Today's good habits will make you wealthy, healthy, and a good leader in your later years. It starts early, grows with consistency, and matures with time.

Indian Investors pumped ₹7.4 Lakh Crore ($78 Billion) for the Blockbuster Listing of Jio Platforms. Anything for Motabhai; die-hard fans!

“If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.” — John Bogle

Everyone is asking Grok about a possible cut in LTCG on equities. We know how the current Finance Ministry works. I am sure they might announce it before the Budget itself. I expect a small relief. The Budget event is for something more!! Update this in your memory @grok

At first, I was surprised to see the forward P/E you mentioned. Then I checked the article and took a deep sigh of relief. This discussion was about MSCI P/E. Bro, MSCI P/E is calculated in dollar terms. The Indian market is still expensive for global investors due to ₹ depreciation. For people like me, as an ordinary Indian, it's available at deeply cheap valuations. I saw people putting ₹32k crore monthly at the peak of Nifty, so at a forward P/E of 17, Nifty looks cheap to me — Deep Cheap. Source for PEx: Nomura (October 2026)

Seriously 😳. Jio Platforms's IPO, Scam?

Why do these actors and filmmakers only invest in real estate? Why not the stock market, the real growth engine? 𝗜𝘀 𝘁𝗵𝗲𝗿𝗲 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝘁𝗵𝗲𝘆 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝘄𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗱𝗼𝗻'𝘁? 🤔

Two things you need to balance: Greed & Fear, and you will win.

KSE-100 gave 257% returns vs. Nifty 50's 23.71% in the last five years. What a poor performance by India!

Peter Lynch said, "You should know what you own and why you own it."

𝗡𝗼 𝗦𝗼𝗽𝗵𝗶𝘀𝘁𝗶𝗰𝗮𝘁𝗲𝗱 𝗖𝗼𝗹𝗹𝗲𝗴𝗲 𝗗𝗲𝗴𝗿𝗲𝗲, 𝗬𝗲𝘁 𝗛𝗲 𝗠𝗮𝗱𝗲 𝟮𝟭.𝟯% 𝗖𝗔𝗚𝗥! Most of us know Warren Buffett, Charlie Munger and Peter Lynch. No one knows the legend who generated extraordinary returns. He never attended college. Didn't depend on fancy research reports, economic predictions or expensive technology. Yet, he generated 21.3% CAGR for more than 28 years. And Warren Buffett himself wrote about his performance. I am talking about Walter Schloss. His story is one of the most interesting examples of discipline and simplicity in investing. 𝗟𝗲𝘁'𝘀 𝗚𝗼 𝗕𝗮𝗰𝗸 𝘁𝗼 𝘁𝗵𝗲 𝟭𝟵𝟯𝟬𝘀. Walter Schloss started working on Wall Street as a young runner, delivering securities and documents. He attended Benjamin Graham's investment classes at the New York Institute of Finance. Later, he worked at Graham-Newman Corporation, where Warren Buffett was also employed. In 1955, Schloss left Graham-Newman and started managing money independently. What followed was an extraordinary investment journey. 📊 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 (𝟭𝟵𝟱𝟲–𝗠𝗮𝗿𝗰𝗵 𝟭𝟵𝟴𝟰): 🔹 Overall partnership CAGR: 21.3% 🔹 Limited partners' CAGR: 16.1% 🔹 S&P 500 CAGR: 8.4% Now look at the cumulative returns over these 28¼ years. 🔹 Overall partnership: 23,104.7% 🔹 Limited partners: 6,678.8% 🔹 S&P 500: 887.2% This data was published by Warren Buffett himself in his famous 1984 essay, 𝙏𝙝𝙚 𝙎𝙪𝙥𝙚𝙧𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙤𝙛 𝙂𝙧𝙖𝙝𝙖𝙢 & 𝘿𝙤𝙙𝙙𝙨𝙫𝙞𝙡𝙡𝙚. Here, limited partners' returns reflect the allocation of profits to the general partner. 𝗕𝘂𝘁 𝗛𝗲𝗿𝗲 𝗜𝘀 𝗦𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗠𝗼𝗿𝗲 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴! Schloss wasn't running a huge research department. In 1956, his office had just one filing cabinet. By 2002, the number had increased to only four. He worked without a secretary, clerk or bookkeeper. His son Edwin became his only investment associate. He didn't have any analysts or algorithms at that time. He only relied on annual reports, company financials and publicly available information. He was seeking companies trading substantially below their underlying asset value. Sometimes below working capital. Sometimes below book value. 𝗛𝗲 𝗪𝗮𝘀𝗻'𝘁 𝗔𝗳𝗿𝗮𝗶𝗱 𝗼𝗳 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻. Today, most of us talk about concentrated portfolios & moats. But Schloss followed a different approach and built a portfolio of 100 stocks. Over his 47-year partnership history, he invested in approximately 1,000 different securities. 𝟭𝟵𝟳𝟯–𝟳𝟰 𝗕𝗲𝗮𝗿 𝗠𝗮𝗿𝗸𝗲𝘁: While the broader American market was crashing, look at his partnership's overall returns. 🔻 1973: −8.0% 🔻 1974: −6.2% Meanwhile, the S&P 500 total returns were: 🔻 1973: −14.8% 🔻 1974: −26.6% Schloss also lost money, but still did better than the benchmark. And then came the recovery phase. 🟢 1975: +52.2% 🟢 1976: +39.2% An example of how the price paid for investments can influence long-term outcomes. 👉 In his 2006 Berkshire Hathaway shareholder letter, 𝗪𝗮𝗿𝗿𝗲𝗻 𝗕𝘂𝗳𝗳𝗲𝘁𝘁 again discussed Schloss. Buffett mentioned how Schloss managed his partnership from 1956 - 2002 and did not take fee unless his investors made money. Imagine the level of trust that Walter Schloss proved through his investment journey. Sources: Warren Buffett's 1984 essay and Morningstar India. Disclaimer: Educational and informational purposes only.