You want to be approximately right than exactly wrong!
When I did an interview with Amey Kulkarni, I got curious about his Sherlock Holmes style, forensic methods to evaluate companies.
Later, I came to know about he also has an online workshop module on Forensic Accounting: How to use public information to avoid fraudulent companies and big losses?
This seemed like a good learning opportunity and I signed up for it.
On Saturday morning, 5 AM, as I started it, I didn’t know that I would do it all in one go – the entire course material.
This was one of the most fabulous learning experiences I have had. No gyan!
He makes it real. Lots and lots of examples to internalise various methods to detect various frauds that companies and managements perpetuate on minority shareholders.
The best part is the confidence Amey gives. He says that you don’t need to be a PHD or have insider access to detect these issues. You can use publicly available information to figure out what’s going on.
Thus, even as a small investor, you can avoid all the pain of losing money with a bad company.
I was shocked to see some common and popular names (multi baggers even) resorting to practices that put the small shareholder like you and me to grave disadvantage.
Remember, he had mentioned about Yes Bank and Poddar Housing cases. There are dozens and dozens of companies doing such things.
A pack of mental models
Going through the workshop was enlightening. If I had taken this earlier, I could have avoided several mistakes too.
Just like mental models, I am confident that the knowledge can be applied to decision making in my personal and professional life.
So, if you are a small investor looking to make better stock investing decisions (meaning avoid losses) or a curious mind, this online workshop is a must attend.