Financial shenanigans summary
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Anil Goel, 66, is a deep-value investor. He buys substantial stakes in well-managed, basic businesses when they are out of favour and are available at very cheap valuations. He deployed his investment philosophy of KCPLTD- Knowledge, conviction, patience, luck, and timely deployment. Key Learnings from Masterclass with Super-investors- Anil Goel are as follows: Avoiding Crash Never buy a business that you don't understand. Investment Philosophy The key is to understand the business and understand the management. Don't invest in a company with poor management. Should have deep knowledge of the business. Once one has deep knowledge, develop conviction in one's assessment. Then one needs to have patience for the market to properly value your stock. you need to have luck, and the price comes down to your buy price, buy the stock. And you should have the nerve to timely deploy when the prices come down. Bottom of the Cycle and cyclicity In the steel business, prices were down...
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