Over the last three years, since I started blogging, I have been collecting a lot of amazing YouTube super videos. You can find them all here. The recent one that I added to my collection is “Lessons From the Great Minds of Investing”, Google talk given by William Green. If you haven’t listened to this talk then I would highly encourage you to do so. I enjoyed the entire talk and in particular the part in which he talks about Mohnish Pabrai and his Dakshana Foundation [40:00 to 46:00 minutes]. I have transcribed the part which deeply touched my heart.
If I’m to have a really happy and fulfilled life, it’s not going to come because I have a yacht. It’s actually going to come because I figured out how to help other people and how to make other people’s lives more complete. And so the thought that I would leave you with is just that you should think about your Dakshana. What’s your gift? How do your take your particular gift that you have – you’re all incredibly smart people – how do you take your abilities and figure out what do I do with this to make a difference in other people’s lives? And I think you do this not because you’re necessarily Mother Teresa or Gandhi, it’s because you’re tilting the playing field in your direction. You’re stacking the odds in your favor so that you can have a happy and successful and meaningful life. – William Green
Over the last few years I have been working really hard to deepen my knowledge in the field of value investing. I firmly believe in the statement – “If you want to master something, teach it”. Over the last six months, I taught value investing for two batches. For the first batch, I took the course for free. And for the second batch, I took the course as an Adult and Community Education teacher.
Even though I didn’t charge anything, the first batch students gifted me books worth of $1,000. For the second batch the California state paid me $502 for the number of hours taught and not by the total students signed up. In the process of teaching, I published my lecture notes on Kindle. After one month, I sold 138 books which far exceeded my initial expectations of 100 books forever. For the books sold, I will be receiving a royalty income of $97. Why I am telling all this?
As I wrote here, I have donated $1,599, everything I received from teaching and writing about value investing, to Dakshana Foundation. This is nothing compared to what Mohnish Pabrai is doing. But this gives me immense satisfaction to see that the proceeds from my skill is being used, even though very tiny, to make a difference in other people’s lives. I sincerely thank those who attended my course and those who purchased my book. Without them this donation wouldn’t have been possible. If we all ruminate on William Green’s question – what’s your gift? – then the world will be a very different place.