Sanjay Bakshi
7 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Sep 18, 2015 by Sanjay Bakshi · across every show →
On the record as a speaker too: Sanjay Bakshi's record, appearances and statements → this page counts the times other people say the name.
Everything said about Sanjay Bakshi, oldest first
Sep 18, 2015
Bakshi: Answering "Why" With "Part of the Reason" Curbs First-Conclusion Bias
“The way to do that is to always answer a question why by the phrase part of the reason. Because that removes the availability heuristic, the first conclusion bias. Because there are, in, in a world which is full of complexity, there are multiple answers. There…”
Sep 18, 2015 positive
Sep 18, 2015 positive
Sep 18, 2015
Bakshi: Comparing Multi-Year Intervals Reveals Business Changes Missed in Quarterly Statements
“If you look at a business, hugely value creating business, or a value destroying business, and if you look at the financial statements, or a quarterly period, you will miss a lot of the change, but if you put gaps in between, if you look at data five years ago…”
Sep 18, 2015 positive
Bakshi: Great Businesses Are Risk-Averse but Not Loss-Averse
“The way I think about it is that I'm looking for businesses that, that are risk averse, but not loss averse. And those two things are very different. So what you're really looking for is somebody who doesn't mind making a few small bets. Many of them will go b…”
Sep 18, 2015 positive
Bakshi: Costco Generates Float Through Upfront Customer Membership Fees
“And when you combine that with the fact that customers are funding a lot of that business because they pay upfront a fee to get a privilege of shopping with you, and that gives you float, which I think is another aspect of a wonderful business.”
Sep 18, 2015
Bakshi: True Long-Term Thinking Is Impossible Without Financial Independence
“I think it's important to think really long term, and you can't do that unless you're financially independent. That's one of the big lessons that I have for my students. Is that the first thing that they need to get is financial independence. Once they have th…”