One reader has asked ‘How will I benefit by reading your book’. An honest answer is ‘I do not know’.
This is because in life there are 3 important things in behavior change. First is knowing what is good for you (Learning – Saraswati), then finding a guru – means a person whom you respect, and there fore you are willing to learn from (Hanuman) and then when this has happened, having the wisdom (Parvati) to implement it in your life.
If you see the title of my book it says ‘Rs. 40 a day’. You could argue for the next 200 years should it be Rs. 40, Rs. 80 or Rs. 400. The purpose is to START…and even while you are arguing, compounding will work! NOT STARTING is a CRIME!
If you think you know compounding, you are correct. If you know that compounding @ 10% over 200 years Rs. 100 would have become Rs. 1800 crores, you are kidding me. I have asked this question to about 1000 people …AND NOBODY, NOBODY, NOBODY has been able to think of such a high figure in the sequence in which I ask this question. My audience consisted of people with very high IQ, some brilliant academics, one professor of statistics, many Cat 1 school MBAs, rank holding Chartered Accountants…SO STOP KIDDING YOURSELF.
If you know how to make a Investment Philosophy statement, know how to keep a portfolio simple but effective, understand equities, ….well you may not need the book. However assuming you do not know these things, you will find this book useful. Well that is my opinion. No humility has not been a great virtue on me…but like it in others.
Let me remind you that now I do not have a vested interest in pushing the book (if you know the publishing business, you will appreciate this better!), but to a man who has only a hammer everything looks like a nail…so do remember the full facts before you decide…:-)
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