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When I Took Warren Buffett’s Advice Very Seriously (It’s Not About Investing)

“I trust you Anshul. Would you want to work with me at Safal Niveshak?”

“I trust you Vishal. Yes, I would want to work with you at Safal Niveshak.”

“Welcome aboard, Anshul!”

…and thus ended the fastest ever interview I’ve ever been a part of. 🙂

Well, the reason I’m writing to you is to formally announce my partnership with Anshul Khare in taking the Safal Niveshak initiative forward.

And the reason I’m doing it today is because Anshul is now my full-time partner at Safal Niveshak, after having quit his well-paying job at a well-to-do startup.

In Poor Charlie’s Almanack, Warren Buffett shared this advice on the choice of a partner

Look first for someone both smarter and wiser than you are. After locating him (or her), ask him not to flaunt his superiority so that you may enjoy acclaim for the many accomplishments that sprang from his thoughts and advice. Seek a partner who will never second-guess you nor sulk when you make expensive mistakes.

Look also for a generous soul who will put up his own money and work for peanuts. Finally, join with someone who will constantly add to the fun as you travel a long road together.

All of the above is splendid advice. In fact, it’s so splendid that I set out in 2013 to follow it slavishly. And I found Anshul in 2015 (though I knew him since 2013 when he attended my Bangalore Workshop) as he fit my bill of particulars in every way. Though I am still not sure whether I fit his bill in such good ways.

But I have asked him not to flaunt his superiority so that I may enjoy acclaim for the many accomplishments that would spring from his thoughts and advice. 😉

Now, there’s one thing I know for sure – I’ve been extremely lucky to find one of the most honest, trustworthy, and simplest humans to work with me in taking Safal Niveshak towards a better, brighter future.

Anshul is a chemical engineer from IIT-Bombay, a voracious reader, and has special interest in the areas of human behaviour and value investing. You’ve already read him through his wonderful series on Latticework of Mental Models, and his other writings at Value Investing Almanack. And you will read much more from him going forward (and that will allow me to enjoy longer holidays). 😉

By the way, before I end, here’s something I wanted to share with you. Peter Kaufman, the author of Poor Charlie’s Almanack recently sent me this – his book, autographed for me by Charlie Munger – for my work at Safal Niveshak…

I can now proudly claim that the greats, Peter Kaufman and Charlie Munger, know about Safal Niveshak. 😉

Feel so blessed to be here, doing this…thanks to your trust in my work.

I would request you to bestow the same trust on Anshul. There’s too much work we need to do, and a long journey we need to cover to help people become better at their investment decision making.

I have nothing more to add. Anshul?

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About the Author

Vishal Khandelwal is the founder of Safal Niveshak. He works with small investors to help them become smart and independent in their stock market investing decisions. He is a SEBI registered Research Analyst. Connect with Vishal on Twitter.


  1. Ankit Kanodia says:

    Dear Vishal,
    As always..the real benefit will be passed on to the whole tribe 🙂
    All the best 🙂

  2. R K Chandrashekar says:

    Dear Vishal
    This is great news and didn’t come as to much of a surprise,after seeing his mental models. Here was one who could stand up to Vishal!!
    There is an African proverb- “if you want to walk fast walk alone, if you want to walk far walk together” Here is wishing the Indian Buffet and Munger the very best in all your future endeavours.

    • Anshul Khare says:

      Thanks for your kind words RKC!

      I started following Safalniveshak in 2012 and have attended numerous Art of Investing workshops since then. What fascinated me about Vishal’s work was his unconventional approach towards life and a refreshing view towards investing. Over the last 3 years the fascination turned into a trust. I have deep respect for his vision and his efforts for creating the SN Tribe.

      A wise man once said “Your destiny is determined by the books you read and the people you hang out with”. I believe that Vishal is a person I would want to associate with any day.

      I consider it a brilliant stroke of luck that Vishal gave me a chance to be a part his vision. It was pretty much a no-brainer for me to quit my job and pounce at the opportunity.

      I hope that I continue to learn and share through Safalniveshak platform.

    • Thanks RKC! 🙂

  3. sandeep says:

    Cool. congrats Vishal.
    I got my copy last week from US though a colleague.
    Though I can understand how it feels when you get a precious appreciation.

    congrats again.

  4. hi vishal,

    i have been reading warren buffet letters since 2008 (all letters so far published) and reading your post and equity desk as well.
    I have investing since may 2008 (height of stock market crash) ,after reading all available material for six months.
    my method of investment: I have chosen companies with high moat value and invest couple shares every month systematically. I am a buy and hold fundamentalist and so far not sold a single stock.
    my return on investment on average is 16% Per annum (range is between 6%-36% PA of the stocks i hold)
    is it OK? what is best expected return over period of 10 years for seasoned wannabe warren buffets like you ?


