Behavioral Finance | Multibagger Shares

May 2, 2026

Infographic showing four blocks labeled Lucky (gray), Disciplined Investor (green), Confused (light gray), Bias-Trapped (orange) under The Lollapalooza Effect.

The Lollapalooza Effect: Charlie Munger’s 1995 Harvard Doctrine on Multiplicative Forces

Charlie Munger's 1995 Harvard speech introduced the Lollapalooza Effect: when multiple forces line up in the same direction, the outcome is multiplicative, not additive. Eight audited Titan Biotech FY25 disciplines illustrate the positive mirror-image.

May 1, 2026

Title 'Action Bias' with a subtitle; four-color grid showing outcomes: Lucky and Confused on gray left, Disciplined Investor and Bias-Trapped on green/orange right.

Action Bias: Bar-Eli et al.’s 2007 Goalkeeper Study and Why Indian Investors’ Compulsion to ‘Do Something’ Destroys Long-Term Returns

Action bias — the compulsion to act when inaction is statistically superior — is the most expensive behavioural mistake in Indian retail investing. Bar-Eli et al. (2007), the SEBI F&O loss data, and Titan Biotech FY25's audited capital-allocation cadence frame the behavioural template every long-term investor needs.

May 1, 2026

Infographic bar chart titled EBITDA Margin; FY20–FY25 margins rise from 14% to 22%, final bar green.

EBITDA Margin: The Profitability Yardstick Every Indian Value Investor Must Master

EBITDA Margin is the cleanest operating-profitability lens for Indian value investors. Educational walkthrough using Titan Biotech FY25 audited numbers — ~18-22% margin, ~103% CFO/OP conversion, near debt-free — to illustrate disciplined specialty-biotech economics. Not a buy/sell recommendation.

May 1, 2026

Dark blue website hero with headline 'Stocks as Equity Bonds' and green subtitle; a 2x2 color-block grid: Trader (gray), Compounder (green), Drift (light gray), Speculator (orange); subtle footer text.

Stocks as Equity Bonds: Warren Buffett’s 1977 Equity-Bond Framework — Why Indian Long-Term Investors Should Treat Every Share Certificate as a Variable-Coupon Bond

Warren Buffett's 1977 Fortune essay reframed every share certificate as a variable-coupon bond. Today's deep-dive explains the equity-bond framework, the three levers (starting yield, reinvestment ROE, retention discipline), and how Titan Biotech FY25 audited numbers illustrate the principle.