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Vishal Khandelwal

Life 2.0: Experimenting with Water

February 28, 2016

Scientists say that water constitutes 70% of human body. Of course a quantum physicist would argue that 99.99% of our bodies is nothing but empty space. But I guess whatever is left out from that empty space, 70% of that is water.

From a great skin to fat loss, the benefits of drinking adequate water are universally known. I am not going to harp on the benefits of drinking sufficient water every day. There is enough information on the Internet and hundreds of books have already been written, read and forgotten on this subject.

In this post I am going to share my finding based on a 3-months long personal experiment to increase my daily water intake.

According to one scientific study you should drink 0.033 of a litre of water per day for every kilogram of bodyweight. So if you weigh 65 kg, that is 65 * 0.033 = 2.145 litre of water per day. But that’s bare minimum.

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Benefits to VIA Members
 
  • Spotlight: Big ideas from Value Investing and why applying them in your investment decision making will be a great deal
  • InvestorInsights: Interviews with experienced value investors, learners, and deep thinkers
  • StockTalk: Thorough analysis of business models of companies (without any recommendations)
  • Behaviouronomics: Deep analysis of human behaviour and how it impacts investment decision making
  • BookWorm: Reviews of the best books on Value Investing and related subjects
  • Free Course – Financial Statement Analysis for Smart People (otherwise priced at Rs 5,900)
  • Archives: Instant access to our huge archive from the past three years
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BookWorm: How to Get Lucky

February 28, 2016

A wise man once said “I am a great believer in luck. The harder I work, luckier I get.”

I am sure you’ve heard of this saying a number of times in the past. It’s usually quoted by those who belong to the meritocratic school of thought which says, “If you’re good, you don’t need luck.”

If you’re successful it’s a natural human tendency to assume the credit for your success. After all you must have worked hard for it and you surely deserve it. But when I think of my life, I have seen and met many individuals who always worked harder and yet they sadly remain unsuccessful.

Goes with saying that I have also met those who achieved great heights with significantly less effort. These are the people who manage to attract much more than their fair share of luck. Usually we look down on such people with disdain. It’s assumed that any success founded on element of luck is inherently undeserving.

Do you know someone who always manages to find himself in the right place at the right time? Before you label him as lucky, ask yourself – do you think his luck is out of pure randomness? May be he has a knack for reaching to the right place at the right time.

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Want to Read More? This content is exclusive for members of Value Investing Almanack. Login to read if you are a member. Else, click here to subscribe.

Benefits to VIA Members
 
  • Spotlight: Big ideas from Value Investing and why applying them in your investment decision making will be a great deal
  • InvestorInsights: Interviews with experienced value investors, learners, and deep thinkers
  • StockTalk: Thorough analysis of business models of companies (without any recommendations)
  • Behaviouronomics: Deep analysis of human behaviour and how it impacts investment decision making
  • BookWorm: Reviews of the best books on Value Investing and related subjects
  • Free Course – Financial Statement Analysis for Smart People (otherwise priced at Rs 5,900)
  • Archives: Instant access to our huge archive from the past three years
Become a VIA Member. Click to Subscribe

InvestorInsights: Gaurav Jalan

February 20, 2016

Gaurav Jalan, an enterprising and inspiring young value investor shares his invaluable insights and experiences in sensible, long-term investing.

Gaurav has 14 years of experience in management consulting and investment management. He manages investment portfolios for high net worth individuals and companies as Chief Investment Officer at Avant Garde Wealth Management. Previously, he was an Investment Analyst at Fidelity International in Mumbai and also worked as a Senior Associate Consultant at Bain & Co., New York. Gaurav completed his MBA from Columbia Business School, New York in 2006 and his B.A. in Economics and Computer Science from Amherst College, Massachusetts in 2001.

In his interview with Safal Niveshak, Gaurav shares his wide investment experience and how small investors can practice sensible investment decision making.

Safal Niveshak (SN): Could you tell us a little about your background, how you got interested in value investing?
[Read more…] about InvestorInsights: Gaurav Jalan

BookWorm: The Hard Thing About Hard Things

February 15, 2016

Building a business is hard and there are no easy answers to the tough problems business throws at you every day. A high technology entrepreneur and a venture capitalist shares an honest and straight talk based on his experience in starting, running and selling a billion-dollar company.

While many people talk about how great it is to start a business, very few are honest about how difficult it is to run one. In fact, calling it difficult would actually be an understatement.

Building a company inevitably leads to tough time. It’s just hard and the hard thing about it is that there is no formula to deal with those hard things.
[Read more…] about BookWorm: The Hard Thing About Hard Things

Behaviouronomics: Zeigarnik Effect

February 15, 2016

Outstanding tasks gnaw at us until we complete them or get rid of them. But there’s another way to relieve the stress of unfinished without finishing it.

What is not started today is never finished tomorrow.~ Johann Wolfgang von Goethe

The most interesting and exciting thing about behavioural economics and psychology is that it’s not very difficult to experimentally test the validity of theories. You don’t need expensive lab instruments. The world is your lab and its inhabitants i.e., people, including yourself, are your test subjects (read guinea pigs).

So here is a simple experiment that you can try on your next visit to any restaurant. It’s not uncommon to find waiters who don’t really write down your order. They seem to have this wonderful ability to recall the order for each table. Even if there are half a dozen orders with every order consisting of many different dishes (including special request like – I want less sugar, don’t add mushrooms in my Pizza etc.) these waiters rarely goof up. Well that’s their part of the job and with years of practice they have exercised their mental muscles so much that they develop a super-sharp memory. But do they really have a great memory?

Try this – After you are done with your meals and have paid the bills (and a good tip), wait for ten minutes after you have left your table and then go back to the waiter who was waiting on you. Ask him to repeat your order. You’d expect him to rattle off your order without any difficulty. But don’t be surprised if he gives you the look – “I am sorry, who are you?” It would seem, not just your order but your whole existence has evaporated from waiter’s memory. What happened to his super memory?
[Read more…] about Behaviouronomics: Zeigarnik Effect

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