Archives for January 2023

10 Qualities of Great Investors

Admission Open: Value Investing Workshops – Offline (Mumbai) and Online

1. Offline Workshop: Mumbai – After a gap of 2 years, I am back with my live, offline Value Investing workshop. The first session is planned in Mumbai on Sunday, 22nd January 2023. I am accepting only 50 students for this session, and less than 10 seats remain now. Click here to know more and join the Mumbai workshop.

2. Online Workshop – Admissions are also open for the January 2023 cohort of my online value investing workshop. The workshop involves 22+ hours of pre-recorded, detailed lectures and Q&A sessions, plus a 3-hour live online Q&A session scheduled on Sunday, 15th January 2023 (tomorrow). I am accepting 50 students in this cohort, and less than 5 seats remain now. Click here to know more and join the online workshop.

* * *

One of the first lessons I learned from my yoga teacher was that “yoga is not about rapid movements but long pauses. Slow down, calm down, don’t hurry, and trust the process.”

The thing about yoga — or any exercise — is that there isn’t a comfort zone. But if you have a sound process, and practice it diligently, over time it starts to work for you.

The act of investing your money, as I realize, isn’t much different from practicing yoga. A superior process and greatness often go hand in hand in yoga, and also in investing. For serious investors, thus, it’s wise to learn to trust the process that generates winning investment results.

I came across one such time-tested process framework while reading Michael Mauboussin’s “Reflections on the Ten Attributes of Great Investors.” Mauboussin is Head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management, and author of some amazing books like The Success Equation and More Than You Know. He is a highly successful value investor, and thus the process he has laid out in his note is a great help for any serious investor seeking a winning investment process.

Here are my reviews of the ten attributes Mauboussin has laid out in his note.

[Read more…]

Investing and the Art of Getting Less Prejudiced

Admission Open: Value Investing Workshops – Offline (Mumbai) and Online

1. Offline Workshop: Mumbai – After a gap of 2 years, I am back with my live, offline Value Investing workshop. The first session is planned in Mumbai on Sunday, 22nd January 2023. I am accepting only 50 students for this session, and less than 10 seats remain now. Click here to know more and join the Mumbai workshop.

2. Online Workshop – Admissions are also open for the January 2023 cohort of my online value investing workshop. The workshop involves 22+ hours of pre-recorded, detailed lectures and Q&A sessions, plus a 3-hour live online Q&A session scheduled on Sunday, 15th January 2023. I am accepting 50 students in this cohort, and less than 5 seats remain now. Click here to know more and join the online workshop.

* * *

Niels Bohr, the Danish physicist who made foundational contributions to understanding atomic structure and quantum theory, for which he received the Nobel Prize in Physics in 1922, proposed once that the goal of science is not universal truth.

[Read more…]

[Transcript] The One Percent Show: Annie Duke

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

Annie Duke is author, corporate speaker, and consultant in the decision-making space. She is also a special partner focused on decision science at First Round Capital Partners, a seed-stage venture fund. For two decades, Annie was one of the top poker players in the world. In 2004, she bested a field of 234 players to win her first World Series of Poker bracelet. The same year, she triumphed in the $2 million winner-take-all, invitation-only world series of poker tournaments of champions. She retired from the game in 2012. She is also the author of multiple wonderful books, including Thinking In Bets and How We Decide and her latest being “Quit – The Power of Knowing When To Walk Away”.

In Quit, Annie draws on stories from a wide swath of high achievers, including elite mountain climbers, business leaders, and entertainers, to argue that quitting is a good thing when applied at the right time. And much like a poker career, life, she says, is one long game and the biggest winners are also the most strategic quitters. With this and no further delay, Annie, welcome to The One Percent Show, and thank you so much for agreeing to do this.

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.

A Story of Courage and Hope from the Life of Charlie Munger

Admission Open: Value Investing Workshops – Offline (Mumbai) and Online

2. Online Workshop – Admissions are also open for the January 2023 cohort of my online value investing workshop. The workshop involves 22+ hours of pre-recorded, detailed lectures and Q&A sessions, plus a 3-hour live online Q&A session scheduled on Sunday, 15th January 2023. I am accepting 50 students in this cohort, and less than 5 seats remain now. Click here to know more and join the online workshop.

* * *

First things first. I wish you and your family a very happy, peaceful, and blessed 2023.

I am grateful to have you share this journey with me in the past, and look forward to continuing our connection in the years ahead.

Now for a story from the life of Charlie Munger, who is 99 years old today.

I have shared this story countless times over the years, because each time I talk or write about it, I experience a sense of inner peace and strength. And so, even if you have read this story earlier, read it again today as you begin taking your first steps into this brand new year.

[Read more…]