Investing Since Feb 2002. Full-Time Investor Since Aug 2007.
ZERO Income from: Fees / Salary / Commission. Skin, Body & Soul in the Game.
More: Pinned Tweet๐
Happy to have completed today 15 years as a full-time investor cum speculator.
15 years of ZERO income from fees / salary / commission / teaching.
Tap dancing to work (world's best profession) everyday.
However, as @JeffBezos says, it's still Day 1๐
https://t.co/yI4fQktrIE
If @RBI can direct Banks / NBFCs to desist from onboarding new clients online because of deficiencies in their digital infrastructure, why can't @SEBI_India direct stock brokers, who experience repeated glitches, to stop onboarding new clients?
@NSEIndia@BSEIndia
"Thereโs a quick and easy way to test whether an activity involves skill: ask whether you can lose on purpose." - Michael Mauboussin
I now doubt whether I have even the skills to lose money is this market ๐
#MarketHumour
https://t.co/1Ey7A2qMHl
Kindle version is out and a portable hardcover is releasing in January! https://t.co/R2arq5eQni
#PoorCharliesAlmanack#charliemunger
https://t.co/RdYXeQ5Ic8
Without Charlie's wisdom, mental models and "don't give a damn attitude" I would've been a horse's patoot! Incredible how much a person you've never met can influence your life. Investing community will forever miss ypur witty takes on the follies of our times
R.I.P., Charlie ๐
That day when a turkey realises that everything it has learned & believed in life is wrong. #Thanksgiving#TalebsTurkey
(Picture: The Black Swan, NNT).
Beats me why RBI wanted a competent, skin-in-the-game owner-operator to step down simply because of his tenure at the institution he founded!
Will the Fed ask Jamie Dimon to step down only because of his age / tenure?
https://t.co/MLCx3XZHGT
Disclosure: None
Finished reading Pulak Prasadโs book. Highly recommend the book; even though, on occasions, I found the parallels a bit contrived. The examples from the natural world are fascinating.
R.I.P. William OโNeil ๐
Was lucky to have read your book, How to Make Money in Stocks, in the early years of my stock market journey. One of the few books that provide an actionable method. Thanks for everything.
Hereโs what Warren Buffett wrote in his 2009 letter on how to deal with CEOs and Board of Directors of financial companies that mess up.
FYI: @SEBI_India@RBI@FinMinIndia@nsitharaman
Terry Smith, at the end of a long discussion on companies that adjust their earnings for share-based compensation expense, in his latest annual letter to shareholders:
Watching Terry Smithโs annual shareholder meetingsโ videos has been a great learning experience. Remarkable insights.
@FundsmithLLP
https://t.co/3KSvwmNvmO
I may analyse and buy with a 5-10 year mindset. But when any of my sell criteria is met, I sell. Simple. I have no desire to boast to anyone that I've been holding the stock for past 10 years. I am in the markets to make money, not gather applause or retweets.
Hey, Mr. Market,
Every time, over the years, you handed down losses / measly profits, I learnt some valuable lessons. So, thanks and wish you a #HappyTeachersDay
.
P.S. I have no desire to be a life-long learner๐
#markethumour
Warren Buffett, in his 1985 annual letter to shareowners, describes the typical playbook of #RelianceIndustries type managements. He writes, "When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement."๐
Consolidated RoCE delivered by "great" and "visionary" management over the past 11 years (source: https://t.co/uohrzYvbCo).
Can't fathom the hullabaloo over #RelianceAGM.
Wonder if the RoCE even covers their WACC?
Disclosure: None
Warren Buffett wrote in his 1979 annual letter to shareowners, "The primary test of managerial economic performance is the achievement of a high earnings rate on equity capital employed."