Risk should be seen as Volatility in Earnings rather than price.

People say patience is a virtue in stock market, but patience doesn’t come by mere experience in market. Patience comes with Conviction and conviction comes with business understanding. Business Understanding is a virtue

The notion of Large Cap equals safety is false. Risk is more relevant to Nature of Business than size of business

Small caps is more about “Growing Within the Market” rather than “Growing with the market”

Invest for Long Term. With time, wealth and wisdom both compounds

The notion of Large Cap equals safety is false. Risk is more relevant to Nature of Business than size of business

Focus on businesses where Market Opportunity is Large & The business have Sustainable Competitive Advantage to defend its above average RoCE over a longer period

Some average on the way up. Some average on the way down. If the business is good, it actually doesn’t matter. You can Average on Way Up and Way Down Both.

Majority become long term investor after the stock goes down below their buying price. If it goes up, they become smart traders bragging about smart returns in short time. Change the Habit. Cut the weeds and water the flowers else you will end up accumulating garbage in the portfolio.