Mastering the Lengthy Recreation of Investing

Obtain PDF model of this submit.

Shyam Sekhar on Mastering the Lengthy Recreation of Investing

Within the newest episode of The One % Present, I talked to Shyam Sekhar, the Chief Ideator and Founding father of iThought Monetary Consulting. Amongst a whole lot of insights, Shyam talked about –

• Function of proper mentors in life,
• Significance of growing an funding philosophy, and
• Enjoying the lengthy recreation in investing.

On his learnings from mentors, Shyam had this to say –

“I’ve realized a whole lot of enterprise solely from enterprise individuals. I’ve not realized it from buyers however from enterprise individuals. And that’s the reason I have a look at companies from a enterprise perspective and never an investor’s perspective. And I’ll solely put on the investor’s hat if I’m satisfied from a enterprise perspective. There may be one other perception that you just be taught solely from people who find themselves profitable. I’ve a really completely different view. Many individuals haven’t been so profitable in life and have taught me many issues by opening up about their previous experiences and actually sharing their thought processes. However for them, I’d haven’t understood the genesis of failure. It’s very straightforward to solely have a look at success, however you must perceive failure first. ”

One other insightful a part of our dialog was when Shyam suggested buyers to not be outcome-driven –

“Don’t be simply end result pushed. I feel lot of individuals, notably in these three years I see have grow to be more and more end result pushed and obsessed. If you wish to do that for a protracted time frame, you’ll have several types of outcomes and you must whether or not the dangerous outcomes so that you can benefit from the nice outcomes. So, should you solely need nice outcomes, then you’ll not be able to face the dangerous outcomes.”

Click on right here to hearken to our total dialog.

* * *

My Interview on Speaking Billions

I just lately talked with Bogumil Baranowski, founding accomplice of Sicart Associates and writer of “Outsmarting the Crowd – A Worth Investor’s Information to Beginning, Constructing and Protecting a Household Fortune” on his podcast Speaking Billions.

We took on some large questions on life, residing with kindness and how one can be okay when issues are usually not. We additionally mentioned the idea of freedom, minimizing the price of being flawed, and likewise why we must always deal with our wealth like our youngsters, who’re our major hyperlink between the current and the longer term.

I loved speaking to Bogumil. Click on right here to hearken to our dialog.

My dialog with Bogumil revolved round my e-book The Sketchbook of Knowledge, which comprises 50 timeless concepts – from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, Lao Tzu to Nassim Taleb, and Steve Jobs to Naval Ravikant – as they apply to our lives right this moment.

If you happen to haven’t bought a duplicate of the e-book, which has already offered greater than 5500 copies worldwide, click on right here to get it now.

* * *

Bharat Shah on Investing Efficiently

Among the finest theories I’ve learn on the significance of investing in high-quality companies within the Indian context comes from Bharat Shah of ASK Group, who has written a e-book (unhappy, it’s not obtainable in print) titled “Of Lengthy Time period Worth and Wealth Creation from Fairness Investing.”

I just lately got here throughout his previous interview, the place he shared his insights on worth investing and the way he shaped his funding course of and rules. A passage from the interview reads thus (emphasis mine) –

“…profitable long-term investing calls for 2 very important technical capabilities or craft and two character traits. Whereas craft could be honed and refined by observing and absorbing, character traits have to return from inside and be developed.

The 2 important abilities are: means to understand and grasp the true character and the innards of various companies in addition to the power to worth them. Until these skills are developed, one can not grow to be an excellent investor.

The 2 very important character traits are: self-discipline (or temperament) and knowledge. Self-discipline lies in investing solely into high quality companies and the temperament of not getting carried away by the fads of the markets and shopping for such high quality companies solely at a significant margin of security.”

* * *

The Inside Recreation Podcast

I just lately revealed a sequence of brief movies – titled The Inside Recreation – to share my ideas round investing, choice making, studying, and simply the observe of making an attempt to dwell an excellent life.

You’ll be able to watch them on my YouTube channel, together with these current ones –

You can even discover these and all previous classes on Apple Podcasts, Spotify, Google Podcasts, and Amazon.

Hope you want these and discover some worth. Please let me know your suggestions and/or strategies for enchancment. Thanks.

* * *

Walter Schloss’ 16 Timeless Investing Guidelines

* * *

Closing Ideas

“As I look again on it now, it’s apparent that learning historical past and philosophy was a lot better preparation for the inventory market than, say, learning statistics.” ~ Peter Lynch

“We by no means sit down, run the numbers out and low cost them again to web current worth. The choice ought to be apparent.” ~ Charlie Munger

* * *

That’s about it from me for right this moment.

If you happen to favored this journal, please share it with others.

If you’re seeing this for the primary time, it’s possible you’ll subscribe right here.

Thanks on your time.

Regards, Vishal