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Monday, May 27, 2024

Mastering the Lengthy Recreation of Investing


The Sketchbook of Knowledge: Get Your Copy Now

Purchase your copy of the ebook Morgan Housel calls “a masterpiece.” It incorporates 50 timeless concepts – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives right now. Click on right here to purchase now.


Obtain PDF model of this put up.

Shyam Sekhar on Mastering the Lengthy Recreation of Investing

Within the newest episode of The One % Present, I talked to Shyam Sekhar, the Chief Ideator and Founding father of iThought Monetary Consulting. Amongst quite a lot of insights, Shyam talked about –

  • Position of proper mentors in life,
  • Significance of growing an funding philosophy, and
  • Enjoying the lengthy recreation in investing.

On his learnings from mentors, Shyam had this to say –

“I’ve realized quite a lot of enterprise solely from enterprise individuals. I’ve not realized it from buyers however from enterprise individuals. And that’s the reason I have a look at companies from a enterprise perspective and never an investor’s perspective. And I’ll solely put on the investor’s hat if I’m satisfied from a enterprise perspective. There may be one other perception that you simply be taught solely from people who find themselves profitable. I’ve a really totally different view. Many individuals haven’t been so profitable in life and have taught me many issues by opening up about their previous experiences and actually sharing their thought processes. However for them, I’d haven’t understood the genesis of failure. It’s very straightforward to solely have a look at success, however you must perceive failure first. ”

One other insightful a part of our dialog was when Shyam suggested buyers to not be outcome-driven –

“Don’t be simply consequence pushed. I feel lot of individuals, significantly in these three years I see have turn out to be more and more consequence pushed and obsessed. If you wish to do that for a protracted time frame, you’ll have various kinds of outcomes and you must whether or not the dangerous outcomes so that you can benefit from the nice outcomes. So, for those who solely need nice outcomes, then you’ll not be able to face the dangerous outcomes.”

Click on right here to hearken to our total dialog.

* * *

My Interview on Speaking Billions

I lately talked with Bogumil Baranowski, founding accomplice of Sicart Associates and creator of “Outsmarting the Crowd – A Worth Investor’s Information to Beginning, Constructing and Holding a Household Fortune” on his podcast Speaking Billions.

We took on some huge questions on life, residing with kindness and find out how to be okay when issues should not. We additionally mentioned the idea of freedom, minimizing the price of being improper, and in addition why we should always deal with our wealth like our youngsters, who’re our main hyperlink between the current and the longer term.

I loved speaking to Bogumil. Click on right here to hearken to our dialog.

My dialog with Bogumil revolved round my ebook The Sketchbook of Knowledge, which incorporates 50 timeless concepts – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, Lao Tzu to Nassim Taleb, and Steve Jobs to Naval Ravikant – as they apply to our lives right now.

In case you haven’t bought a duplicate of the ebook, which has already offered greater than 5500 copies worldwide, click on right here to get it now.

* * *

Bharat Shah on Investing Efficiently

Among the finest theories I’ve learn on the significance of investing in high-quality companies within the Indian context comes from Bharat Shah of ASK Group, who has written a ebook (unhappy, it’s not out there in print) titled “Of Lengthy Time period Worth and Wealth Creation from Fairness Investing.”

I lately got here throughout his outdated interview, the place he shared his insights on worth investing and the way he shaped his funding course of and ideas. A passage from the interview reads thus (emphasis mine) –

“…profitable long-term investing calls for 2 important technical capabilities or craft and two character traits. Whereas craft will be honed and refined by observing and absorbing, character traits have to return from inside and be developed.

The 2 important abilities are: skill to grasp and grasp the true character and the innards of numerous companies in addition to the flexibility to worth them. Until these skills are developed, one can not turn out to be a superb investor.

The 2 important character traits are: self-discipline (or temperament) and knowledge. Self-discipline lies in investing solely into high quality companies and the temperament of not getting carried away by the fads of the markets and shopping for such high quality companies solely at a significant margin of security.”

* * *

The Inside Recreation Podcast

I lately printed a collection of quick movies – titled The Inside Recreation – to share my ideas round investing, choice making, studying, and simply the apply of attempting to dwell a superb life.

You may watch them on my YouTube channel, together with these latest ones –

It’s also possible to discover these and all previous classes on Apple Podcasts, Spotify, Google Podcasts, and Amazon.

Hope you want these and discover some worth. Please let me know your suggestions and/or ideas for enchancment. Thanks.

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Walter Schloss’ 16 Timeless Investing Guidelines

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Closing Ideas

“As I look again on it now, it’s apparent that finding out historical past and philosophy was significantly better preparation for the inventory market than, say, finding out statistics.” ~ Peter Lynch

“We by no means sit down, run the numbers out and low cost them again to web current worth. The choice ought to be apparent.” ~ Charlie Munger

* * *

That’s about it from me for right now.

In case you favored this journal, please share it with others.

If you’re seeing this for the primary time, you could subscribe right here.

Thanks on your time.

Regards, Vishal


The Sketchbook of Knowledge: Get Your Copy Now

Purchase your copy of the ebook Morgan Housel calls “a masterpiece.” It incorporates 50 timeless concepts – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant – as they apply to our lives right now. Click on right here to purchase now.

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