Firstly, sorry for long gap from my previous post. It was unintentional and happened because of my hectic project work with my new company.
Now, this post is about my experience of meeting my Guru (Prof. Sanjay Bakshi), To all the readers of this post, their is no need to introduce this legend.
This is how it all happened…
During February 2015, one of my holding Eicher Motors had released a notification saying that its AGM was going to happen on 20th March 2015. The first thought that came to my mind is if I go to Delhi, I may also get an opportunity to meet Bakshi sir. Without second thought I requested Bakshi sir on his FB page. He is very kind enough to accept my request immediately.
Later, all I have done is to just wait for the day.
I bought two books (which are his favourites) Influence and Fooled by Randomness, to get it signed from him.
Finally the day has arrived, I reached Delhi on 19th March morning. I had a pre-booked room. After fresh-up, without any delay I got the Metro from New Delhi Railway station to reach Saket.
Below is his office building (pic taken from Google). I reached the office on time and contacted the security guys, who in turn contacted Value Quest Capital.
Bakshi sir was in a meeting at that time, and I had waited for around 15 minutes in his waiting room.
In the room I just wanted to get as much information as I can get from the room. I have seen 2 news papers Business Standard and Economic Times. The Economist magazine. TV which is currently off and a nice painting on the back side. The ambiance was amazing.
Finally the moment has come. There he was, Bakshi sir. As an instant reaction, I touched his feet out of respect.
He made me comfortable and asked me about my qualification, current Job etc.
And this was my first question to him.
Me) Sir, what are the 3 qualities that made you where you are now ? In other words, what 3 qualities you suggest to a budding investor like me ?
1) Krishna, you have to be extremely passionate, curious to learn. Money will follow later. Always ask WHY, WHY & WHY ? You may not get answer for everything, but that is how
we learn. Learn from people who established great businesses over a period of time. Read MD&A reports of them. For example, read MD&A reports of Sun Pharma. Dilip Sanghvi is a visionary, learn how he envisioned it and achieved it, slowly and steadily, year or year, he created an Empire. Understand how those people made it BIG.
2) You should have Role models. Not just the Good ones, but also the bad ones. You must know how to be and more importantly How NOT to be ?
For example, Nassim Taleb (pointing out to my book, Fooled by Randomness on the table), is a very arrogant guy. You can get the sense from his tweets. But, I like the way he thinks. He is an extreme thinker, I like it and take that from him. Have role models and work, dream to be as them one day. Have multi-disciplinary thinking like Charlie Munger.
3) Be a voracious reader. And switch off that Idiot box (pointing out to the TV in the room). Just watch a cricket match or something once in a while. That’s it. It is of zero use. It takes a life time to write a book and we have to respect it and dedicate enough time for it daily. There are enormous learning in books.
As Mark Twain says, “The man who does not read has no advantage over the man who cannot read.” You must know what to read and what not to. There is not point in reading news paper end to end. Most of it is of irrelevant (at this instance I remembered Nassim Taleb’s Noise vs Signal discussion in my subconscious mind). Clearly differentiate Good reads and bad reads. Buffett reads 500 pages every day. That’s how knowledge builds like a snow ball over a period of time.
Me) Thanks a lot sir, what are the books you suggest for any investor to reach next level in Investment world. I know you always suggest to start from BH annual letters, but apart from that can you suggest some books ?
Bakshi sir) Read all Pat Dorsey, Stephen Penman, Michael E. Porter books. All these are great collections in their respective fields and helps to make you understand deeper in the world of Investing.
Me) Thanks a lot for your encouraging words sir. This will be the most memorable day for me.
Bakshi sir) Its OK. Just one second, I will be back.
(After 2 min…)
I was stunned with his Gift. He bought a signed copy of Berkshire Hathaway Annual letters book (1965-2012), which will cost around Rs 4500/- in India (http://goo.gl/Xn1yVy).
Me) Sir, this is very costly sir.
Bakshi sir) No problem Krishna. I give it usually to my students. All the very best for your future.
Me) Sir, I am not sure how you felt when you received a signed copy of Poor Charlie Almanack from Charlie himself. But this moment is much more than that for me sir.
I am speechless currently by your kindness and encouragement.
With a heart full of Joy, enthusiasm, memories and a strong motivation, I came out of his office.
This small meeting of around 10 minutes had given me immense confidence and enormous encouragement. Thanks again to Bakshi sir for giving me most memorable moments.
Here are the pics, I took with him…