I attended a couple of interesting meets, consisting of a number of value investors, over at Delhi. They were two separate groups - "Perfect Research" and "InvestmentSuperGrowth" which met, but there seemed to be a significant overlap.
Note: I am a beginner at this "value" investor concept.
Let's get to the interesting stuff.
First, a presentation by Sanjay Bakshi, a famous value investor and Professor at MDI Gurgaon. He spoke about a few mental habits to get killed in the stock market. He's a value person so he abhors trading; there was a time when I would find that view silly because it ignores the excellent returns traders have made. But now I think everyone should be allowed their biases, and if hating trading is what makes him a better investor, more power to him.
He mentioned a great example of how our mind plays tricks on us. If you were in a shop for a lamp costing Rs. 10,000 rupees, and the salesperson said, "Listen, we have another store that we're shutting down, just a mile down the road, and the same lamp's available at Rs. 9,000". Will you go?
Many of us in the audience, including the stingy me, raised our hand.