Let’s Start with Safal Niveshak
Just in case you missed any of this on Safal Niveshak over the last few days and weeks…
- Peter Lynch said, “Owning stocks is like having children, don’t get involved with more than you can handle.” Here’s a post that brings together diverse thoughts on how many stocks you should own.
- Some amazing lessons on life and money I learned from a taxi driver, Kantilal.
- Here’s an amazing e-book from Balaji Ganesan, a Safal Niveshak tribesman, on behavioural biases and how they impact you in your financial decision making.
- Carried an interview of value investor and blogger Ninad Kunder on what has shaped his life as an investor. Some really amazing stuff here!
I was reading Whitney Tilson’s The Art of Value Investing, and came across these thoughts from Seth Klarman on how an investor must deal with Mr. Market…
Most investors take comfort from calm, steadily rising markets; roiling markets can drive investor panic. But these conventional reactions are inverted. When all feels calm and prices surge, the markets may feel safe; but, in fact, they are dangerous because few investors are focusing on risk.
When one feels in the pit of one’s stomach the fear that accompanies plunging market prices, risk-taking becomes considerably less risky, because risk is often priced into an asset’s lower market valuation.
Investment success requires standing apart from the frenzy—the short-term, relative performance game played by most investors.
Stimulate Your Mind
Here’s some amazing content I read during the week gone by…
- Farnam Street shared some amazing thoughts on the importance of process over outcome.
- Michael Mauboussin speaks on the role of luck and skill in investing.
- 11 or 12 things James Altucher learned about life while daytrading millions of dollars.
- Seven tips from Ben Graham for the sinful investor.
- Jana Vembunarayanan, a Safal Niveshak tribesman, writes this brilliant post on Prisoner’s Dilemma.
- Meet the master of capital allocation, Henry Singleton.
Never give up.
Never ever give up.
Be kind to others, and to yourself.
Till next weekend…
Chief Poker – Poke the Box