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Thank forsharing process. **
Vinod
Dear Vinod,
Learning is always work in progress. Analysis edge gets build up over years as we learn. Many times past patterns repeat themselves. If we r prepared with dry gun powder (behavioral edge) then we can take advantage of them repeatedly. Rather than book i wud say few sentences have helped me become a better investor. They r from Warren Buffett, Charlie Munger, Peter Lynch, Phil Fisher.
Investing is most intelligent when it is most business like. Value investors always want to have a margin of safety. I had met Vallabh Bhansali when I was very young. I attended his lecture and he literally made a fool of listeners. My thought process started from there on. From him i learned to understand different phases of industrial cycles and their impact on the co profits. Some contrarian investors have super behavioral edge. If i had just bot what he had hinted at, i wud have many crores.
Regarding behavioral edge i wud say that over all these years i have learned that as soon as you find some bargain, irrespective of the overall market, it makes sense to buy.
Hope i hv thrown some light.
JM