Mool Nivesh

  Hi,  in the second installment of this series,  w e will explore Charlie Munger's philosophy on self-improvement and personal growth. Charlie Munger, who serves as Warren Buffett's right-hand man, is well known for his wisdom and intellect. One of his most significant contributions to the subject of personal development and self-improvement is his four filters, which are meant to help people make better decisions and improve themselves. Due to the fact that they serve as a framework for self-evaluation and improvement, Charlie Munger refers to them as filters. Filtering out negative behaviors, thoughts, and attitudes while allowing positive ones to enter the mind can be done through forming good habits, avoiding being foolish, eliminating ignorance, and raising intellect. Let's take a closer look at each of them. Creating Good Habits is the first filter for improving oneself. Anyone who wants to become a better person must develop good habits. Our lives are buil...

You've all heard of the Four Filters used by Charlie Munger, one of the most well-known investors, to make investment decisions. However, Charlie Munger has also discussed four filters or ways of thinking that are connected to self-improvement and decision-making. Let's examine the filters and see how we may use them in our daily lives to improve our ability to think critically and solve problems. The first part of this article series delves into Charlie Munger's recommended filters for personal development, aimed at enhancing our decision-making abilities. Understanding the Fundamental truths of the world is Charlie Munger's first filter for making wiser choices. This entails having a thorough understanding of the basic concepts and ideas governing how things are and using that understanding for informed decision-making. "The more basic knowledge you have, the less new knowledge you have to get." – Charlie Munger It is crucial to building a broad an...

  A fantastic approach for creating long-term wealth is through mutual fund investing, but not all mutual funds are made equal. Mutual funds can be divided into two categories ; active funds and index funds. While active funds are managed by experts who try to outperform the market by picking specific stocks and timing the market, index funds are passively managed funds that follow a certain market index, such as the BSE Sensex. While each style of the fund has advantages and disadvantages, index funds generally beat active funds over the long term , according to recent studies and historical data. This is mostly a result of index funds' lower expenses and passive management approach, which leads to less trading and more long-term holding. As a result, index funds are a preferred investment choice among those wishing to use a reliable and profitable strategy for building wealth over the long term. Why Active Funds Struggle to Outperform Index Funds Over the Long Term? Th...

Once upon a time, India had a sizable informal or unorganized sector that was responsible for a significant chunk of the nation's economic activities. Small enterprises and self-employed individuals often operated outside the purview of formal taxation and labor laws in a decentralized and mostly unregulated environment. Yet, there has been a discernible trend in India over the last few decades toward the organized sector. The shift towards the organized sector is driven by several factors, including increasing government regulations and enforcement, rising consumer demand for higher-quality products and services, a growing recognition of the benefits of formal employment and labor protections, and technological advancements. The changing face of business in India While there is still a significant amount of economic activity that takes place in the unorganized sector, particularly in India, the trend towards greater formalization and regulation is expected to continue in the years...