Loved the post! "The markets can stay irrational longer than you can stay solvent" -- agree that we've all learnt this harsh lesson when we've had some strong thesis about some "crazy undervalued stock". Also, saw the parallels with Morgan Housel in your writing, especially when you were mentioning FDs (since he talks about psychological safety that people can get by keeping a substantial portion of their assets in cash/cash equivalents/etc), and how it can be worth "more" than the lower financial returns. #IndiaKaMorganHousel hashtag suits you!
Hahaha, at least one person used that hashtag albiet not on Twitter! :P
About Housel, some people find his book too oversimplified but I associate with it a lot - it helps you think about savings and investments without the hindsight bias that creeps in whenever we think about money ("I should have"s) and it also helped me not get affected by so much clutter that we hear and read about.
Loved the post! "The markets can stay irrational longer than you can stay solvent" -- agree that we've all learnt this harsh lesson when we've had some strong thesis about some "crazy undervalued stock". Also, saw the parallels with Morgan Housel in your writing, especially when you were mentioning FDs (since he talks about psychological safety that people can get by keeping a substantial portion of their assets in cash/cash equivalents/etc), and how it can be worth "more" than the lower financial returns. #IndiaKaMorganHousel hashtag suits you!
Hahaha, at least one person used that hashtag albiet not on Twitter! :P
About Housel, some people find his book too oversimplified but I associate with it a lot - it helps you think about savings and investments without the hindsight bias that creeps in whenever we think about money ("I should have"s) and it also helped me not get affected by so much clutter that we hear and read about.
You are clearly jealous of Akshat Srivastava; he is a living legend!
Of course I am jealous! :P