Decoding The Legends Rohit Chavan

Hello ladies and gentlemen. Welcome to Decoding The Legends Podcast.  In this episode, I am going to explain some of the key investment principles given by Warren Buffet for common investors like you and me. Pay close attention to these principles and in fact, you may consider listening to this particular episode once a month to reinforce these points firmly in your mind. So, with that intro, let's begin. 

Thank you so much for listening to my podcast. If you enjoyed this episode and found it useful, please consider leaving a rating and if possible a short review on Apple Podcasts or any other streaming medium you are currently using. It will probably take you less than 60 seconds, but it will enable us to bring more amazing people like you to this show. More audience will also help me convince valuable guests to appear on our podcast.  And that, in turn, will help you to get more quality content.

This episode is brought to you by the 'Expert Curator' newsletter where I share 3-5 best articles and videos on broad topics ranging from investing, start-ups, lives of great people, technology, and practically useful how-to guides. You may go to www.rohitchavan.com and subscribe to my newsletter.

With that, thank you one more time, and see you soon in the next episode.

In this episode, we are going to talk about how Warren Buffett looks at gold and other non-productive assets. By the title of the episode itself, you must have figured that out already but let’s see his reasons for why he thinks these are not great investment options. We spoke about the other one, Currency based investments, in the previous topic and if you haven’t listened to it, check that out.

Last but not the least, thank you for listening to the Decoding The Legends. If you enjoyed this podcast and found it useful, would you please consider leaving a rating and a short review on Apple Podcasts or any other medium that you are currently using? It will take less than 60 seconds but it will enable me to connect with more amazing people like you. And it will also help convince the valuable guest to appear on our podcast and I will be able to deliver more quality content to you guys.

You may also consider Signing up for my 'Expert Curator' newsletter where I share 3-5 well-curated and best articles/videos on broad topics ranging from investing, start-ups, lives of great people, technology, and various how-to guides. 

In his 2011 letter to shareholders, Warren Buffett explained three choices for common investors and what investment choice he thinks to be the best for most of the investors, which includes you and me. The first one among these is currency-based investments. You can listen to his valuable advice here and avoid making serious investment mistakes. I have modified the text to make it simpler without losing the context. Enjoy. 

Last but not the least, thank you so much for listening to the Decoding The Legends. If you enjoyed this podcast and found it useful, would you please consider leaving a rating and a short review on Apple Podcasts or any other medium that you are currently using? It will take less than 60 seconds but it will enable me to connect with more amazing people like you. And it will also help convince the valuable guest to appear on our podcast and I will be able to deliver more quality content to you guys.

You may also consider Signing up for my 'Expert Curator' newsletter where I share 3-5 well-curated and best articles/videos on broad topics ranging from investing, start-ups, lives of great people, technology, and various how-to guides.

Hii guys. This is Rohit and I welcome you all to my new Podcast - Decoding the Legends. Here, we peek into the lives of the legends of the world and get inspired. So without any further ado, let’s just jump onto the second part of our Elon Musk series. If you want to read this out, you may get a transcript at 

https://rohitchavan.com

If you would like to know more about other high achievers and world changers, do let me know in the comments and I will bring their inspiring stories for you to enjoy.  

This is the first part of Elon Musk's inspiring story. Hope you guys enjoy it. If you want the transcript version you may get it here

https://rohitchavan.com/elon-musk-early-life/

So, in the earlier part of we spoke about the circle of competence and we also looked at how to use various screeners to narrow down the list of the stocks for further research. Now, these are two important concepts because, understand, that there are around 2,800 companies listed in the Indian stock markets. If you belong to the US market, then there will be around 27,000 companies listed. So, it's humanly impossible to research every company. So by using a circle of competence concept and ways to screen stocks, you will bring that huge list to a more manageable number. Now let’s say that you have identified around 10 industries that you would like to do further research and let’s say that in every industry there are around 10 to 12 companies. Then, that still will leave you with around 100 and 120 companies. Now the problem in front of you is how to know which company is good and which company is bad. In this lesson, that is what we are going to talk about. We are going to talk about how to segregate businesses from gruesome to great. So listen on. Happy investing.