Nikhil Kamath, one of the co-founders of the online brokerage firm Zerodha, has recently garnered attention for his significant investment of 150 crore INR in Nazara Technologies, an online gaming company. In a conversation with Sonia Shenoy, the Executive Editor of CNBC-TV18, Kamath discussed his most successful and least successful investments from the past two decades.
When reflecting on his most successful investment, Kamath reminisced about his early introduction to the world of trading. At the age of 17, while working in a call center, he earned approximately 7,000-8,000 INR. He decided to invest the entirety of his earnings in shares of a company known as Maarsoft. In just one to two months, the stock’s value surged from 4 INR to 15 INR, marking his initiation into the world of trading.
Sonia Shenoy also inquired about his least successful investment. In response, Kamath compared trading to dating, explaining that both involve a certain degree of emotional involvement and attraction. He elaborated, “At times, it feels as if the market possesses emotions and attempts to draw you in or captivate you.” He further noted that initially, investments often appear promising, but market dynamics can change swiftly.
Regarding his partnership with Nazara Technologies, Kamath expressed his interest in furthering his involvement in the future. He had given the statement, “I view it as a long-term commitment. I am considering deeper involvement down the line, possibly advancing the esports gaming theme through them.” He also predicted, “I believe that in the coming decade, gaming will play a significant role in the ecosystem compared to its current position
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