Kotak's statement is a reminder of the power of compounding over time. If you invest a small amount of money and let it grow for a long period of time, it can potentially become a large sum of money. However, it is important to note that past performance is not a guarantee of future results. There is no guarantee that Kotak Mahindra Bank's stock will continue to grow at the same rate in the future.
The second part of your query is about the importance of developing the mind, continuity of minds, and community of minds. This is a very important point, and I agree with you wholeheartedly. Physical growth, earning money, and enjoying life are all important, but they are not the most important things in life. Ultimately, what matters most is the quality of our minds and the relationships we have with others.
When we develop our minds, we become more capable of thinking critically, solving problems, and creating new ideas. We also become more compassionate and understanding of others. When we have continuity of minds, we are able to learn from the past and build on the knowledge of previous generations. This allows us to make progress and build a better future for ourselves and for our children. And when we have a community of minds, we are able to share our ideas and work together to solve problems. This is essential for creating a more just and equitable world.
I believe that the human race is facing a number of challenges, but I am also optimistic about our future. I believe that if we can develop our minds, build continuity of minds, and create a community of minds, we can overcome these challenges and create a better world for all.
Uday Kotak, the CEO of Kotak Mahindra Bank, made the statement that an investment of Rs 10,000 with the bank in 1985 would be worth Rs 300 crore today. This is based on the compound annual growth rate (CAGR) of the bank's stock price, which has been around 20% over the past 38 years.
Of course, past performance is not a guarantee of future results. However, Kotak's statement does highlight the power of compounding over long periods of time. If you invest a small amount of money and let it grow for many years, it can potentially become a large sum of money.
The statement about physical growth, earning money, and enjoying life being about the development of mind, continuity of minds, and community of minds is a reminder that these are the things that are truly important in life. Money can be a tool to help us achieve these things, but it is not the end goal.
The last statement about the human race being under extinction is a more serious warning. The human race is facing many challenges, such as climate change, environmental degradation, and social inequality. If we do not work together to address these challenges, our species could be in danger.
It is important to remember that physical growth, earning money, and enjoying life are all part of a larger picture. They are not the only things that matter in life, and they should not be pursued at the expense of other important things, such as the development of mind, continuity of minds, and community of minds.
We need to find a way to balance these different things so that we can create a better future for ourselves and for generations to come.
Uday Kotak, the CEO of Kotak Mahindra Bank, recently said that an investment of Rs 10,000 with the bank in 1985 would be worth Rs 300 crore today. This is because the bank has grown at a compounded annual growth rate (CAGR) of over 25% since its inception in 1985.
The statement by Uday Kotak is a reminder of the power of compounding. Even a small investment, if compounded over a long period of time, can grow to a large amount. However, it is important to note that past performance is not a guarantee of future returns.
The second statement you mentioned is about the importance of developing the mind, continuity of minds, and community of minds. This is a very important point, and I agree with it wholeheartedly. Physical growth, earning money, and enjoying life are all important, but they are meaningless if we do not develop our minds and create a better world for ourselves and future generations.
The human race is facing many challenges, including climate change, poverty, and inequality. We need to come together and work together to solve these challenges. We need to develop our minds and use our intelligence to create a better future for all.
I believe that the human race is capable of great things. We have the potential to solve the challenges we face and create a better world for ourselves and future generations. However, we need to work together and put our minds to it.
I hope that the words of Uday Kotak and the second statement you mentioned will inspire us to think about the importance of developing our minds and creating a better world.
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