Jitendra Kumar Gupta's blog

Hi everyone, ​I am thrilled to share that my book, "Charlie Munger’s 9 Tools," is officially launching today! 🚀 ​As many of you know, I have spent the last few months distilling the mental models of one of the greatest thinkers of our time into this practical guide. This isn't just a book for me; it’s a mission. 100% of the proceeds from this book will go directly to our local charity initiatives. ​Get your copy here Order On Flipkart:  https://shorturl.at/RM4Ck Order On Amazon:  https://shorturl.at/1uYNU Buy Directly (use below link) https://shorturl.at/z261y Call me for discounts and bulk orders.  Why read this book? * Learn 9 powerful thinking tools inspired by Charlie Munger * Apply practical checklists to improve decisions and reduce biases * 100% proceeds go to charity—learn while giving back * Essential guide for value investors and disciplined leaders * Insights from market veterans Vijay Kedia and Chetan Parikh * A meaningful gift for aspiring investors and prof...

S ome videos you watch for information; others you study for transformation. Last Sunday, I just finished a deep dive into the recent discussion between Sonia Shenoy and Manish Chokhani, ( Video Link ) and the insights were so profound I had to pause the video every few minutes to take notes. What emerged is a 15-point framework that I am adopting for my own self-learning journey. I. The Strategy of Markets & Scaling The Scale Moat (IP & Tech): To truly win and scale, you must invest in Intellectual Property, Technology, and Products. If you only sell your time or labor without these, you will always remain "average" in a world that rewards world-class efficiency. The Owner’s Mindset: Successful investing isn't about "trading" symbols; it's about thinking like an owner. If you wouldn't own the entire business yourself, you shouldn't own a single share. Fundamental Certainty: High-conviction investing requires clarity. If a business model or...

I   buy a dish of ice cream for ten rupees and am perfectly content with it. Then the waiter announces that ice cream is sold out for the day and none will be available anymore. Suddenly, my ordinary ice cream turns into a scarce commodity. You offer me twelve rupees for it, but Ashok—who was planning to order ice cream himself—quickly raises the bid to fifteen rupees. You, being slightly conservative by nature and unable to resist a neat profit, sell the ice cream to Ashok. Ashok then talks up the ice cream so enthusiastically that I begin to feel I sold too early. Convinced I made a mistake, I buy the same ice cream back for twenty rupees. Then I look down—the ice cream has melted. This is the classic investing trap driven by greed, scarcity, and FOMO—and silver investors often fall straight into it. Silver shines when supply narratives, inflation fears, or global uncertainty peak, but it lacks a compounding engine. Prices rise on excitement, not endurance. By the time most...

In the Paradox of Buridan's Ass: A donkey placed precisely midway between a stack of hay and a pail of water dies of both hunger and thirst because it cannot make a rational decision to choose one over the other.   In investing, "analysis paralysis" often leads to missed opportunities. A "good enough" decision executed in time (like buying a quality stock at a fair price) is infinitely better than a "perfect" decision made too late. This paradox is the investor's ultimate trap. We endlessly scrutinize balance sheets, read every analyst report, and wait for the "perfect" market pullback that never comes. While we chase the mirage of absolute certainty, the market moves on. The hay (growth) gets eaten by others, and the water (value) evaporates.    Benjamin Graham, the father of value investing, taught that "the investor’s chief problem—and even his worst enemy—is likely to be himself." Graham didn't advocate for the ...

Last Sunday, I did a deep dive into an important concept called Invest-con , introduced by Howard Marks. It’s a crucial idea that can help you navigate market cycles more effectively. Below are my notes on what I read, studied, and found particularly interesting.  Howard Marks uses the term "INVEST-CON" in his investment philosophy to describe different levels of investment readiness, inspired by the Pentagon's DEF-CON system for military alertness. In his recent memos (especially "The Calculus of Value"), Marks laid out a 6-stage "INVEST-CON" hierarchy for navigating overheated markets and extreme valuations.             The Six Stages of INVEST-CON 1. Go Short: This is the most aggressive and risky stage, where an investor actively bets against the market by short-selling assets. Marks considers this a near-impossible stage to implement with any certainty, as it requires the conviction that a market downturn is imminent.   2. Eliminate All Hold...

  S tudy before you invest. Research a company's fundamentals and business model. A well-researched investment is a conviction, while a hunch is a gamble. H ave a long-term perspective. True wealth is built over many years, not days. Focus on compounding, not daily market swings. R emember risk and reward are tied. Higher returns come with greater risk. Invest within your personal risk tolerance. E xpect volatility. Market fluctuations are normal. View downturns as opportunities to buy, not reasons to panic sell. E xamine your own biases. Be aware of how emotions and cognitive biases can sabotage your rational decisions. G rasp the power of compounding. Start early and stay consistent. Compounding allows your money to grow exponentially over time. A lways diversify your portfolio. Spread investments across different sectors and asset classes to protect against severe losses. N avigate the cycles of the market. Understand that markets have booms and busts. Use this knowledge to your...