One way to become frugal is to ask yourself what gives you true happiness from within and not through the eyes of others. Citing my own example, my greatest joy comes from playing cricket and squash, reading books and trekking in the mountains. I don't compromise on quality of sports gear including shoes, books etc. But, I spend bare minimum on car, clothes and all else which does not give me joy. These are just basic utility items for a reasonable lifestyle. That is the way to minimise wasteful spending
@@hirendesai5724 Nice! You probably have - but try checking following books - world around me is not same after reading them. - Seeking Wisdom Peter Bevelin - Art of thinking clearly by Rolf Dobelli - The Art of the Good Life by Rolf Dobelli - The Manual: A Philosopher's Guide to Life by Epictetus, Sam Torode (Sam has done good work with translation) - Antifragile by Taleb - The Psychology of Money Morgan Housel - Naval Almanack - Influence Robert Cialdini - Predictably Irrational Dan Ariely - Tao of Charlie Munger (it might not seem like it. But powerful concepts packed in 1 page chapters)
At 11:50 reminded me of The Mahabharta when the Pandavas visit the enchanted pool and the Yaksha asks Yudhisthira questions. These are called 'Yaksha ke Prashn' ‘What is the greatest wonder?’ the Yaksha asks Yudhisthir replies, ‘Day after day countless people die. Yet the living wish to live forever.’
It always great to hear Sanjay Sir, had been his student in MDI in 2002 and his was the course for which students of other specialisation enrolled. He is truly a great life and investing master. Thank you Vishal to bring him on your show and asking him relevant and wonderful practical questions. Really grateful to you 🙏
Coming from a rich culture like we have here in India, a Major take away is the "Old Wine in New Bottle" which resonates with the "Lindy effect". The way he challenges ideas, his and his mentors is something which is possible only through detachment. He just redefined "detachment" which was a Knot in my thought process whenever I tried to understand Gita and the Upanishad. Thank you Vishal for the talks.
Contemplation: Michael Thorpe mentioned two habits of the great: 1. showing up for practice under all conditions 2. running simulations in the mind - this matches with the idea of contemplation
One thing I found most of the people who made it big in Indian stock market are spiritually influenced people. Control of emotion might be the reason. Loving it bro ❤️
Another beautiful Gem from Vishal. Life long Learning’s. The why and purpose of life & investing - so beautifully discussed with Prof. Bakshi. 👍👏🏻👏🏻👏🏻👏🏻
Wonderful episode. Learned many lessions on how to live from Professor. I have been listening other episodes and found them full of wisdom. Thank you Vishal for doing this 🙏🙏
In Indian context, one set of businesses which generates good returns on capital and redeploy that at the same rate of return are lenders like HDFC Bank, Kotak Mahindra Bank etc. Have you observed that in any other sectors? I can see lots of sectors generating good ROE and ROCE, but investment opportunities are not structurally present
Just to play a prank, Prof Bakshi should have said atleast once, Stupid Question! Seems Vishal you were not paying attention in my class when this topic was discussed!
One way to become frugal is to ask yourself what gives you true happiness from within and not through the eyes of others. Citing my own example, my greatest joy comes from playing cricket and squash, reading books and trekking in the mountains. I don't compromise on quality of sports gear including shoes, books etc. But, I spend bare minimum on car, clothes and all else which does not give me joy. These are just basic utility items for a reasonable lifestyle. That is the way to minimise wasteful spending
tejas?
Hi Hiten. I fully agree with your thoughts. Best wishes.
So true. I do the same.
@@krunalmodi Yes
@@hirendesai5724 Nice!
You probably have - but try checking following books - world around me is not same after reading them.
- Seeking Wisdom Peter Bevelin
- Art of thinking clearly by Rolf Dobelli
- The Art of the Good Life by Rolf Dobelli
- The Manual: A Philosopher's Guide to Life by Epictetus, Sam Torode (Sam has done good work with translation)
- Antifragile by Taleb
- The Psychology of Money Morgan Housel
- Naval Almanack
- Influence Robert Cialdini
- Predictably Irrational Dan Ariely
- Tao of Charlie Munger (it might not seem like it. But powerful concepts packed in 1 page chapters)
At 11:50 reminded me of The Mahabharta when the Pandavas visit the enchanted pool and the Yaksha asks Yudhisthira questions. These are called 'Yaksha ke Prashn'
‘What is the greatest wonder?’ the Yaksha asks
Yudhisthir replies, ‘Day after day countless people die. Yet the living wish to live forever.’
