At 9 in the morning, the door of A13 Vrindavan Park opened, and a happy man in his mid-forties stepped out. “Good morning,” he said to the familiar traffic constable at the crossing. The policeman acknowledged the greeting. He continued using his whistle with skill to guide the traffic. “Move fast,” the traffic constable shouted … Read more
“You have to buy a 5-star rated fridge with a built-in stabilizer. If you don’t buy a 5-star rated fridge, then it is better you don’t waste your money on a fridge,” the salesman warned Swami. I never knew buying a refrigerator was such a complex activity. But I knew that day when we went … Read more
It was like every other weekend coffee conversation. But it was not. Swami and Jigneshbhai were having their usual question answer session. The questions weren’t ending and the answers weren’t starting. I don’t want to get into the details of the discussion because they are not relevant today. The wealthy old man was sitting on … Read more
Came across an interesting conversation that the famous value investor Mohnish Pabrai had with Steve Pomeranz. He talks about what value investing is, why individual companies matter to him more than broader markets (though not advised for normal passive or ‘defensive’ investors), the importance of temperament which should be a strange mix of patience and … Read more
Some articles and talks that I found worth reading and listening to over last few days: Video: Why Bruce Berkowitz still likes stocks others hate? LINK Get Rich Slowly – Jason Zweig LINK Video: Mohnish Pabrai Talks at Google LINK
Prem Watsa was once called the savviest value investor you will never know. He is also known as the Canadian Buffett. In fact, his investing approach is uncannily similar. He heads Fairfax which owns multiple insurance companies. He generally buys companies in whole and mostly when they are in trouble (Blackberry being a recent example). … Read more
This year marks 50 years of Buffett and Munger running Berkshire Hathaway. Since 1977, Buffett has been writing an annual letter to his shareholders. A compilation of these letters was also published as a book. This year the letter has its details on business performance, plus the now regular interesting insights and wisdom as usual, … Read more
I found this wonderful talk – both in style and substance, in numbers and stories – as he mentions – delivered by Prof Aswath Damodaran (of New York University) at Google posted on Youtube over this weekend. Here are some notes/ statements from this talk to takeaway: “Accounting is not valuation” “Goodwill is the most … Read more
It has been a while since I posted to the blog. The reason being I had nothing much to say. So while I find something to say, there is always a lot of interesting stuff to read. While the message remains the same like all the basics of investing, it is not a bad time … Read more