It’s easy to assume that learning ends when you’re in your early twenties. You finish college, and go into the “real world” of work. No more term papers, no more exams. A lot of people hardly ever pick up a book again – except perhaps to read on vacation.
Some people never give learning much thought. They pick up bits and pieces in an unstructured way, learning just enough to get through the job at hand.
But it’s important to understand that to accomplish great things in life, you have to keep learning. Investing is no different.
It doesn’t matter how smart you are or how knowledgeable you are as an investor. You can always learn more. To assume you’ve learned everything in investing is to stagnate, and stagnation does not bring success.
If you were to interview the most successful investors in the world today, there is a common denominator: they say they are always learning.
In fact, the simple reason investing legends like Charlie Munger and Warren Buffett are so wise and smart decision-makers is because they have never stopped learning. Instead, they have let the power of compounding work in their learning as well.
As Munger says –
Neither Warren nor I is smart enough to make the decisions with no time to think. We make actual decisions very rapidly, but that’s because we’ve spent so much time preparing ourselves by quietly sitting and reading and thinking.
Anyways, when it comes to learning, the biggest question a lot of people ask me is – “Where do I start and what should I read?”
I am always ready with my list of books worth reading again and again. But the next question is – “Who has the time to read so many books?”
Well, this is a genuine problem as most of us are busy in our work and family lives. So reading though a list of investing books – even the best ones – and other resources to get through the best ideas seems a lot of hard work.
How effective and rapid learning can be when the best ideas areas served to us on a platter?
Let me introduce…
Safal Niveshak’s Value Investing Almanack
Reading isn’t enough when you want to gain wisdom as an investor. As Charlie Munger says…
We read a lot. I don’t know anyone who’s wise who doesn’t read a lot. But that’s not enough: You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or don’t know what to do with them
So, grabbing the right ideas is of great importance when you are reading. And knowing what to do with those ideas is equally important.
Value Investing Almanack is a brand new newsletter from Safal Niveshak, which will bring you those right, big ideas in value investing, human behaviour, and business analysis, which you must grab to become smarter in your investment decision making.
Value Investing Almanack will be a monthly newsletter, where we will cover the following –
1. Spotlight – Big ideas from Value Investing and why applying them in your investment decision making will be a great deal
2. Behaviouronomics – Deep analysis of human behaviour and how it impacts investment decision making
3. StockTalk – Thorough analysis of business models of companies (without any recommendations)
4. Business Snapshots – Snapshots of great and gruesome businesses
5. BookWorm – Reviews of the best books on Value Investing and related subjects
6. InvestorInsights – Interviews with experienced and upcoming value investors
7. Corporate Governance – Thoughts on what companies do in terms of good and bad corporate governance and how you can separate the two
8. EthicalAnalyst – Thoughts on loose practices in the investment industry and why ethical practices are of great important now than ever before
9. Life 2.0 – Practical and effective ideas on living a simple, sensible life
10. What We’re Reading – Links to a great external sources we’re reading
In short, there’s a great amount of learning packed in just one newsletter! Imagine the amount of wisdom you can attain reading this newsletter every month.
Also imagine the amount of time you’ll save reading this one newsletter instead of searching for the best ideas from hundreds of books, websites, and other resources.
In each issue of the Value Investing Almanack, we will highlight one thoughtful, provocative idea around the subjects mentioned above.
Some will inspire you. Some will make you uncomfortable. All will challenge you to think outside the box.
Now, you may be surprised at why am I using the word “we” here, which is a shift from “I” that I have been using all these years.
To clear the confusion, let me introduce to you my friend and Safal Niveshak tribe member Anshul Khare, who will be my partner in writing and publishing this newsletter.
Anshul works as a Software Architect in the IT industry in Bangalore. He studied chemical engineering at IIT Bombay. He is an avid reader of books from various disciplines including investing, personal finance, psychology, philosophy, spirituality with special interests in the area of human behaviour and value investing.
Anshul is a diligent learner, and one of the most humble fellows you’ll find out there – reasons enough for me to be excited to work along with him on this initiative.
Coming back to the Value Investing Almanack, click here to download the first issue absolutely free for you to check out what you can expect in the coming months.
From the next issue onwards, you can read the newsletter by subscribing to it at a nominal fee.
While the base fee for a one-year subscription to Value Investing Almanack is Rs 5,999, you can subscribe at a special launch price of Rs 4,999 only.
In the meanwhile, click here to read the first issue. And please let me know your feedback on the newsletter in the Comments section of this post.
Here’s to your learning!