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You are here: Home / 2023 / Archives for May 2023

Archives for May 2023

My Stock Valuation Manifesto

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.


I had shared my Investor’s Manifesto last year. Here is my fifteen-point stock valuation manifesto, which I have been using as part of my investment process for the past few years now.

It is evolving but is something I reflect back on if I ever feel stuck in my stock valuation process. You may modify it to suit your own process and requirements. But this in itself should keep you safe.

Read it. Edit it. Print it. Face it. Remember it. Practice it.

[Read more…] about My Stock Valuation Manifesto

Dare to Be Wrong

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.


“Dare to be wrong,” Howard Marks wrote in one of his memos in 2014, very much like Charlie Munger told him, “It (investing) is not supposed to be easy. Anyone who finds it easy is stupid.”

Marks wrote –

You have to give yourself a chance to fail.” That’s what Kenny “The Jet” Smith said on TV the other night during the NCAA college basketball tournament, talking about a star player who started out cold and as a result attempted too few shots in a game his team lost. It’s a great way to make the point.

Failure isn’t anyone’s goal, of course, but rather an inescapable potential consequence of trying to do really well.

[Read more…] about Dare to Be Wrong

Nobody Knows

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.


I was an average student till the ninth grade. Just slightly above average to be precise. That is what my marks consistently showed. My parents did not expect much from me.

Tenth was when things changed. Through little bit of hard work, and great luck, I ranked among the top five in my class. My teachers were surprised. My parents did not believe my report card at first. But when the emotions settled, they said they were proud of my achievement. At least, that is what I heard.

After all, on a normal distribution curve, I had moved from ranking within one standard deviation of normal (lowly among top 50% of students) to within two standard deviations (among the top 16%).

[Read more…] about Nobody Knows

Philip Fisher on Four Dimensions of Investing – Part 4

This is the fourth and the final instalment of Philip Fisher’s “Four Dimensions of Investing” series. It’s recommended that you read the first three parts before reading this one.

The first three dimensions of conservative investment were essentially about the quality of the business itself. However, a great business becomes a great investment only when it’s acquired at a reasonable price. That means, without considering the price, the conservativeness of an investment process is still questionable. So, price is the fourth dimension of conservative investing.

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30 Ideas That Changed My Life

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.


Whenever I feel uninspired, I look to a collection of my favorite quotes and passages I keep in a document on my computer or marked in my books (my idea bank). Today was one of those days.

As I was re-reading some of these and remembering why I love writing, reading, and the power of words, I thought perhaps someone somewhere out there might be feeling the same as me before I started writing this post.

So, here are 30 of the most beautiful passages (in no particular order) I have ever read on life and related subjects, and which have helped me become a better version of myself over the years.

Hope you find these passages of some help, and worth your time.

[Read more…] about 30 Ideas That Changed My Life

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