My most precious investment lessons are:
- Being contrarian in my approach towards stock or sector selection.
- Focusing on the price I pay for a business rather than categorise companies as high-quality or low-quality.
- Try and control my emotions while making an investment decision.
Over the years, I have made several mistakes that have moulded my investment philosophy, such as:
- Inability to understand market cycles and its impact on companies.
- Excessive leverage can set you back a long time.
- Underestimating the margin of safety while buying a stock.
- Inability to predict the future with any certainty.
Over time, I have tried to improve my understanding in all these areas while building a portfolio.
This interview was conducted in June 2022
Also in the series:
Ajay Tyagi's most precious investing lessons
Pankaj Tibrewal's most precious investing lessons
Samir Rachh's most precious investing lessons
Chirag Setalvad's most precious investing lessons
Sandeep Tandon's most precious investing lessons
Aniruddha Naha's most precious investing lessons
Shreyash Devalkar's most precious investing lessons
Pranav Gokhale's most precious investing lessons
Shridatta Bhandwaldar's most precious investing lessons
This article was originally published on August 08, 2022.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
