Charlie Munger's Rules highlighted by Warren Buffett in his latest shareholder letter....highly recommended....

1)The world is full of foolish gamblers, and they will not do as well as the patient investor.

2)If you don’t see the world the way it is, it’s like judging something through a distorted lens.

3)All I want to know is where I’m going to die, so I’ll never go there. And a related thought:
Early on, write your desired obituary – and then behave accordingly.

4)If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.

5)Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.

6)You can learn a lot from dead people. Read of the deceased you admire and detest.

7)Don’t bail away in a sinking boat if you can swim to one that is seaworthy.

8)A great company keeps working after you are not; a mediocre company won’t do that.

9)Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.

10)Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.

11)There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count
on getting rich twice.

12)You don’t, however, need to own a lot of things in order to get rich.

13)You have to keep learning if you want to become a great investor. When the world changes, you must change.

14)Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.

15)Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”

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Laurus or Divis? Here's What ChatGPT Had to Say

Rahul Shah asks ChatGPT whether Laurus is a better investment than Divis.

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Accepting that we cannot predict the future--i.e., that there will always be unexpected and highly consequential events--is the first step in becoming less fragile and more adaptable. People should be highly skeptical of anyone’s, including their own, ability to predict the future, and instead pursue strategies that can survive whatever may occur.” —Seth Klarman

(Source: Joe Koster)

LIVE NOW: 3 Stocks to Ride India's Third Giant Leap

In just minutes from now, I will reveal the biggest prediction of my career for the first time ever.

MY research says, India is set to take a leap of epic proportion.

I have already identified my first 3 stocks to ride this giant leap.

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We’re live! Our online meeting on Momentum Investing with systems analyst Rahul Shah has just kicked off.

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Is the Correction Over in Tata Elxsi & LTTS?

Will the bulls take charge in Tata Elxsi & LTTS?

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IEX: Is the Buying Opportunity Slipping Away?

Is IEX about make a strong comeback in FY24?

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3 Things I Wish I Knew About Infosys Earlier

Is Infosys still a good bet for the long term?

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Rail Stocks: Time to Get off These Fast Moving Counters?

Have valuations in rail stocks run ahead of the fundamentals?

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Rail Stocks: Sharmaji Ka Multibagger Formula: Pros & Cons

Is Shankar Sharma's investment strategy well suited for the average investor?

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My Problem With the Valuation of Tata Motors

Is the risk-reward of investing in Tata Motors not in favour of investor anymore?

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AI is Here. Will it Kill the Small Investor?

Is AI going to eat the lunch of the average retail investor?

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One of the great balancing acts in life is to be cautious and daring at the same time.

Cautious enough to avoid stupid mistakes, prevent burnout, and maintain a margin of safety.

Daring enough to bet on yourself, to do the things you would regret leaving undone, and to be willing to be uncomfortable in the short term so you can learn and grow in the long term.

Source: James Clear

I think this has a lot of parallels to investing. The greatest investors are usually the ones that can do the fine balancing act between aggressiveness and conservativeness. When stocks are expensive and markets not in their favour, they choose to do nothing. But when markets crash and turn cheap they turn fiercely aggressive.

As Buffett says, when it is raining stocks, you put out the bucket, not the mug. At other times, you just sit quiet.

I’m Inviting You to My Upcoming Event on Dark Stocks

Dark stocks have always fascinated me.

When I first discovered some of these dark stocks… my instant reaction was.. No Way...

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Dixon Tech Up 60% in 6 Months. More Gains Ahead?

Has the risk-reward of investing in Dixon still in favour of investors?

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