It always great to hear Sanjay Sir, had been his student in MDI in 2002 and his was the course for which students of other specialisation enrolled. He is truly a great life and investing master. Thank you Vishal to bring him on your show and asking him relevant and wonderful practical questions. Really grateful to you 🙏
@Vishal khandelwal✪︎︎ spammer!
Coming from a rich culture like we have here in India, a Major take away is the "Old Wine in New Bottle" which resonates with the "Lindy effect". The way he challenges ideas, his and his mentors is something which is possible only through detachment. He just redefined "detachment" which was a Knot in my thought process whenever I tried to understand Gita and the Upanishad.
Thank you Vishal for the talks.
@Vishal khandelwal✪︎︎ Thank you, but you are not Vishal.
Timeless wisdom from the great teacher.
Contemplation: Michael Thorpe mentioned two habits of the great: 1. showing up for practice under all conditions 2. running simulations in the mind - this matches with the idea of contemplation
Always enjoyed Sanjay Bakshi`s talks..
It's been so many years and is still always a pleasure hearing prof bakshi
Excellent ❤️
Sanjay Bhaksi and Vishal sir are amazing
You guys are big wisdom power source. It's always insightful to hear from you guys.
Thanks for this valuable interview with gems 💎 pls bring Asish Kacholia sir 🙏on his investment style.......🇮🇳
So beautiful to learn how to live from the true gurus...
amazing content. thank you
One thing I found most of the people who made it big in Indian stock market are spiritually influenced people. Control of emotion might be the reason. Loving it bro ❤️
Wonderful questions and answers. Thanks very much for enlightening us.
Another beautiful Gem from Vishal. Life long Learning’s. The why and purpose of life & investing - so beautifully discussed with Prof. Bakshi. 👍👏🏻👏🏻👏🏻👏🏻
Wonderful episode. Learned many lessions on how to live from Professor. I have been listening other episodes and found them full of wisdom. Thank you Vishal for doing this
🙏🙏
Very insightful conversation 👍
🙏 Jai ho & thank you Vishal for your valuable efforts everytime, to keep all of us enlightened and serving motivation to climb yet another mountain. 🙏
Great wisdom! 🙂👍🏻
Some of the best content on Internet today .. I hope the premium quality continues
@Vishal khandelwal✪︎︎ 🥰🥰👍👍 Keeping fingers crossed
Wow! Enjoyed listening to both
Yes, we live thru multiple periods of extreme uncertainties and mostly those periods are created out of our own choices…🙏
1:21:30 well said
Great. Thanks and regards for you both 😊🙏
Good video very many good things learnt from the interview by an intelligent personality like Prof Bakshi .
Byomkesh Bakshi style of investing.
Finally! Been waiting for this episode for soo long.
Plzz make video in Hindi So that more people can understand. Thanks a lot sir
Thanks for this initiative.
Also bring in Neeraj Marathe to your show please 🙏
Could I please get the link to that opportunity cost essay recommendation in the talk. Thanks.
👍👍👍
Sir, plz upload the interview in parts per question basis...
For me delayed gratification, most of the time, turned as my over expectation. How to differentiate if i am delaying gratification or becoming greedy.
Vishal, is there something you can do to make closed captions possible on this and your other videos? Thank you. :)
Time Stamps ?
What is the name of the book mentioned written by author sharon? Thank you in advance
❤👏👏🙏🙏
Principal of good enough!!
Whats the Twitter handle mentioned @3:58? I couldn't find it
Foundit @TheAncientSage
@04:00
Loved this conversation !
hi VIshal , its a request please dont monetize to early ,Gain subscriber first. advertisement has ruined this video.
In Indian context, one set of businesses which generates good returns on capital and redeploy that at the same rate of return are lenders like HDFC Bank, Kotak Mahindra Bank etc. Have you observed that in any other sectors? I can see lots of sectors generating good ROE and ROCE, but investment opportunities are not structurally present
@Vishal khandelwal✪︎︎ Where do I text you?
@@hirendesai5724 this is not Vishal..Spammer!!
That lending anecdote looked like a stock pitch to go long on Uday Kotak (at around 50mins mark)
Can anyone share twitter handle link said by sir
The ancient sage
What a coincidence Warren Buffet also ran away from home in his childhood :)
Beautiful intro music
Sir,
Communication in Hindi ?
Too heavy talk to understand...Tested patience
if u want to learn sleep go to farmer they will teach u ...n learn frm them..how to be happy with very less resources..
Just to play a prank, Prof Bakshi should have said atleast once, Stupid Question! Seems Vishal you were not paying attention in my class when this topic was discussed!
Why everyone invester is want to find salvation in religion text