The Long Game (earlier "The One Percent Show") is a conversation with people who have stayed with something difficult for a long time. Most of the guests are investors, who have spent decades in the markets, compounding capital and conviction across cycles. Over time, the show will make room for…
In this episode of The Long Game, I sit down with Ian Cassel, founder of MicroCapClub, chief investment officer of Intelligent Fanatics Capital Management, and author of the new book Stock Picker, for a conversation that turned out to be far less about stocks than about the person doing the picking. We talk about why Ian believes no one starts investing with a blank slate, how to tell discipline apart from delusion, why most microcaps have to be sold within three years even when they're winning, what it actually costs to buy your own freedom, and the one trait he thinks separates good…
Two professional investors, Ankush Datar and Mihir Patki, spent years applying the same first principles to two very different games: building wealth and building health. In this conversation, we explore why the disciplines that make you a good investor, compounding, patience, playing the long game, focusing on what you control, are the very same ones that keep you healthy, and why so few of us manage to win both games at once. We get into the science and the fear behind lifestyle diseases, the role of luck versus skill, whether money can now buy health, India's strange paradox of rising…
Vinod spent over thirty years in Indian markets. He was the India head of Morgan Stanley Investment Management in the 1990s, and since then has been investing his own capital, teaching, and thinking about markets in a way that very few people do. I recorded this conversation with him in August 2025 while working on the book. Vinod talks about: Pain, patience, and intention as the three things you actually control in investing and in life. Why hard work has almost nothing to do with returns. Return on time mattering more than return on money. Reading people rather than spreadsheets. The age…
I talk to Jason Zweig, a personal finance columnist for The Wall Street Journal and the editor of Benjamin Graham's 'The Intelligent Investor'. Jason is also the author of 'Your Money and Your Brain', one of the first books to explore the neuroscience of investing, and 'The Devil's Financial Dictionary', a satirical glossary of Wall Street. Join me as I delve into Jason's mind, exploring the key lessons about becoming an intelligent investor, how to survive the stock market, why Ben Graham's ideas still matter, and much more. #vishalkhandelwal #safalniveshak #valueinvesting…
I talk to Leander Paes, the Indian tennis legend widely regarded as one of the greatest doubles players in tennis history. Join me as I delve into Leander's mind, exploring his remarkable journey over four decades to become a tennis legend, his philosophy on hard work, patience, and dealing with losses and failures, and his advice to the young generation on playing the long game. #leanderpaes #vishalkhandelwal #safalniveshak #tennis #theonepercentshow
I talk to Kenneth Andrade, Founder and CIO of Old Bridge Capital Management and Old Bridge Asset Management. Kenneth has over 32 years of work experience in equity research and funds management, which includes a formidable track record managing some of India's most successful equity funds. Join me as I delve into Kenneth's mind, exploring his remarkable journey as a money manager, his philosophy on investing and life, and the wonderful lessons he has learned along the way on spotting great businesses, understanding market cycles, and playing the long game of investing. #kennethandrade…
I talk to Bogumil Baranowski, a seasoned investor, insightful author, and a thought leader in the field of finance and investing. Bogumil is a published author of three books: Outsmarting the Crowd, Money, Life, Family, and Crisis Investing. He is also a Founder and Host of the popular investing podcast Talking Billions. In 2016, with three partners, he co-founded Sicart Associates, a boutique investment firm based in New York City, and later founded Blue Infinitas Capital. He is also a licensed private pilot, and when not reading, writing, and hosting podcasts, can be found sailing,…
I talk to Navneet Munot, MD and CEO of HDFC Mutual Fund. He is also the chairman of the Association of Mutual Funds in India or AMFI, which is the governing body of asset management companies in India. Navneet is a visionary voice who has not only shaped the landscape of investment in India over the years but also stands as a testament to the power of perseverance and insight. From humble beginnings, he has carved a path that many only dare to dream of, embodying the very essence of determination and foresight. His story is not just one of financial acumen but of inspiring a generation to…
I talk to Shyam Sekhar, the Chief Ideator and Founder of iThought Financial Consulting, which he founded in 2008 and which provides financial planning and portfolio management services to investors. In this episode, Shyam talks about the importance of getting the right mentors and creating an investment philosophy, playing the long game, self-growth, #investing lessons from #entrepreneurship, and much more.
