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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.

April 18, 2026

Hero header for an article on Mental Accounting Bias showing a four‑panel diagram: top-left 'Lucky' (gray), top-right 'Discipined Investor' (green), bottom-left 'Confused' (light gray), bottom-right 'Bias-Trapped' (orange); dark blue page with subtitle.

Mental Accounting Bias: The Silent Wealth Destroyer That Makes Indian Investors Treat ‘Profits’ Differently From ‘Capital’ — How Richard Thaler’s Nobel-Winning Insight Explains Why Retail Investors Underperform the Sensex Year After Year

Mental accounting — the Nobel-winning behavioural finance concept by Richard Thaler — explains why Indian investors gamble their 'profits' in F&O while treating 'original capital' conservatively. Learn how to recognise and defeat this silent wealth destroyer, with live Sensex and Titan Biotech data.

April 18, 2026

Bar chart: Segment Reporting values from FY20 to FY25, with FY20=28, FY21=26, FY22=22, FY23=18, FY24=14, FY25=11; FY25 bar is green.

Segment Reporting: The Hidden Disclosure in Indian Annual Reports That Reveals True Business Quality — How Smart Value Investors Decode Ind AS 108 to Find Multibaggers the Crowd Misses

📅 Published 18 April 2026 (Saturday) Most Indian investors read the headline profit, glance at the EPS, and close the annual report. They never scroll to […]

April 18, 2026

Contingent Liabilities

Titan Biotech's FY25 contingent liability disclosure stands at just ₹7.78 Cr — a forensic gold standard 5.08% of net worth versus the 15–50% Indian small-cap norm. Here is the deep-dive every value investor must read.

April 18, 2026

Cement sector analysis framework grid with four colored blocks: Trader (gray), Compounder (green), Drift (light gray), Speculator (orange) on a dark blue background.

Cement Sector Analysis Framework: The 8-Factor Checklist Every Indian Value Investor Must Use to Separate Multibagger Cement Stocks from Value Traps in India’s ₹2 Lakh Crore Super-Cycle

A complete 8-factor framework for analysing Indian cement stocks — capacity, region, EBITDA per tonne, balance sheet, and consolidation theme. Live data, no F&O noise, real multibagger hunting.