Blog | Manish Goel Stocks

Overconfidence Bias: Why Indian Investors Overestimate Their Stock-Picking Skills — And How This Silent Bias Is Destroying Your Portfolio Returns

Hero section with the title 'Overconfidence Bias' and a subtitle; below is a 2x2 color block diagram: top-left gray labeled 'Lucky', top-right green labeled 'DISCIPLINED INVESTOR', bottom-left light gray labeled 'Confused', bottom-right orange labeled 'BIAS-TAPPED' (likely 'BIAS-TRAPPED').

📅 Published April 3, 2026 (Friday) Table of Contents Toggle The Overconfidence Trap: Why Most Indian Investors Believe They Are Above Average What Exactly Is Overconfidence Bias? The SEBI Data That Every Overconfident Investor Must See How Overconfidence Bias Destroys

The Sunk Cost Fallacy: Why Indian Investors Keep Averaging Down on Failing Stocks — The Behavioral Trap That Costs Retail Investors Billions and How to Break Free

Hero header about The Sunk Cost Fallacy with a four-block infographic: left column 'Lucky' (gray) and 'Confused' (light gray); right column 'Disciplined Investor' (green) and 'Bias-Trapped' (orange).

📅 Published April 3, 2026 (Friday) Imagine you bought shares of a company at ₹200. The stock falls to ₹150. You’re worried, but instead of re-evaluating the business, you tell yourself: “I’ve already put in so much money. Let me

Discounted Cash Flow (DCF) for Beginners: The Gold Standard Valuation Method That Tells You What Any Stock Is TRULY Worth — A Complete Step-by-Step Guide for Indian Investors

Infographic showing a horizontal bar chart of Discounted Cash Flow by fiscal year from FY20 (38) to FY25 (16); FY25 bar is green to emphasize value, labeled Multibagger Shares.

📅 Published April 02, 2026 (Wednesday) Table of Contents Toggle Why Every Indian Investor Needs to Understand DCF — The Only Valuation Method That Answers “What Is This Stock Really Worth?” What Is Discounted Cash Flow (DCF)? The Five Building

Price-to-Book (P/B) Ratio: The Fundamental Valuation Metric That Reveals Whether You’re Buying Indian Stocks at a Discount or Paying a Premium — A Complete Guide for Smart Value Investors

Bar chart of Price-to-Book (P/B) ratio by fiscal year, with FY25 highlighted in green (16).

📅 Published April 03, 2026 (Friday) Table of Contents Toggle Introduction: Why Every Indian Investor Must Master the Price-to-Book Ratio What Exactly Is the Price-to-Book Ratio? Why the P/B Ratio Matters in Indian Markets How to Calculate and Interpret P/B

Happy Good Friday 2026! — From Manish Goel & Multibagger Shares

Dark blue header reads 'Happy Good Friday 2026! — From' with a lighter subtitle about Indian small-caps; below is a horizontal bar chart showing FY20–FY25 data. Bars are blue for FY20–FY24 and green for FY25, with values: FY20 28, FY21 26, FY22 22, FY23 18, FY24 14, FY25 11. The chart conveys share performance over fiscal years.

✝️ Happy Good Friday 2026! A Day of Reflection, Sacrifice & Hope Wishing you a peaceful and blessed Good Friday. This sacred day reminds us of the power of sacrifice, patience, and unwavering faith — values that resonate deeply in

Episode 4: Benjamin Graham — The Father of Value Investing & His Indian Legacy | Value Investing Course

Episode 4 title over a dark blue background with a horizontal bar chart of yearly shares from FY20 to FY25; FY25 shows 11.

Table of Contents Toggle Episode 4: Benjamin Graham — The Father of Value Investing & His Indian Legacy Watch Episode 4 — English Version एपिसोड 4 देखें — हिंदी संस्करण What You Will Learn in This Episode Course Navigation Disclaimer

Episode 2: How the Indian Stock Market Really Works — BSE, NSE & Your Money | Value Investing Course

Horizontal bar chart of Multibagger Shares by fiscal year FY20–FY25; values 28, 26, 22, 18, 14, 11; FY25 bar green.

Table of Contents Toggle Episode 2: How the Indian Stock Market Really Works — BSE, NSE & Your Money Watch Episode 2 — English Version एपिसोड 2 देखें — हिंदी संस्करण What You Will Learn in This Episode Course Navigation

Herd Mentality: Why Following the Crowd in Indian Stock Markets Is the Fastest Way to Destroy Your Wealth — And How Independent Thinkers Build Multibagger Portfolios While the Herd Panics

Dark blue hero header with the title 'Herd Mentality' and a teal subtitle, plus a green five-point timeline from FY21 to FY25 labeled Compliance, Disclosure, Audit clean, Board change, All boxes.

