6. Incentives, promoters, and the bikini balance sheet
Learn how incentives shape business decisions, influence financial transparency, and understand the impact of pledged promoters and charismatic leaders.
Day: October 9, 2026
5. Invert, always invert
Learn how inversion, a strategy by Charlie Munger, helps in identifying business risks and making informed investment decisions.
4. The circle of competence, and the doctor’s edge
Learn how doctors can leverage their unique insights into human behavior and incentives for smarter investing within their circle of competence.
3. First principles, not a formula
Learn first principles thinking in business and investing, focusing on core mechanisms over formulas, as explained by Rakesh Jhunjhunwala.
2. Elementary worldly wisdom, with the windows open
Learn how multiple mental models enhance investment decisions, avoiding risks of single perspectives. Explore key models like feedback loops and base rates.
1. The empty chair
Learn Rakesh Jhunjhunwala's take on Charlie Munger's investment principles, adapted for India, emphasizing restraint and understanding market dynamics.
How to read a book that argues with you
Learn to critically assess business opportunities using books that challenge your views. Ideal for investors seeking to understand potential failures.
Why this conversation, and why now
Learn about value investing inspired by Rakesh Jhunjhunwala and Charlie Munger, tailored for Indian investors facing unique market challenges.
A necessary note before the first chair is pulled out
Explore a fictional dialogue blending Charlie Munger's ideas with Rakesh Jhunjhunwala's perspective, featuring investment insights and medical analogies.