Mastering the long game of investing

Sketchbook of Wisdom: Get your copy

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.


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Shyam Sekhar on mastering the long game of investing

IN last episode of The One Percent Show, I spoke with Shyam Sekhar, head idea and founder of iThought Financial Consulting. Among many insights, Shyam talked about –

  • The role of the right mentors in life,
  • The importance of developing an investment philosophy a
  • Playing the long game in investing.

Taking lessons from the mentors, Shyam had this to say –

“I learned a lot of business only from business people. I didn’t learn it from investors, I learned it from traders. And that’s why I look at businesses from a business perspective and not from an investor perspective. And I will only wear the investor hat if I am convinced from a business point of view. There is another belief that you only learn from people who are successful. I have a very different view. Many people have not been as successful in life and they have taught me many things by opening up about their past experiences and honestly sharing their thought processes. But for them I would not understand the genesis of failure. It is very easy to look only at success, but you must first understand failure. “

Another insightful part of our conversation was when Shyam advised investors not to go by the outcome –

“Don’t be driven only by the result. I think a lot of people, especially in these three years that I see, are becoming more results driven and obsessed. If you want to do it for a long time, you will have different types of results and you have to choose bad results to enjoy great results. So if you just want great results, then you won’t be prepared to face bad results.”

Click here to listen to our full interview.

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My interview on Talking Billions

I recently spoke with Bogumil Baranowski, Founding Partner of Sicart Associates and author of “Becoming the Crowd – A Value Investor’s Guide to Starting, Building and Sustaining Family Fortunes” on his Talking Billions podcast.

We took some big questions about life, living with kindness, and being okay when things aren’t. We also discussed the concept of freedom, minimizing the cost of being wrong, and why we should treat our wealth like our children, who are our primary link between the present and the future.

I enjoyed talking with Bogumil. Click here to listen to our interview.

My conversation with Bogumil revolved around my book Sketchbook of wisdomwhich features 50 timeless ideas—from Lord Krishna to Charlie Munger, Socrates to Warren Buffett, Lao Tzu to Nassim Taleb, and Steve Jobs to Naval Ravikant—as they apply to our lives today.

If you don’t have a copy of the book, which has already sold over 5,500 copies worldwide, click here to get it now.

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Bharat Shah on successful investing

One of the best theories I’ve read about importance investing in high-quality businesses in the Indian context it comes from Bharat Shah of ASK Group who wrote a book (sadly not available in print) called “Creating Long Term Value and Wealth from Equity Investing”.

I recently came across an old interview of his where he shared his insights on value investing and how he shaped his investment process and principles. An excerpt from the interview reads as follows (emphasis mine) –

“…successful long-term investing requires two vital technical skills or craft and two personality traits. While craft can be honed and perfected through observation and absorption, character traits must come from within and be developed.

The two essential skills are: the ability to understand and understand the true character and guts of various businesses, as well as the ability to appreciate them. Until these skills are developed, one cannot become a good investor.

Two vital character traits are: discipline (or temperament) and wisdom. The discipline is to invest only in quality businesses and the temperament to not get carried away by the whims of the markets and only buy such quality businesses with a meaningful margin of safety.”

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The Inner Game Podcast

I recently published a series of short videos – called The Inner Game – to share my thoughts on investing, decision-making, learning and just the practice of living a 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.

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16 Timeless Rules of Investing by Walter Schloss

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Final thoughts

“Looking back now, it’s clear that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.” ~Peter Lynch

“We never sit down and run the numbers and discount them back to net present value. The decision should be clear.” ~Charlie Munger

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That’s about all from me for today.

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Thank you for your time.

Regards, Vishal


Sketchbook of Wisdom: Get your copy

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.

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