The managing partner and principal of Enceladus Capital is Mayurkumar Gadewar, who is an ardent disciple of Warren Buffett & Charlie Munger and closely follows their principles on investing and life.
Mayur lives in Singapore with his wife and two children.
This is what Buffett says in his 2006 annual letter on picking the right person as Berkshire's chief investment officer, "Over time, markets will do extraordinary, even bizarre, things. A single, big mistake could wipe out a long string of successes. We therefore need someone genetically programmed to recognize and avoid serious risks, including those never before encountered. Certain perils that lurk in investment strategies cannot be spotted by use of the models commonly employed today by financial institutions. Temperament is important. Independent thinking, emotional stability, and a keen understanding of both human and institutional behavior is vital to long-term investment success. I’ve seen a lot of very smart people who have lacked these virtues."
Five Qualities of Best Investment Manager
Long runway (like a young manager).
Fee structure fair in both directions.
Fluency in work and commitment to clients.
Uncrowded investment space
We would like to add two more qualities to this list:
The investment manager should have “Skin in the Game”. Having skin in the game automatically takes care of lots of behavioral pitfalls and strongly aligns the incentives.
The investment manager should have done well for himself, otherwise, he has not earned his right to manage money for others. Why would you want to give your money to somebody who hasn’t accumulated anything by the time he was 40?
If ever you find one (money manager/investment advisor) with all these qualities, put money there immediately and put as much as you're allowed to put with them. - Peter Kaufman and Charlie Munger
Charlie Munger, Vice-Chairman of Berkshire Hathaway, a teacher & mentor to us, put it best, as a way of business and life, when he quoted a preacher who spoke about Charlie's grandfather's life, saying:
"None envied this man's success so fairly won and wisely used".
It is indeed our endeavor to succeed fairly, be grateful, humble and then use the success wisely, in making a positive difference to the world, because we lived.