Learn from Mistakes is Investments biggest lesson

Investing is fun, especially when we follow the rules and taste success. There are lot of lessons i learned from experience after all experience is the mother of all books.

Everyone's life have a role model and in my life too there are role models and one of the key role models is my creator (your guess might be wrong, it's my Mom and Dad) and then comes the great book on Warren Buffet.

Mistakes which i made and learned from it
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1. Followed stock purchase suggestion from magazine and lost Money - mistake (bought one of the stock at it's all time high, but always went down after that)
2. Excepted equity value to double in very very short time - mistake (sold in frustration) - now the sold stocks really doubled, but i don't own it when it doubled.
3. Expected 2-3 digit valued stocks can give better returns than 4 and above digit valued stocks - mistake (bought some of these cheap stocks but they never had value, failed to read P/E and BV and EPS)
4. Bought value stocks with less P/E - mistake (bought least P/E stocks but business which i did not understand, they never peaked up)
5. Thought Trading is the best way to see money - mistake (booked profit when they reached 10% but saw these stocks sky rocketing after i sold, made nothing with the profit made.
6. Mistake - Bought when all are buying.
7. Mistake - Sold when all are Selling


All these are some of the mistakes which i made but these mistakes made me a better investor.

My Advice
1. Buy the company whose business you know have patience and hold it for really long period.
2. Buy when others are Selling, Sell when others are buying.

Trip to Mysore

Trip to Mysore from Bangalore is awesome again with the Petra 1.6 100bhp power horse. I enjoyed the whole drive with my family. The whole stretch of 150 km one way was great except the return journey where I experienced the heaviest rainfall while driving.

Visibility was poor and road conditions was bad, but experience of driving Petra was always fun and more fun.

Went to the Mysore Zoo, saw tipu's fort from the entrance and visited the Brindavan Garden.