by MSFL Author | Jan 25, 2022 | Kai Taraporevala, Thoughtful Investors
Mark Twain said, “History doesn’t repeat itself, but it often rhymes.” Investors would do well to imbibe this vital lesson and deeply study financial markets’ history. Examples from history Pandemics. We are presently in the terrible grip of the Covid-19 crisis....
by MSFL Author | Jan 10, 2022 | Kai Taraporevala, Thoughtful Investors
We often rush around – being busy and overwhelmed by events. We think there is no alternative. Urgent actions are required every minute of our waking lives, and we feel that there are fires that need to be put out immediately. Especially at such times, we may benefit...
by MSFL Author | Jan 3, 2022 | Kai Taraporevala, Thoughtful Investors
We all make mistakes. The poet Alexander Pope wrote that “To err is human, to forgive divine.” Our blunders are often most easily seen in our investment records. The market does not care about our opinions or views. It is a challenging taskmaster. Understanding Sunk...
by MSFL Author | Dec 21, 2021 | Kai Taraporevala, Thoughtful Investors
We all know of Albert Einstein as a genius scientist. We have an image in our minds of his unkempt hair and kindly face and his famous theories called the Special and General theories of relativity. However, most of us are not aware of the two main aspects of the...
by MSFL Author | Dec 14, 2021 | Kai Taraporevala, Thoughtful Investors
A runaway process An example of a “runaway” process is that of a human body when its temperature increases much above 42 C. Positive feedback takes over with chemical reactions making the body’s metabolism (chemical reactions) go faster, which in turn...
