Nirman Chhabra

Background

About Nirman Chhabra

Favorite Quotes- One has to commit,'style drift' is very costly. You cannot control your returns, you can only control your risk- Patience is most important virtue. The big gains are made in the long run- To know that we know what we know and to know that we don’t know what we don’t know, that is true knowledge (circle of competence)- “It is the unemotional, reserved, calm, detached warrior who wins, not the hothead seeking vengeance and not the ambitious seeker of fortune.” - Sun Tzu- Risk management is required when the prices (valuations) are high. When prices are available at panic levels, the risk is low- The best investments are made in the greatest discomfort. When they're yelling, you should be selling, When they're crying, you should be buying. Be flexible like water, still like a mountain- Failure is not fatal, but failure to change might be. You cannot change the circumstances, but you can change yourself- Live life as if you were to die tomorrow. Learn as if you were to live forever- Do not seek to follow in the footsteps of the wise. Seek what they sought- Path dependency has big implications in life and financial markets too- Success is a function of replacing greed and impatience with discipline and hard work. It starts with belief- Becoming #1 in the world is extremely hard. Staying at #1 for an extended period is twice as hard. Mastery cannot be achieved with mediocre effort- Grow and learn or perish. keep adapting to new paradigms- Strive to play long term games in alignment with long term partners with significant skin (preferably soul) in the game. There is no 'I' in the word 'team'- Attitude determines altitude in life- Integrity is doing the right thing even when nobody is looking- Knowledge is true wealth. Live life based on concepts derived from first principles- Common sense is uncommon- Don’t do to others what you wouldn’t want them to do to you- Capital compounds if you invest it wisely, knowledge compounds if you share it, relationships compound if you nurture them, health compounds with a good lifestyle, spiritual progress compounds if one devotes time to it- Gratitude turns what we have into enough- Success is not the key to happiness. Happiness is the key to success. Unconditional love is key to happiness- We don’t make a life by what we earn. We make a life from what we give- The secret of health for both mind and body is not to mourn for the past, worry about the future, or anticipate troubles, but to live in the present moment wisely and earnestly.