Anil daga

[Subham. @subhsays]

Remember the VIRAL Sadhu who stood in front of Water Cannon during Nabanna Abhiyan 2024?

CM Suvendu Adhikari during an event today saw him.

Then he went ahead and hugged him.

Later told his cabinet colleagues to take care of his health.

Suvendu Adhikari doesn't forget 🧡

[Investment Wisdom @InvestingCanons]

Charlie Munger’s 3 rules for a successful career:

[Percy @percyishim]

Billionaire, Tony Robbins explains why most people never build real wealth even when they live in a system full of opportunity.

“So IPhone has ran for 18 - 19 years. If you got an iPhone each time, you spend $22,000 and some change at retail price”

“But if you bought Apple stock, same amount of money on the stock you’d be up $326,000 instead of being out $22,000”

“If you’re going to use an Apple phone then at least own the company”

“What are they making a mistake of? They’re consumers not owners. We’re a consuming society and we train our kids to be consumers as well”

[David Senra @FoundersPodcast]

Michael Jordan on commitment:

[Ronit Pereira @CAronitpereira]

Warren Buffett:

“Charlie and I don't like difficult problems. If something is hard to figure, we'd rather multiply by 3 than by pi.” 😂

Charlie Munger:

“The other day I was dealing with a problem and it had 3 things which I feared, an architect, a contractor and a hill.“ 😂

[Manish Bhandari @TweetManishbh]

Sometime in 2001–02, as a 24-year-old research analyst, I took one of the most daunting plunges of my early career.

I walked into Ramon House to present a stock idea to the legendary Sanjoy Bhattacharyya, then CIO of HDFC Mutual Fund.

The stock was a recently listed media company — a market darling of that era. I carried the confidence, perhaps overconfidence, of youth. A close friend had warned me not to attempt the pitch. But I was excited to have earned the opportunity to present before one of India’s finest investment minds.

Sanjoy listened patiently for nearly 20–25 minutes. Then, in less than 25 seconds, he dismantled my entire thesis. It was blunt. It was unfiltered. And it was unforgettable. There are moments in life that do not merely teach you; they take your breath away. For many of us who lived through the first decade of the 2000s as sell-side analysts, such encounters were our real classrooms. That meeting was not just a lesson in stock picking. It was a trial by fire. It permanently raised my standard for research, sharpened my respect for intellectual honesty, and shaped the very DNA of my journey as an investor. As my career progressed, our interactions became limited. But the impact of that one meeting stayed with me for 25 years.

Recently, in Kolkata, I had the profound honour of reuniting with him — this time to moderate the CFA Society India session, Winning Investment Habits | 5th Masters At Work.
In this conversation, we moved away from the noise of markets and the false comfort of 60-page Excel models. We discussed the timeless principles of investing in an age of disruption: the role of luck, the importance of temperament, the limits of technique, and why parts of the AI investment frenzy may eventually meet their nemesis.

Three ideas from the discussion stayed with me deeply:

1. Risk is ignorance: True risk is not merely volatility. It is not understanding what you own. You do not need to be an expert in every sector. But the businesses you choose to own, you must understand exceptionally well.

2. Know thyself: Too many investors try to become the next Warren Buffett. The more important challenge is to understand who you are — your temperament, your biases, your time horizon — and then build an investment framework that is honest to your own nature.

3. The ultimate scorecard: Investing driven purely by greed rarely ends well. Money is only a way of keeping score. The deeper joy of investing lies in continuous learning, intellectual humility, and becoming a better version of oneself.

I invite you to watch the full conversation here:

Instagram link: https://t.co/U3Sf1nqkhm

Youtube link: https://t.co/8c3C1rv7tD

I hope it adds as much value to your investment journey as Sanjoy has added to mine.

[Kevin Carpenter @kejca]

Charlie Munger on the secrets of his success.

"It's all old-fashioned virtue. We tend to get the day's work done and be as rational as we can in coping with whatever we have to cope with. That will always work for people who get good at it."

[Ronit Pereira @CAronitpereira]

“I always say this, when I die they’ll ask, How much did Charlie leave? And the answer will be: I believe he left it all.”

“If you’re piling up the money it’s not such a big deal when you have to part with it in the end.”

- Charlie Munger.

[Voice Of BD Hindus 🇧🇩 @BDHindus71]

🚨 Hindu students of Dhaka University are currently holding a strong protest at Shahbagh against the desecration of images of Lord Ram by placing shoes on them and the govt's ban on the construction of a Ram Murti.

They are raising one powerful Question in Slogan : “Why is the Government of India silent❓

@AmitShah @narendramodi @myogiadityanath @MeA

[Jaynit @jaynitx]

In 1955, Charlie Munger was 31 years old, divorced, broke, and burying his 9-year-old son.

His son Teddy had died of leukemia. There was no health insurance for childhood cancer in those days.

Munger spent the next 70 years rebuilding.

The collapse had started 2 years earlier. Munger was a junior lawyer in Pasadena making $3,300 a year, about $35,000 in today's money. His marriage of 8 years ended in 1953. His ex-wife kept the house. He moved into a dreary room at a club for single men in town and drove a beat-up yellow Pontiac with paint peeling off the doors. He was paying child support on 3 small children with almost nothing left over.

A year later, Teddy was diagnosed with leukemia. The disease was a death sentence in 1954. There was no treatment. The fatality rate, as Munger would say later, was 100%.

He spent the next year paying medical bills out of pocket and watching his son die. Munger's friend Rick Guerin recalled what it looked like. Munger would go to the hospital, hold Teddy in his arms, then walk the streets of Pasadena alone, crying.

