Rather I have a few questions for you, in case you are competent to answer them.
Imagine two scenarios.
Scenario 1: You are looking to watch that latest Hollywood action flick you’ve been waiting for the past six weeks. Going by the pre-release popularity of the movie, you’ve had to pay Rs 500 per ticket, which is almost 3 times the normal price.
However, you are excited for the movie so the cost doesn’t pinch you that much. Now, just a day before your show, a couple of your friends who’ve already watched the movie tell you that it’s not worth watching at all. The hero’s acting is poor, and the story is very predictable and boring.
What do you do? You’ve already spent Rs 1,000 for a couple of tickets for you and your wife.
[Read more…] about That Sinking Feeling Can Destroy Your Wealth
I met a long-time Safal Niveshak tribesman and a great friend Sanjeev Bhatia and his family yesterday. Sanjeev took out time from work to visit me in Chandigarh (where I am holidaying), travelling almost 100 km from his hometown, Ludhiana.
While Sanjeev looks pretty lean and young (as you can see above :-)), he has a couple of grown-up boys, one studying engineering and the other also looking to go that way.
Being from a family that has several engineers – including Sanjeev and his wife – it’s obvious for the kids to head in that direction.
It’s human nature to want to get a job done as quickly as possible. Like you cross the street between intersections instead of using the zebra crossing, or jump a fence instead of using the gate.
It isn’t your problem!
Many of us have grown up being told that it’s important to accomplish as much as we can. But what we often aren’t told is that rushing can result in accidents, errors, and more time spent in the long run.
“What is an article on losing weight doing on an investing blog?” you may wonder.
Now, you asked this despite that you opened this article expecting a real good way to lose weight in seven days. Isn’t it? 🙂
Anyways, you are not alone in this search for a quick fix to your weight issues, for this is what the world is searching on Google when it comes to losing weight…
As you can see, most searches are for losing weight fast and without much hard work – “in a week”, “fast”, “in 7 days”, “in 1 month”…and “without exercise”.
The truth is that, and this is what I have realized, the faster you lose your weight, the faster you regain it.
A few readers have accused me in the past of being a sadist who wants them to do the dirty work of analyzing companies on their own, instead of simply recommending stocks like so many other blogs do.
But I’d rather give you a compass instead of a map, for you can confuse map with territory and lose your life’s savings walking that path!
In this pursuit of handing you another compass, here is an excel file (see below) that you can download on to your PC, and analyze not just the past performance of a company but also arrive at its intrinsic value in 30 minutes or less (only after you already have the annual reports with you).
This post is authored by Puneet Khurana, a Safal Niveshak tribesman.
Imagine the following scenario. You are sitting at your work desk sipping your coffee when your boss comes and offers you the following deal.
He offers you a fixed bonus of Rs 1 crore for the year. Besides this, he offers you a variable bonus. For the variable bonus, he asks you to either take another fixed Rs 50 lac or flip a coin. If it’s heads, you get Rs 1 crore and if its tails, you get zero.
Which of the options will you chose?
Now consider this.
This time he offers you a fixed bonus of Rs 2 crore for the year. From this Rs 2 crore, you can either give him Rs 50 lac back, no questions asked, or you can flip a coin.
My neighbors think I speak less. My friends think I speak very less. My wife thinks I don’t speak at all!
But when I tell people that I can speak for 30 hours in 3 days, they are astounded. And so was I by the end of day yesterday i.e., after finishing my fourth Art of Investing Workshop session in three days. 🙂
It was an amazing weekend retreat for me as I got chance to meet around 120 Safal Niveshak tribesmen in Bangalore and Chennai.