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, …
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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 …
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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, …
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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 …
Beware the Boredom of Bull Market
The Sketchbook of Wisdom - Pre-Order Ends on 15th January: My new book – The Sketchbook of Wisdom: A Hand-Crafted Manual on the Pursuit of Wealth and Good Life – is almost here (shipping starts in mid-February). Pre-order by 15th January to reserve your copy. Click here to pre-order now. * * * I received an email recently where one reader asked – …
51 Ideas from 2020
Dear Tribe Member, Despite the despair all around, I trust 2020 treated you well and that you and everyone around you are keeping safe and healthy. Right before the year ends, I thought I’d share a handful of ideas I’ve learned, re-learned, and wrote about in the past twelve months. Here are 51 of them categorized under the subjects of …
Lost Money on Stocks? Have No Shame
Adolf Merckle was a leading German entrepreneur who, in the early 1970s, founded Germany's first generic drug manufacturer, Ratiopharm. For several decades he also held large parts of cement company HeidelbergCement as well as vehicle manufacturer Kässbohrer. In 2007, he was worth US$ 12.8 billion, and among the five richest people in …
I Have Never Sold Stocks for This Reason
I am a ‘buy-and-never-sell’ kind of investor. But I have sold a few stocks in the past. I have sold stocks that I realized were mistakes to begin with. I have sold stocks that did not move for a few years (and then they moved!). And I have sold stocks when I needed money for my requirements and had no other asset to encash. In fact, I have …
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The 42nd Lesson
Value Investing Almanack (VIA) - Special Offer Ends TODAY: VIA, our premium newsletter that subscribers call “the best resource on Value Investing in India,” which was closed for new subscriptions for the past few months, is now accepting new members, and at a very special 55% discount, or Rs 9,000 off the base price! Click here to join now. * * …