Aaditya Chhajed, CA, CFA

your capital may erode slowly. You might have to work in later stages of life even if you don’t want to. In 58 years, petrol has approached INR 100 per litre w ith the implied growth in price of 8.86% per annum.  Similar is the inflation rate for other expenses as well.  Simply, if your money doesn't earn at least 8.86% post-tax, you are losing its value. Human nature is a failed investor. The human being is naturally bound by a complex of fatal misperceptions diminishing the capacity of executing a successful lifetime investment strategy.  Cultural factor is a major factor contributing to the essential human incapacity for successful investing.  Humans, in general, cannot distinguish between currency and money. Currency is a medium of exchange. Money is a store of purchasing power. The only rational lon-term definition of "money" is "purchasing power" is a perception that is culturally unavailable to human mind. - Nick Murray   Invest for maximum total REAL ret...

Regret is the most enduring emotion in the lives of most equity investors. Because sooner or later, they make the mistake of getting out of a falling equity market, only to see it turn around and rise, three years out of four, and for the rest of their lives. Some get back in much higher; others never get back at all.  This process gets repeated during the next bear market and the next. No matter: the pain of regret is with them forever. Nor does the passage of time heal the pain. If anything, time and relentlessly higher prices make it worse.  There are, after all, only two master emotions: love and fear.  When markets are falling, investors fear permanent loss; When prices go up, investors fear missing out, and envy (another face of fear)  those who seem to be getting rich. I say again: that isn't "greed". It's just a different form of fear.  Don't envy the harvest of the rich. Envy their pl anting. - Bo Sanchez. Many years ago, there was a detergent adve...