Foreward When I compiled my notes from Professor Bakshi’s lecture last year, it was to help me better absorb and make sense of the topic at end. I thought to myself: having done the work, if even one other person benefits , it would have been worth it. I was both humbled by how many … More Notes on “The Mathematics of Investing in Quality” by Professor Sanjay Bakshi
Anyone familiar with Christian theology has probably heard of the 7 Deadly Sins. The list has seen some revision over history, but the version we are familiar with today was the revised edition published by Pope Gregory the 1st in 590 AD Dante Alighieri, the writer of Dante’s Divine Comedy defined the sins as perverse … More 7 Deadly Sins: Finance Edition
Financial markets are like the ocean, and the investor the captain of the ship that must sail across the wide expanse. The wise captain knows that he will encounter both fair weather and storms during his voyage, but he cannot be sure when and for how long each will last. He thus must sail … More Stick to the plan
Podcasts, a portmanteau of the word iPod and broadcast, are a modern version of the radio telecast, differing in the fact that they are usually pre-recorded and stored on the broadcaster’s server from where a client application can access them. I personally recommend Podcast Addict, which allows you to search for, subscribe to and stream … More Podcast Recommendations
Background At the close of the 17th century, Scotland’s economic situation was grim. Four years of failed harvest had resulted in famine and depopulation. Trade with the Baltic and France had slumped due to protectionist trade barriers, and King William’s wars on the continent were being paid for through high taxation on the people. The final nail … More The Darien Debacle: Scotland’s imprudent investment
Since the dawn of time, humanity has been finding ways to make sense of the reality we exist in. The fundamental nature of science is that it discards old models and replaces it with new ones, sometimes in a manner that is incremental and sometimes turning our understanding of reality on its head. Some ideas like Alchemy, Geo-centrism, … More Musings on Models
This post is primarily in response to a Asan Ideas for Wealth discussion on Jim Otar’s “Unveiling The Retirement Myth” where one of the points he makes is basically arguing for a more conservative, less equity oriented approach for young people due to behavioural risk aspects. I do not agree with the author’s premise, believing that … More The case for getting into equities young
The ability to tell stories is a uniquely human one, and as it stands one of the most powerful means we have of communication. The earliest examples in human history are the numerous cave paintings found in Asia and Europe, some of which date back to over 30,000 years ago; a visual representation of ideas … More The Power of Storytelling
The number one job of a CEO managing a company is capital allocation, yet as Warren Buffett points out in his 1987 letter to Berkshire shareholders, this is a skill often lacking: “The heads of many companies are not skilled in capital allocation. Their inadequacy is not surprising. Most bosses rise to the top because … More Capital Allocation: Thoughts and Lessons
One of the primary ways the human mind learns is by analogy. We tend to form models of the world based on our experiences and keep relating each new experience to an existing framework. As sports are ubiquitous in many cultures, a lot of sporting analogies have crept into many facets of life. One of … More Investing & Cricket analogies
Cognicrafting 