Investomania !
From Buffett and Charlie of Berkshire to Raamdeo of Motilal Oswal What is investing ? Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. “Risk” is the possibility that this objective won’t be attained. By that standard, purportedly “risk-free” long-term bonds in 2012 were a far riskier investment than a longterm investment in common stocks. At that time, even a 1% annual rate of inflation between 2012 and 2017 would have decreased the purchasing-power of the government bond. “Investment is most intelligent when it is most businesslike.” — The Intelligent Investor by Benjamin Graham Warren tells his investment journey starting from purchasing farm in Omaha and explains how simple decisions if allowed to compound can turn rags to riches. “The investment had no downside and potentially had substantial upside. There would, of course, be the occasional bad crop and prices would sometimes disappoint. But ...