In this episode of Value Investing Talks, we follow the story of Hraday Jhala — a seventeen-year-old investor and author — who found value investing during the pandemic and later wrote The Worldly Wisdom of Value Investors, a book shaped by the principles of Graham, Buffett, Munger, and Pabrai. We cover his investing philosophy, the patterns he developed, his approach to portfolio building, and why management psychology plays a key role.

Key discussion points include:

• Hraday’s path from pandemic-driven curiosity to publishing a value investing book at 17

• Why true investing begins only when real money is involved

• How his thinking evolved from speculation to a Graham-Buffett-style framework

• His two-pronged strategy: liquidation opportunities & quality compounders with strong moats

• How to assess management tone, capital allocation, and long-term vision

• Why niche and under-the-radar companies offer the best opportunities

• Industries he avoids: fintech, pharma, banking — and his preference for simplicity

• Portfolio approach: high conviction, fewer than 10 holdings

• Practicing cloning: insights from Pabrai, Li Lu, Buffett

• A unique valuation habit: estimating market cap without seeing it

For more on Hraday’s book and value investing insights, check the links below:

• The Worldly Wisdom of Value Investors: https://www.amazon.com/Worldly-Wisdom-Value-Investing-Hraday/dp/B0DMSBVXQL

• Think & Invest Newsletter: thinkandinvest.com

• Hraday Jhala's LinkedIn: https://www.linkedin.com/in/hraday-jhala-3370711b5/

• Eugene Alexeev’s LinkedIn: https://linkedin.com/in/evgeniyalexeev

Disclaimer:

All content in this episode reflects personal experience and is not financial advice. It is provided for educational and entertainment purposes only.