10 Comments

As always a great read.

Each generation leads a better life than the preceding one, despite each generation cribbing more than the preceding one.

Expand full comment

Brilliant piece !! - Two lines stood out for me - a) The idea is to stick to strong boats and not predict storms b) It's hard to be long equity without being long humanity

This piece resonates deeply. Thank you.

Expand full comment

Article is good but too long and repetitive

Expand full comment

Ha ha. Yes. I think any fundamental driven business valuation with good amount of margin of safety necessitates a repeated reminder to self to not deviate from a investment rationale. You see the mind is very fickle and it has to be constantly reigned in. Am I being fair Anand? - Nilanjan

Expand full comment

Nicely articulated.

Expand full comment

"Deep down, be an optimist... Much as we seem capable of self-annihilation all the time, we don’t seem to have achieved it even once."

This alone would make it worth reading your essay. Thank you!

Expand full comment

Hello sir, how can I connect with you? Have a few questions regarding portfolio management.

Expand full comment

It means a lot for long term investors who have patience to ride several cycles.

Expand full comment

It means a lot for long term investors who have patience to ride several cycles.

Expand full comment

always learning from your essays.. its service to other little stupid people to make them lesser stupid, please continue...

Expand full comment