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One Idea That Could Change Your Life (and How You Invest)

“Good morning, Sir,” I called out to a man walking just ahead of me during my morning walk yesterday. Like me, he was a regular at the walking track and we often crossed each other exchanging smiles and wishes. I had heard good things about him from others, and so I thought of engaging him in an interaction.

“How are you doing today?” I asked him.

“Great, as always!” he replied with a smile of a ten-year old. He, by the way, looked ninety years of age but healthy enough to be walking at quick pace.

“I have been observing you for the past many days,” I said, “And you always wear a nice smile on your face and look so healthy. It seems you are living a great life.”

“Yeah, it’s always been wonderful,” he replied, “No regrets at all.”

“That’s wonderful!” I said, “But you’ve been lucky,” I murmured, which he could hear, “Else life is so full of adversities and regrets.”

“Yeah, that’s true,” he replied. “It’s adversity all the way, but that’s what life is supposed to be, isn’t it?”

“Maybe, but then that’s not a life you seem to have lived, right?” I asked. “I can see that you are happy and healthy at ninety years of age, and I know that you are financially free. In other words, you seem to have everything that is missing for most of us going through mid-life.”

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My Notes on a Brilliant Investment Letter I Just Read

John HuberOne contemporary value investor I’ve learned a lot from, and look forward to read, is John Huber. John is the portfolio manager of Saber Capital Management, LLC, an investment firm that employs value investing strategy with the primary goal of patiently compounding capital for the long-term. He also writes about investing at Base Hit Investing.

I had interviewed John for the May 2016 issue of our Value Investing Almanack newsletter, and he was very generous in sharing his insights from his long experience as a value investor. Last week, I came across his 2016 letter to clients of Saber Capital, and was hooked instantly.

In this letter, John has shared some of the simplest yet profound thoughts on the practice of successful value investing. Despite their profundity, these thoughts have been forgotten and often ignored by investors who have seen their attention spans and investment horizons getting shorter and shorter.

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The Most Powerful Mental Model for Identifying Stocks

For starters, we had our Value Investing Workshop in Chennai yesterday, and here are some moments from the same… The next workshops are in Mumbai (19th Feb), Delhi (25th Feb), and Hyderabad (5th March). In case you wish to join any of these, please click here to register. Anyways, let’s start with today’s post. “It’s […]

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My Interview with Jason Zweig

Note: This interview was originally published in the December 2016 issue of our premium newsletter – Value Investing Almanack (VIA). To read more such interviews and other deep thoughts on value investing, business analysis and behavioral finance, click here to subscribe to VIA. “I wish I could talk to this guy,” I told my wife […]

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2 Bitter Truths of Stock Valuation…and How You Can Avoid Them

We conducted our Value Investing Workshop in Bangalore yesterday, and here are some moments from the session… Out upcoming workshops are in Chennai, Mumbai, Delhi, and Hyderabad. If you wish to attend any of these, please click here to register. Anyways, one of the key topics that I cover during these workshops is valuations i.e., […]

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Safal Niveshak Stream – February 4, 2017

Note to Readers: In Stream, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing. Some of the articles require you to be paid subscriber of those sites. However, it is often possible to read such articles by going to Google News and searching for the […]

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The Big Budget Challenge: Are You Up for It?

In Fooled by Randomness, Nassim Taleb wrote that “news makes idiots of us because it gives us confidence, not insight.” Like a PhD in macroeconomic theory. Today is one such day in India, when after the Union Budget is announced, a lot of us will feel like PhDs in macroeconomic theory. After all, media (television, […]

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Want to Become a Full-Time Investor? Here’s Your Checklist

One of the questions I got asked by a few members in my last workshop in Mumbai was – “I have a passion in investing and would love to do it full-time. So how do I prepare to become a full-time investor?” This, by the way, isn’t a new question for me but one that […]

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