Quote of the day by Charlie Munger: ‘In my whole life, I have known no wise people who didn’t read…’

Charlie Munger, the late vice-chairman of Berkshire Hathaway and the “architect” of Warren Buffett’s investment philosophy, was a staunch advocate for the Latticework of Mental Models — a framework for thinking that combines multiple cross-disciplinary models to improve decision-making, problem-solving, and understanding of complex systems. Advocating for the virtue of reading, Munger said, “In my…

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‘Both buckets matter’: DSP MF’s Kalpen Parekh explains why equity portfolio needs support from gold & bonds

Sharing an important lesson on asset allocation, Kalpen Parekh, Managing Director and CEO of DSP Mutual Fund, said that investors who ignore either equities or defensive assets like gold and bonds risk undermining long-term wealth creation. In a social media post on X, Parekh highlighted the importance of owning “both buckets”, arguing that growth and…

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Aditya Birla Sun Life AMC’s Harish Krishnan

After the budget classified tax on buybacks as capital gains, some relief for buybacks may help return excess capital in a few mature companies, which can then be recycled into newer capital-intensive opportunities, said Krishnan. Some consumer staples, even though they have higher price-to-sales ratios, are generating significant cash flows and could be a better…

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‘Beat this’, says Samir Arora as Nifty 50 crushes gold, S&P 500 with 1992% return in 27 years despite rupee fall

Gold’s massive rally this year, which has easily eclipsed the equity market returns, has sparked concerns among investors about the better asset class for long-term wealth creation. Samir Arora, Founder and Fund Manager at Helios Capital, made a case for equity investing as he shared data to reinforce a common investing notion that equities have…

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‘You cannot become a good investor unless…’: What prompted Mukul Agrawal to switch to long-term investing 16 years ago

Well-known stock market investor Mukul Agarwal traces his shift from short-term trading to long-term investing due to a simple but powerful realization during the 2003–2007 stock market boom. As stocks multiplied 10 times and even 100 times during that period, Agarwal began questioning his own approach towards the stock market. As a trader, he realized…

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