In this episode, we are joined by SEBI Registered Investment Advisor and technical analysis expert Nooresh Merani, who shares decades of market wisdom, brutal bear market stories, and invaluable investing lessons.We dive deep into the real-world returns from stocks and small cases, dissecting the often-misleading CAGR numbers. Nooren talks about his best investment—Bharat Rasayan, which delivered a staggering 6x in just 2 years—and his worst picks, including some textile stocks bought at the peak, highlighting how even seasoned investors can go wrong.We analyze long-term returns through the lens of the Nifty—from 6350 in 2007 to 12,000 only after 14 years post-2020—showing how buying at the peak can significantly underperform. Nooresh explains smart portfolio management by comparing two stocks: one that tripled and saw a 15% correction vs another with a 40% fall, helping us understand market psychology and risk.We close with a discussion on the current market patterns Nooresh is observing and what investors should be prepared for next.