You think that it is becoming more than a friendship and you ask the girl (or guy) if they feel the same way. Instead of answering, they disappear from your life. So now you have lost the friendship as well. You are kicking yourself for having asked the question in the first place. (The stories you hear as an unofficial agony aunt!)
Coming to the drab realities of markets. You made an outsized investment which went down 60% and then went up a hundredfold, which meant a 40 times return.
Or, you had a chance to invest in Tesla or Apple a couple of years after their IPO and did not. And as everyone and their kid knows, they went on to be multibaggers.
Now, the question is, which one of these was a mistake? You'd be surprised to know that it is likely the second one.
What are the mistakes you have made in your investing career? This is an oft-asked question. When I think about the mistakes in my investment career, there are three aspects to consider. One involves the evolution of the investment analysis and process to come to better decisions. The second has to do with a better understanding of hardwired human biases and thinking fallacies, and the devising of methods and strategies to get rid of those. The third is even more fundamental. It is about the definition of a mistake, and it holds for all aspects of life.
What do you call a mistake? The answer appears obvious, but it is not.
Bu hikaye Mint Mumbai dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
How Bhansali Elevates the First Encounter
An excerpt from a new book on the Hindi director considers the importance of first sightings in Sanjay Leela Bhansali's cinema
From arrack to wine, a bar crawl across Sri Lanka
Cocktail bars in the island nation are drawing on local traditions and flavours to give a heady twist to familiar spirits
The Treasures of Nimrud Pieced Together Again
Archaeologists Have Been Reassembling Bas-Reliefs, Sculptures and Decorated Slabs
Only human-centred AI can charm humans to adopt it
The AI industry could learn from carmakers how to focus on the consumer and modify perceptions
How Emerging Economies Could Prosper in a Protectionist World
As manufacturing export success gets harder, they should focus on service exports. These are unlikely to face big trade barriers
The Asian Dream Is Waking Up To Realities Of Middle-Class Life
Asians are realizing that staying middle-class is not guaranteed
Lessons from the 75-year-old National Sample Survey
Its impressive history tells us much about innovation, autonomy and state-level data collection
Fix India's bond market to lift economic growth
As India's economy slows, we should revive public-private partnerships to attract private investment. But, for debt funding, we'll need to reform and invigorate our market for bonds.
We should let clarity prevail over nonsense: Here's a handy guide
We must use simple language, empathize with people, not take ourselves too seriously and be kind
Clear Goals and Discipline: How Small Investors Can Build Lasting Wealth
There is no one-size-fits-all, the answer will depend on your needs, personal preferences
