Parth Bhatt

I have read 61 books in last 3 years, books across genres from spirituality, evolutionary history,psychology, fiction, business biographies,upskilling. The real fun is not in reading more, but comes from re reading the great ones and applying it in the real life.

@devinamehra @nikunjdalmia Loved this episode

Jiska aapko tha intezaar, woh ghadi aa gayi On my favourite topic: books The best of the best from my lifetime This one is unmissable! With lots of fun and laughter with @nikunjdalmia youtu.be/a9FZrGEZTMA?si… Tagging some of the authors who have brought me so much joy @EdwardOThorp @Itwitius @rupert_russell @cfchabris @subhashchandra @pranjalsharma @richardbranson @BradStone @GhoshAmitav @tjoseph0010 @Atul_Gawande

@EquityInsightss Even India Shelter

Good Results so far (3) #Q4FY26💹 List is very long⏬ - Acutaas Chemicals - Adani Ports - AU Small Finance Bank - Aye Finance - Bajaj Finance - Capital Small Finance Bank - Capri Global Capital - CEAT - Cemindia Project - Chola Finance - City Union Bank - Eco Recycling - Emmvee Photovoltaic - Equitas Small Finance Bank - ESAF Small Finance Bank - Eternal - Fedbank Financial - GRSE - GHCL Textiles - Granules - Greenply - HFCL - Ideaforge - IIFL Finance - Indegene - Jana Small Finance Bank - Jyoti Structures - Kajaria Ceramics - Kirloskar Pneumatic - MAS Financial - Motilal Oswal - Navin Fluorine - Nippon Life - Phoenix Mills - Piramal Finance - PSP Projects - R R Kabel - Railtel - RPG Life Sciences - Schaeffler India - Skipper - Smartworks Coworking - Sterlite Technologies - Supreme Industries - Tamilnad Mercantile Bank - UltraTech Cement - Vedanta - Waaree Energies - Websol Energy Must be on radar

@DEBU_NEOGI Thanks for sharing this valuable lesson

In 1996, I earned ₹8,000/month. In 2026, my stock portfolio is worth ₹80+ crores. But between these two numbers…   I almost went bankrupt. In 1999, I entered the stock market. Not with knowledge.   With tips. Not with savings.   With loans. I borrowed ₹14 lakhs   (3× my annual income)   at 19% interest from 3 banks. I thought I was smart. Then the dot-com crash happened. Markets fell 50–60%.   My portfolio fell 90%+. Those stocks never came back.   They were operator-driven.  I just didn’t know it then. I was 28. Newly married.   One child.   Father retired.   House under construction.  And 3 bank loans at 19%. I was a qualified CA.   And completely broke. That was the loneliest year of my life. That phase gave me one rule I never broke again: Never invest borrowed money in something you cannot independently verify. I stopped taking tips.   I stopped borrowing to invest. I started: * Reading annual reports   * Meeting promoters   * Attending AGMs  27 years later,   banks offer me large credit lines. I haven’t used a single rupee of it for investing. Because the scar of 1999 never left me. And that scar built everything I have today. Your process will always matter more than your outcome. What was your biggest money mistake? Most people want multibagger stocks. I built wealth by avoiding blow-ups.

@AnkitFinAlpha Fauda

Sunday, let’s keep it light. Sharing my best TV show recommendations here , not a single one on this list will disappoint you: 1. Breaking Bad 2. Game of Thrones 3. Dark 4. Better Call Saul 5. True Detective S1 6. The Sopranos 7. Counterpart (underrated) 8. Succession 9. The Americans 10. House of Cards These are must-watch shows. And a few more good ones: Severance, Prison Break, and Stranger Things. What is your favorite ?

@devinamehra I am currently reading Market wizards, although I am not a trader but wanted to understand the psychology of these wizards in my overall understanding of markets and its participants

Since it is my Book Post day, here is what I have been reading this weekend And yeah life is not just about reading investment and finance books...aur bhi bahut kuchh hai janne ke liye What have you been reading? And the hand-painted bookmarks are all my own work 😊

@sanjmooo @tushar9590 He has a really good command on how to put out his thoughts so it seems that he is speaking with a lot of conviction,but he is not correct most of the time, sometimes it feels he just got lucky big time plus he is good at selling not necessarily good ideas.

@tushar9590 People who listen to him many a times would have missed good opportunities. This is not the first time. Don't be kind in your criticism sir. Don't know whether he does intentionally or due to lack of understanding. If its former he is doing great disservice to investor community

No one can get it right in markets. Not you. Not me. Not a seasoned investor. Not a fund manager. Market is above all of us.

@incentivising Is there any book apart from Avinash Dixit on game theory which is relatively easy to read and covers in detail the subject, pls do not suggest Robert Greene

I have seen intelligent people destroy their careers by never learning to play dumb strategically. And game theory explains why: in most high-stakes hierarchies, influence is perceived as a zero-sum game. If you appear "too intelligent," you are perceived as a threat. That locks you out of important networks. Let the others feel superior for a while, and hide your intelligence until deployment.