I talk to Rohit Chauhan, founder of RC Capital Management, and one of the first individuals in India to start a blog dedicated to serious investing way back in 2004. In this episode, Rohit talks about his best investing decision made 10 years back, reasons why compounding is so hard to practice, power of simplicity in life and investing, life's true riches that go beyond money, journaling, power of meditation, and much more. Subscribe to The One Percent Show on - Youtube - https://www.youtube.com/c/vishalkhandelwalshow Spotify - https://open.spotify.com/show/1iLAoxJuJRDQk8WzYtqVly Google…
I talk to Swanand Kelkar, Managing Partner at Breakout Capital. In this episode, Swanand talks about his sabbatical experiences, importance of playing the long game in life and investing, meditation, and much more. Subscribe to The One Percent Show on - Youtube - https://www.youtube.com/c/vishalkhandelwalshow Spotify - https://open.spotify.com/show/1iLAoxJuJRDQk8WzYtqVly Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly92aXNoYWxraGFuZGVsd2FsLmxpYnN5bi5jb20vcnNz Apple Podcasts - https://podcasts.apple.com/us/podcast/the-one-percent-show-with-vishal-khandelwal/id1572196422 Amazon…
I talk to Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company. Nilesh has over 31 years of experience in capital markets and has managed funds across equity, fixed income and real estate for Indian and global investors. While this is my first interaction with Nilesh, I have looked up to him for the last 20 years, ever since I took my first steps in the investment industry in 2003. In this episode, Nilesh talks about the transformation of India, lifelong learning, importance of humility in investing, spirituality, and much more. * * * Subscribe to The One Percent Show on…
Annie Duke is author, corporate speaker, and consultant in the decision-making space. For two decades, Annie was one of the top poker players in the world. In 2004, she bested a field of 234 players to win her first World Series of Poker bracelet. The same year, she triumphed in the $2 million winner-take-all, invitation-only World Series of Poker Tournament of Champions. She retired from the game in 2012. Annie is author of multiple wonderful books, including Thinking in Bets, How We Decide, and her latest being Quit: The Power of Knowing When to Walk Away. In this episode, Annie talks…
Guy Spier is the founder and investment manager at Aquamarine Capital, and author of The Education of a Value Investor, which is one of the best books I have read about someone's personal journey in life, business, and investing. In this episode, we talk about Guy's idea of investing in stocks for the long term, power of using investment checklists, the India opportunity, and much more.
Vitaliy Katsenelson is a value inevstor and CEO of Investment Management Associates. He is also the author of Soul in the Game: The Art of a Meaningful Life. In this episode, we discuss his journey as a value investor, how investors can practice thoughtful arrogance to make sound investing decision, the idea of being a student of life, stoicism, what having soul in the game really means, and much more.
P. D. Mangan is a health and fitness coach, and anti-aging specialist. At 66 years old, which many people who see him don't believe, he is leading the way in teaching people of all ages how to improve their overall health. In this episode, which is a departure from all my previous episodes with investors and CEOs, we discuss about the more critical subject of health, PD's own health journey over the past few years and the biggest lessons he has to offer to anyone who wants to be healthy, and at any age.
Kalpen Parekh is Managing Director & Chief Executive Officer of DSP Mutual Fund. In this episode, we talk about the universal truths of stock investing, process vs outcome in money management, importance of lifelong learning, and much more.
