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You are here: Home / Archives for Investing

Investing

This page contains our best articles on the subject of value investing and investment behaviour.


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Letter to A Young Investor #2: The Money Manual

I am writing this series of letters on the art of investing, addressed to a young investor, aiming to provide timeless wisdom and practical advice that helped me when I was starting out. My idea 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 ideas and steps. This series is part of a joint investor education initiative between Safal Niveshak and DSP Mutual Fund.


Become a wiser investor in just 5 minutes

Join The Journal of Investing Wisdom and receive insightful ideas on investing, stock analysis, and human behaviour. Plus, unlock access to free chapters of my upcoming books, multiple e-books, and my stock analysis excel. All for FREE!

No charge. Unsubscribe anytime.


Dear Young Investor,

I hope this letter finds you well and in high spirits.

You remember my uncle whom I had introduced in my previous letter, who taught me that wealth is not about accumulating money but about living a life of purpose, freedom, contentment, and fulfilment?

Well, a few years into his guidance and once I had started earning money, I remember asking him about the ‘operating manual for money’ that did not exist – and still does not – unlike most things in life that come with a manual on how to operate them.

Think about it. When you buy a new gadget, it comes with a booklet explaining how to use it, maintain it, and even troubleshoot it when things go wrong. But when it comes to money, something we use every day and crucial to our lives, there is no manual handed over. You are left to figure it out on your own, often learning through trial and error, sometimes at a great cost.

[Read more…] about Letter to A Young Investor #2: The Money Manual

The Poison of Privilege: Investing Lesson from the 18th Century Rich

Welcome to the latest issue of ‘The Journal of Investing Wisdom’, where I delve into the thoughts, reflections, and readings that have recently captured my attention. This journal serves as a window into my contemplations and the resources that inspire and inform my journey as an investor. I hope you like what you read below. If you are new here, and wish to get insights and ideas like these straight into your inbox, please click here to become a member.

Become a wiser investor in just 5 minutes

Join The Journal of Investing Wisdom and receive insightful ideas on investing, stock analysis, and human behaviour. Plus, unlock access to free chapters of my upcoming books, multiple e-books, and my stock analysis excel. All for FREE!

No charge. Unsubscribe anytime.

What I’m Reading

The Poison of Privilege

In his latest post titled A Few Little Ideas And Short Stories, Morgan Housel shared this –

Demographic historian T.H. Hollingsworth once published an analysis of the life expectancy of the British peerage. It showed a peculiar trend: Before the 1700s, the richest members of society had among the shortest lives – meaningfully below that of the overall population.

How could that be?

The best explanation is that the rich were the only ones who could afford all the quack medicines and sham doctors who peddled hope but increased your odds of being poisoned.

I would bet good money the same happens today with investing advice.

Morgan’s concluding thought about investing advice following the same path as quack medical advice is hilarious but also cautionary. The parallel drawn between the wealthy of pre-1700s Britain, who suffered shorter life expectancies due to their ability to afford harmful treatments, and today’s investors, who may be swayed by complex yet flawed financial products and strategies, is striking. In both cases, the very resources that should have provided an advantage instead became a source of harm.

[Read more…] about The Poison of Privilege: Investing Lesson from the 18th Century Rich

My 8-Point Stock Analysis Checklist

Online Value Investing Workshop – August 2024 Cohort: I recently opened admission to the August 2024 cohort of my Online Value Investing Workshop, which has already been taken by 1800+ students ever since I launched it two years ago. Here is what you get when you sign up for this workshop – 

  • 30+ hours of pre-recorded lectures and Q&A videos
  • 60+ questions answered in the Q&A
  • Live Q&A session of 3 hours on Sunday, 25th August 2024 (7 PM IST Onwards)
  • One-year unrestricted access to the entire content
  • 7 readymade screens to filter high quality stocks (and avoid the bad ones)
  • Bonus 1: Stock analysis spreadsheet (otherwise priced at ₹1999)
  • Bonus 2: Rethinking Financial Freedom Masterclass + The Art of Investing Masterclass (otherwise priced at ₹1998)

I am accepting 100 students for this cohort, and more than half the seats have been booked by now. Click here to read the details of the workshop and sign up.


Become a wiser investor in just 5 minutes

Join The Journal of Investing Wisdom and receive insightful ideas on investing, stock analysis, and human behaviour. Plus, unlock access to free chapters of my upcoming books, multiple e-books, and my stock analysis excel. All for FREE!