📅 Published April 02, 2026 (Thursday) Table of Contents Toggle Today’s Market Was a Live Classroom on Herd Mentality What Exactly Is Herd Mentality? The Shocking Data: How Herd Mentality Costs Indian Investors Crores The Five Stages of Herd Behavior

The Disposition Effect: Why Indian Investors Sell Their Winners Too Early and Hold Their Losers Too Long — The Behavioral Trap That Silently Transfers Your Wealth to Smarter Market Participants

Two-by-two diagram illustrating the disposition effect: top-left Lucky, top-right Disciplined Investor, bottom-left Confused, bottom-right Bias-Trapped.

Published April 02, 2026 (Thursday) Table of Contents Toggle Introduction: The Most Expensive Investing Mistake You Don’t Even Know You’re Making What Is the Disposition Effect? — The Science Behind the Bias The Real-World Cost: How the Disposition Effect Destroys

Recency Bias: The Silent Mind Trap That Makes Indian Investors Chase Yesterday’s Winners and Miss Tomorrow’s Multibaggers — How to Escape the Most Dangerous Market Timing Illusion

Two-by-two color infographic under the Recency Bias headline: top row left 'Lucky' gray, right 'DISCIPLINED INVESTOR' green; bottom row left 'Confused' pale gray, right 'BIAS-TRAPPED' orange.

📅 Published April 02, 2026 (Thursday) Table of Contents Toggle Why Your Brain Is Lying to You About the Stock Market What Exactly Is Recency Bias? The Indian Market Is a Recency Bias Factory The Titan Biotech Case Study: Why

Forensic Accounting Red Flags: How to Detect Financial Manipulation in Indian Companies Before It Destroys Your Portfolio — The Complete Fraud Detection Toolkit for Smart Value Investors

Horizontal bar chart of annual values FY20–FY25 for Forensic Accounting Red Flags, with FY25 highlighted in green (1.1).

📅 Published April 02, 2026 (Thursday) Table of Contents Toggle Why Every Value Investor Needs to Think Like a Forensic Accountant What Is Forensic Accounting? — More Than Just Number-Crunching Red Flag #1: Cash Flow vs. Earnings Divergence — The

Market Crash Alert: Trump’s Iran Threat Sends Sensex Down 1,400 Points — Why Value Investors Should Be Excited

Infographic bar chart showing annual shares FY20–FY25, descending from 28 to 11 (FY25 shown in green).

NIFTY 50 22,521 ▼ 158 (0.70%) SENSEX 72,633 ▼ 501 (0.69%) USD/INR 93.30 Rupee under pressure BRENT CRUDE $105.85 ▲ 4.64% Thursday turned into a roller-coaster for Indian equity markets. The morning session saw blood on the streets — Sensex

The ₹2,000 Crore Trigger: How Institutional Buying Unlocks Explosive Value in Quality Small Cap Stocks

Header and bar chart: The ₹2,000 Crore Trigger with subtitle, followed by a horizontal bar chart of FY20–FY25 values (28, 26, 22, 18, 14, 11); FY25 bar is green.

📅 Published April 2, 2026 (Wednesday) Table of Contents Toggle Why Do Quality Small Cap Companies Remain Undervalued for Years — Even When Everyone Knows They Are Exceptional? The Hidden Gatekeeper: Why Big Money Cannot Buy Small Companies The ₹2,000

EV/EBITDA: The Smart Investor’s Secret Weapon for Accurate Stock Valuation

Bar chart showing EV/EBITDA by fiscal year from FY20 to FY25 on a dark blue background; FY25 is highlighted in green with value 16, while previous years show 38 (FY20), 32 (FY21), 26 (FY22), 22 (FY23), and 19 (FY24).

When most investors talk about valuing a stock, they immediately reach for the Price-to-Earnings (P/E) ratio. It is simple, familiar, and widely quoted. But here is the truth: P/E can be dangerously misleading, especially when comparing companies with different debt

Return on Invested Capital (ROIC): The Single Most Important Metric That Separates Great Businesses from Mediocre Ones — How Indian Investors Can Use ROIC to Find Future Multibaggers Before the Crowd

Dark navy hero banner with the headline “Return on Invested Capital (ROIC)” and a multicolor donut chart labeled FY25 Reinvented centered on the page.

📲 Join 10,000+ Smart Investors on Telegram: @longtermequityy — Daily value investing insights, stock analysis, and multibagger ideas delivered free. Table of Contents Toggle Introduction: Why Most Investors Use the Wrong Metric — And How ROIC Changes Everything What Exactly