From the BlogSubscribe Now
One of the few investors Warren Buffett respects a lot is Howard Marks. Marks is the CEO of Oaktree Capital and is one of the most famous investors who manages to keep a low profile, despite managing almost US$ 90 billion. Marks is also the author of an amazing book - The Most Important Thing: Uncommon Sense for the Thoughtful Investor. In its ultimate praise, Warren Buffett writes, "This is that rarity, a useful book”. Apart from the … [Read more...]
I recently had the privilege of meeting one of the highly regarded value investors in India, Mr. Chetan Parikh in his office in Mumbai. Mr. Parikh is a director of Jeetay Investments Pvt. Ltd., a portfolio management firm. He is also associated with Capitalideasonline.com, a website dedicated to investor education. He had obtained his MBA from the Wharton School. He had written for 'Investment Week' which was a popular weekly financial … [Read more...]
I've received a few emails in the past from people saying that my way of teaching investing at Safal Niveshak is too simplistic...and that wealth creation isn’t as simple as I make out to be. Interestingly, some even ask me for stock tips as a proof that what I teach here really works. Like someone wrote to me on Twitter recently – “Top 3 ideas @ CMP batao toh jaane aap kitne safal ho.” (Only if you can tell me top 3 stock ideas to … [Read more...]
This post is authored by Puneet Khurana, a Safal Niveshak tribesman. “I hated discussing ideas with investors, because I then became a defender of the idea and that influences your thought process.” ~ Michael Burry (The Big Short) I'm sure this is one statement most of you will relate to. We often discuss stock ideas which, we understand, are contingent to future events but if we declare/discuss the ideas in public, irrespective of how … [Read more...]
A reader, who joined the Safal Niveshak tribe recently, sent an email to me a part of which I am reproducing below… I am just getting started into the world of investment and just like you I am also a strong believer of the fact that wealth is created over period of time and you need to have patience and time on your side if you really want to create wealth in equities. But I am struggling to get my fundamentals right so that I can do my … [Read more...]
Peter Kaufman has done an amazing job compiling some of the world's best lessons on investment behaviour into a masterpiece. We know it as "Poor Charlie's Almanack", which is a collection of speeches and talks by Charlie Munger. While the entire book is one amazing journey through the mind of one the greatest investment and behavioural thinkers of our times, one part that takes the cake is where Kaufman has condensed Munger's teachings into a … [Read more...]
In 1949, when asked what it means to be an “intelligent” investor, Benjamin Graham, the father of Value Investing, said… The word “intelligent”…will be used…as meaning “endowed with the capacity for knowledge and understanding.” It will not be taken to be “smart” or “shrewd”, or gifted with unusual foresight or insight. Actually the intelligence here presupposed is a trait more of the character than the … [Read more...]
A simple definition of investing is that it is the process of laying out money now in the expectation of receiving more money in the future. In simpler words, investing is the transfer to others of purchasing power now with the well-calculated expectation of receiving more purchasing power in the future. Even simpler, investing is forgoing consumption now in order to have the ability to consume more at a later date. I would've made this … [Read more...]
If there’s one person who has seen the greatest amount of dishonesty and corruption right under his nose, he’s none other than Mahatma Gandhi. Gandhi is mentioned countless times in speeches by Indian politicians, whether the speech is related to economic growth or corporate governance. This man’s biggest message to the world was that of morality as an important part of life, business, and of course politics. But he is the only one … [Read more...]
Today’s post is authored by Puneet Khurana, a Safal Niveshak tribesman from Mumbai. I came in touch with Puneet a couple of weeks back when he extended support in helping me review Warren Buffett’s letters, which I’m current doing through the “Wit, Wisdom, Warren” series. But as soon as he told me about his background – that he has been a student of Prof. Sanjay Bakshi – I sensed an opportunity. :-) The opportunity was to … [Read more...]
