Few years back, while buying a book on Amazon, I ended up buying two more books along with the intended purchase. It was due to a feature of Amazon, which tells you what other buyers have bought along with the book you are trying to purchase. I never heard of these books earlier but …
“I hated discussing ideas with investors, because I then became a defender of the idea and that influences your thought process.” ~ Michael Burry (The Big Short) I’m sure this is one statement most of you will relate to. We often discuss stock ideas which, we understand, are contingent to future events but if we …
If you are sitting in a dark and unknown place for long time and someone switches on a light source, the initial feeling is of discomfort (especially for eyes). But once you get comfortable, you realize how different that place is from what you initially thought it to be. In my college days, I …
By the time you read this article, the world’s largest economy would have decided its President for the next 4 years. There is always an excitement in the markets worldwide when it comes to the US election and especially this time, given the state of the US and world economy. The parties have left …
Let me begin by thanking all the readers for their appreciation of the previous article on ‘availability bias’. And a special thanks to a particular reader, who indirectly gave me the idea about how I wanted to present this next nugget of wisdom by Munger. This goes on in form of a conversation over …