No charge. Unsubscribe anytime.


Identifying stocks is not an easy task. You are not just ‘picking a stock’ but ‘investing in a business’ that is a complex entity driven by multiple variables.

The complexity of the task is what keeps many investors from analysing businesses who instead depend on easily available tips from strangers, especially those handing out stock names for free on social media.

[Read more…] about My 8-Point Stock Analysis Checklist

The $200 Million Lesson: Raising Money-Wise Kids in a World of Excess

Online Value Investing Workshop – August 2024 Cohort: I recently opened admission to the August 2024 cohort of my Online Value Investing Workshop, which has already been taken by 1800+ students ever since I launched it two years ago. Here is what you get when you sign up for this workshop – 

  • 30+ hours of pre-recorded lectures and Q&A videos
  • 60+ questions answered in the Q&A
  • Live Q&A session of 3 hours on Sunday, 25th August 2024 (7 PM IST Onwards)
  • One-year unrestricted access to the entire content
  • 7 readymade screens to filter high quality stocks (and avoid the bad ones)
  • Bonus 1: Stock analysis spreadsheet (otherwise priced at ₹1999)
  • Bonus 2: Rethinking Financial Freedom Masterclass + The Art of Investing Masterclass (otherwise priced at ₹1998)

I am accepting 100 students for this cohort, and more than half the seats have been booked by now. Click here to read the details of the workshop and sign up.


Welcome to the latest issue of ‘The Journal of Investing Wisdom’, where I delve into the thoughts, reflections, and readings that have recently captured my attention. This journal serves as a window into my contemplations and the resources that inspire and inform my journey as an investor. I hope you like what you read below. If you are new here, and wish to get insights and ideas like these straight into your inbox, please click here to become a member.

Become a wiser investor in just 5 minutes

Join The Journal of Investing Wisdom and receive insightful ideas on investing, stock analysis, and human behaviour. Plus, unlock access to free chapters of my upcoming books, multiple e-books, and my stock analysis excel. All for FREE!

No charge. Unsubscribe anytime.

Raising Money-Wise Kids in a World of Excess

I have been thinking a bit more about money lately than I usually do. Not just because my son asked for a ₹10,000 pair of sneakers last week (he does not ask much, and so this surprised me a bit), but because I have been wondering if I am doing this whole “teaching kids about money” thing right.

In the last edition of The Almanack of Good Life, I wrote about the importance of health and time over money and recounted the story of William Vanderbilt, who believed the burden of managing his father’s empire had broken his health.

[Read more…] about The $200 Million Lesson: Raising Money-Wise Kids in a World of Excess

Charlie Munger on Patience, Wisdom, and the Power of Changing Your Mind

An announcement before I begin today’s post.

I have opened admission to the August 2024 cohort of my Online Value Investing Workshop, which has already been taken by 1800+ students ever since I launched it two years ago. Here is what you get when you sign up for this workshop – 

  • 30+ hours of pre-recorded lectures and Q&A videos
  • 60+ questions answered in the Q&A
  • Live Q&A session of 3 hours on Sunday, 25th August 2024 (7 PM IST Onwards)
  • One-year unrestricted access to the entire content
  • 7 readymade screens to filter high quality stocks (and avoid the bad ones)
  • Bonus 1: Stock analysis spreadsheet (otherwise priced at ₹1999)
  • Bonus 2: Rethinking Financial Freedom Masterclass + The Art of Investing Masterclass (otherwise priced at ₹1998)

I am accepting 100 students for this cohort, and the first 30 can claim a special early bird discount on the registration fee. Click here to read the details of the workshop and sign up.


Welcome to the latest issue of ‘The Journal of Investing Wisdom’, where I delve into the thoughts, reflections, and readings that have recently captured my attention. This journal serves as a window into my contemplations and the resources that inspire and inform my journey as an investor. I hope you like what you read below. If you are new here, and wish to get insights and ideas like these straight into your inbox, please click here to become a member.

Become a wiser investor in just 5 minutes

Join The Journal of Investing Wisdom and receive insightful ideas on investing, stock analysis, and human behaviour. Plus, unlock access to free chapters of my upcoming books, multiple e-books, and my stock analysis excel. All for FREE!

No charge. Unsubscribe anytime.

