Archives for December 2025

One Purpose. A Better Life.

🎁 Special Discount until 5th Jan. 2026

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

• Click here to buy Boundless ₹1599 ₹1299
• Click here to buy Sketchbook ₹1699 ₹1499
• Click here to buy the combo (Boundless + Sketchbook) ₹3298 ₹2399

As the year winds down, it feels like leaving a crowded market at dusk and heading home after a long, noisy day. But for me, the end of 2025 has been quiet for a different reason. A personal tragedy involving a close friend recently reminded me of life’s total uncertainty. It was the kind of news that stops your world and makes every “market update” or “annual goal” feel incredibly small, and also serves as a brutal reminder of how thin the line is between everything being okay and everything changing forever.

In any case, like a river finally reaching the quiet of the plains, I’m using this moment to look back at the lessons that actually mattered this year—the ones that helped me stay standing when the news was hard to take.

I’ve gathered ten passages that served as a North Star. They represent the “Ten Big Ideas” I’ve promised myself to learn, relearn, and carry forward. I hope you find them valuable too.

One Purpose. A Better Life.

🎁 Special Discount until 5th Jan. 2026

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

• Click here to buy Boundless ₹1599 ₹1299
• Click here to buy Sketchbook ₹1699 ₹1499
• Click here to buy the combo (Boundless + Sketchbook) ₹3298 ₹2399

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.

Peter Lynch ran the Magellan Fund from 1977 to 1990. For thirteen years, he was essentially a superhero of the stock market. Someone who invested $10,000 at the very beginning would have turned it into $280,000 by the time he retired. His average return was about 29% a year, which is like finding a magic lamp.

But here comes the part that sounds like a paradox so absurd it borders on a joke: most people who investedin his fund lost money. It doesn’t seem possible, does it? How can you lose money in a fund that wins that much?

The answer is simple and embarrassingly sad.

One Purpose. A Better Life.

🎁 Special Discount until 5th Jan. 2026

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

• Click here to buy Boundless ₹1599 ₹1299
• Click here to buy Sketchbook ₹1699 ₹1499
• Click here to buy the combo (Boundless + Sketchbook) ₹3298 ₹2399

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 want to take you back to the early 1970s, when there was a group of 50 specific stocks that everyone loved in the US. They were called the “Nifty Fifty.”

These weren’t obscure penny stocks, but titans of American industry—companies like Kodak, Polaroid, and Xerox. The narrative on the street was that these were “one-decision” stocks. You only had to make the decision to buy them. You never had to sell. You never had to worry. They were considered so dominant and safe that price didn’t matter.

It’s my birthday today. I’ve just completed 47 circles around the Sun.

There’s a cake somewhere in the kitchen, or so I’ve been told. I haven’t checked. My mind has been occupied with heart-rate readings and oxygen levels.

Five days ago, I got two stents in the main artery that supplies blood to my heart.

Even writing that feels strange, like I’m describing an uncle’s medical history rather than my own.