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Howard Marks Memo 1992 Microeconomics 101 Supply, Demand and Convertibles Review
As in this memo, Howard writes about the supply, demand and convertibles. Two principal factors determine the success of any investment; 1) Intrinsic Quality: Intrinsic quality of underlying business, how good the business is? Its better to invest in good companies than bad one, ceteris paribus. [Ceteris paribus is a favourite term of economists. It…
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Warren Buffett Partnership Letter 18 January 1963 Review
Buffett knows that his letters are long, and partner had difficulty to read entire letters, so he point out few points, he called it’s a “Ground Rules” Following are the ground rules, please go through it, and the message behind the rules never change, like rule no 1 says no returns are guaranteed to partner,…
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Warren Buffett Partnership Letter 6 July 1962 & 1 November 1962 Review
Buffett starts 6 July 1962 letter with the Prediction paragraph, which he was mentioned in 1961 letter dated 24 January 1962, I am not repeating it here again, In first half of 1962, till 30 June 1962, Dow Declined with the overall loss of 21.7% including dividend, “A declining Dow gives us our chance to…
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Howard Marks Memo 1991 First Quarter Performance Review
The second memo from Howard Marks, named “First Quarter Performance” written in 1991, I am reviewing today, is very short but very important to understand from investor perspective. Howard starts this memo by saying “The mood swings of the securities markets resemble the movement of a pendulum.” The price of a stock, always behave like…
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Change Your Thinking Change Your Life
As I reading awesome book of Brian Tracy “Change your thinking, change your life” as I am a big fan and admirer of Brian Tracy, He is a writer, Speaker and Self development mentor. This book can give you a platform, for your life, its important and enjoyable reading. Who are you? You are not,…
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Warren Buffett Wisdom 1961 (I) Letter
Writing on 1961 performance, Buffett write “We will do relatively well compared to the general market in down or static markets, but that we may not look so good in advancing markets. In strongly advancing markets I expect to have real difficulty keeping up with the general market.” Buffet performance is good till date, and…
Harish Kawalkar
Investing In Yourself
This is how it all started…
As I reflect on my journey through the tumultuous seas of the financial world, I realize that my passion for writing about value investing stems from a deeply personal journey intertwined with principles of prudence, patience, and profound discovery.
My journey into the world of finance began like many others – with a burning curiosity and a thirst for knowledge. Yet, as I delved deeper into the intricacies of the market, I found myself drawn to a philosophy that resonated with my values and beliefs – the philosophy of value investing.
Value investing, with its emphasis on fundamental analysis, long-term perspective, and the search for undervalued assets, spoke to me in a way that no other approach did. It was not merely a strategy for building wealth, but a mindset, a way of life centered around the pursuit of intrinsic value and enduring principles.
As I navigated the ebbs and flows of the market, I experienced firsthand the power of value investing to uncover hidden gems amidst the noise and chaos of Dalal Street. I witnessed undervalued companies transform into shining stars, their true worth realized over time through patient analysis and steadfast conviction.
But perhaps, more importantly, I discovered the profound sense of fulfillment that comes from aligning one’s investments with one’s values – from investing in companies that not only promise financial returns but also contribute positively to society and the world at large.
Driven by a desire to share my insights and experiences with others, I turned to writing as a means of spreading the gospel of value investing. Through articles, blog posts, and books, I sought to demystify the complexities of the financial world, empowering others to take control of their financial destinies and pursue their own path to wealth and prosperity.
For me, writing about value investing is not just a profession or a pastime – it is a calling, a way of paying forward the knowledge and wisdom that have guided me on my own journey. It is a testament to the transformative power of sound principles, disciplined strategy, and unwavering faith in the pursuit of value, both in the market and in life itself. And it is my sincerest hope that through my writing, others may find inspiration, guidance, and enlightenment on their own quest for financial freedom and fulfillment.
Harish Kawalkar
Writer & Value Investor