Investing by the Books
#34 Vishal Khandelwal: The Sketchbook of Wisdom
Oct 31, 2022
Vishal Khandelwal, author and former equity analyst, discusses his book 'The Sketchbook of Wisdom' and the lessons it offers. Topics covered include habits for shutting out noise, thoughts on re-reading books, and the philosophy of Ikigai. They also explore prerequisites for becoming a full-time investor, dealing with bear markets, and portfolio allocation. Additionally, they touch on Vishal's latest investing mistake and habits for shutting out noise.
01:16:20
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Quick takeaways
- Becoming a full-time investor requires prerequisites such as testing oneself, no financial liabilities, mental aptitude, and support from loved ones.
- Pursuing financial independence involves balancing frugality, delayed gratification, and understanding one's financial goals.
Deep dives
Becoming a Full-Time Investor
To become a full-time investor, several prerequisites need to be considered. First, it is advised not to rush into full-time investing but rather test oneself as an investor by managing money for a period of time. Second, having no financial liabilities is crucial to avoid additional stress and risk. Third, the mental aptitude to thrive as a loner in the investment process is essential, as investing can be a solitary activity. Lastly, having complete support from family and loved ones is crucial for success in full-time investing.
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