Investor Series · Entry No. 01 — Long-Term Investing
Price is the Voting Machine.
Behaviour is the Weighing Machine.
A ledger of ideas from the Prosper conversation. Concepts are the machinery of value; perspectives are the shifts in judgement you re-choose under pressure. Some pages are marked maturity — you may not have lived them yet. This is how you dip your toes in.
"The market does not decide whether you make money — your behaviour does. Your competition is not the market. Your competition is yourself."
One-liners worth memorising
- Investing starts with risk assessment, not return-chasing.
- Trading is earning — beating others. Investing is making — winning against yourself.
- Losses are the entry ticket to profits.
- Sell the asset class that's rising, buy the one that's falling. Buy the stock that's rising, sell the one that's falling.
- Price is set by opinion in the short run, by performance in the long run.
- Bhaav bhagwan chhe — the price you pay is the god of the outcome.
Source distilled from the ~85-min Prosper podcast (Himanshu × Krishna Sharma). The maturity marks are for ideas that are easy to nod at and hard to hold in a real drawdown — revisit this ledger, and move a mark to "lived it" only when you truly have.