www.mfp.co.in

The Infant Learner

Some stuff I read this week:

A. Market Research

MFP Market Report Card (MFP)
MFP Annual Letter to Investors 2025 (MFP)
Latest Economic Trends, Data Points & Insights from DSP Netra (DSP)

B. Entrepreneurial Diary

Outsized Returns (AI)
What A World (A few Stories) (CF)
Creating an Anti-Vision (HI)
A Few Lessons on Showing Up (MT)
AI is Polytheistic, Not Monotheistic (BJ)

C. Have Equity Markets Spoiled Us in The Last 5 Years?

Have Equity Markets Spoiled us in The Last 5 Years? (AR)
FIIs Are Exiting While Retail Investors Stay Put. Will a Costly Market Make Them Pay? (AS)
How India created a Generation of Brainwashed Investors. And The Macro Disaster This Has Created (MC)

D. Personal Finance

Not One Step Back (TS)
Why Base Rate Matters (VR)
Iron Laws of the Stock Market (CS)
Money Gives You the Permission to Fail (MT)
Don’t Chase Financial Freedom with Misery (JI)
Safety Before SIF: Don’t Rush into This PMS Alternative (SI)

E. Other Articles

Dear Regret (SN)
Cash Holdings (MS)
Tail Risk Hedging (MS)(RK)(AA)
General Insurance (PPFAS)
How Much Is A Business Really Worth? (ZI)
The Real Tax Terrorism Is In India’s Stock Markets (BW)
Copycats, Leverage, and the Downfall of Investment Trusts (NI)
Understanding ROE and P/B Relationship: The Math Behind Stock Valuation (GR) (AK)

“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger

You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”-  Carol Dweck