While reading Charlie Munger: The Complete Investor, I got to know about Benjamin Graham. He is widely known as the “father of value investing.” The crux of value investing (excerpts from the book) : Determining the appropriate intrinsic value of a business. Determining the appropriate margin of safety. Determining the scope of an investor’s circle …
Author Archives: Atul
On Management
These are some key insights Charlie Munger looks in an organization to acquire or invest. (excerpts from the book, Charlie Munger: The Complete Investor) : Capital allocation Compensation systems that create alignment with shareholders. Moat-widening skills. Management in place with high integrity. Brilliant and exceptional managers. Remember that reputation and integrity are your most valuable …
Elements of style
Spent some time reading Elements of style. Two things I learned: The best writers sometimes disregard the common rules of writing. Writing in plain English which we use every day and fluency in which we talk among peers adds acceptance.
Network
Man is by nature a social animal. — Aristotle We like the people around us. We share our stories, mingle, jest and merry. It is like a lifeboat, helping us to pass the high tide. Find a network, be part of one or build one. As we age we will need more company, communication, and …
Technique
I have been a longtime worshiper of process, grit, and perseverance. In my naive understanding, I had this belief I that I can achieve anything with the ingredients mentioned above. I had to do the rethinking last week after chatting with my friends on my pace and heart rate. On reading more I realized I …
Fix it
It is easy to complain about things around us. From traffic, plastic, corruption, pollution, corruption, Et all. This world is not perfect, it has got many opportunities for us. How about working together and fixing it. History tells us about it. From Martin Luther Jr, Mahatma Gandhi, Henry Ford, Jamsetji Tata, Steve Jobs to Elon …
The Seven Sins of Memory
Psychology professor Daniel Schacter, proposes in The Seven Sins of Memory. Our memory weakens and we lose memory over time. We are preoccupied with distracting issues and don’t focus attention on what we need to remember. We search for information that we may be desperately trying to retrieve – something we know that we know …
Reason
It is sad how we start finding reasons for everything. We forget that our life is too short to overanalyze and stress in every situation. Things are going fine, but why? Things are going bad, but why? We try to build our imaginary thesis on every situation. How difficult it is to stay calm and …
Jokes
Sometimes we laugh and make jokes on our peers. In the moment of time, we don’t realize it’s long term effect. The joke might not sound sexist or racist to us but it leaves its mark on a longer run. Keep laughter to a minimum; do not laugh too often or too loud. — Epictetus …
Loss aversion
We don’t like losing. It can be in a relationship, wealth or competition. What could be the reason: Our innate survival instinct? Ego Consistency We always like to continue winning or getting profit from our investments. It sounds irrational but we are more hurt losing something than gaining 2X the same. At the same time …