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On the morning of the Battle of Waterloo in 1815, Napoleon Bonaparte smugly assured his generals – "I tell you Wellington is a bad general, the English are bad soldiers; we will settle this matter by lunchtime.” Just before the Titanic was about to embark on its maiden journey in 1912, one passenger asked a ship's agent for extra insurance on some valuables in her luggage. The agent replied, "Ridiculous. This boat's unsinkable." Captain … [Read more...]
The fast bowling legend Merv Hughes made a casual prediction 20 years back in the Australian dressing room in Perth. This is what he told his captain Allan Border after the Australians failed to get an “18-year old kid” out after trying for an entire day – “This little prick is going to get more runs than you, AB.” The rest, as they say, is history. Today, that “little prick”, also known as Sachin Tendulkar, is past his … [Read more...]
I completed (well, almost) the 2013 edition of my Art of Investing Workshops last week. The Workshops spanned 4 months and covered 7 cities, 11 sessions, 90 hours of discussions, and around 350 tribesmen (and a lot of tribeswomen). There were intense debates on specific topics around investing, lot of questions answered, and yes, a lot of questions unanswered for the lack of time. So, now, I have a proposal for you, whether you attended … [Read more...]
One of the oft-asked questions in my Art of Investing Workshops is – “How to identify the right equity mutual fund schemes from among the thousands available?” Well, here’s an e-book that tries to answer the question. How to Identify Winning Mutual Funds (Free E-Book) (You can also ‘right click’ and ‘save as’ to download the file) Let me know your feedback on the e-book in the Comments section below. If you like it, I … [Read more...]
Life is short! That’s what was the unanimous answer of respondents (aged 70 to 100 and above) in a survey, when asked – “What are the most important lessons you have learned over your life?” “Life is short,” a retired engineer told the researcher. “It passes in a nanosecond.” A 99-year-old woman said, “I don’t know what happened, but the next thing you know you are 100.” Well, this research study was forwarded to me … [Read more...]
One of the oft-asked questions in my Art of Investing Workshops is... "How can a small investor create his circle of competence?" This is a very important question, because “circle of competence” is in itself one of the most important facets of successful investing. … [Read more...]
In the course of my Art of Investing Workshops over the past three months, I have met several tribesmen who are fearful of starting out as investors. Plus, there are those who have been investors but are extremely fearful of taking their next step, especially given the uncertainty around. … [Read more...]
It’s been exactly two years since I quit my job to start on my own. A lot of people I meet now think I am lucky to be living a life of my own choice – following my passion...doing what I love doing. But it hasn’t been hunky dory all the way. Living without an “almost certain” paycheque has been a difficult transition for me. But then, it’s a choice that I made, and thus have no regrets. In fact, I find myself blessed and very … [Read more...]
First thing, SAIL is outside my circle of competence, and I have already written on BHEL and Engineers India (EIL)…so I won’t talk about these businesses here. Rather I have a few questions for you, in case you are competent to answer them. … [Read more...]
Noted Irish playwright and philosopher George Bernard Shaw opined, "Youth is wasted on the young." What he possibly meant was that many young people have everything going for them physically; they're in the best health they will ever be in, and their minds are sharp and clear. However, they lack patience, understanding and wisdom which results in so much wasted efforts. The energy that can be directed towards building a solid thought … [Read more...]