@Amara_Bengaluru Yes that's true,that's why I have great respect for @BMTheEquityDesk ,he speaks his mind, he is truly enjoying the freedom that wealth provides

Ramdeo Agarwal, Vijay Kedia, Sunil Singhania, Madhusudhan Kela are very accomplished investors in the Indian market. They are sitting on a few thousand crores of net worth. They have seen cycles in the market, ups and downs many a times. Listening to them is great as they share a lot of wisdom. I have huge respect for them and I generally dont miss their talks. Only challenge is, they dont highlight the problems in the economy, problems in the market, problems created due to regressive policies by the government etc. They all play safe. They dont want to be that “Bad cop” who would highlight the problems which may change their image. Retail investors should definitely hear them out, get a lot of learning but must be wise enough to filter when they share a Bull only/India only perspective while situation isnt really suitable.

@incentivising Can you suggest a few books that are easy to understand on the subject of game theory

Game theory is a life-changer. And I don't say this lightly. If you study game theory, you will learn: • what compels people to act (incentives) • how to craft optimal strategies • why cooperation often fails • how the economy works • how politics work • and much more The ROI is unmatched.

@ondrejslunecko He knows that he has the stock picking skill that others don't

Buffett tells you to buy index funds ...but he built his wealth by never touching one

@BuildAndBet @1shankarsharma @TheClubJunto Both

@parthbhatt01 @1shankarsharma @TheClubJunto it’s worth asking whether you’re looking for insight or novelty.

Negative Wealth Effects of a Prolonged Bear Market 1. Housing sales lowest in 18 quarters 2. 2026: Retail lost ₹11 lakh cr in equity wealth 3. Participation: Crash hurts 4X more households today than 2018 4. Housing & Equity: Combined slowdown hits consumer sentiment DATA: Positive vs. Negative Wealth Effect a. When stock portfolios and property values go up, consumers feel confident due to their rising net worth. They take auto loans, home loans, consumer loans, and indulge in high-ticket spending. Animal spirits boom. b. The exact opposite happens when net worth falls. Consumer sentiment gets depressed. There is risk-aversion and future looks insecure. Consumption and investment slows down, creating a negative loop, damaging asset prices further. c. IMF Paper on “Marginal Propensity to Consume” (MPC): 10% fall in asset prices leads to a decline in aggregate consumption of about 1 to 1.4% in the overall economy. Indian Real Estate: Jan-Mar 2026 a. Housing sales fell below 1 lakh units for the first time in 18 quarters (after Covid) with 13% YoY decline. b. New Launches declined 19% YoY, indicating a sharp fall in builder confidence. c. Real Estate contributes 8% to India’s GDP and supports core industries (energy, steel, cement, paint, construction). Core Sector growth in India slowed sharply to 2.3% in Feb 2026, down from 4.7% in Jan. d. Property is the primary collateral for lending by banks and NBFCs. With a continued slowdown in housing, the credit cycle may be affected. Plus, the risk of low quality builder loan defaults rises if the slowdown worsens. When the Music Stops: The Aftermath of Euphoria a. Economic Survey 2025-26: Share of equity in household savings jumped 7.5X from 2% in FY12 to 15% in FY25. Monthly SIP inflows increased 7X from FY17 to FY25. b. Household equity wealth expanded from ₹31 lakh cr in April 2020 to ₹84 lakh cr in Sept 2025, representing an increase of ₹53 lakh cr in just 5 years. c. In 2018, there were 3.1 cr unique registered equity/MF investors in India. This number jumped 4X to 12.2 cr in 2026. So, now when the market crashes, it hurts 4X more households than it would have in 2018. d. On Jan 1, 2026, NSE market cap was ₹479 lakh cr. Retail investors’ share in this market cap was ₹91 lakh cr, including direct investors & MF investors. By Mar 31, 2026 retail investors had lost ₹11 lakh cr, with their market cap down to ₹80 lakh cr (12% decline). e. “Average” retail wealth erosion was 12% in Jan-Mar 2026. But 51% of retail investors are direct investors according to NSE Pulse Report 2026, while 49% are MF investors. Direct investors have a concentration in midcaps and smallcaps, which have suffered much deeper value destruction than “average” 12%. For Investors & Policymakers: Recessionary Risks of a Prolonged Bear Market Falling Asset Prices → Weaker Household Balance Sheets → Lower Bank Collateral Values → Borrowing Capacity Falls → Less Spending & Investment → Economy Weakens → Asset Prices Fall Further ENDQUOTE: “You can't predict the future, but you can prepare for it.” – Howard Marks, Legendary Investor (“The Most Important Thing”) @arabicatrader

@BuildAndBet @1shankarsharma @TheClubJunto Does asking for book recommendations from a veteran investor who has read 100s of books, some of them which are not much popular but well worth the time and effort and is not the same old trope of WB's teaching,does it sound like I am asking for books for entertainment?

