Safal Niveshak

Wit. Wisdom. Value Investing.

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Archives for January 2026

Go, Ruin Yourself (Wait, Don’t!)

Two Books. One Purpose. A Better Life.

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

Charlie Munger used to say that all he wanted to know was where he was going to die so he could simply never go there. It’s a brilliant way to look at life. If you can identify the traps that ruin most people, investing or otherwise, you just have to stay away from them to win.

In India, that trap is woven into our very skin. We are raised with a scarcity mindset. “Save every rupee, and turn off every light,” we are taught. But we are also shackled to a performance. We treat our children’s weddings like a debt we owe to society and our homes like trophies rather than shelters. We’ve been told that “safety” means doing exactly what our uncles did thirty years ago, ignoring that the world has moved on.

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The Psychology of Investing #19: Surviving Mt. Wealth’s Death Zone

Two Books. One Purpose. A Better Life.

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

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.

On Mt. Everest, there’s a “Death Zone.” It is the area above 8,000 meters (26,200 feet) where oxygen levels are so low that the human body cannot survive for extended periods. Your thinking starts getting fuzzy and you begin seeing things that aren’t there, and eventually, your systems just… shut down.

In 1987, Ed Viesturs, a young, ambitious mountaineer, was standing in this zone, just three hundred feet from the summit.

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The Investing Framework You’ll Need to Survive the AI Decade

Two Books. One Purpose. A Better Life.

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

Around 2016, leading artificial intelligence scientist Geoffrey Hinton made a startling prediction: “People should stop training radiologists now.” His reasoning was that within five years, machines would completely revolutionise radiology, and that much of radiology application would be powered by AI. Radiologists would thus no longer be needed.

Hinton was right… and also wrong.

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Letter to A Young Investor #19: The Dark Side of Financial Education

Two Books. One Purpose. A Better Life.

“This is a masterpiece.”

—Morgan Housel, Author, Psychology of Money

“Discover the extraordinary within.”

—Manish Chokhani, Director, Enam Holdings

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 remember being taught a common rule of etiquette while growing up: you never ask a woman her age or a man his salary.

Salary or money, specifically, was a private matter. Talking about how much you earned or had in the bank was just not done.

Basically, the idea was to not ask personal questions unless you earned the closeness, or the context clearly required it.

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The Long Echo

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

It’s the 5th of January. The “New Year, New Me” LinkedIn posts are already starting to feel stale, and the reality of 2026 is just… here. Just a couple of hours ago, I was staring at a blank screen, thinking about how we always try to start a new year with a clean slate, when the truth is, the slate is never clean.

I’ve been thinking about this idea lately, though I don’t have a polished name for it. Maybe we call it the “long echo.”

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