Archives for June 2021

Ben Graham: Just Plain Lucky?

The Sketchbook of Wisdom: The second print of my book – The Sketchbook of Wisdom – is now available. Click here to reserve your copy. Send me an email at vishal@safalniveshak.com if you wish to place bulk orders.

* * *
Remember Ben Graham, the guy who wrote The Intelligent Investor? And who taught Warren Buffett to become Warren Buffett?

Well, if you really know who Graham was, you also know that he is associated with buying something cheap (one dollar worth at fifty cents) and then selling it when it reaches a value that reflects what it’s worth.

A very copybook, calculated approach, right? Like what a Rahul Dravid would do in cricket.

The One Percent Show: Episode 1 – Manish Chokhani

Welcome to the first episode of The One Percent Show with Vishal Khandelwal.

Also listen on YouTube | Spotify | Google Podcasts | Apple Podcasts | Amazon

* * *

Also Read:

Books Recommended by Manish: Talks on the Gita (Vinoba Bhave), The Sketchbook of Wisdom
The Story Behind “One Percent”

* * *

Please share with others on WhatsApp, Twitter, LinkedIn, or just email them the link to this post.

Stay safe.

With respect,
— Vishal

Is Day Trading a Good Idea?

The Sketchbook of Wisdom: The first print of my book – The Sketchbook of Wisdom – got sold out in a matter of 3 months. Now, the second print is reaching me soon. Click here to reserve your copy. I will start shipping next week. Send me an email at vishal@safalniveshak.com if you wish to place bulk orders.

* * *
One of the questions I get a lot, and especially in times like these, is, “How do I learn day trading in stocks?”

I ask, “Why do you want to day trade?”

The answer often is, “To make money, obviously.”

I ask, “Why do you think you can make money day trading?”

There is generally a pause, and then this reply, “I see so many people making money day trading.”

Well, the answer to the question “Can I make money day trading?” is “Of course, you can.*”

But like you read those product advertisements with an asterisk and a small text saying “* Conditions apply,” this also applies to day trading in stocks.

A Simple Online Stock Portfolio Tracker

* * *
In my past communications, I have written about the idea of avoiding online portfolio trackers, given the amount of irrelevant information that you get to see when you log into such trackers, and the unwanted action such noise may lead you to.

As an alternative, I have advised maintaining simple excel based trackers. Since you must enter data manually here, that may keep you away from tinkering much with it.

Welcome to The Money School: Teaching Kids About Money – Part 1

Given how important financial skills are to navigating life, it is surprising that our schools do not teach children about money.

How many of us look back at our childhood and wish we would have been taught more about money? A lot of people graduate from college without any idea how to manage their money or balance their bank account. Maybe you were one of them.

Now that you have learned more about managing your money well, I am sure you want to help your kids not make the same mistakes. But then, even when many parents know it is important to teach their children about money matters at a young age, most do not know where to start or how to go about it.

I have been through this situation wherein, despite knowing what to teach my kids about money, I lacked the structure and skills to teach them in the way they would learn best, that is, through a medium they would like.

From Hubris to Humility

Here is my latest podcast on why it is important for you to beware of hubris, whether in investing or life, so that you can keep yourself from risking too much in a view of the future that may turn out to be wrong. Let me know how you find it, and your feedback and suggestions to improve the same.

Audio

Listen on Apple Podcasts | Google Podcasts | Spotify | Stitcher

[Read more…]