Archives for June 2022

[Transcript] The One Percent Show: Kuntal Shah

Print this as a PDF. Please do not share outside your membership.

Kuntal Shah is a partner at Oaklane Capital, co-founder at Needle.ai, and a board member at Flame University. An electronics engineer by qualification, Kuntal bhai is a first-generation entrepreneur, a business leader and a prominent value investor with three decades of experience spanning various aspects of the capital market.

I look up to him as a fountain of knowledge and wisdom, especially when it comes to investing, business analysis and the economy. I’ve had the opportunity to learn from him and his experiences, through his various talks and presentations, and I must thank him for all the wisdom he has shared over the years.

This content is reserved for Prime Members. To access, please login below with your membership credentials.

If you are not a member, please consider joining the Prime Membership to access the best ideas in investing, human behaviour, business analysis, and decision making, and get onto the path of becoming a better version of yourself.

Stock Investing is a Humbling Game

Not losing money is a critical part of the stock investing process. Successful investors say it in different ways, but the point is always the same.

Warren Buffett has often said – “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”

But he has also said – “If you don’t make mistakes, you can’t make decisions.”

You see, the problem is not in making mistakes. The problem is in not knowing when you have made a mistake and thus not learning from it.

Unfortunately, openness to making mistakes and recognizing them is beyond most of us. Why is that?

Two reasons. The first, our society’s phobia for making mistakes, something that begins at school, where we learn to learn what we are taught rather than to resolve problems. We are fed with facts, and those who make the fewest mistakes are considered to be the smarter ones. So we learn that it is embarrassing to not know and to make mistakes. We feel bad when we find out we have made a mistake or do not know something.

[Read more…]

16 Investing Lessons from a Superinvestor the World Forgot

Mastermind Value Investing Course: Admission Open

I have opened admission to my premium, online course in Value Investing – Mastermind – with a lot of updates and upgrades. The course contains –

7 modules – 50 detailed, downloadable lessons with case studies of listed Indian companies
20 hours of pre-recorded lecture and Q&A videos
2 Live Q&A sessions spread over one-year
Exclusive, members-only forum for questions and exercises (rich archive of 6,000+ postings from past students)
Assignments and exercises at the end of each lesson to help you practice what you learn
7 readymade stock screens to help you identify the best businesses to invest in and worst the avoid
100% online: Start instantly and learn at your own schedule
Detailed stock analysis spreadsheet (otherwise priced at ₹1999)

I am offering ₹5000 discount on the course fee for the first 100 students, or till 15th June, whichever comes early. If you are interested, click here to know more and join now.

What do you call an investor who earned 16% per annum on average over a 47 year period – that’s a 1,070-bagger – and is not called Warren Buffett?

What if I told you that this investor…

Did not care about corporate earnings
Rarely spoke to managements and analysts
Did not watch the stock market during the day
Never owned a computer, and
Did not even go to college

…you would not say anything but just ask me to reveal his name fast, so as to re-confirm whether such a super-investor has ever existed in the investment circles.

Well, before I tell you this man’s name, you must read what Buffett had to say about him…

…He doesn’t worry about whether it it’s January, he doesn’t worry about whether it’s Monday, he doesn’t worry about whether it’s an election year. He simply says, if a business is worth a dollar and I can buy it for 40 cents, something good may happen to me. And he does it over and over and over again. He owns many more stocks than I do — and is far less interested in the underlying nature of the business; I don’t seem to have very much influence on him. That’s one of his strengths; no one has much influence on him.

Now, if you haven’t already read below to find out who I am talking about, let me now disclose the name of this man, whom Buffett termed a Super Investor in his famous essay, The Superinvestors of Graham-And-Doddsville.

The Name is Schloss…Walter Schloss
“Walter who?” you may wonder if you have not read much about the world’s best-ever investors.

[Read more…]

Learn to Pick Great Stocks with My Premium, Online Course in Value Investing – Mastermind

There are no secrets to the art of sensible stock picking that most people don’t know of. The literature has been there since the 1940s, when Ben Graham, the father of value investing, first wrote about it in his landmark book The Intelligent Investor.

Other practitioners of this art, like Warren Buffett, Charlie Munger, Seth Klarman, Walter Schloss, and Howard Marks have been writing about it for years now.

So, you can find hundreds and thousands of resources in print and on the Internet on how you can become a smart, successful investor. However, what I found lacking ever since I started learning this art of sensible stock picking myself, was a structured, step-by-step approach to do it.

[Read more…]

In Investing, Simple Beats Complex

Mastermind Value Investing Course: Admission Open

I have opened admission to my premium, online course in Value Investing – Mastermind – with a lot of updates and upgrades to the course. Plus, I am offering ₹5000 discount on the course fee till 15th June. If you are interested, click here to know more and join now.

In the endnotes of his brilliant book, Winning the Loser’s Game, Charles Ellis wrote about two of his best friends who, at the peak of their distinguished careers in medicine, agreed that the two most important discoveries in medical history were penicillin and washing hands (which stopped the spreading of infection from one mother to another via the midwives who delivered most babies before 1900).

Ellis’s friends also counseled him there was no better advice on how to live longer than to quit smoking and to buckle up when driving.

[Read more…]