Sadhana Series - Introduction
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Hello Dear Reader,
Today we will start a series of newsletters on Sadhana.
Sadhana is a disciplined surrendering of the ego. Sadhana is also done for attaining detachment from worldly things. It is practiced with awareness, discipline and the intention of spiritual growth. Discipline is arguably the most important facet of sadhana.
Sadhana encourages the practitioner, to use self-discipline in order to achieve power over the ego.
When formulating your own sadhana, it is important to choose practices that work for you, in order to provide the best conditions for you to stay committed with ease. It may be useful to vary the practices used for sadhana from time to time, so as to keep the practice from becoming an automated or obligatory routine.
So why are we talking about Sadhana on a finance blog? Through this series of newsletters, we will try to look inside the mind of some of the greatest investors of our time and learn from their investment process and thesis. This series will not be investor interviews but my take on their their investment journey.
So why have we named this series as Sadhana?
Discipline is arguably the most important facet of developing your own investment process and thesis. When developing our own investment thesis, it is important to choose practices that work for us and we understand, so that we stay committed to them. It may be useful to vary the current practices from time to time, so as to keep the practice from becoming an automated or obligatory routine.
;-)
I have come to realize that if you are a market participant, you are in a way doing your very own Sadhana while investing in direct equities.
In our first newsletter, we talked about developing a mindset. We touched upon how at times it becomes difficult for us to be an active investor and how being a passive investor, we can try to double our money every ~5 years.
In our second newsletter, we elaborated on this and touched upon how one can while staying away from all noise for 3-5 years try to develop his/her own investment process & thesis.
If you are a market participant, it is inevitable that you will hear the following at sometime or the other during a year:
“The expert who predicted the last market crash is predicting the next one”
“Analysts who predicted 2008 crisis are saying the market crash warn of another one”
“Famed investor predicts historic market drop”
“Famed investor buying into this stock, you should too”
“This is the best stock/sector to buy at this time”
“Do not put your money in this stock/sector”
“Only fools would invest here”
What would you do in such a scenario?
Would you take out your funds and move them to fixed income instruments, and wait for a crash? or would you follow your gut?
Through our series of Sadhana newsletters, we will try to find out the answer to these questions.
We will also try to develop an investment process and thesis which is our very own and at the end of the series try to summarize all that we have learnt.
To start off our Sadhana Series, we will look the investing journey of Mr. Ramesh Damani and try to draw some learnings from it. I am working hard on compiling that newsletter and and do hope you like it. It will be a Premium Newsletter which will be released end of this week.
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Rgds,
Ayush Agrawal
For any queries or feedback, do get in touch with me on valueinvestorayush@gmail.com
Disclaimer: The author of this publication is not a SEBI Registered Advisor or Analyst. The information on the company and its promotor mentioned in this newsletter is provided for information purposes only. It does not constitute an offer, recommendation, or any investment advice to any person nor does it constitute any prediction of likely future movements in the company’s stock prices or business performance. It should not be used as a basis for any investment decisions or as a proposition to buy or sell any securities. Please seek advice from a registered financial advisor and do your own due diligence before making any investment decisions.