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About Manish Goel

SEBI Registered Investment Adviser • Chartered Accountant

448 Articles Published

Manish Goel is a Chartered Accountant and the Founder of Multibagger Securities Research & Advisory Pvt. Ltd. (SEBI Registered Investment Adviser, INA100007736). A full-time value investor since 2010, he writes on value-investing principles for education and general awareness.

October 12, 2026

Cover illustration: a queue of five boxes marked suppliers, staff, lender, government and owner, with the owner box in gold at the end of the line, under the headline The Owner Eats Last

The Owner Eats Last: Who Gets Paid First When a Business Earns a Rupee

Suppliers, workers, lenders and the tax collector all take their share of a business's money before the owner sees a paisa. Seeing that queue shows why the owner's share is the biggest prize and the most fragile part.

October 11, 2026

Cover illustration: a staircase of five navy circles each marked why, stepping down from left to right and ending in a gold circle marked root cause, under the headline why why why why why

Why, Why, Why, Why, Why: How to Get Past a Company’s First Explanation

When a company's profit falls, the first explanation is rarely the real one. A habit from a Japanese car factory shows how to keep asking why until you reach the cause that matters.

October 10, 2026

Cover illustration: on the left a navy water drop and on the right a gold diamond, each with a price tag, the drop marked very useful but cheap and the diamond marked hardly useful but expensive, under the headline water and diamonds

Water and Diamonds: Why Something the World Cannot Do Without Can Still Be a Hard Business

Water keeps us alive, yet it sells for almost nothing. A diamond keeps nobody alive, yet it sells for a fortune. Here is what that old puzzle teaches us about telling a useful business from a profitable one.

October 9, 2026

Cover illustration: a staircase of five navy steps showing the order in which a typical family cuts spending when money runs short, from a holiday trip and a new sofa down to food, medicines and school fees in gold, under the headline the month the money runs short

The Month the Money Runs Short: What Families Never Stop Buying, and Why It Matters to a Business

When money runs short, a family stops buying some things at once and other things never. A business that sells the second kind has steadier sales. Here is how to spot it, and why it is only the first step.