Anchor to the future
Making a case for why we need to anchor to the future and not to the past.
Making a case for why we need to anchor to the future and not to the past.
Warren Buffett said that he and Charlie are willing to look foolish provided they have not acted foolishly. In this blog, I am saying this is a superpower because it allows you to not fall for social proof and making independent decisions.
Investment should be about making good long term returns. It’s not about winning a popularity contest.
This blog revisits some of Ben graham’s teachings related to markets and valuations.
When there is nothing to do, do nothing. This is true in Test Cricket, Baseball, Investing and Business. It’s important to be patient and wait for the right opportunity rather than swing after suboptimal opportunities.
In this blog, I connect the Parable of the Lost Sheep from the Bible to investing in turnarounds. Just as there is extra happiness in finding the lost sheep, there is extra rewards for a turnaround that is successful.
Slack is like margin of safety. Slack helps countries, companies, portfolios and individuals to survive.
Classical Economics assumes humans make decisions rationally. But in reality we are all messed up. Behavioral Economics explains our biases and why/how we make irrational decisions all the time.
In investing as in life, occasionally things will not go as per our plan. What should we then do? Cut our losses and move on, no matter how hard it is. This is what lucky people do.
Our natural wiring makes us veer towards certainty and away from uncertainty. But certainty comes at a cost. And it’s okay to seek some certainty too.