Teddy died in 1955.

Munger was 31. He had 2 surviving children, no money, no wife, and a job he didn't particularly like. He could have collapsed. Almost anyone would have.

He didn't.

He kept working at the law firm. He started a real estate side business with friends. He read constantly, in every subject he could find. By the late 1950s, the real estate work was making him real money. In 1959 he met a young investor in Omaha named Warren Buffett at a dinner party, and they recognized each other immediately. By 1962 he had co-founded a law firm called Munger, Tolles & Olson and started an investment partnership called Wheeler, Munger & Co. that ran for the next 13 years and compounded at over 24% a year.

He married Nancy Barry Borthwick in 1956, a year after Teddy died. They were together until her death in 2010, raised 6 children between them, and stayed married for 54 years.

By his death in November 2023, at age 99, Munger was worth over $2 billion, had sat on Berkshire Hathaway's board for 45 years, and was considered one of the most original thinkers in modern investing. He had been called the wise old man of American business so long that most people who quoted him had no memory of him being anything else.

This story usually gets told as proof that Munger was unusually tough. He wasn't. He cried for years over Teddy's death. He talked about it for the rest of his life as the thing that almost broke him.

What he had was a different gift. He noticed, while the tragedy was happening, that grief and self-pity could compound just like wealth could. He decided, on purpose, that he wasn't going to let them.

He said it himself later.

"You should never, when facing some unbelievable tragedy, let one tragedy increase to two or three through your own failure of will."

[Mahesh 🇮🇳 @invest_mutual]

Super stuff. Do listen to him.
The points he makes are 👌👌👌

[Ronit Pereira @CAronitpereira]

“In 47 years, Sensex has gone from Rs.100 to Rs. 1,20,000 if you add the dividends.”

“For past 2 years returns have been flat, so equities are not supposed to deliver every year. In India, Equity returns can be postponed but cannot be killed.”

- Prashant Jain

[The Analyzer (News Updates🗞️) @Indian_Analyzer]

A Hindu man was LYNCHED to death in Vikas Nagar. Police was allegedly threatening Victim's family😳

BJP MLA Munna Singh Chauhan bashed them:
🗣️ “I will ensure none of you gets PROMOTED in your life. Your thanedari will end here.
— Who are you to ignore calls from locals? Private no. are ringing, but Govt phones go unanswered.

This will not work. Change your working style."💥

Additionally, within 24 hours Dhami Govt DEMOLISHED the houses of all accused. No notices, instant action.

CM has ordered through probe in that area. Message sent in the entire state🔥👏🏻

[Investment Wisdom @InvestingCanons]

Warren Buffett:

“I’ve never believed much in this theory of…I’ll take this job I don’t like now and I’ll get one I like later on. There aren’t that many years around, so you better be doing what you like at the present time.”

[Radosław Poszwiński @bogdan607]

Elon Musk o tym, dlaczego spał na podłodze fabryki Tesli przez 3 lata .
W Polsce tego nie rozumieją

„Mieszkałem w fabryce w Fremont i tej w Nevadzie przez trzy lata z rzędu. To było moje główne miejsce zamieszkania. Nie żartuję. Serio. Spałem na kanapie, a w pewnym momencie w namiocie na dachu, ale przez jakiś czas po prostu spałem pod moim biurkiem, które stało na widoku w fabryce.” Jak wyjaśnia Elon, zrobił to z ważnego powodu: „Spałem na podłodze pod biurkiem, żeby podczas zmiany zmian cały zespół mógł mnie zobaczyć. To ważne, bo jeśli zespół myśli, że ich lider gdzieś się bawi, popija Mai Tai na tropikalnej wyspie [to deprymujące]... Ponieważ zespół mógł mnie widzieć śpiącego na podłodze podczas zmiany zmian, wiedzieli, że jestem tam. To zrobiło ogromną różnicę, i dali z siebie wszystko.” Ta zasada, że liderzy muszą być widoczni, to coś, co Elon podkreślił w notatce do pracowników Tesli kończącej pracę zdalną i wymagającej minimum 40 godzin tygodniowo osobiście: „Im wyższe stanowisko zajmujesz, tym bardziej widoczna musi być twoja obecność. Dlatego tyle mieszkałem w fabryce – żeby ci na linii produkcyjnej mogli widzieć, jak pracuję u ich boku. Gdybym tego nie zrobił, Tesla dawno by zbankrutowała.”

[Investment Wisdom @InvestingCanons]

Charlie Munger: “You become what you pretend to be, to some considerable extent.”

“I've known a lot of roguish people who made a fair amount of money and they start giving a little money to show off. And, 20 years later, they are actually real philanthropists.”

[Ronit Pereira @CAronitpereira]

Charlie Munger made $500 Million by reading Barron’s Magazine for 50 years.

Here’s the story:

“I’ve read Barron’s for 50 years and in 50 years, I found only one investment opportunity in Barron’s. Out of which I made $80 Million, with almost no risk.”

“It was a Monroe shock absorbers company, trading at $1 and I sold it at $15 but it eventually went to $40. It was a pure cigar butt company.”

“The Barron’s said it was cheap stock and so I bought it.”

“I gave that $80 Million to Li Lu who turned it to $400-500 Million. So I made that money by reading Barron’s for 50 years and following one idea.”

“Now that doesn’t help you very much, does it? I’m sorry but that’s the way it really happened.” 😂

- Charlie Munger. Daily Journal meeting 2017

[Anil daga @Anildaga7]

@ishmohit1 Garware tech