Here’s the first issue of Poke the Box, Safal Niveshak’s new e-letter on money, investing, and human behaviour, which will be delivered to your mailbox every Saturday morning.
Sign up here to receive the newsletter in your email, and get ready for stimulating Saturday mornings.
Let’s Start with Safal Niveshak
Just in case you missed any of this on Safal Niveshak over the last few days…
- I asked where all Safal Niveshak Tribesmen have gone? Well, a lot of them are still there, as the comments show. 🙂
- Announced the August launch of a one-year course to help you reinvent the way you invest, work, and live. Pre-registrations have closed, but you can still take a look at what’s coming.
- Announced StockTalk 2.0 to combine the intelligence of the Safal Niveshak tribe to do what Warren Buffett did 40 years ago. The first issue will reach you this coming Monday.
- An amazing video that showcases the father of value investing Ben Graham giving a lecture (yes!), and also shares his students’ views on the legacy of the legend.
I am re-reading Seth Klarman’s “Margin of Safety”, and here’s an important part I touched upon again…
Warren Buffett likes to say that the first rule of investing is “Don’t lose money,” and the second rule is, “Never forget the first rule.”
I too believe that avoiding loss should be the primary goal of every investor. This does not mean that investors should never incur the risk of any loss at all. Rather “don’t lose money” means that over several years an investment portfolio should not be exposed to appreciable loss of principal.
While no one wishes to incur losses, you couldn’t prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when others have already seemingly partaken.
It can be hard to concentrate on potential losses while others are greedily reaching for gains and your broker is on the phone offering shares in the latest “hot” initial public offering. Yet the avoidance of loss is the surest way to ensure a profitable outcome.
Stimulate Your Mind
Here’s some amazing content I read during the week gone by…
- What Warren Buffett would change if he ever edited Ben Graham’s The Intelligent Investor?
- Prof. Sanjay Bakshi on why you should stop associating value investing with low P/E multiples. Just like Buffett did.
- Do you know what differentiates the world’s best investor from 98% of CEOs?
- How you can become the luckiest person on the planet?
- Top 10 things you should be informed about in life.
Sign up here to receive Poke the Box in your email, and get ready for stimulating Saturday mornings.
Get drenched in the rain.
Make time for yourself.
Till next weekend…
Chief Poker – Poke the Box