Books
1. Book #1 in 'The Intelligent Investor's Mistakes: Warren Buffett'
Published in April 2024
The book is a collection of Buffett’s 38 companies where he made mistakes of either commission or omission. Each chapter is a company or an industry written in a short story followed by Buffet’s and Munger’s quotes. They end with lessons for an investor to evolve to maximize Profits and build enduring Wealth.
The timeframe starts from 1965 when Buffett acquired Berkshire Hathaway Inc. till recently in 2023, Taiwan Semiconductor Manufacturing Company Ltd. (TSMC). They are loaded with wisdom. Also, fun to read.
The focus of the book is to help an investor to learn the following lessons –
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Investment Framework and Processes
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Investment Strategies
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Risk Management
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Capital Allocation
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Valuation
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Smart Diversification
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Decision Making
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The whole book is written to evolve you into a better investor to guard against your own emotional biases. Learn to evaluate a company’s economic outcome, competitive strength, how to think about the market price movement, and much more. These valuable lessons unleash your potential to maximize profit and build wealth.
“For you Warren Buffett fans, Mr. Balaji Kasal has written one of the most exhaustive list of Buffett's investment mistakes over his career. A must-read.”
Todd A. Finkle, Ph.D.
The Pigott Professor of Entrepreneurship at Gonzaga University.
2. Book #2 in 'The Intelligent Investor's Approach to Risk Mastery
Published in September 2024
This is a holistic risk mastery book that empowers you to take control of your investment journey. You a) Minimize the losses and b) weigh the opportunity cost to maximize Profits. It is written in a unique way that covers the crucial aspects of risk management comprehensively.
The hidden gems for you are –
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Self-mastery to transform your Mindset to make effective decisions to achieve goals.
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Superior insights into the Business ecosystem to construct an all-season profitable portfolio.
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Evaluate the management as your ‘Partners’ to succeed.
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Decode Stock Market psychology to identify winners.
Recognize your edge to stand out from the crowd mentality to spot profitable investments and trading opportunities.
These insights and strategies help you manage risk and embark on a long-term successful investment journey.
3. Book #3 in 'The Intelligent Investor's Art of Selling
Published in November 2024
"Selling your winners and holding your losers is like cutting the flowers and watering the woods." - Peter Lynch
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Investors lose their potential fortunes in the stock market because of wrong selling. Understanding this is critical.
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You might have wondered why brokers make more ‘Buy’ recommendations than ‘Sell’ recommendations. Because Selling in the stock market is riskier, hard, requires strategy, and is an art.
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But you are going to realize real profits only when you sell successfully. Until then, it’s just paper gains, subject to the market’s unpredictable ups and downs.
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That’s why knowing when and why to sell is essential. A wrong sell can be costly in two ways:
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You might sell and exit a wonderful company too soon, missing out on compounding returns and wealth-building potential.
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You risk holding (not selling) onto mediocre companies, which could cost you valuable capital, time, and opportunity.
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This book is your roadmap to mastering the sell strategies in the stock market. Inside, you’ll learn how to:
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Identify and bust common myths about selling.
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Break free from emotional biases and develop a resilient investor mindset.
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Craft your personal ‘why’ and ‘when’ to sell to make effective decisions.
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Confidently take profits using a set of holistic, time-tested selling rules.
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Empower yourself with the strategies to secure profits on your path to lasting wealth. Selling is the ultimate skill every investor must master.
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Remember:
“Selling is riskier than buying, but those who understand it build enduring wealth in the stock market.”
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