Archives for November 2025

One Purpose. A Better Life.

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

• Click here to buy Boundless
• Click here to buy Sketchbook
• Click here to buy the combo (Boundless + Sketchbook)

The Internet is brimming with resources that proclaim, “nearly everything you believed about investing is incorrect.” However, there are far fewer that aim to help you become a better investor by revealing that “much of what you think you know about yourself is inaccurate.” In this series of posts on the psychology of investing, I will take you through the journey of the biggest psychological flaws we suffer from that causes us to make dumb mistakes in investing. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.

There is a story about a turkey that Nassim Taleb shared in The Black Swan.

Every single morning for 1,000 days, the butcher feeds the turkey food it loves. Over time, the turkey gets bigger and feels happy.

From the turkey’s point of view, the butcher is his best friend. Why wouldn’t it be? The turkey has 1,000 days of proof that this man takes care of him. It feels totally safe. So, when day 1,001 comes around, the turkey has no reason to worry. In fact, it is absolutely sure it’s going to be another great day.

One Purpose. A Better Life.

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

• Click here to buy Boundless
• Click here to buy Sketchbook
• Click here to buy the combo (Boundless + Sketchbook)

I am writing this series of letters on the art of investing, addressed to a young investor, with the aim to provide timeless wisdom and practical advice that helped me when I was starting out. My goal is to help young investors navigate the complexities of the financial world, avoid misinformation, and harness the power of compounding by starting early with the right principles and actions. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.

Dear Young Investor,

I hope this letter finds you well.

I recently found myself in the back seat of a car, nervously clutching my seat belt. I was accompanying a friend teaching his 21-year-old son how to drive.

He was excited and determined to prove he had it all under control. But every time the car lurched, or a dog ran near the road, I noticed the same pattern: he reacted instantly.

It was a stroke of luck that I came across the words and lives of Warren Buffett and Charlie Munger in the very early part of my life as an investor. I was not searching for heroes. But encountering their work felt like someone had turned on a light in a dark room I didn’t know I was sitting in. And suddenly, I could see myself a little more clearly.