Free Stock Analysis Excel

Reasonable Expectations

“You’ve got to be careful if you don’t know where you’re going, ’cause you might not get there.” ~ Yogi Berra At the heart of Ben Graham’s teachings lies his advice that the intelligent investor must never forecast the future exclusively by extrapolating the past. Unfortunately, that’s exactly the mistake that stock market experts and […]

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The Curse of a Bull Market

“Vishal, since the market is up so much over the past 3-4 years, and especially after the surge over the last few months, I’m looking for cheap stocks and sectors that have been left behind, even if they are average businesses,” a value investor friend Ravi told me this as we met for lunch last […]

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Why Not to Speculate During Bull Markets: Lessons from Newton and Druckenmiller

It was sometime during late 1999 through early 2000, near the peak of the dot-com bubble, the legendary George Soros and his hedge-fund team were working on how to prepare for the inevitable sell-off in technology stocks. The man in charge of Soros’ high profile technology funds was Stanley Druckenmiller – one of the best-performing […]

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Latticework of Mental Models: Physics Envy

A group of tourists was visiting a dinosaur museum. A guide was entertaining them with interesting trivia about various dinosaur species. Just when they were passing by a huge skeleton of an ancient carnivore, an inquisitive member of the tourist group asked the guide, “How old is this skeleton?” “Oh, that big T-rex skeleton? It’s […]

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How to Analyze a Business, the Sherlock Holmes Way

Peter Bevelin has written a few amazing books, like Seeking Wisdom: From Darwin to Munger, A Few Lessons for Investors and Managers, and the latest All I Want To Know Is Where I’m Going To Die So I’ll Never Go There. But one of his lesser-known books that I have on my all time favourites […]

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Oh, My Impatient Generation!

I met a guy yesterday who spent the past ten years of his life – and he’s just 32 years of age – destroying his body with alcohol, excessive food, and a sedentary lifestyle. “I have resolved to be fit, lean and healthy in the next six months,” he told me with great confidence. Well, […]

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Why I Don’t Invest in Banking Stocks

In October 2016, I had written a post about how I let an opportunity to buy HDFC Bank in the middle of 2006 pass by, and why I have never come to regret that decision (the stock has turned into a 10-bagger since then!). My reasons to miss that stock was my inability to understand […]

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The Ultimate Game of Economics

Have you heard about the ‘ultimate game of economics’? Here’s how it goes. A person – let’s call him proposer – is given a hundred bucks and asked to split the money with a stranger, called responder. The split doesn’t need to be equal. Proposer could split it 50-50 or he could even keep 90 for […]

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