The Inner Game with Vishal Khandelwal

"The Map is Not the Territory' is a concept that originated from the work of Alfred Korzybski, who was Polish-American mathematician and philosopher. He used this idea to convey the fact that people often confuse models of reality with reality itself. According to Korzybski, models are tools that are created to represent real-world things or phenomena. However, they are not identical to those thin...

There's a saying in Hindi – "Pyaar andha hota hai," or that "Love is blind." Well, it's a phrase that has transcended generations and cultures, reminding us that when we're infatuated, our judgment can be clouded by the warm and fuzzy feelings of affection. But here's the twist – not only is love or likeness of someone usually blind, it also has a sneaky cousin in the world of psychology. Let's fi...

Our world is way more unpredictable than we tend to think. As humans, we love finding patterns and making sense of things. It's in our nature. But as we have evolved, and as our society has advanced, the world has grown increasingly uncertain and unpredictable. At least more unpredictable than our brains like to admit. Given this, let's dive into Nassim Taleb's enlightening book, "Fooled by Random...

I discuss the first cause of human misjudgment that Charlie Munger spoke about in his landmark speech "The Psychology of Human Misjudgment." He called it the "Reward and Punishment Superresponse Tendency," which generally highlights the idea that humans tend to respond strongly to both rewards and punishments. It suggests that when people are offered rewards or faced with punishments, their behavi...

We're kicking off a new series - The Munger Method - an exciting journey into the 25 causes of misjudgment, inspired by the wisdom of the one and only Charlie Munger, through his talk "The Psychology fo Human Misjudgment". This episode covers the background of what led to this pursuit of studying human misjudgment for Munger himself.

In memory of Charlie Munger who passed away recently, I am launching a new series titled "The Munger Method", on his unforgettable speech titled "The Psychology of Human Misjudgment," where he delved into the common cognitive biases and mental shortcuts that affect our decisions every day. This speech was originally delivered by Charlie to an audience at Harvard University in 1995 and was revised...

We explore the pursuit of knowledge and freedom, as described in the ancient Indian text, Vishnu Purana, and with insights from modern thinkers like Charlie Munger. This combination of ancient wisdom and contemporary perspective offers us valuable insights into what real knowledge means and its significance in our lives.

As I mourn the passing away of my hero Charlie Munger, I also celebrate the incredible legacy he leaves behind. The impact he had on my life and the lives of countless others is a testament to his extraordinary character and the enduring power of his words. Thank your Charlie for your wonderful lessons. I look forward to seeing you someday on the other side.

We get into the world of stock market returns, and I'm going to break down two crucial sources of those returns that every investor needs to understand. Now, whether you're a seasoned investor or just getting started, I think this insight shall be invaluable for your investing journey.

We delve into a fascinating and often debated topic: the relationship between money and happiness. It's based on a recent survey done by Empower, a financial services company in the US, that revealed how different generations perceive the role of money in achieving happiness. Now, things or numbers may be slightly different in the Indian context, but the idea remains the same.

When we are repeatedly successful, we are tempted to believe that we have found the formula for success and are no longer subject to human fallibility. As I have realized and also experienced, this is dangerous thinking, especially in a world that is continually changing, and where every right idea is eventually the wrong one.

Confucius said, "Life is really simple, but we insist on making it complicated." Isn't that profound? It's a reminder that sometimes the most profound truths are the simplest ones. But here's the kicker – simplicity isn't always easy to grasp. We often overlook it, dismiss it, or even ignore it, especially when it comes from the great minds who have achieved extraordinary things. They share their...

I talk about the illusion of control in stock market investing, suggest ways to get over this illusion, and share an 8-point stock analysis checklist that may help you deal with it better, and make better and well-informed investing decisions.

We explore a psychological phenomenon that's subtly pervasive yet profoundly impactful. It's called the "illusion of control." This concept not only shapes our financial decisions but also weaves through the very fabric of our daily lives.

A question I frequently get from investors is, 'Is now a good time to invest?' And this question is often accompanied by a tinge of regret, with many adding, 'I should have invested when…' You know, timing the #stockmarket is a bit like chasing a mirage – it seems simple, yet is incredibly elusive. And in today's episode, we explore why this approach often leads investors astray and how adopting a...

As a culture, and in our quest for personal and professional fulfillment, we spend hours upon hours developing academic knowledge, building physical fitness, deciding where to go to college or learning about managing our money well. But we spend little time, if any, finding out how to make the most important decision of our lives. What is that decision? Let's find in today's episode of #TheInnerGa...

Today, we explore a concept that's crucial for anyone interested in #investing. It's the idea that investing is not just a game of numbers and analysis, but it's deeply intertwined with human #psychology and social behavior. This insight reveals that investing is much more than a solitary number-crunching exercise. In fact, it is a fundamentally social exercise. I also cover the five ways to go be...

Today, we dive into a really thought-provoking topic inspired by Nassim Taleb's book 'Fooled by Randomness'. We're going to explore how we perceive risk and reality, and let me tell you, it's not always as straightforward as we think.

Today, we dive deep into a thought-provoking passage from Morgan Housel's book, "The Psychology of #Money ," where he explores the fascinating interplay between #luck and #risk in our #investing and financial lives. Morgan makes a compelling argument that luck and risk are two sides of the same coin, and they shape our financial outcomes in ways we often overlook. Let's understand this idea in thi...

In the last 20 years of my #investing career, or even outside of it, I have come to believe that one of the biggest hurdles we face in investing or #life, is the fear of failure. We let the labels of success and failure dictate our actions. But here's the reality check – these labels only exist in our minds. Stuff happens; challenges come our way, but we don't have to slap a label on every experie...

Hi, this is The Inner Game Podcast, where we embark on a journey through the realms of money, investing, life, and philosophy, one profound idea at a time. I'm your host Vishal Khandelwal, and I'm delighted to invite you to join me on this thought-provoking exploration of the inner dimensions that shape our financial decisions, impact our investments, and ultimately define our lives. In this podca...

Today, we're diving into a topic that often takes a backseat in the fast-paced world of finance – and that's the idea of long term investing. Now, I know what you might be thinking – "Isn't quick money the name of the game?" Well, stick around, because we're about to unravel some perspectives behind why more people aren't embracing the power of long term investing.   * * * To know more about my bo...

Today, I have something truly deep to delve into — a powerful message from the legendary poet and philosopher, Kahlil Gibran. In a beautiful poem, he wrote about the idea of 'fear' that universal emotion that can either hold us back or propel us forward. In this episode, I try to look at the ideas it leaves us with in terms of how we can imbine it in our own lives. * * * To know more about my book...

Today, I start by asking you a question - Have you ever found yourself simply following the crowd, maybe in investing, or fashion, or even life choices, without truly understanding why? As you think through your own response to this, let me comfort you that it's a common human tendency, and it goes beyond investing. In fact, it touches the very fabric of our lives.

Today, we're diving deep into a profound quote that, when I came across the first time and thought about it, changed the way I look at wealth creation and wealth management. This quote comes from Peter Bernstein, one of my favourite authors when it comes to the idea of 'risk' in investing. Peter said, "Your wealth is like your children — the primary link between your present and the future. You sh...