Mango Pint 🇮🇳

Investing Since Feb 2002. Full-Time Investor Since Aug 2007.
ZERO Income from: Fees / Salary / Commission. Skin, Body & Soul in the Game.
More: Pinned Tweet👇

[Mango Pint 🇮🇳 @ValueNiveshak]

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 1😀

https://t.co/yI4fQktrIE

[Mango Pint 🇮🇳 @ValueNiveshak]

Disclosure cum Disclaimer 😀
Thanks.

[Mango Pint 🇮🇳 @ValueNiveshak]

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

[Mango Pint 🇮🇳 @ValueNiveshak]

"There’s 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 😜
#MarketHumour
https://t.co/1Ey7A2qMHl

[Mango Pint 🇮🇳 @ValueNiveshak]

Kindle version is out and a portable hardcover is releasing in January! https://t.co/R2arq5eQni
#PoorCharliesAlmanack #charliemunger
https://t.co/RdYXeQ5Ic8

[Mango Pint 🇮🇳 @ValueNiveshak]

Why can't d publishers launch a portable paperback version of Poor Charlie's Almanack?... I could then carry it everywhere with me! Bummer!

[Mango Pint 🇮🇳 @ValueNiveshak]

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 🙏

[Mango Pint 🇮🇳 @ValueNiveshak]

That day when a turkey realises that everything it has learned & believed in life is wrong. #Thanksgiving #TalebsTurkey
(Picture: The Black Swan, NNT).

[Mango Pint 🇮🇳 @ValueNiveshak]

Wow!
#MahatmaGandhi #Wisdom

[Mango Pint 🇮🇳 @ValueNiveshak]

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

[Uday Kotak @udaykotak]

My letter is attached

[Mango Pint 🇮🇳 @ValueNiveshak]

Reading this past week about how Fin-Pimps managed to swindle so many nicompoops reminded me of this quote👇🏽
https://t.co/GVvLJwuOAm

[Mango Pint 🇮🇳 @ValueNiveshak]

"A fool and his money are soon invited everywhere!"
- a frame in Warren Buffett's office.

[Mango Pint 🇮🇳 @ValueNiveshak]

Probably drafted by a management trainee who took his classes in 'perspective management' a trifle too seriously.
Disclosure: None

[Mango Pint 🇮🇳 @ValueNiveshak]

For the man of experience and study, it is "irrational" to ignore his gut instinct.

[Mango Pint 🇮🇳 @ValueNiveshak]

Finished reading Pulak Prasad’s book. Highly recommend the book; even though, on occasions, I found the parallels a bit contrived. The examples from the natural world are fascinating.

[Mango Pint 🇮🇳 @ValueNiveshak]

From a fantastic book that I just finished reading, The Creative Act: A Way of Being by Rick Rubin.

[Mango Pint 🇮🇳 @ValueNiveshak]

Learnings from seniors & wise men r the 'building blocks', not the 'building'. The building has to be built by u, to your own specifications

[Mango Pint 🇮🇳 @ValueNiveshak]

R.I.P. William O’Neil 🙏
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.

[Mango Pint 🇮🇳 @ValueNiveshak]

Here’s 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

[Mango Pint 🇮🇳 @ValueNiveshak]

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:

[Mango Pint 🇮🇳 @ValueNiveshak]

Watching Terry Smith’s annual shareholder meetings’ videos has been a great learning experience. Remarkable insights.
@FundsmithLLP

https://t.co/3KSvwmNvmO

[Mango Pint 🇮🇳 @ValueNiveshak]

An investor without "sell rules" and the discipline to stick to them is like a one-legged man in an ass kicking contest.
https://t.co/DH9IA48cmx

[Mango Pint 🇮🇳 @ValueNiveshak]

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.

[Mango Pint 🇮🇳 @ValueNiveshak]

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 learner😜
#markethumour

[Mango Pint 🇮🇳 @ValueNiveshak]

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."😆

[Mango Pint 🇮🇳 @ValueNiveshak]

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

[Mango Pint 🇮🇳 @ValueNiveshak]

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."