Join 23,000 Smart InvestorsJoin Me

Mental Models, Investing, and You (Special E-Book)

The world around us is changing pretty fast. Modern computers are becoming cheaper, faster and more intelligent than ever, which means they are ready to replace a large part of human workforce.

The day is not far when your work and skills will be threatened by artificial intelligence. To stay relevant, you need to ensure that you remain valuable to the society in a way which can’t be substituted by a robot.

And your only chance to remain valuable is by being a constant learner…a learning machine, as Charlie Munger says. In fact, he has been saying this for years –

I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.

The question is where do you begin? There is so much to learn all around, and so little time.

[Continue Reading…]

Avoid Newspapers, Read Safal Niveshak’s Stream

“I do not take a single newspaper, nor read one a month, and I feel myself infinitely happier for it. The man who reads nothing at all is better informed than the man who reads nothing but newspapers.” ~ Thomas Jefferson

Long time readers of Safal Niveshak and attendees to my investing workshops know my dislike for reading newspapers. The dislike is so deep that I’ve not had a newspaper subscription at my home for the past six years now, and neither do I consume news via electronic media (till something really important comes to me). This also holds true of business television which I watch very occasionally and only when I want to get a hearty laugh and there’s nothing else that’s as funny on television at that time.

Now, one big reason I do not read newspapers is because I have a big problem with the fact that they decide for us what we should pay attention to and what we should ignore. It isn’t just the text of a news story that can mislead us; it’s also the choice of which stories get covered at all, and where they’re placed in the paper.

[Continue Reading…]

Latticework of Mental Models: Scarcity Bias

Image Source - Influence: Psychology Of Persuasion

In 1999, on being introduced to the Internet for the very first time, do you know what I did? Like many others, I created a dozen new email accounts. But once I realised the futility of having so many email addresses I discarded almost all of them and stuck to my Yahoo mail. It stayed […]

[Continue Reading...]

Investing and the Paradox of Perfection

A lot of people I meet in the startup world and in investing are aiming for that perfect start when all their stars will align to take them off to the moon. So, some keep waiting for their “best product” or “best design” before starting up their businesses, and others wait for the “perfect business […]

[Continue Reading...]

Latticework of Mental Models: Hawthorne Effect

Observer Effect

The Hawthorne plant of the Western Electric Company in Cicero, Illinois, figured out, albeit accidentally that increasing lighting in the plant made workers more productive. Then someone pointed out a confusing detail. Productivity also improved when they dimmed the lighting. In fact, making any change at all seemed to result in increased productivity. That was […]

[Continue Reading...]

An Advice to CEOs: Plain English, Please

In August 1998, the US stock market regulator, Securities and Exchange Commission (SEC) released a book called A Plain English Handbook. You may wonder, “What business does a stock market regulator has to focus on plain English?” The SEC released this handbook to show corporate managers, especially CEOs, how they could use well-established techniques for […]

[Continue Reading...]

Investing and Fear of Missing Out

We conducted our Value Investing Workshop in Ahmedabad yesterday, and here are the tribe members… Let’s get to today’s post… “You know I saved 50 rupees today,” declares the husband to his wife as he enters the house in the evening. “And how did you do that?” the surprised wife asks. “I missed the bus […]

[Continue Reading...]

The Wisdom of Intelligent Investors (Special E-Book)


If the history of stock market is anything to go by, investors often make decisions that can undermine their ability to build long-term wealth. As such, it is often very valuable to look back in history and study closely the principles that have guided the investment decisions of some of the best minds and practitioners […]

[Continue Reading...]