We start with our first session of the day with @Iamsamirarora, to be moderated by @safiranand. He will be speaking on "How to develop and construct an investment philosophy"
#MAW
#MAW
Samir begins his session by establishing the case for Equities, and within that, Indian Equities. He adds: for the past 25 years (1997-2022), Indian equity markets index has given higher return than investing in shares of Berkshire Hathway (US$ terms)
What path should you follow? Samir juxtaposes books that speak on either side - read and choose what makes sense for you! 
Investment evaluation for them is over 1 to 3 years, where one can visualise industry trends/disruptions/company strength more easily. Actual Investment holding periods could be longer, but evaluation should be for 1-3 years.
To answer the philosophical question on portfolio diversification vs concentration, @Iamsamirarora mentions: We don't know we are ignorant, till something unexpected happens. Thoughtful diversification is important!
While mentioning a quote from the book, @Iamsamirarora mentions The Halo Effect to be the best book he has read, and suggests listeners to read
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