Book review of ‘Retire Rich- Invest Rs. 40 a day’ The best thing I liked about this book review is it was written by a very smart 21 year old (she is not yet 22). Her dad felt she could have done a far better job (she is far more talented and this does not […]
Overconfidence while investing is one big problem while people invest. Even worse is a half baked understanding of what the masters have said. Let us take just 2 examples…from the big man – Warren Buffet himself. 1. Diversification is for mediocre people: If you do not know what you are doing, you need to diversify. […]
Continuing my dialogue series… Journo: Subra do you not think the life insurance guys get pampered? Subra: Why do you say so? Journo: 40% of the contribution as a commission is too much, do you not think so? Subra: What about products with 122% commission? http://www.subramoney.com/book-written-by-me/ J: Not possible in the financial service industry…..at least […]