    • HI Nambi

      I know you asked the question to Vishal, but I am taking the liberty to answer it, though I am no way related to

      10 yr return is good metric to track long term performance.
      Here we need to be cautious when we are comparing investors across the world. In US return of 8-9% is good because their inflation is less. In india 8-9% return is less than ordinary. What really matters is real returns (returns – inflation).

      In Indian context, return of 16% per annum is good but not great. Simple strategy of buying nifty when p/e is less than 20 gives 14.8% annual return over 10 yrs. If you include dividend it gives around 16%

      I find this twitter post interesting.

      So 16% should be your benchmark.

  5. Sandhya says:

    Congratulations, wishing both of you all the very best for all future endeavours.

  6. Reni George says:

    Dear Vishal and Anshul

    Wishing you the best of the future that lies ahead for you both.It is said that if you have company of a person who is like minded…then though the journey would be tough…but it becomes one hell lot a beautiful story.Well starting with vishal….It is very hard to find a humble person…and that humble person is vishal..he who ate the breakfast made by me even without complaining about the salt.Regarding Anshul….It is said that the writings of person reflects the character of the person.This one sentence sums up the high esteem that I hold for anshul.

    Some thoughts too…..In a partnership..growth of the togetherness should be given more importance than individual growth.Monetary growth should be given the least preference.Partnership is all about making the life beautiful for your partner.

    Let your partnership flower in a nice way

    Thanks and Regards
    Happy life of togetherness

    Reni George

    • Thank you so much Reni! When do I come again for your hand-made breakfast? 😉

    • Anshul Khare says:

      “In a partnership..growth of the togetherness should be given more importance than individual growth. Monetary growth should be given the least preference. Partnership is all about making the life beautiful for your partner.”

      That’s a wonderful thought Reni! I’ll always keep that in mind 🙂

  7. R K Chandrashekar says:

    Dear Vishal & Anshul
    What better recognition you require than an appreciation from the likes of Munger and Kaufman. You must be in cloud nine. Congratulations for the great work you are doing. We are really proud of you.

  8. Fantastic! I could see this coming.

    Great going you two. Wish you all the very best.


    P.S. Vishal, this sidebar on shares is a bit irritating as one cant read the text fully. I’m using IE 11. I believe some other reader had also commented on this. Please try and fix it.

  9. Hi Vishal and Anshul,

    Congratulations to both of you for finding each other out. Fascinating coverage on mental models Anshul. Both of you are voracious readers.

    Stay blessed.

    Best regards,

  10. Shashi Praharaj says:

    I am a silent regular at your site.
    You deserves accolade for continuously making this site rich.
    Anshul will definitely a worthy partner.

    I have also got the Book, but unfortunately it has not been signed by the legend.

    Good luck to you and Anshul.

    Shashi Praharaj

  11. Akhilesh Pathak says:

    Dear Vishal and Anshul,

    This is amazing news ! Heartiest Congratulations and best wishes to both of you.

    May you both keep enlightening us and keep changing many lives for better.



  12. Prashant says:

    Dear Vishal and Anshul,

    Congratulations to both of u. All the best.


  13. Manoj Mathew says:

    Dear Vishal and Anshul,

    Congratulations and Best Wishes !! I am sure that your partnership will have a great impact on many countless investors in the decades to come. I consider myself fortunate that one fine day about 2 years back I stumbled into Safal Niveshak blog.

    After reading couple of your blogs, Vishal, I decided to read all the blogs that you have written, starting from the very first one. I felt that a complete new world has been opened up to me. Through your writing I was introduced to some of the finest minds and some of the finest books.

    But above all this, I have a developed a great respect for you as a individual. Your humility, professionalism, and pursuing excellence in everything that you do are truly commendable. I have also observed the way you have build a business around Safal Niveshak. It has been done in the most admirable way where you have delivered value that has been much higher than the price paid by the end customer.

    Anshul is truly blessed to get to work with you. Based on what he has written so far on Safal Niveshal and Value Investing Almanack, he deserves it.

    By the way I landed up on Safal Niveshak, when I was googling to understand why my investment in Opto Circuits evaporated 🙂

    Warm Regards,

  14. Hi Vishal and Anshul congrats for ur partnership.
    Great to be associated with SN


  15. Hi Vishal Sir & Anshul

    Congrats , Your efforts n kind of work so meaning full in investment & personal life .
    So many change in meaningful living life following your SN, god bless both of you sir always …

  16. Congratulations Sir. Yes you add one member to ur SafalNiveshak Portfolio .This will Compound your Efforts , Mission and Asset . Thanks for Your Contribution to Value Investing World.

  17. Guruprasad says:

    Wow! Jab Mil-jaate hai 3 yar “Safal Niveshak, Vishal and Anshul” then investing aur Zindagi Khoobsoorat ban jati hai , All the best to your entire team . Thank you again for teaming up to bring out the best of the investing education and on behavioural science .


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