The One Percent Show with Vishal Khandelwal

Ep. 28 – Swanand Kelkar on the Purpose of Life, Dealing with Boring Nothingness, and Playing the Long Game

Oct 6, 2023

Swanand Kelkar, Managing Partner at Breakout Capital, discusses the importance of playing the long game in life and investing, exploring the relationship between money and happiness, challenges of practicing something consistently, and the insufficiency of the education system. They also explore the future and challenges of India, reevaluating received wisdom, and offer advice for young investors.

01:52:14

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Episode guests

Swanand Kelkar

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Episode notes

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Quick takeaways

Minimizing desires leads to lasting happiness, even in financial aspirations.

Taking a sabbatical can provide the opportunity to explore personal interests while maintaining financial stability.

Playing the long game requires understanding that it consists of routine and boredom, but finding joy in the journey and not measuring progress too frequently is key.

Outbehaving others is the sustainable edge in investing, focusing on emotional control and disciplined strategies.

Deep dives

The Importance of Minimizing What You Want

Happiness is defined as what you have divided by what you want. Minimizing what you want is the key to lasting happiness rather than constantly pursuing more. This concept applies to various aspects of life, including financial aspirations.

Introduction

4min

Introduction and Background

1min

Exploring Childhood Freedom and Curiosity

6min

Lessons from Buying an Expensive Washing Machine

18min

Exploring Life Beyond Career

14min

Exploring the Paradox of Action and Randomness

4min

Exploring the Relationship Between Money and Happiness and its Connection with Investing

5min

Playing the Long Game

12min

India's Future and Challenges

10min

10.

Reevaluating Received Wisdom and the Idea of Respect for Elders

3min

11.

The Insufficiency of the Education System

18min

12.

Advice for Young Investors

16min

I talk to Swanand Kelkar, Managing Partner at Breakout Capital. In this episode, Swanand talks about his sabbatical experiences, importance of playing the long game in life and investing, meditation, and much more.

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