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Learnings : Abhishek Basumallick Webinar on Investing

Some learnings from a recent webinar by Abhishek Basumallick on IndianInvestingConclave.com

1. Who are we as people/investors ? A sum total of our past experiences
2. Once we start giving, we tend to get back a lot in return


  • Capital is Sacred & is to be respected
    PROTECT CAPITAL
  • Simple is better than complex.
    So let's keep it simple
  • In a sufficiently long time frame, all companies are mediocre (Reversion to Mean)
    Duration of competitive advantage has reduced drastically
  • Keep an Open Mind & Keep Learning. Lifelong learner
  • Getting back to Basics
  • Everyone is a genius in a bull market. So, go find a bull market
    There is always something where there is a bull market. Could be a particular company, a sector, industry, asset class etc
  • Envy doesn't help
  • Reasonable Diversification and Portfolio Allocation - Risk Management Tools
  • Stock Selection


  • Intelligence & Common-sense based approach
  • Diversify. Focus on overall portfolio & not only individual stocks.
    Indian Thali style 
  • Core & Tactical approach (small positoins). Called Long Tail Portfolo
  • Long term orientation: You can beat a lot of problems
  • Margin of Safety
  • Right mindset
  • Continuous learning & improv
  • Continous learning & improving your internal models. Feedback Loop
  • Focus on the Knowable
  • Continuosly monitor a company, its competition. Are they doing different things
  • Have a written down investment process
  • Management matters most
  • What has management said in the past and how has it followed up on those plans 
  • Management has vested interest in its company. so u have to start with a skeptical mind. Probe further
  • Look at management's corporate actions. Rights issue etc.
  • Talk to suppliers/vendors/customers etc
  • DISCIPLINE, Process & Checklists


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