Economic Times Column on Metaphors and Analogies

After a gap of almost exactly 23 years, I was invited by ET to start writing a column for the paper. 

Here is the first one: http://bit.ly/2vJQUQ6

Any suggestions about what I should write about in future columns will be welcome. I won’t write about any specific company or stock, however.

Thanks,

Sanjay Bakshi

8 August 2017

10 thoughts on “Economic Times Column on Metaphors and Analogies

  1. Balakrishna Adiga says:

    Dear Professor

    I enjoyed reading the first one yesterday. Liked it a lot. Thank you so much

    Balakrishna Adiga Bangalore 560085

    On Tue, Aug 8, 2017 at 10:44 AM, Fundoo Professor wrote:

    > fundooprofessor posted: “After a gap of almost exactly 23 years, I was > invited by ET to start writing a column for the paper. Here is the first > one: http://bit.ly/2vJQUQ6 Any suggestions about what I should write > about in future columns will be welcome. I won’t write abou” >

  2. Good. Yes, practical way of teaching to do away myths and misconceptions in our life. Even if we succeed in doing away with our myths, misconceptions, wrong assumptions, etc., we will be much better off.
    Let all the posts be shared on this blog also for the benefit of your readers and admirers.

  3. Dr. Vinayak Karun says:

    in 2008 and 2013 when market was going down there were some companies whose stock prices were going up. can u throw some light on that thing

  4. Dear Sir

    You could throw some light on why you dont regard the often used PE ratio as good valuation tool ( even if you use normalized earnings )

    With Regards
    Bheeshma

  5. vsarda says:

    I believe the concept of Munger’s “mental models” and / or Howard Marks’ “second level thinking” would interest vast majority of readers as most wouldn’t have come across them.

  6. Really enjoyed reading the first column.

    One topic I would like to suggest for future columns is “Intelligent Fanatics”. I remember reading an article about India’s Intelligent Fanatics by you.

    Some areas to include would be what qualifies someone to be both intelligent and a fanatic?How to identify an intelligent fanatic business leader from the point of view of investing? And How to compare two or more intelligent fanatics?

  7. Excellent article!

    Whenever you write in the ET, please do post a link on your blog as well.
    Thank you.

  8. Barath Mukhi says:

    Hi Prof. Here’s my list

    1. It would be great if you could explain the difference between Joel Greenblatt style of investing where one pays lower multiples for high quality companies vs Paying up for quality where one pays slightly higher multiples compared to the magic formula style.

    2. Why do you consider buybacks as zero sum games?

    3. Apart from expected returns and debt capacity bargain framework, do you use any other valuation techniques?

    4. Do you find it easy to use the Bayesian framework to analyze new facts and data points related to stocks that you already hold in your portfolio?

    5. Is it worthwhile trying to use a systematic withdrawal plan approach in order to avoid losses in a potential future bear market?

  9. indrayan410 says:

    Hello Mr. Bakshi,

    1) I would like to read about your thoughts on how you value companies. I know you do not want to be stock-specific but it would be great if you could provide examples of some back-of-the-envelope calculations using fictional companies.

    2) Your views on spotting and assessing economic moats (including reinvestment moats)

    Thanks,
    Indrayan Ghosh

  10. kklucky says:

    Dear Sir,

    It would be interesting to know your thoughts on why the “value investing” approach continues to work across markets and cycles. Is it possible that the term has been defined tautologically (and likely that’s why it’s not an easy game in practice)?

    Thanks
    Lucky

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