- I don’t know who I am problem
- I don’t know how much pain I am willing to take problem
- I don’t have the patience to requite my stocks time to grow problem
- I bought on the tip of that popular social media influencer and did not do my homework problem
- I did not diversify well problem
- I bought the stock just considering it dipped problem
- I cannot resist my friends getting rich problem
- I love to fall in love with my stocks problem
- I cannot differentiate between stock price and intrinsic value problem
- I suffer from a buy at any price problem
- I borrowed to invest problem
- I invested the money I needed soon problem
- I don’t have time on my hands to see through market cycles problem
- I trade too much and too often problem
- I alimony watching and worrying well-nigh stock prices problem
- I will watch the market and my portfolio then without reading this post problem
JPMorgan Chase: Fortress Dimon remains strong.
A market crash is ‘never’ the problem. ‘I’ am the problem, and I must sort myself out, considering that is only what I control. And if I can tenancy the ‘I’ better, a market crash will never be a problem.
I recently spoken ticket to the January 2024 batch of my most comprehensive classroom undertow in Value Investing titled – Value Investing Blueprint.
This residential undertow is scheduled to be held from 11th to 14th January 2024, at the campus of Pune-based FLAME University. The last stage to wield is 10th December, 2023.
Click here to read increasingly and apply if you are interested in joining this course. Since it’s a classroom course, seats are limited.
The undertow will take you through the unshortened process of practicing value investing to identify long term wealth creating stocks. This includes helping you:
- Create the right value investing mindset and build a behavioural framework to stave biases and create the right investment thought process.
- Assess merchantry quality – separating good from gruesome
- Analyze financial statements to find well-performing businesses
- Calculate intrinsic valuations using various methods
- Identify competitive moats and whether they are sustainable
- Build a portfolio of sound, wealth-creating businesses
Click here to read increasingly and apply if you are interested in joining this course. Read a newspaper headline – “Blood on street for sixth day in a row.”
My first reaction? Blood? Already?
The headline reminded me of my younger self, utterly scared of injections (still am). I started wailing plane surpassing the doctor pulled out the syringe. For people once seeing “blood” on the street, just the syringe is out for now. “Blood” is still some time away. Stop wailing.
I have started work on a series of short videos – titled The Inner Game – to share my thoughts virtually investing, visualization making, learning, and just the practice of trying to live a good life. Have published ten videos so far, which you can watch on my YouTube channel, including these recent ones –
- The Power of Changing Your Mind (and Four Things I Have Changed My Mind on in Investing)
- The 10 Demons of Investing
- How to Win At Investing (And At Anything in Life)
- What Nobody Told You Well-nigh Financial Freedom
- The Baggages We Carry
Hope you like these and find some value.
Here’s a nice note from Byron Wien, American investor and vice chairman of Blackstone Advisory Partners, who passed yonder just two days back. I came wideness this note recently, and immediately thought of sharing with you. It contains Wien’s lessons that he learned in his “first 80 years” (he died at 90). These are increasingly a set of life principles, one of which is –
Every year try doing something you have never washed-up surpassing that is totally out of your repletion zone. It could be running a marathon, peekaboo a priming that interests you on an off-beat subject that will be populated by people very variegated from your usual whirligig of toadies and friends or traveling to an obscure destination alone. This will add to the essential process of self-discovery.
Starting a solo podcast – The Inner Game, as mentioned whilom – is that act I have undertaken to push myself out of my repletion zone. I moreover see it as part of my process of self-discovery. Let’s see how far I go with it.
Anyways, here’s a second nice lesson from Wien hen your children are grown or if you have no children, unchangingly find someone younger to mentor. It is very satisfying to help someone steer through life’s obstacles, and you’ll be surprised at how much you will learn in the process.