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Manish Goel - SEBI Registered Investment Adviser

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.

April 20, 2026
Hero banner for a finance article: title 'The Availability Heuristic' with subtitle 'Why Recent Headlines Distort Indian Portfolio Decisions' and a 2x2 color grid labeled Lucky (left gray), Disciplined Investor (green, right), Confused (left light gray), Bias-Trapped (orange, right).

The Availability Heuristic: Why Recent Headlines Distort Indian Portfolio Decisions

Tversky & Kahneman's 1973 availability heuristic explains why Indian retail investors chase recent headlines. A detailed teaching post with an illustrative Titan Biotech FY25 case study on availability-resistant corporate behaviour.
April 20, 2026
Horizontal bar chart titled Segment Reporting showing yearly values from FY20 to FY25; FY25 bar is green with value 11, trend downward from 28 to 11.

Segment Reporting: When Management Uses Disclosure to Hide or Reveal the Best Business

Why serious investors should read segment notes to discover where the real business quality sits, and how Titan’s geographic split strengthens trust in the disclosure.
April 20, 2026
Hero header with title 'Owner Earnings' and subtitle 'The Buffett Adjustment That Reveals True Cash Profits' over a dark blue gradient background, plus a colorful donut chart labeled 'FY25 REINVESTED' centered below.

Owner Earnings: The Buffett Adjustment That Reveals True Cash Profits

Warren Buffett's 1986 owner-earnings formula adjusts reported net profit by adding back non-cash charges and subtracting maintenance capex and working-capital needs. Applied to four Indian businesses — Asian Paints, Pidilite, Nestlé India, and Titan Biotech — the arithmetic reveals very different cash-conversion profiles and gives retail investors a more honest lens than reported PAT alone.
April 19, 2026
Infographic: segment-wise revenue breakdown bar chart from FY20 to FY25, dark blue background, green highlight for FY25; values shown at bar ends (28, 26, 22, 18, 14, 11). Title reads 'Segment-Wise Revenue Breakdown' with subtitle italic text beneath.

Segment-Wise Revenue Breakdown

Titan Biotech disclosed only one primary operating segment in FY25, a quiet but powerful sign that the business remains easier to understand and monitor than many small-cap peers.
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