Ep.5: Dimensions of Mistakes in Investing by Mr. Utpal Sheth, CEO & Senior Partner, RARE Enterprises
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- In this episode, Mr. Utpal Sheth shared his views with Varun Goenka on the importance of overcoming natural instincts in investing, focusing on the long-term strategic picture, and sizing bets to match one's conviction. He emphasized the significance of learning from mistakes and how they define a person over time, particularly in the context of investing where mistakes can compound significantly. He highlighted the need for deep introspection and multiple iterations to understand and learn from mistakes.
Mr. Seth also mentioned the value of learning, adapting, and embracing mistakes in investing, ultimately leading to investment and personal growth and success.
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Great insights shared by Utpal Sheth regarding the value of learning, adapting, and embracing mistakes in investing, ultimately leading to investment and personal growth and success.
00:04 Mistakes in investing
03:02 Utpal Sheth has extensive experience and expertise in both macro and micro aspects of investing.
05:47 Learnability, adaptability, and resilience are key qualities for success in investing.
08:57 Simplicity is not simple
12:11 Don't think of your buying decision as one-time, but as a Continuum of returns and time.
15:13 Shifting time horizon to 5 to 10 years gives an edge in investing.
18:07 Terminal value investing focuses on the outsized effect of changes in terminal value on the price
20:45 Intangibles drive the change in terminal value.
23:54 Resilience in business leads to strength and value creation
26:31 Identifying the winner in an emerging industry is easier during the third phase when weak players are shaken out.
29:28 Don't be afraid of mistakes.
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Wisdom at its peak🙏
1. Look on long run.Say above 5Years. Not on price movement.
2.. Don't buy one place. Keep adding when price go up.
3.. Keep Learning and adopt.
4.. Mistakes makes you strengthen.
5.. Company's culture is important in long-run.