You may avoid reading this post if you have made up your mind that you don’t want to join my one-year course in Value Investing, The Safal Niveshak Mastermind…or if you have already subscribed to the Course.
But if you are confused whether to go for Mastermind or not, I would try to help you make the decision before I close the course to new admissions 2 days from now, i.e., on 25th August 2013.
So, to answer your question – “Should I subscribe to Mastermind?” – let me first invert and tell you five reasons you must NOT subscribe to Mastermind…and then five reasons you must subscribe.
5 Reasons to NOT Subscribe to Mastermind
- If you believe you have already learned all that I am going to cover in the Course (see Page 2 of Course Brochure), and that you need no further guidance, you should not subscribe to Mastermind.
- If you have always done better studying yourself from books than doing specialized courses (and I have already suggested you a lot of books to learn how to become a better investor), you should not subscribe to Mastermind.
- If you have been a well-behaved investor in the past, and need no understanding on how to get over the biases that impact you in your investment decision making, you should not subscribe to Mastermind.
- If you see this Course as a “magic pill” to automatically help you become a more sensible, level-headed and successful investor, please don’t subscribe. The lessons I am going to share over the next one year won’t magically jump out and start implementing themselves. You need to put the work in.
- If you think you can continue to invest in stocks without learning how to pick the right businesses, and that all these teachings will be in vain, you should not subscribe to Mastermind.
5 Reasons to Subscribe to Mastermind
- If you want to learn all that I have mentioned in the Course contents as mentioned in the Brochure, you must subscribe to Mastermind.
- If you want to learn a systematic process to minimize investment mistakes by conducting the right behaviour and picking up the right stocks, you must subscribe to Mastermind.
- If you want to test your investment learning at each stage by participating in exercises, quizzes and discussions with fellow investors, you must subscribe to Mastermind.
- If you want to receive the learnings from hundreds of amazing books written by or on the investing styles of Warren Buffett, Howard Marks, and Charlie Munger’s mental models but don’t have the time to do it on your own, you must subscribe to Mastermind.
- If you have misbehaved as an investor in the past and now need a systematic way to remove as many biases as possible while making your investment decisions, and also to “think clearly”, you must subscribe to Mastermind.
Now, if this clears your mind and you wish to subscribe to The Safal Niveshak Mastermind…
(New admissions close in 2 days…on 25th August 2013)
What is Mastermind all about?
Someone asked Buffett, “If you were to teach an investment course, besides works by Ben Graham and Phil Fisher and your letters, what would be on the syllabus?” He answered…
An education in investing requires only two courses – How to Value a Business, and How to Think About Markets.
You don’t have to know how to value all businesses. Start with a small circle of competence, things you can understand. Look for things that are selling for less than they’re worth. Forget about things you can’t understand.
You need to understand accounting, which has enormous limitations. You need to understand when a competitive advantage is durable or fleeting. Learn that the market is there to serve you, not instruct you.
In the investing business, if you have an IQ of 150, sell 30 points to someone else. You do not need to be a genius.
You need to have emotional stability, inner peace and be able to think for yourself, since you’re subjected to all sorts of stimuli.
It’s not a complicated game; you don’t need to understand math. It’s simple, but not easy.
Based on what Buffett suggests and based on my understating of how investing really works, the lessons you will receive through the Mastermind Course will revolve around answering these 15 questions …
- How to think about markets
- How to think clearly as an investor
- How to create the right behavioural framework
- How to create a latticework of mental models
- How to create and expand circle of competence
- How to read financial statements
- How to identify financial shenanigans
- How to assess a company’s management
- How to identify durable moats
- How to value a business
- How to create an investing checklist
- How to create a portfolio of quality businesses
- How to deal with risk and uncertainty
- How to create a solid investment philosophy
- How to avoid the big investing mistakes
I will cover all these lessons in a jargon-free, non-geeky way so that you find it simple to understand and implement them in your investing life.
Want to Subscribe to Mastermind?
Now, if you desire to subscribe to The Safal Niveshak Mastermind…
(New admissions close in 2 days…on 25th August 2013)
Here is something Napoleon Hill wrote in his amazing book “Think and Grow Rich” – “Desire is the starting point of all achievement, not a hope, not a wish, but a keen pulsating desire which transcends everything.”
I wish you that pulsating desire to change your investing life through The Safal Niveshak Mastermind, and even after that.
sudhir says
And no promise of making quick money and never going wrong, is what I would add.
Even a medical student who spends years studying and doing practicals needs further years of practice to be able to start treating patients all my himself/herself.
So to me this course would be a structured way of learning basics and then after it a starting point on this journey of “investing”.
Vishal Khandelwal says
Thanks Sudhir! That’s one of the most relevant points. 🙂 Regards.