What I’m Reading

Wit and Wisdom of Charlie Munger

I am a loner and have worked alone for almost the whole of my time at Safal Niveshak, which is for the past 13 years, but I understand the importance of having the right partner. For me, that partner is my wife. 🙂

But if you are looking to find a good partner for work, you may want to look into the 60-year long partnership of Warren Buffett and Charlie Munger, which sadly ended late last year with the passing away of Charlie.

[Read more…] about Charlie Munger on Patience, Wisdom, and the Power of Changing Your Mind

A Yogi’s Rules on Money and Happiness

Welcome to the latest issue of ‘The Journal of Investing Wisdom’, where I delve into the thoughts, reflections, and readings that have recently captured my attention. This journal serves as a window into my contemplations and the resources that inspire and inform my journey as an investor. I hope you like what you read below. If you are new here, and wish to get insights and ideas like these straight into your inbox, please click here to become a member.

Become a wiser investor in just 5 minutes

Join The Journal of Investing Wisdom and receive insightful ideas on investing, stock analysis, and human behaviour. Plus, unlock access to free chapters of my upcoming books, multiple e-books, and my stock analysis excel. All for FREE!

No charge. Unsubscribe anytime.

What I’m Reading

A Yogi’s Rules on Money and Happiness

I read an article recently written by Paramhansa Yogananda – of Autobiography of a Yogi fame – during the Great Depression in the US. It was titled Creating Your Happiness.

Not surprisingly, the principles laid out by Yogananda remain relevant even today, 90+ years after he wrote about them.

You see, the old rules of life or money never change and they only become tough on you when you ignore them. Like these golden rules laid out by Yogananda (the emphasis is mine), which if you continue to ignore, may make your life tough.

Over to Yogananda.

[Read more…] about A Yogi’s Rules on Money and Happiness

The Psychology of Investing #1: Conquering the Investor’s Worst Enemy

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy 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.” I am beginning this new series of posts on the psychology of investing, where 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.


Why oh why are human beings so hard to teach, but so easy to deceive.

~ Dio Chrysostom (Greek philosopher and orator, 2nd Century)

Success in investing doesn’t correlate with I.Q. once you’re above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

~ Warren Buffett

Anne Scheiber was 51 years old when she retired from her job as a low-level auditor from the American Internal Revenue Service in 1944. She never earned a salary of more than $4,000 per year, and although she was an exemplary worker, she never received a promotion. Maybe, because she was a woman and a Jew, the lots that were discriminated against in the workforce in general in the west during that period.

[Read more…] about The Psychology of Investing #1: Conquering the Investor’s Worst Enemy

Budget, Taxes, and the Power of Acceptance

Download “30 Big Ideas from Seth Klarman’s Margin of Safety” (E-Book)

*Also unlock access to free chapters of my upcoming books, multiple e-books, stock analysis excel, and membership to my newsletter – The Journal of Investing Wisdom.

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Budgets, with all their economic mumbo jumbo and despite sometimes their big announcements (like increase in capital gains tax, no indexation benefit on real estate etc.), don’t really matter to you as an investor in the larger and longer scheme of things.

[Read more…] about Budget, Taxes, and the Power of Acceptance

Kenneth Andrade on Spotting Great Businesses, Market Cycles, and Playing the Long Game of Investing

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.

Become a wiser investor in just 5 minutes

Join The Journal of Investing Wisdom and receive insightful ideas on investing, stock analysis, and human behaviour. Plus, unlock access to free chapters of my upcoming books, multiple e-books, and my stock analysis excel. All for FREE!

No charge. Unsubscribe anytime.


In the 33rd episode of The One Percent Show, I talked with Kenneth Andrade, Founder and CIO of Old Bridge Capital Management and Old Bridge Asset Management. Kenneth has over 32 years of work experience in equity research and funds management, which includes a formidable track record managing some of India’s most successful equity funds.

[Read more…] about Kenneth Andrade on Spotting Great Businesses, Market Cycles, and Playing the Long Game of Investing

10 Questions on Money and Investing that Changed My Life (E-Book)

The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life

Buy your copy of the book Morgan Housel calls “a masterpiece.” It contains 50 timeless ideas – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives today. Click here to buy now.


As investors, we are constantly bombarded with a deluge of information, tips, and strategies, all promising to be the key to financial success. Yet, I believe that, amidst this noise, the true essence of understanding how to walk on this path lies not in the answers we seek or are thrown at us, but in the questions we ask.

[Read more…] about 10 Questions on Money and Investing that Changed My Life (E-Book)
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