Archives for February 2026

New Book Alert: The Long Game is Available Now

My new book, The Long Game, is available now. The book contains reflections from 30 investors who’ve survived decades of market cycles. You’ll learn how to tune out the noise that makes you second-guess yourself, handle the fear and greed that hurt your decisions, and stick to principles that actually compound wealth over time.

Click Here to Order Now

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.

In 1961, a Yale psychologist named Stanley Milgram ran one of the most disturbing experiments in the history of science.

Volunteers were recruited under the pretense of studying memory and learning. Each volunteer was asked to play the role of “teacher” and administer electric shocks to a “learner” in the next room whenever he gave a wrong answer. The shocks escalated in 15-volt increments—from a mild 15 volts all the way to a lethal-looking 450 volts, labelled “Danger: Severe Shock” on the dial.

The learner was actually an actor. There were no real shocks. But the volunteers didn’t know that.

New Book Alert: The Long Game

My new book, The Long Game, is available for pre-order now. The book contains reflections from 30 investors who’ve survived decades of market cycles. You’ll learn how to tune out the noise that makes you second-guess yourself, handle the fear and greed that hurt your decisions, and stick to principles that actually compound wealth over time. Shipping starts end of February 2026.

Click Here to Pre-Order Now

It was October 1915, and a British explorer Ernest Shackleton was leading one of the most ambitious journeys in the history of exploration. He was trying to cross the continent of Antarctica on foot. Shackleton was inspired by Roald Amundsen’s South Pole expedition in 1911, and so this crossing remained, in Shackleton’s words, the “one great main object of Antarctic journeyings.”

He, along with twenty-seven crew members, started on a ship called Endurance.

New Book Alert: The Long Game

My new book, The Long Game, is available for pre-order now. The book contains reflections from 30 investors who’ve survived decades of market cycles. You’ll learn how to tune out the noise that makes you second-guess yourself, handle the fear and greed that hurt your decisions, and stick to principles that actually compound wealth over time. Shipping starts end of February 2026.

Click Here to Pre-Order Now

I learned something interesting today.

You know the word “school” comes from the ancient Greek skholē, which meant leisure or free time. It originally meant the unhurried space to wonder, question, and sit with difficult ideas without needing an immediate answer.

For the Greeks, it seems, skholē was the highest form of human activity, because it involved thinking freely without the pressure of any outcome. So, when Plato and his students gathered to debate philosophy under the open sky, that was skholē in action. The place where you did that became a skholē.

New Book Alert: The Long Game

My new book, The Long Game, is available for pre-order now. The book contains reflections from 30 investors who’ve survived decades of market cycles. You’ll learn how to tune out the noise that makes you second-guess yourself, handle the fear and greed that hurt your decisions, and stick to principles that actually compound wealth over time. Shipping starts end of February 2026.

Click Here to Pre-Order Now

This story is from the 1860s. The administrators of New College, Oxford, discovered that the huge oak beams in their Great Hall were rotting. Some of these beams were two feet thick and forty feet long.

In 19th-century England, finding oaks of that size was nearly impossible. The college was staring at a collapsing roof with no obvious way to fix it.

Then someone suggested they call the college’s land agent.

I’ve been wanting to tell you this for a while now, but I kept waiting for the “right moment.” I’ve realised there’s no such thing. So here it is.

I’ve written a new book. It’s called The Long Game: Timeless Lessons from Practitioners on the Craft of Long-Term Investing.

It’s a 400-page hardcover, which is not just my voice but also brings together reflections from practitioners I deeply respect—fund managers, founders, analysts, and advisors—who’ve spent decades in the markets to write about their biggest lessons and hard-won wisdom.

A few of the 30 practitioners who’ve contributed chapters include Pulak Prasad, Sankaran Naren, Manish Chokhani, Vinod Sethi, Utpal Sheth, Chris Mayer, Ian Cassel, and Barry Ritholtz.

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

• 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 have a friend who’s a brain surgeon. He often shares stories of his patients and how he deals with the complex decisions surgery demands. And not just technical skill, but the psychological weight of holding someone’s future in your hands.

When we met last week, he told me about a fifty-two-year-old school teacher, who came in with a tumour pressing against her speech centre. Her words had started slurring. She’d forget simple nouns mid-sentence. “Table” became “that thing.” “Book” became “you know, for reading.” Without surgery, she’d lose speech entirely within months. With surgery, there was a chance, but also a 15% risk she’d wake up unable to form words at all.

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

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

Douglas MacArthur was the American general who commanded Allied forces in the Pacific during World War II and later ran occupied Japan. William Manchester, in his biography of MacArthur, mentioned how in 1950, when MacArthur was in Tokyo, he read exactly five newspapers every morning. What’s unusual was that these newspapers were all at least three days old. His staff thought he was losing it. Why would the Supreme Commander want stale news when fresh news arrived by the hour?