@parthbhatt01 @1shankarsharma @TheClubJunto You're looking to read book to learn or get entertained? "wow moment" and "eye opening learning"?

@1shankarsharma @TheClubJunto Thanks, WB's letters are good but after reading a lot of other books on him ,one does not get a wow moment or eye opening learning,was expecting something not very popular since you have read so many of them

@parthbhatt01 @TheClubJunto I have found very few useful, when I look back. Though I read 100s. WB's annual letters were good but I stopped reading them post mid 90s. Key is to make your own style

@1shankarsharma @TheClubJunto @1shankarsharma sir, according to you which are some of the must read books on fundamental analysis one should read,pls suggest lesser known but absolute essential to get a strong grip on stock selection.Thanks in advance

@TheClubJunto How exactly can you prepare for something you can't predict? Meaning: there are 100s of scenarios possible in everybody 's lives. So which ones should we prepare for ( and that too, blindly)?

Honourable @PMOIndia and @FinMinIndia We are losing Foreign Capital of almost $1 Bn a day. Since July 2024, post hike in capital gain tax and STT, we have lost $100 Bn and our markets have become globally unattractive .we need patient risk capital to fund our growth story. It’s undoing the good work done through various reforms. A responsive govt like yours has always taken feedback on taxation - GST, Income tax and given relief. I urge you to reconsider.

@WealthEnrich Time technoplast

💡Decode this Stock: 25%+ Profit Growth, Riding India’s Industrial & Energy Transition, but languishing in a sideways range. India’s manufacturing activity continues to expand steadily, with chemicals, pharma & industrial sectors driving demand. At the same time, energy transition is picking up, with gas distribution, CNG adoption & future hydrogen ecosystem slowly building out. In all of this, storage, handling & transport infrastructure becomes essential. From industrial packaging to gas cylinders, these are basic but critical parts of the system. This is 1 such business quietly positioned across these themes. ⚙️ The company operates across industrial packaging, cylinders, pipes & composite products, with strong presence in domestic markets & global operations in certain segments. Revenue base is already large at around ₹5,800–6,000 crore, with ROCE near 17% & valuations around 18–19x earnings. Not a very expensive business, considering the scale it has already built. Revenue growth has been steady over the years, but profitability can start improving from here as the business mix changes. ⚙️ The story is now moving towards value added products. These already contribute around 30% of revenue, with a target of reaching ~35% over the next couple of years. This is important because standard products operate at around 12–13% margins, while value added & composite products can deliver ~17–18% margins. Even a gradual shift here can improve overall profitability meaningfully. ⚙️ The company is also building presence in composite cylinders & specialty products like CNG cascades, LPG composite cylinders, hydrogen storage & industrial gas cylinders. This segment is already growing at ~20%+, with guidance of 25–30% growth, supported by gas distribution, clean energy & industrial demand. ⚙️ Another important factor is the balance sheet. Debt has come down sharply from ₹600+ crore levels to around ₹250 crore, with visibility of becoming close to debt free. Lower finance cost directly supports profit growth, improves cash flows & strengthens return ratios over time. ⚙️ Multiple tailwinds are working together here. Manufacturing growth supports packaging demand, energy transition supports composites, China+1 supports exports, & recycling can open up a new opportunity over time. ⚠️ This is still an industrial business, so growth will not be perfectly linear & demand can be linked to broader economic activity. ROE is still moderate, & the market may continue seeing it as a traditional business for some time. ⚠️ Execution in composites & new segments remains important, & commodity price fluctuations can impact margins. ⚠️ Valuations are not very cheap, but not expensive either, which means returns will depend on how well the transition plays out. 👉 Meri Conclusive Soch: This is a unique business that seems to be moving towards a better quality phase. What makes it interesting is the combination of strong base business, improving product mix & reducing debt coming together at the same time. If execution remains steady & the mix keeps improving, the business can look quite different over the next few years. This is a business currently in a transition phase… and if things play out well, it can gradually improve over time. Agar aap industrial space track karte ho, samajh aa gaya hoga kaunsa stock hai. Comment karke batao, let’s see kitne log sahi guess karte hain 👇

@arabicatrader These are all stocks that were served with ☕ coffee,got canned/conned. If you know, you know.

Please understand

@InvestmentBook1 Kaun hai yeh log aur kahan se aate hai

Bro predicted a blockbuster, delivered a disaster 🤣

@ayushmarda07 Which tab is this?

Change in work environment is what you need some times Was bored sitting at home Jumped and come Into third wave for a coffee Working from same place always is boring

@1shankarsharma @RakJhun 😉😊

@RakJhun That's a very nice timeframe. Though I think 15-28 years would be even better. And if you can think for 36-67 years, you will become a billionaire

Abakkus MF says Market is at compelling entry point for investors with minimum 5-10-year horizon. Underlying economic environment is improving which will lead to sustained earnings recovery of 8–10% growth. Also, anxiety about AI is overstated. Sell-off has created opportunities