A friend called in to say ‘Subra even if one reader can start saying “I s…..d up and have made investment mistakes’ instead of saying the following: a. my aunt is an agent so I took a policy b. my father asked me to buy a house c. my relationship manager CHURNED my mutual fund […]
Now that you have heard about a few of my mistakes, let me tell you more! So here it is: Overconfidence: It took me about 20 years of being in the markets to realize that understanding markets is difficult if not impossible. It is not the first few trades that make you confident – it […]
http://www.subramoney.com/book-written-by-me/ I started the previous post by saying that my portfolio has the benefit of one of the finest wealth managers in the country. So the mistakes here are completely mine. If he had a chance I would not have bought any of the following shares. Trusting the Chairman / CEO of a company: No […]
http://www.subramoney.com/book-written-by-me/ The last decade was perhaps the most difficult in my investment life of 3 decades. I am happy I survived – thanks to a fantastic investment advisor who like wine is maturing with age. There of course have been mistakes and big ones – happily there have been learnings. And like the Englishmen […]
Advisor: Sir Please make this investment, it will get you great returns. Client: How much will it give? Advisor: Sir it will give at least 15% return over the next 5 years Client: That is not exciting. May I have something better… This is such a normal conversation, that I cannot even believe what is […]