Financial Literacy 02 | What I Wish I Knew When I Was 17 by Mr. Sanjay Bakshi

Mr. Bakshi, explained the power of compounding and how it creates a large effect on the small habits of saving, or reading etc. He also covered how the simple terms such as reduction and inversion learnt during the school days are helpful to a person throughout their life. He also explained Prospect Theory and human behaviour when the magnitude of loss is large versus small. He quickly covered Bayes theorem and connected it with how recent events impact our decisions based on the revised probabilities of outcomes.

The Financial Literacy course will provide a comprehensive view of personal finance and financial investments to the FLAME University Undergraduate students. It will also familiarise the learner with various topics such as capital markets, personal savings, role of borrowing, the accounting language, asset classes – equity, fixed income, real estate, commodities etc., asset diversification, investment options, wealth creation, etc.

Speaker:
Mr. Sanjay Bakshi is an Adjunct Professor at Management Development Institute, Gurgaon, where he teaches MBA students a popular course titled “Behavioral Finance & Business Valuation (BFBV)”. Sanjay is also Managing Partner at ValueQuest Capital LLP a value investing firm based out of New Delhi.

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