Geopolitical uncertainty is unavoidable. Market volatility is inevitable. The role of the investor is not to predict how events will unfold, but to remain aligned with intent, process, and time despite not knowing. What separates outcomes is not events, but overreaction, weak structure, and emotional decision-making. Investors who succeed over long periods are not those who predict events correctly. They are those who accept uncertainty, build resilient portfolios, and remain

As a small-cap fund grows larger: Liquidity constraints increase Positions must be smaller Portfolios become more diversified Cash levels often rise Risk management starts taking priority over conviction. These are rational responses to scale, not mistakes. But they do change what the fund can realistically deliver.

However, once a stock is selected and capital is committed, the nature of the problem changes fundamentally. From that point on, the stock price is driven by forces far beyond any single model, forecast, or thesis. Once a stock enters your portfolio, certainty disappears. You never really know where the stock price will move next. From that point onward, the investor is no longer solving for an outcome, but estimating the distribution of possible outcomes. The realised stock

“Honesty is a very expensive gift; don’t expect it from cheap people.”

Engineers are trained to solve problems. Given enough data, enough logic, and enough effort, there is a right answer. Systems behave predictably. Inputs lead to outputs. Precision is rewarded. In engineering, this belief is not only useful but also essential. However, when engineers enter the stock market, this very strength often becomes a liability. This is what I call the engineer’s curse.

By conventional standards, I am probably boring. I speak very little. I don’t spin stories. I hardly mix in a crowd. I am an introvert......

Jeff Bezos once asked Warren Buffett a deceptively simple question. “Warren, your investment thesis is so simple. You’re one of the richest people in the world. Why doesn’t everyone just copy you?” Buffett smiled and replied: “Because nobody wants to get rich slowly.” That single line explains almost everything that goes wrong in investing.

I often write against trading. There is a reason for that. In the past few years, I have noticed a clear shift in the stock market. A large number of people have started trading actively. This includes people from all age groups — young investors, working professionals, and even retirees. What is more surprising is that many individuals from disciplined backgrounds, including defence officers, are also actively trading.

A brand can survive defects, but it cannot survive unhappy customers who feel ignored. A brand can survive technical issues, but it cannot survive credibility issues.

In July 2019, during a major dispute with fellow promoter Rahul Bhatia, Gangwal wrote to SEBI accusing IndiGo of serious governance lapses. He highlighted issues like: too much power concentrated in one promoter group, weak board oversight, questionable related-party transactions, and decisions are not being challenged internally. It was during this phase that he made his famous remark: “Even a paan ki dukaan follows some governance.”

Why So Many Intelligent People Fell for the Illusion Because the dream was packaged beautifully, hope was sold convincingly, and people naturally slipped into greed. As it often happens, when greed creeps in, common sense disappears...

These disruptions weren’t caused by weather or technical failures. They were triggered by DGCA’s new Flight Duty Time Limit (FDTL) rules. These are safety norms that cap how long pilots can fly without adequate rest. These rules exist so that no pilot flies while mentally or physically fatigued, a basic requirement in global aviation. But when the rules kicked in fully, a large part of IndiGo’s crew hit their legal flying limits simultaneously, resulting in an operational col

Life can change in a moment. Last year, a close friend faced something no family is ever prepared for: the sudden loss of his younger brother, just 50 years old. His wife, only 45, was left completely alone. She had never worked, had no source of income, and had no financial support system. The only asset she had was ₹50 lakh, received after selling a piece of ancestral property.

Because what I see today is troubling: Heavy, unexplained charges Add-on charges that appear out of nowhere Unnecessary tests “just to be safe” Delayed discharges to extend billing And in extreme cases, faking ongoing treatment to inflate the bill One friend recently shared a heartbreaking story: His father passed away in the ICU, but the hospital pretended to continue treatment for another day before declaring him dead. Nothing can justify this level of g

Warren Buffett’s final letter reminds us that investing is not just about capital; it is about character. Markets will move, cycles will change, and numbers will rise and fall, but the qualities that truly compound over a lifetime are kindness, humility, patience, gratitude, and discipline. His message goes far beyond portfolios. It is a guide to how we should think, behave, and live. And as Buffett has often said, the real measure of a life is not wealth, but how you are r

AI is real. The progress is undeniable. We’re living through one of those rare moments in history when a new technology promises to change everything, just like electricity did in the 1900s and the internet in 1999. But just like every major revolution, the early phase is always filled with noise, hype, and wild bets. 

Berkshire Hathaway now holds nearly $340–350 billion in cash. This is the largest in its history. At first glance, it sounds shocking. Why would the world’s most successful investor keep so much idle cash when markets are near record highs?

The short video reels we scroll through on social platforms are designed with precision; fast-paced, ever-changing, and endless. This constant novelty keeps us hooked, training our brains to crave the next quick hit of stimulation. But here’s the warning: many scientific studies show that such instant stimulation is harmful. It subtly reshapes how we think, behave, focus, and make decisions. Over time, this rewiring weakens our ability to sustain attention, delay gratificatio

There’s a sudden IPO mad rush on Dalal Street. I know many friends who subscribe to every IPO, hoping for quick listing gains. This is not investing. This is gambling. Every few years, India witnesses an IPO frenzy, and 2025 is no different. This year, it’s more than a boom. It’s a full-blown IPO frenzy: 86 IPOs ₹1.7 lakh crore raised 70× average oversubscription 2+ crore retail applications

Vijayadashami celebrates the victory of good over evil. In investing, too, the greatest enemy is not the market, but the biases and behaviors within us. True wealth is created when we conquer these inner evils with patience, discipline, and wisdom.