“To stay sane and solvent, history and psychology matter way more than anything covered in an MBA program.” In 18 words you have summarized $200,000 or so of higher education :)
I think this is one lesson which is missing in most great investing books. Also its an excellent summary of what i have to summarize experience of pandemic in one article!
very well written this should be like margin of safety chapter in book that you would write in future.
Thanks for taking pain to pen it down and sharing with buggy ones like us :)
Another great piece Anand. It reminds me of Ben Graham's famous prediction vs protection approach to investing.........you can only protect against an uncertain future and not predict it......Thus, as long as you have the safeguards in place like a good long term financial history, a strong balance sheet and an ample margin of safety in valuations, you shouldn't be afraid of pulling the trigger........here, you are well protected on the downside and also well placed to ride the upside of a favorable economic scenario..........
In this world of information overload, one saying from buffet is invaluable i.e. Information is desirable only when it meets both the criteria of being a.important and b.knowable.
“To stay sane and solvent, history and psychology matter way more than anything covered in an MBA program.” In 18 words you have summarized $200,000 or so of higher education :)
Brilliant!
Brilliant. Sums up, why most of are unable to buy quality stocks at cheaper price during a mayhem.
I think this is one lesson which is missing in most great investing books. Also its an excellent summary of what i have to summarize experience of pandemic in one article!
very well written this should be like margin of safety chapter in book that you would write in future.
Thanks for taking pain to pen it down and sharing with buggy ones like us :)
Another great piece Anand. It reminds me of Ben Graham's famous prediction vs protection approach to investing.........you can only protect against an uncertain future and not predict it......Thus, as long as you have the safeguards in place like a good long term financial history, a strong balance sheet and an ample margin of safety in valuations, you shouldn't be afraid of pulling the trigger........here, you are well protected on the downside and also well placed to ride the upside of a favorable economic scenario..........
In this world of information overload, one saying from buffet is invaluable i.e. Information is desirable only when it meets both the criteria of being a.important and b.knowable.