Equity Investment - Learning
“Never invest in a business you cannot understand.” - Warren Buffett Experience is a bad teacher as it gives the test before lessons. I have invested last year amid the SENSEX meltdown ( Portfolio in Aug 2020 ) and ( My Investment Universe ). The wealth was created in the bear market (60% upsurge). I have tried to document personal decisions and convictions from the experience in the equity market. Any stock market is driven by herd mentality and kept afloat by confidence. The system is inherently a closed-feedback loop. Hence, sharing experiences matters. My investment philosophy is really simple: invest in great businesses. My diligence is also focused on finding the sources of the competitive advantages of these companies, their track record of dealing with technological disruptions, and the wisdom of their capital allocation decisions. Lessons 1. The long-term target is to own 10 to 20 stocks in the portfolio. I have trimmed down the portfolio from 34 to 21 stocks. No individua...