Financial Literacy 02 | What I Wish I Knew When I Was 17 by Mr. Sanjay Bakshi

Mr. Bakshi, explained the power of compounding and how it creates a large effect on the small habits of saving, or reading etc. He also covered how the simple terms such as reduction and inversion learnt during the school days are helpful to a person throughout their life. He also explained Prospect Theory and human behaviour when the magnitude of loss is large versus small. He quickly covered Bayes theorem and connected it with how recent events impact our decisions based on the revised probabilities of outcomes.
The Financial Literacy course will provide a comprehensive view of personal finance and financial investments to the FLAME University Undergraduate students. It will also familiarise the learner with various topics such as capital markets, personal savings, role of borrowing, the accounting language, asset classes - equity, fixed income, real estate, commodities etc., asset diversification, investment options, wealth creation, etc.
Speaker:
Mr. Sanjay Bakshi is an Adjunct Professor at Management Development Institute, Gurgaon, where he teaches MBA students a popular course titled “Behavioral Finance & Business Valuation (BFBV)”. Sanjay is also Managing Partner at ValueQuest Capital LLP a value investing firm based out of New Delhi.
#FinancialLiteracy #Investment #SanjayBakshi

[@roaringwarrior9]

6:38 Compound interest
33:55 Proof by contradiction
40:45 Reductionism/Simplification
44:35 Inversion
49:25 Small probability but large consequence
What an incredibly powerful session.

[@harshjain2268]

List of books mentioned in this video:
1. The Marshmallow Test - Walter Mischel
2. The Little Book Of Talent - Daniel Coyle
3. The Ten Commandments of Business Failure - Donald R. Keogh
4. The Signal & the Noise - Nate Silver
5. Black Swan - Nassim Taleb
6. Fooled by Randomness - Nassim Taleb

[@HardikGupta.2004]

Thank you harsh

[@hardikpatel4233]

One of the best lectures I have seen in my entire life. Must watch .Thank you Professor Sanjay Bakshi...

[@maddysydney]

I am 45 years old and living overseas. I wish I could be a student at Flame and start my career after learning all this and benefit from such great minds. I am thankful to flame for sharing this so worldwide people of any age or skill can be enlightened

[@riamehta7502]

Wow this is really interestingly put.. being 17 right now, these are still really helpful tips!! Thank you.

[@CR-op8cp]

excellent lecture, I enjoyed a lot............ Thank you

[@DilhandeSilva]

Ok

[@callingwinner7215]

As usual sanjay Bakshi sir gives Lot of wisdom in two hours of life lecture...must. Listen the full lecture and apply it in daily life..

[@neeleshgala876]

It is really worth listening words of wisdom.

[@surajpawar9501]

Sanjay Sir & Flame, Thanks for sharing

[@rsriram95]

extremely profound talk

[@jeelanishaikh]

What an interesting talk. Thank you very much

[@tarungupta6332]

Master at his very best :)

[@113vignesh]

Superlike

[@x21gokartracing]

Informative guest you had on your show. 👍

[@anilsagar1065]

Super excellent

[@rahulsinha6276]

Passive income idea for you sir: Start a library

[@thecrapper6918]

2 hrs well spent

[@tarunwala]

Bitcoin and other crypto currencies falls into absurd categories

[@cronosx6174]

I still don't get the shoe comment.

[@tyquanfleming8554]

What word begins with y

[@llnvamsi]

You

[@katherinblanco4302]

peo

[@patel.1238]

basant maheshwari ko bulao

[@RadheVajrakaya]

80th Like

[@mrtrustilinie]

interest is haram

[@cherubrp]

Never heard of this before, why is interest haram, would you mind kindly explaining? You're telling me If you sold your house and made a decent profit, you would give the profit away?

[@maddysydney]

Try to get rich without other people’s effort/ time. That is what interest is - you take the risk and someone else borrows the money to grow their personal/ business financial success and pay you the cost of taking risk. Leverage should be haram. Forgive me if I misunderstand this. Just my opinion.

[@mrtrustilinie]

@@cherubrp If I own a house that cost me 5 dollars and i sold it for 400 million etc, there's no interest involved. If you asked me for 100 dollars and I agreed on the condition you have a month to pay me back 200 dollars that's interest. If loans were fee based and not interest based people could actually afford to buy homes, rent apartments etc at affordable prices. Money lenders drain the workers savings. I get it some people can and do make money getting loans but the majority of people get financially destroyed

[@mrtrustilinie]

@@maddysydney Try to get rich with*

[@maddysydney]

@@mrtrustilinie $5 to $400 million in real estate? How many years? What is the risk you took? No leverage? Would love to read your book or watch your video if you care to share