Instead of thinking of our chosen investment style as a fortress to be defended from attacks at all costs, maybe think of it as an idyllic picnic spot. We happened to find one on a stroll, put down our blanket, and enjoyed a leisurely lunch. We will be ready to move on because we know we can return. But for the duration we’re there, we probably won’t be sending up flares announcing its location to the world.
No Net Worth number compensates for needing a neck, back, knee brace or medication to get through the day. The good thing, unlike time, being in the best physical / mental state you can be is not a perishable commodity. Fitness and working out are different for everybody. It takes more work depending on how … Read more
In the ‘Let’s talk investing‘ series, I spoke with Raunak Onkar, head of Research, and Fund Manager at PPFAS Mutual Fund. In this series, I write about my conversations with investment practitioners, people with real-world investment decision-making experience. My objective in these conversations is to understand their investment philosophy and process, to demystify, at least … Read more
It’s that time of the year when the world’s most awaited corporate communication comes out. My guess is if we take all publicly listed companies around the world (except one), and add up the number of times their management letters get read, that number would be dwarfed by that for Berkshire Hathaway and Warren Buffett’s … Read more