MoneyTalkWithL
@LarissaFernand
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Insights on the intersection of Mind-Money-Emotion. Adrak Chai🫖 Check my Substack👇
Mumbai
Joined June 2009
20 Conversations on the behavioural traits & mindset of investors with @safalniveshak @NileshShah68 @iancassel @Sanjay__Bakshi @Anand_1969 @Iamsamirarora @RajeevThakkar @oraunak @VetriSmv @AswathDamodaran @MohnishPabrai @christine_benz @devinamehra @awealthofcs
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Being rich should never ever be about emulating someone else's lifestyle. It is the worst way to blow up money.
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So SEBI approves. Then SEBI disapproves.
ICICI has stopped fresh flows into its passive multi asset. This fund has a big chunk of Naren's money. A pity, given how much potential it has. Reason: Not fitting into any category. Concerning: Will be merged/wound up after 3 yrs! Redemptions allowed. Feeder fund route, just
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If you don't believe in yourself, don't expect others to.
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A lady in the lower income bracket told me how she & her husband struggled to get a tiny home in Mumbai. When the pandemic hit & there was barely any income, the fact that they had their own home (paid up) gave them so much peace.
“One must own a house. Use debt but do it.” People may not like this idea because it does not satisfy spreadsheet calculations. Btw spreadsheets do not have macros for “satisfaction”. What’s your view on this ?
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A lot, actually. I share my views here: https://t.co/90erARPxV3
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Volatility does not make the stock market risky. It is poor behaviour and bad decisions that do.
“Price fluctuations have only one significant meaning for the true investor. They provide an opportunity to buy wisely when prices fall and to sell wisely when they rise.” - Benjamin Graham
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10x more people will want to buy a stock after it doubles. 1/10 as many people will want to buy a stock after it gets cut in half. It's been this way forever. Some things never change.
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You can't win a game you resent playing. Accept. Embrace. Thrive.
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The new watch by Jacob & Co is a tribute to Anant Ambani & Vantara. Costs over â‚ą13 cr. The company is known for its unusual creativity.
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“Price fluctuations have only one significant meaning for the true investor. They provide an opportunity to buy wisely when prices fall and to sell wisely when they rise.” - Benjamin Graham
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🎯🎯🎯
Your wealth is simply a lagging indicator of your financial habits - be it spending or investing. Your health is simply a lagging indicator of your habits - be it what you consume or refuse to, and whether you stay fit or not. Think of what you want to be, and work backwards.
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When to sell is such a crucial decision. We don’t give it sufficient thought. Vishal made up his mind early on so it’s not easy to get swayed then.
Booked profits in most of my multibagger stocks once they delivered 5–10x returns, and yes, many of them are still mentioned in my profile highlights. Back then, the common reaction was: “Why are you selling? The future is bright. This will run forever.” People were extremely
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@invest_mutual Asset Allocation is a portfolio’s most powerful edge. You can participate in an asset’s upward climb and you are buffeted from the downside too. There’s a reason it’s such a time-tested investing principle.
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Was listening to Dr Arthur Brooks, author & social scientist, on whether money makes one happy. “Depends on WHY you earned it. If you earn simply to prove something to society, it won’t work. It will be a scoreboard.”
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Dear @ncbn @himantabiswa Glad to know that both of you had a lovely time in Zurich. We so very happily picked up the tab. - Indian Taxpayers
Met the Hon’ble Chief Minister of Assam, Mr. Himanta Biswa Sarma, in Zurich. He has made history by becoming the first Chief Minister from Assam to participate in the World Economic Forum Annual Meeting in Switzerland. I congratulate him and wish him success. @himantabiswa
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