Transcript of my conversation with @kuntalshah on #TheOnePercentShow
Vishal Khandelwal @safalniveshak
By FLAME University
- Anything multiplied by zero is 0
- Happiness is a function of achievements plus aspirations, divided by regrets
- Disappointment is a function of expectations divided by reality
- Kinetic energy is equal to ½MV^2. This equation is important in this era where the rate of change is accelerating, an organization or a person can use his mass or velocity to gain competitive advantage and velocity being exponential, speed is of essence
- Opportunity cost is always higher than sunk cost
- Destruction is far swifter than construction
- EBITDA is not equal to cash flows
- Formula of luck, is joy square divided by effort
- Despair is equal to suffering minus equanimity
- Returns decrease as motion increases
- Future Value = Present Value (1 + R) ^n
- Gratitude + the right attitude = permanently high altitude
A marriage of convenience leads to a life of inconvenience. For a proper perspective and equanimity in life, maintain a decision as well as gratitude journal.
Macro matters and interlinkages can lead to a ripple effect.
All IT enabled businesses are not tech businesses.
Businesses are run by people, regulated by people, assets are created by people and the pricing of those assets are set by people. Those who don’t remember the past are condemned to repeat it.
In science and in life, progress is linear but in the financial word it is cyclical. Cycles – more frequent, shorter duration and far higher amplitudes
In the short-term volatility is guaranteed. A long time horizon and an unlevered, stable capital base can help overcome volatility.
What makes a great investor is not the number crunching or having differential insights, but the ability to make good decisions in extremely uncertain times.
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