Archives for March 2026

I recently had a conversation with Sonia Shenoy on her podcast, and we ended up covering a lot of ground—from financial freedom to the fear of not reaching there, understanding market cycles, risk vs uncertainty, the real meaning of ‘time’, quitting your corporate job, and what it really means to play your own game.

We also talked about the ideas behind my new book, The Long Game.

Sonia is a patient listener, and that helped me talk, perhaps a lot more than I usually do.

I hope you enjoy it.

Watch the full conversation here.

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New Book Alert: The Long Game is Available

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 get your copy.

New Book Alert: The Long Game is Available

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 get your copy.

Click Here to Order Now

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Making money in stocks when everyone around you is making money isn’t really an achievement. All boats rise when the tide is high. The real test is what you do when the tide goes out. And more specifically, how you do it and with what degree of inner stillness.

Now, whatever philosophers and teachers may teach, most of us aren’t built for equanimity. We feel the ecstasy when things are going up, and we feel the misery when they’re going down. That’s just human.

[Read more…] about Risk Is Never in the Market

New Book Alert: The Long Game is Available

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 get your copy.

Click Here to Order Now

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Prashant Jain retired from HDFC Mutual Fund in August 2022, after nearly 30 years of managing some of India’s largest equity funds.

When he left, he wrote a farewell note called Saar, which means ‘essence’. It was a detailed log of the most important lessons he had learned in his long career as one of India’s best public money managers. I have linked it at the end of this article.

Among all the lessons he shared, one of the most insightful came from a table buried inside the note, which was like a full scorecard of his career.

[Read more…] about On Surviving: Three Ideas From 30 Years of Investing

New Book Alert: The Long Game is Available

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

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A few weeks ago, on a holiday morning, I did something I knew I shouldn’t do the moment I did it.

I took the Mumbai-Pune Expressway. At the start of a long holiday.

Now, in my defence, I had a plan. I would leave early and beat the traffic before it had a chance to materialise. This is the same plan, I should mention, that approximately four lakh other people on that road had also independently arrived at.

I had even warned a friend the previous evening not to drive on it. He thanked me for the advice. I then proceeded to not take it myself.

[Read more…] about Inert Knowledge

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

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For centuries in Indian villages, the highest form of charity a person could offer was not gold, not land, not even money. It was a cow, and the act was called Gau-daan or the gift of a cow.

Think about why. A healthy cow is not a one-time gift. It is a small, living business. It produces milk daily, some of which is for the household while the remaining is to sell. Its offspring are assets, too. A male calf helps plough the fields, while a female calf grows up to produce more milk. Even its dung has practical value as fuel. In other words, the cow generates a stream of returns across its entire lifetime.

[Read more…] about The Long Game Is Simple, But Not Easy