William Green is the author of "Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life." Over the last quarter of a century, William has interviewed many of the world's best investors, exploring in depth the question of what qualities and insights enable them to achieve enduring success. In this episode, we talk about why life is more than being shrewd in wealth accumulation, impact of Charlie Munger on William's life, Mensch Effect and the secret of real happiness, if getting richer can make you happier, and much more. To know more about this initiative, check…
Nick Maggiulli is the creator of Of Dollars And Data and the Chief Operating Officer at Ritholtz Wealth Management. Nick is also the author of a new book titled Just Keep Buying where he crunches numbers to answer the biggest questions in personal finance and investing, while providing the reader with proven ways to build wealth the right way. In this episode, we talk about the biggest lies told in personal finance, role of data in analysis, the idea of feeling rich, role of luck in investing, and much more. To know more about this initiative, check out: https://www.vishalkhandelwal.com/…
Ian Cassel is a professional microcap investor and chief investment officer of Intelligent Fanatics Capital Management. In this episode, we talk about microcap investing, judging management quality, process vs outcome, empathy, secrets of Ian's happiness, and much more. To know more about this initiative, check out https://www.vishalkhandelwal.com/ Books Recommended by Ian - Free Capital by Guy Thomas - https://amzn.to/3wS3w6m The Emotionally Intelligent Investor by Ravee Mehta - https://amzn.to/3t1b9Fk Golf is Not a Game of Perfect by Bob Rottela - https://amzn.to/3N0mBZC The Great Beanie…
Kuntal Shah is Partner at Oaklane Capital and a veteran in the Indian stock market. In this episode, we talk about the importance of understanding stock market cycles, lessons from financial history, twelve equations of life, and much more.
Guy Spier is the founder and investment manager at Aquamarine Capital, and author of The Education of a Value Investor, which is one of the best books I have read about someone's personal journey in life, business, and investing. In this short episode, we talk about Guy's lessons from visiting Warren Buffett's Berkshire's Annual Meeting every year and the power that our social network has on us.
I share a story about how focusing exclusively on the goal can take you off the focus that you must have on the process or the journey that should take you to a goal you deserve. This applies to not just living, but also to investing and wealth creation. Check out more of my work at https://www.safalniveshak.com/ and https://www.vishalkhandelwal.com/
Rajeev Thakkar is the Chief Investment Officer and Director at PPFAS Asset Management. In this episode, we talk about developing a sound investing character, lifelong learning, building an antifragile life, and much more. To know more about this initiative, check out https://www.vishalkhandelwal.com/ Rajeev's Book Recommendations - 1. One Up on Wall Street - Peter Lynch - https://amzn.to/37wZJ3S 2. Beating the Street - Peter Lynch - https://amzn.to/3umpuNz 3. The 7 Habits of Highly Effective People - Stephen Covey - https://amzn.to/37tRS7c 4. Deep Work - Cal Newport - https://amzn.to/36X48xv…
Guy Spier is the founder and investment manager at Aquamarine Capital, and author of The Education of a Value Investor, which is one of the best books I have read about someone's personal journey in life, business, and investing. In this episode, we talk about Guy's ideas of finding your North Star, compounding goodwill, the immense power of reciprocity, and much more.
Arnold Van Den Berg is the Chairman and CEO of Century Management, and among the best investors in the world. In this episode, Arnold shares his experience in winning a losing hand, constructing a good life, and the power of subconscious mind.
Ramesh Damani is a member of the Bombay Stock Exchange and one of the most successful, well-read and erudite investors in India. In this episode, we talk about the importance of focus in investing, backing up your truck, his key lessons from the wizards of Dalal Street, and much more.
Sankaran Naren is the Chief Investment Officer at ICICI Prudential AMC, and among the most respected names in the Indian fund management industry. In this episode, we talk about how global central banks are inflating asset prices, market cycles, developing common sense, art of being a contrarian investor, and much more.
Monika Halan is author of the best-selling book Let's Talk Money, and one of the rare voices of sanity in the Indian personal finance space. In this episode, we talk about key money mantras to live a balanced financial life, money lessons to teach kids, asset allocation, the biggest money regrets people have, and much more.
Barry Ritholtz is the Chairman and Chief Investment Officer of Ritholtz Wealth Management. Barry talks about using his ADHD as a superpower, survivorship bias, thinking independently in a noisy world, and creating meaning in life.
About The Long Game with Vishal Khandelwal
The Long Game (earlier "The One Percent Show") is a conversation with people who have stayed with something difficult for a long time. Most of the guests are investors, who have spent decades in the markets, compounding capital and conviction across cycles. Over time, the show will make room for…
The Long Game with Vishal Khandelwal is a English business podcast from Vishal Khandelwal. Melo plays each episode straight from the publisher's own feed — no ads added, no account needed — and remembers where you stopped, in this browser only.
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