Comments on: My investing blunders…continued http://www.subramoney.com/2010/02/my-investing-blunders-continued/?utm_source=rss&utm_medium=rss&utm_campaign=my-investing-blunders-continued Personal Finance Fri, 30 Jul 2010 08:26:25 +0530 http://wordpress.org/?v=2.9.2 hourly 1 By: subra http://www.subramoney.com/2010/02/my-investing-blunders-continued/comment-page-1/#comment-2732 subra Thu, 04 Feb 2010 11:19:23 +0000 http://www.subramoney.com/?p=3138#comment-2732 Aniruddha, I have used that line in my book.."if u think financial literacy is expensive, try financial ignorance" the other line I like is "Finance is changing, are you?". One of the chapters i have written is 'Changing strategies for changing times" ....after all we are in a dynamic world. 2002-7 strategies would not have worked in 2008. Strategy which worked in 2008 would have bombed in 2009. 2010 ..will bring in newer problems...so changing is a MUST. Thus learning becomes a must... Aniruddha,

I have used that line in my book..”if u think financial literacy is expensive, try financial ignorance” the other line I like is
“Finance is changing, are you?”. One of the chapters i have written is ‘Changing strategies for changing times” ….after all we are in a dynamic world. 2002-7 strategies would not have worked in 2008. Strategy which worked in 2008 would have bombed in 2009. 2010 ..will bring in newer problems…so changing is a MUST. Thus learning becomes a must…

]]> By: Aniruddha http://www.subramoney.com/2010/02/my-investing-blunders-continued/comment-page-1/#comment-2708 Aniruddha Tue, 02 Feb 2010 12:18:59 +0000 http://www.subramoney.com/?p=3138#comment-2708 I remember seeing this priceless quote at a friends office "If you think education is costly, try ignorance!" :-) I remember seeing this priceless quote at a friends office “If you think education is costly, try ignorance!” :-)

]]> By: Ravinder Makhaik http://www.subramoney.com/2010/02/my-investing-blunders-continued/comment-page-1/#comment-2705 Ravinder Makhaik Tue, 02 Feb 2010 05:02:54 +0000 http://www.subramoney.com/?p=3138#comment-2705 Subra, There is sane advice in here for those chasing alpha but when greed precedes needs, one will continue to delude oneself and end up making the same mistakes, which we all commit in order to learn the bitter truth. Subra,

There is sane advice in here for those chasing alpha but when greed precedes needs, one will continue to delude oneself and end up making the same mistakes, which we all commit in order to learn the bitter truth.

]]> By: NPR http://www.subramoney.com/2010/02/my-investing-blunders-continued/comment-page-1/#comment-2703 NPR Tue, 02 Feb 2010 03:30:14 +0000 http://www.subramoney.com/?p=3138#comment-2703 Second your thoughts. It takes guts & honesty to admit one's mistakes. Appreciate that from you. However, one has to take Risk (in other words, lose money) to make money in markets. Not all your risks will work out well in the end. But, I am sure, since you took risks, you are FAR BETTER OFF now - both in terms of financial worthiness & knowledge. "Alpha" chasing with penny stocks, non-viable business models will lead to losses. If one wants to invest in smaller businesses / stocks - look for companies with strong position within its space. Of course, always diversify amongst stocks. And you have to factor Management ability, honesty, shareholder friendliness as well. After all, a la Satyam can be lurking somewhere. Thks. Second your thoughts. It takes guts & honesty to admit one’s mistakes. Appreciate that from you.

However, one has to take Risk (in other words, lose money) to make money in markets. Not all your risks will work out well in the end. But, I am sure, since you took risks, you are FAR BETTER OFF now – both in terms of financial worthiness & knowledge.

“Alpha” chasing with penny stocks, non-viable business models will lead to losses. If one wants to invest in smaller businesses / stocks – look for companies with strong position within its space. Of course, always diversify amongst stocks. And you have to factor Management ability, honesty, shareholder friendliness as well. After all, a la Satyam can be lurking somewhere. Thks.

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