Sanjay Bakshi's Investment Mistakes & Learnings

🧠 Common Mistakes by Retail Investors (Sanjay Bakshi Lens)

🔰 Naive Phase:

• Judge decisions by short-term results (Outcome Bias) 🟥

• Buy based on margins or return ratios without understanding durability 🟧

• Follow media hype on “moats” without checking real threats 🟧

🧑‍🎓 Expert Phase:

• Celebrate big wins even when the process was flawed 🟥

• Fail to anticipate new competitors in strong franchises 🟥

• Overestimate quality just because the past looks good 🟧

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💬 Timeless Wisdom from Prof. Bakshi:

“Investing is not about being right—it’s about being prepared to be wrong and still survive.”
“Never confuse a good outcome with a good decision.”