I got into a lift (at about 9 pm) where a very young boy and a young girl were having a conversation….and it went like this: The girl said “U are so lucky you will go home and eat, I have to go cut vegetables, cook for myself and my husband and then eat…it will […]
I must thank Vishal Khandelwal for interviewing me for his website www.safalniveshak.com He asked me a lot of questions, and I hope new investors will find some of it at least useful…in case u wish to read the full interview, here it is…you can down load and read at leisure (it is just too damn […]
Well predicting is difficult, and in my case unnecessary. I have had no reason to predict ‘markets’ – I would rather be worried about Q on Q performance of my holdings. Even in such cases I may do nothing, but my portfolio is far more important for me than the psu heavy indices that we […]
Why are we not able to learn from our own mistakes? Why is it so tempting to push all our difficult task to a virtuous tomorrow but indulge ourselves just for today? Why we do not understand the power of small numbers? Cognitive Dissonance. Heard this before? Well there can be examples to answer this. […]
To appear in the media all you have to do is SOUND INTELLIGENT on that day. Then you have to hope that jokers like subramoney do not find your old predictions and put it out for people to see. Sometime in April 2014 (about 7 months ago) we had experts like Shankar Sharma, actually saying […]
http://www.safalniveshak.com/simple-ideas-on-wealth-creation-subramoney-part-4/#more-21116
One very important fallacy is called the ‘Sunk cost fallacy’ – which makes us throw more good money after money already gone bad. Typically a lender keeps lending money to one customer hoping that this will enable the borrower to do well and repay ALL the money. Another manifestation of this is called ‘Averaging’ – […]