Category: Blog

In our information-saturated age, we’re constantly bombarded with data from every corner of the globe. While access to information has undoubtedly expanded our knowledge and understanding, it has also created a new challenge: the noise bottleneck. This phenomenon, popularized by Nassim Nicholas Taleb, highlights the paradox that more information can…

Last week I offered the readers of Intelligent Investor a reason for the dismal performance of Indian mutual funds. My reason was that portfolio managers don’t have the right incentives to make intelligent but unconventional investment decisions with the result that the portfolios of most funds are very much alike…

March 20, 2022March 20, 2022 by alokranjan Since 1997, Amazon’s stock price has risen from $5 per share to over $3,000 per share. To read Bezos’ shareholder letters is to get a crash course in running a high-growth internet business from someone who mastered it before any of the playbooks were written….

I’m going to play a minor trick on you today because the subject of my talk is the art of stock picking as a subdivision of the art of worldly wisdom. That enables me to start talking about worldly wisdom—a much broader topic that interests me because I think all…

A Deep Dive into the Investment Philosophy of Warren Buffett Warren Buffett, the Oracle of Omaha, is renowned for his extraordinary investment prowess and his simple yet profound approach to life and business. Central to his success is a philosophy encapsulated in a single phrase: “Go to bed smarter than…

Understanding Michael Steinhardt: A Legendary Investor Michael Steinhardt, a renowned hedge fund manager, achieved extraordinary investment returns over 28 years. His success was rooted in a combination of sharp intellect, rigorous analysis, and a willingness to take calculated risks. While a specific 10,000-word interview detailing his exact strategy may not…

The Story “As the son grows older, he acquires the father’s business.” That’s how Deepak Parekh, the chairman of HDFC Ltd explained the merger between the 45-year old HDFC Ltd and its 28-year old banking offspring HDFC Bank. And you know what? It’s a nice way of summarizing this merger…

Warren Buffett’s annual letters to Berkshire Hathaway shareholders are legendary for their insights into investing, business, and life. These letters, often filled with wit and wisdom, have shaped the investment strategies of countless individuals. Here are 16 key lessons distilled from these timeless writings: 1. Long-Term Perspective: 2. Value Investing:…

“It is far easier to figure out if something is fragile than to predict the occurrence of an event that may harm it.” – Nassim Taleb “Survival is the ultimate performance measure.” – Vicki TenHaken “Everything feels unprecedented when you haven’t engaged with history.” – Kelly Hayes “My definition of…

Mental models are frameworks for understanding the world. They are the cognitive tools we use to interpret information, solve problems, and make decisions. By understanding these models, we can improve our thinking, decision-making, and problem-solving abilities. Why are Mental Models Important? A Curated List of Essential Mental Models Here’s a…

Charlie Munger, the legendary investor and Warren Buffett’s right-hand man, is renowned for his sharp intellect and deep understanding of human psychology. One of his key insights is the role of cognitive biases in shaping our decision-making. By recognizing and understanding these biases, we can make more rational and informed…

The Amateur vs. The Professional: A Deep Dive The line between an amateur and a professional is often blurred, especially in today’s world where passion projects and side hustles are increasingly common. However, a fundamental distinction exists, separating those who pursue a craft for enjoyment from those who dedicate their…