Blogs | Multibagger Shares

April 22, 2026

Infographic Titled Switching Costs Horizontal Bar Chart of Yearly Costs Fy20fy25 Values 28 26 22 18 14 11 with Fy25 Bar in Green

Switching Costs: The Invisible Lock-In That Protects Great Businesses for Decades

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

April 22, 2026

Hero Header with Title the Endowment Effect and Subtitle Followed by a Two by two Color Grid Labeled Lucky Disciplined Investor Confused Bias trapped on a Dark Blue Background

The Endowment Effect: Why Indian Investors Overvalue What They Already Own

Richard Thaler (1980) and Kahneman-Knetsch-Thaler (1990) explain why Indian retail investors cling to inherited, IPO-allotted, and COVID-era holdings. SEBI, NSE and IIM Bangalore data + a six-step de-biasing checklist from Graham/Buffett/Munger/Klarman, with Titan Biotech (BSE:524717) FY25 audited numbers as the illustrative anti-endowment corporate case study.

April 22, 2026

Infographic Showing Roic by Year with Horizontal Bars Fy20 28 Fy21 26 Fy22 22 Fy23 18 Fy24 14 Fy25 11 Fy25 Bar in Green Highlighting Final Value

Return on Incremental Capital Employed (ROIIC): The Single Most Important Compounding Metric in Value Investing

ROIIC — not ROCE — is the metric Buffett, Munger, Fisher, Klarman, and Mauboussin converge on as the true long-term compounding signal. Here's how to calculate it on any Indian listed company, common mistakes to avoid, and a positive Titan Biotech FY25 case study with 9 audited disclosures.

April 21, 2026

Hero Header Titled manish Goels Information Decay Theory with a Green Subtitle on a Dark Blue Background and a 2x2 Color Grid Trader gray Compounder green Drift light Gray Speculator orange

Manish Goel’s Information Decay Theory: Why the Warren Buffett Quotes You Hear on Every YouTube Podcast Can Never Make You Rich

Millions of YouTube finance podcasts. Zero documented life changes. Yet numerous followers of my work report their financial lives have changed, and my CAGR is in higher triple digits — believed to be the highest among 20 crore Indian investors over the last 8 months. The reason is a theory I have developed: the Information Decay Theory. The value of any insight falls the moment too many people come to know it.