Month: June 2022

Maximising returns can harm financial health

Trying to maximise returns can be injurious to your financial health. Harsh’s article in Business Standard today uses cricket analogy on why the decision-making process (even if the outcome is not the highest) is more important than just a successful outcome. When our ancestors lived in the jungles the outcome of one mistake meant instant death. Hence the need to always be right is baked into our evolutionary consciousness. But in investing you don’t need to be always right. Being mostly right is sufficient. “I would want this batsman to be in the team” said one of the selectors cited in the article. “Only if I was the captain of the opposite side” he went on to add. 😊 . He enjoys receiving your comments and suggestions and will respond to queries as quickly as he can.

Make nomination the third route of succession

Harsh participated in a panel discussion organised by the Department of Economic Affairs & SEBI on June 8 @ Vigyan Bhavan, New Delhi. It was part of the Azadi Ka Amrit Mahotsav celebrating 75 years of independence. FM Nirmala Sitaraman also spoke at the event. All the panelists including Harsh had the privilege of meeting her for a brief interaction before she spoke at the event.
The panel discussion was on “The growth of retails investors and the challenges in being an informed investor” . The article in Business Standard has the gist of the talk by me primarily on the need to change the laws just like the 2015 amendment in the Life Insurance Act to make succession the third route of succession. The Indian Citizens need an easy, quick and economical succession route for their assets to free them from the tyranny of their personal laws or wills both of which involve long, tedious, expensive Tarikh pe Tarikh court process.

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