One question that I have got consistently from doctors is “Should I invest in more real estate?”. It does not matter whether the doctor is in Ranchi, Coimbatore, Indore, Chandigarh….or wherever. And I am stumped because they already have a place of work (clinic, hospital, or…) one house in which they are staying, one house […]
One good thing about having rich and some uber rich friends (in my definition, net worth exceeding Rs 150 crores is Uber rich) …is that you can learn some good lessons: Frugality is good, but it should not be an obsession! I know some of the rich friends who will try to pinch money and […]
I have been doing this series on equity investing…so here is one more. Think in terms of probability when you are NOT very confident of your research. In case you are very confident buy incrementally. At some stage do “emotion control”. Let me give you examples from equity and from mutual fund manager selection. Both […]
Some good books are not really marketed too well – Influence: The Psychology of Persuasion by Robert Cialdini is one such book. It is a good book and a worth read. More importantly it is a good book to read if you are a salesman (clients do not read, so nobody will spot you). It […]
When I talk to many millennials about saving and investing…they tell me “I have no money to invest”. I decided to look at the reason why they are unable to invest. I also talk to corporate India and realize that salaries are not really low – in a poor country. Some of the wealth destruction […]