Buffett says his most expensive mistakes weren't bad bets. They were good bets he didn't make. Munger had a name for it: sucking your thumb.
Selling something to invest the right size is a scary stuff, atleast for an Indian like me. Conventional wisdom does not allow it. We call it for want of a better word - "Sattaa"
In this case, when the deal is a guaranteed money maker, I would not call it a satta.
Selling something to invest the right size is a scary stuff, atleast for an Indian like me. Conventional wisdom does not allow it. We call it for want of a better word - "Sattaa"
In this case, when the deal is a guaranteed money maker, I would not call it a satta.