How to Minimize Shocks from the Unknowns and Unknowables of Life
“Life,” John Lennon said, “is what happens to you while you are busy making other plans.” We have seen ample proof of this in the last year. However, here is a tool, a mental model, a practice that can help us minimize the shocks that the unknowns and unknowables of life render us from time to time. It is called 'margin of safety' - a widely …
[Read More...] about How to Minimize Shocks from the Unknowns and Unknowables of Life
How to Be Okay When Things Are Not
Trust you and everyone in your family is safe and fine. Here is my latest podcast episode, the first in a series on my book - The Sketchbook of Wisdom - wherein I talk about how we can be okay when things around us are not. This applies not only to life but also to investing. So, I hope you find this useful anyway. …
The Last Things on My Mind
“Sometimes fate is like a small sandstorm that keeps changing directions," wrote Haruki Murakami in Kafka on the Shore – You change direction but the sandstorm chases you. You turn again, but the storm adjusts. Over and over you play this out, like some ominous dance with death just before dawn. Why? Because this storm isn’t something that blew …
My Talk on Long Term Investing in the Age of Short Attention Spans
I recently spoke at a webinar organized by MoneyWiseSmart on the subject of long-term investing in the age of short attention spans. Click here to watch the video of my talk, or watch below. Thank you for your time! * * * Buy The Sketchbook of Wisdom: The first print of my new book - The Sketchbook of Wisdom - is almost 80% over, and has …
[Read More...] about My Talk on Long Term Investing in the Age of Short Attention Spans
The Sketchbook of Wisdom: Buy Now
My new book - The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life - is flying off the shelves (despite its 800-gram weight). 🙂 I have already despatched 1150+ copies of the book across India, plus in process of sending off another 200+ copies internationally. Here are just a few reviews the book has …
No Stock is Safe
The Sketchbook of Wisdom Now on Amazon: My new book - The Sketchbook of Wisdom - is now available on Amazon India. Packed with 50 timeless ideas, the book is a manual on virtue, happiness, and the pursuit of wealth and good life, and has already been bought across 30+ countries within 15 days of launch. Click here to get your copy on Amazon or buy …
The Biggest Killer of Investment Returns
Somewhere, right this very moment, an investor you know of is having more fun than you. He has made a lot of money – more than you – in the stock market surge of the past few months. And you missed out on it. In fact, you may even know of someone who owns all the stocks that are rising, and you are cursing yourself for not being that person, …
[Read More...] about The Biggest Killer of Investment Returns
A Cheat Sheet To Avoid Stock Market Ruin
In his book, Skin in the Game, Nassim Taleb runs an interesting thought experiment where he talks about two cases of playing the casino. Equate the first case with 'stock market trading' in general – …one hundred people go to a casino to gamble a certain set amount each over a set period of time, and have complimentary gin and tonic. Some …
[Read More...] about A Cheat Sheet To Avoid Stock Market Ruin
The Sketchbook of Wisdom: Pre-Order Ends Today
This post is to notify that pre-order for my new book - The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life - closes today. Click here to read more about the book and order your copy now. Packed with 50 timeless ideas from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, Lao Tzu to Nassim Taleb, …
[Read More...] about The Sketchbook of Wisdom: Pre-Order Ends Today
My Stock Valuation Manifesto
I had shared my Investor’s Manifesto few years back. Here is my fifteen-point stock valuation manifesto, which I have been using as part of my investment process for the past few years now. It is evolving but is something I reflect back on if I ever feel stuck in my stock valuation process. You may modify it to suit your own process and …