CO-AUTHORED BY THREE DISTINGUISHED money managers from Ambit Capital, Coffee Can Investing: The Low Risk Road to Stupendous Wealth is a book that squarely targets the unsavvy retail investor who runs the risk of committing an all too commonly observed set of money mistakes over the course of a lifetime saving and investing.
Woven around the fictitious but familiar sounding accounts of Mr Talwar, the slightly-above-average corporate climber with never-ending money worries; and Mr Sanghvi, the wealthy tycoon with a unique set of financial troubles of his own, the book makes for a breezy read – refreshingly, sans the mumbo-jumbo and jargon that typify many books on personal finance.
Correctly driving home the importance of goaloriented saving, the Coffee Can Investing kicks off with an elucidation of some typical investing blunders — such as overtrading, not diversifying, shortterm thinking, punting on stock prices, and ignoring the impact of embedded costs and taxes on future returns. It is mostly things that we have read before.
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Denne historien er fra May 26, 2018-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
