Behavioral Finance | Multibagger Shares

April 21, 2026

Altman Z-Score chart from FY20 to FY25 showing bankruptcy-prediction values as horizontal bars (3.2, 2.8, 2.1, 1.6, 1.3, 1.1) with FY25 highlighted in green on a dark blue background.

Altman Z-Score: The Bankruptcy-Prediction Formula That Has Held Up for 6 Decades

How the 1968 Altman Z-Score and its modified Z'' variant work, why every Indian retail investor should run them as a first solvency filter, and how Titan Biotech (BSE: 524717) FY25 audited numbers illustrate a textbook safe-zone balance sheet.

April 20, 2026

Bar chart titled 'CFO/PAT Ratio' showing FY20 28, FY21 26, FY22 22, FY23 18, FY24 14, FY25 11 (FY25 bar in green)

CFO/PAT Ratio: The 60-Second Earnings-Quality Filter

The CFO/PAT ratio is the single fastest earnings-quality check any Indian value investor can run — and Titan Biotech FY25 audited numbers show what disciplined cash-backed profits actually look like.

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 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.