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Manish Goel - SEBI Registered Investment Adviser

About Manish Goel

SEBI Registered Investment Adviser • Chartered Accountant

422 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 has helped thousands of investors build long-term wealth through quality stock picking and disciplined fundamental analysis.

April 24, 2026
Dark blue article hero with title 'Self-Attribution Bias' and subtitle about Indian investors; below is a 2x2 color grid: top-left gray block labeled 'Lucky', top-right green block labeled 'DISCIPLINED INVESTOR', bottom-left light gray block labeled 'Confused', bottom-right orange block labeled 'BIAS-TAPPED' (likely 'BIAS-TRAPPED'). Branding 'Multibagger Shares' appears at top corners.

Self-Attribution Bias: Why Indian Investors Take Credit for Wins and Blame Luck for Losses

Self-attribution bias — crediting wins to skill and losses to bad luck — is the silent wealth destroyer behind 93% F&O retail losses in India. Miller & Ross (1975), Gervais & Odean (2001). Illustrative case on how Titan Biotech FY25 audited disclosures exhibit symmetric attribution at the corporate level.
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April 24, 2026
Horizontal bar chart of Working Capital Days & Cash Conversion by fiscal year from FY20 to FY25, with values FY20 28, FY21 26, FY22 22, FY23 18, FY24 14, FY25 11; FY25 bar is green.

Working Capital Days & Cash Conversion Cycle

Decode Cash Conversion Cycle and Working Capital Days the way serious value investors do — and see how Titan Biotech's 261-day FY25 CCC is fully self-funded with near-zero debt.
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April 24, 2026
Hero banner with title 'The Fat Pitch Principle' and green subtitle; below is a four-block grid labeled Trader (gray), Compounder (green), Drift (light gray), Speculator (orange).

The Fat Pitch Principle: Warren Buffett’s Ted-Williams-Inspired Rule for Swing Selectivity in Indian Value Investing

Why the 77-cell strike zone Ted Williams built and Warren Buffett later adapted remains the single most decision-disciplining mental model for Indian value investors — illustrated with Titan Biotech's FY25 numbers.
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April 23, 2026
Hero section with a dark navy background showing a capacity utilisation bar chart from FY20 to FY25, ending at 11% for FY25 (green bar). The page title is ‘Capacity Utilisation’ with a subtitle about growth.

Capacity Utilisation: When Existing Plants Can Fund the Next Leg of Growth

Capacity Utilisation becomes more useful when investors translate it into audited numbers, cleaner disclosure, and better minority-shareholder readability.
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