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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 19, 2026
Hero header for a article titled 'Overconfidence Bias' with a subtitle about Indian traders; decorative blue background with green accents.

Overconfidence Bias: Why 93% of Indian F&O Traders Lose Money — How Barber & Odean’s Landmark Research, Validated by SEBI’s 2024 Evidence, Explains the Zerodha-Groww Revolution and the Anti-Overconfidence Checklist Every Serious Long-Term Investor Must Adopt

Barber & Odean's Nobel-adjacent 2000 study, validated by SEBI's 2024 evidence that ~93% of Indian retail F&O traders lose money, explains the meta-bias that makes every other cognitive error worse — and the 8-question pre-trade checklist that disarms it.
April 19, 2026
Hero section titled 'Board Composition and Corporate Governance' with a green subtitle, featuring a five-year timeline (FY21–FY25) of milestones: Compliance, Disclosure, Audit clean, Board change, All boxes.

Board Composition and Corporate Governance

Titan Biotech ended FY25 with an 11-member board, four independent directors, an independent chair, and 14 board meetings - a governance structure that merits serious attention from long-term investors.
April 19, 2026
Bar chart of deferred tax by fiscal year from FY20 to FY25, values: 28, 26, 22, 18, 14, 11; FY25 bar is green.

Deferred Tax: The Accounting Line Item That Can Mislead Even Experienced Investors

Deferred tax can quietly change how reported profit should be read. The line is less about jargon and more about timing, profit quality, and whether management disclosure deserves trust.
April 18, 2026
Infographic: 'Rights Issues' bar chart showing yearly values FY20–FY25, with FY25 in green and values 28, 26, 22, 18, 14, 11.

Rights Issues: When Fresh Capital Helps Minority Shareholders and When It Hurts Them

A rights issue can preserve minority ownership or quietly dilute it. The difference lies in why the company needs money, how management behaves, and whether investors understand their rights entitlement before it lapses.
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