I am not yet convinced if Elon Musk is a crazy person or an amazing genius - in terms of his dreams and big bets. But this eccentric capital allocation approach suggests that he is a genius. He has grown that $180m to $167 Billion in less than 15-20 years! Yes, it's billion with a... Continue Reading →
I have written multiple times about Charlie Munger - partner of Warren Buffett and one of the few living people who are my idols! Charlie is a living legend and today he completes another year - his 96th birthday! Charlie was born on 1st January 1924 and still continues to be very active and sharp!... Continue Reading →
I have written multiple times the importance of developing insights and understanding, looking beyond just data points. I feel, in today’s era of WhatsApp University graduates, people tend to theow data points at you and spread propaganda and fake news. No one bothers to go deep and question the data or be more skeptical of... Continue Reading →
Magic of Compounding: In 1626, Peter Minuit of Netherlands bought the island of Manhattan from the Lenape people for a basket of clothes, beads and other stuff that would have been worth just $24 then. Now, you might think that the native Americans were robbed. Actually, if they were able to invest that $24 in... Continue Reading →
I stumbled upon this long interview (2 hrs 25 mins) of Anthony Deden who is Chairman of Edelweiss Holdings! He is amazingly articulate and his clarity of thought (in his domain) reminded me of Charlie Munger! Watch this interview at leisure and with full attention...and let it sink in...slowly. https://www.youtube.com/watch?v=a4_U6bS-cU4
Last week (on 9th Aug) IKEA opened the first store in India in the southern city of Hyderabad and it was an instant rage. IKEA mania led to stampede and more than 40,000 people visited the store on first day! They did a sales of Rs 2.4 Crore ($350K) including Rs 11,00,000 from food sold... Continue Reading →
Apple recently touched market capitalization of $1 trillion! Here are some interesting facts: Apple IPO valuation (Dec 12, 1980): $1.2 billion Apple valuation on 2nd Aug 2018: $1 trillion Stock return since IPO: 50,000% Apple va Nokia rivalry: Valuations today: Apple: $1 trillion Nokia: $30 billion Valuations when iPhone was released in 2007: Nokia: $110... Continue Reading →
Useful Pyramid for investment decisions/ personal finance
This is far from the complete compilation of the funniest and wittiest moments of Warren Buffett and Charlie Munger - not even 1% of what the duo have given over their combined life of 182 years! But it is a good place to begin exploring... https://www.youtube.com/watch?v=-LJq4y-xS1I https://www.youtube.com/watch?v=vDTOFaowXAw
Berkshire Hathaway AGMs from 1994 to 2018
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