In the film The Matrix, Morpheus asks Neo after he unplugs Neo from the Matrix,
What is real? How do you define Real?
I think in the age of never ending stimuli that’s perhaps the most relevant question we can ask ourselves. There is an often misrepresented quote –
Ignorance is bliss.
I believe that no one, no matter how well informed, has a monopoly on narratives and that is reasonable for sensible, well informed people to disagree about the value of a company.
– Narrative & Numbers by Prof. Aswath Damodaran
Our ability to think about something is based on thoughts, which can be either visual or verbal. In his book, Prof. Damodaran tries to capture the process of looking at narratives & numbers like a Right Brain / Left Brain approach to understand valuation. Continue reading
The longer version of this post’s title was supposed to be:
Where to keep my smartphone while researching companies – How I learned to stop worrying about my notifications & love my work.
Well, it was never meant to be perfect.
Now that I’ve lost your attention, let me bring it back to something much more important.
I’ve always wondered why people used the phrase ‘pay attention’. Why ‘pay’? Why not just ‘give’ attention. Certainly it conveys the same intent. I think it makes a lot of sense when we think of it as a metaphor. We are in a sense, literally paying with our mind’s cognitive capacity to focus on something when we are paying attention. Continue reading
Risk aversion is what keeps the market honest & sane
– Howard Marks.
Is there something like ‘too much trust’? Can there be a situation where we so blindly accept our fate in the future that we forget that there ever was something like uncertainty? Continue reading
On the January 28th, 2017, I was given the rare privilege of addressing a room full of serious investors from the Tamil Nadu Investors Association (TIA). An organisation that has been dedicated in educating investors for the past 26 years. I spoke at the Bullet Proof Investing Seminar.
I spoke on the topic of building conviction in investing. Instead of a blog post on it, here’s my entire slide deck with heavily summarised notes.
Slides – How to Build Conviction
The entire event was very well organised & I urge you to consider making a trip to Tamil Nadu every year, to attend it. Here’s a list of the other talks delivered at the seminar.