The most important decision you will ever make

Sketchbook of Wisdom: A Handcrafted Manual on the Pursuit of Wealth and the Good Life

Buy your book, which Morgan Housel calls “a masterpiece.” It features 50 timeless ideas—from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant—as they apply to our lives today. Click here to buy now.


After I decided to quit my job in late 2010, we found out our second child was on the way. There was a momentary dilemma whether to go ahead with the decision to leave work or not.

A new family member meant additional responsibilities, even in a period of high financial uncertainty. I used up a large chunk of my savings to pay off my home loan so I could quit the job and now I have an extra mouth to feed on top of the extra expenses for the newborn.

“Give notice!” was the call of my wife Vidhi. “We’ll see what happens when we take this step. The worst thing is that if nothing works out, we’ll sell our house and move back to a small town.”

I finally resigned in January 2011 and my son was born in May. He was a premature baby and we had to spend several days in the hospital. The bill took six months out of my savings. There was another momentary thought of going back to work, as my work had not yet begun to pay.

“Do not give up!” Vidhi advised. “We will see.” Give it some more time.” That was it! She didn’t give up on my dreams, so I didn’t either.

“The biggest decision of your life will be who you marry,” Warren Buffett said in the documentary. “There were two turning points in my life,” he added, “one when I came out of the womb and the other when I met Susie. What happened to me wouldn’t have happened without her.”

He also addressed the topic in 2017 during an interview with Bill Gates at Columbia University –

You want to associate with people who are the type of person you would like to be. You move in that direction. And by far the most important person in this regard is your spouse. I cannot overemphasize how important this is.

After spending 20 years with Vidhi, even I cannot overemphasize how lucky I am to have her as my lifelong partner. She has been my pillar of strength all these years and the main reason why I am where I am and who I am today. And whenever I hit a bump in the road, she helped me through.

So how big and overwhelming a deal is it to pick the right spouse? Tim Urban writes on his Wait But Why blog –

…start by subtracting your age from 90. If you live a long life, that’s about the number of years you’ll spend with your current or future life partner, give or take a few…And when you choose a life partner, you choose a lot of things, including your parenting partner, someone who will profoundly influence your children , your dining companion for roughly 20,000 meals, your travel companion for roughly 100 vacations, your primary leisure and retirement friend, your career therapist, and someone you hear about 18,000 times a day.

As a culture, we spend hours and hours developing academic knowledge, building physical fitness, deciding where to go to college, or learning how to manage money well. But we spend little, if any, time figuring out how to make the most important decision of our lives. Because it is.

Your choice of life partner will affect the quality of your life far more than where you go to college, what you do for a living, or where you make your home. Choosing a good spouse is by far the most important thing in life.

Charlie Munger advises that the best way to get a good husband is to “earn a good husband.”


I recently announced the acceptance for the January 2024 batch of my most comprehensive value investing course called – Value Investing Blueprint.

This residential course will be held from 11th to 14th January 2024 at FLAME University campus located in Pune. The deadline for submitting an application is December 10, 2023.

Click here to read more information and sign up if you are interested in participating in this course.

As this is a classroom course, places are limited.

The course takes you through the process of practicing value investing to identify stocks that create long-term wealth. This includes helping:

  • Get the right approach to value investing and build a behavioral framework that prevents bias and creates a sound investment thought process.
  • Evaluate the quality of the business – separating the good from the awful
  • Analyze financial statements find well-performing businesses
  • Calculate the intrinsic value using different methods
  • Identify competitive rates and whether they are sustainable
  • Build a portfolio of solid wealth-creating businesses

Click here to read more information and sign up if you are interested in participating in this course.


I started working on a series of short videos – titled Inner game – to share my thoughts on investing, decision making, learning and just the practice of living the good life. You can follow them my YouTube channelincluding these recent –

You can also find these and all past sessions at Apple Podcasts, Spotify, Google Podcastsand Amazon.

I hope you enjoy them and find some value. Please let me know your opinions and/or suggestions for improvement. Thank you.


That’s about all from me for today.

If you liked this post, please share it with others at WhatsApp, Twitter, LinkedIn. Or email them with a link to this post.

If you are seeing this newsletter for the first time, you can sign up here.

Stay safe.

Regards, Vishal


Sketchbook of Wisdom: A Handcrafted Manual on the Pursuit of Wealth and the Good Life

Buy your book, which Morgan Housel calls a “masterpiece.” It features 50 timeless ideas—from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, and Steve Jobs to Naval Ravikant—as they apply to our lives today. Click here to buy now.

Leave a Comment