Great articles to read on the web

This is a superb article that I read recently. How you frame yourself is one of the most critical aspects of success, in any endeavour, including investing.

A must-read.

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An interesting article -

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Great piece. My corollary to this is that you need to figure out balance in everything. The best example is seen in cooking ( Masterchef) how no one ingredient can be allowed to overpower or how sweet and salt need to be balanced.

Discussion by Sandeepbhai and Mittal brother.
Great advice, simple to follow. Thanks guys for Gyaan.

Note: Great smile :grinning:, it may work as anti-depression. :grinning:

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https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?num=6818

Choices. Good read.

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Good one on personal finance and why DIY investing is better in the long run

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(Case study of After Pay - study for Bajaj Finance as well as SBI Cards)
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https://youtu.be/A2JAaSU4kM8

WB and CM on financial institutions

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Century of wisdom by 4 experienced investors. Read between the line; they seems struggling like us. Samirji has shared some good advice in initial part of video. I liked it hence sharing…

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Warren Buffett’s comprehensive CNBC interview. The 2-hr video is a must watch. Although it’s of Feb’20, but its worth watching now & again - viewing the perspectives in hindsight and again some of the timeless principles Buffett mentioned : -

Some of the gems which I feel worth highlighting\revisiting : -

  • The simplest investment principle - take a piece of paper and write - "I own this business at this price because _____________________ "

  • A good idea gives more trouble than a bad idea because it works, works, works and then it doesn’t

  • Businesses always faced one or the other trouble\uncertainty - Before COVID, it was trade traiifs, taxes, disruption etc. Its how well they’re placed to tackle these that counts

  • A bond yielding 2% means buying zero-growth earnings at 50 times PE. Use this comparable perspective when valuing stocks

  • 3 things to check to determine how a business will perform 10 yrs from now - Volume growth, margins and its competitive position

  • Banks make more money when the interest rate curve is steep; however, well-run banks are certain to make good money over a low-interest cycle as well

  • Lower interest rates are good for stocks, not so good for insurance companies which sell Fixed return and Annuity products

  • Index funds is a conglomerate of 500 cos. about which the investors are crazy about and don’t put a conglomerate discount; then why that isn’t the case against a well-managed conglomerate

  • Portfolio management isn’t a daily activity. There are months when WB, Ted and Todd don’t have much to do w.r.t managing stocks in portfolio

  • It always looks logical retrospectively but puzzling prospectively

A lot of other issues are touched - Board of directors, Airlines business, cryptocurrencies, holding cash etc. etc.

P.S - Pardon for the long post but since it’s a long interview that covered a lot of imp points, so I thought of summarizing them.

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Great video by S Naren on being contrarian

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Why Goldman Sachs Research Expects a Bull Run for Commodities in 2021 https://www.goldmansachs.com/insights/podcasts/episodes/12-15-2020-jeff-currie.html

Pearls of wisdom :point_down:

https://youtu.be/cqZ8rZSI3tw

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worth a watch —concentrated focus on fundamental analysis :point_down:

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25th Wealth Creation Study by Raamdeo Agrawal.

Note: Actual video starts from 2.00 hours…

Also find pdf of the study here. https://motilaloswalwcs.com/ - Download link is there.

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For scientifically oriented --its a possible to model it as same patterns repeat again and again and what might look like a random event to the naked eye is not so random when u are able to process large amounts of past data to see a pattern —good watch :point_down: :slight_smile:

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