Wealth Formula

Master Your Behavioural Biases | Nimesh Chandan | The Wealth Formula

Why do investors hold on to losing stocks and sell winners too early? Why do we cling to old assumptions, seek evidence that confirms our beliefs, or panic when markets fall? In this exclusive The Wealth Formula conversation, N Mahalakshmi speaks with Nimesh Chandan, CIO, Bajaj AMC, about the behavioural biases that shape investment decisions — and how investors can learn to recognise and overcome them. From anchoring, confirmation and recency bias to the disposition effect and myopic loss aversion, the conversation explores the psychology behind investing and the discipline required to make better decisions. In this conversation: Why contrarian investing begins with understanding crowd behaviour How to recognise and overcome behavioural biases Responding to sharp market falls and negative surprises Risk versus uncertainty: why the distinction matters Challenging assumptions and avoiding anchoring Using pre-mortems, backcasting and bull-bear scenarios Why investors should maintain an investment journal The role of expert intuition and sounding boards Will AI make human investment skills irrelevant? Watch the full conversation for insights on making better investment decisions by understanding not just the markets, but your own mind.

Should You Bet Against the Crowd? Ganeshram on Valuations, Corrections & Small/Midcaps

When should investors go against the crowd — and when could it be just plain stupidity? In this episode of The Wealth Formula, Ganeshram discusses how he approaches uncertainty, valuations, market corrections and industry consolidation, and explains when he starts looking for opportunities amid disruption. The conversation also explores whether small- and mid-cap stocks are running ahead of earnings, how to use reverse DCF to think about valuations, the disconnect between implied growth and index valuations, and the opportunity cost of taking a contrarian bet. Ganeshram also shares his framework for evaluating small- and mid-cap companies, what he looks for in mid-sized businesses and the red flags investors should watch for. In this episode: When should you go contrarian? How do you know when to buy in a correction? Are small- and mid-caps running ahead of earnings? How to think about industry consolidation Reverse DCF as a valuation tool Implied growth vs aggregate index valuations The opportunity cost of being contrarian A framework for small- and mid-cap investing What to look for — and avoid — in mid-sized companies

Vikas Khemani on How Not to Lose Your Shirt Chasing Multibaggers

Small-caps can create extraordinary wealth — but they can also destroy capital when investors get the basics wrong. In this episode of The Wealth Formula with N Mahalakshmi, Vikas Khemani, founder and CIO of Carnelian Asset Management, shares his framework for navigating India’s small- and mid-cap universe. With 27 years of experience in capital markets, and nearly eight years managing funds, Khemani draws on his own experience to distil the lessons he has learnt from his mistakes. Watch this exclusive conversation on The Wealth Formula with N Mahalakshmi.

Kenneth Andrade picks three unusual, ignored sectors to bet on in Samvat 2082

In this special Diwali Blockbuster series, veteran investor kenneth Andrade, Founder & CIO, Old Bridge Mutual Fund in conversation with moneycontrol’s N Mahalakshmi decodes the current market sentiment across asset classes

Jigar Mistry flags potential risk to markets and what investors need to be cautious about

In this special Diwali Blockbuster series, Ace Investor Jigar Mistry, Co-Founder, Buoyant Capital in conversation with moneycontrol’s N Mahalakshmi decodes the current market sentiment across asset classes

India’s top private bankers reveal where the next 100-baggers will emerge

Where is India’s elite money really flowing this Samvat? In this exclusive roundtable, top private bankers and wealth advisors decode where the next big opportunities lie — from gold and real estate to equities, tech, and beyond

From renewables to AI and SMEs: Madhusudan Kela on where he senses opportunity now

In this special Diwali Blockbuster series, veteran investor Madhusudan Kela, Founder, MK Ventures decodes the current market sentiment across asset classes— and explains why he is still a die-hard fan of equities