“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” -Bruce Lee
This quote talks about power of practice, perseverance and repetition.
It is said that 10,000 hours of practice makes one an expert in a particular field. Practising one kick 10,000 times makes one a master, an opponent to be feared by even by the likes of Bruce Lee.
By doing one thing, 120 times or 240 times, you also become a successful investor. That one thing is SIP. SIP over 10 (120 times) or 20 years (240 times) brings investment success.
Since actively managed funds (the kind of funds you are investing) do well in India, by investing regularly in them for long term, you beat most other investors including professionals.
95% may fall into the category of investors who earn significantly lesser than investment returns. Only 5% may make it.
Those 5% are the ones who practice one kick, 10,000 times; who follow one habit of SIP regularly without fail, 240 times.
There is no need to learn 10,000 different things like analysing macro economics, geo political factors, technical analysis, quant theories etc. Practise just one thing, only one thing, do SIP regularly without breaking even one instalment for next 20 years. This one thing would make you successful and respected by the Bruce Lees of the investment world.
One kick, 10000 times = Successful martial artist.
One method (SIP), 20 years = Successful investor.
All the best.