Becoming a billionaire doesn’t change that–I still work 85 per cent of the day and live with the insecurity of, ‘What if it’s taken from me?’”
“So my only advice is to not sweat about this stuff–five years later, the things you’re worrying about now, won’t matter–so why not do what you have to today & have ‘stupid faith’ that it’ll work out…somehow?” Kamath added.