"The three most common investing mistakes relate to the price you pay, the management team you essentially join when you invest in a company, and your failure to understand the future economics of the business you’re considering investing in." -Michael Shearn
And this is why I feel grateful that I made the mistake of investing in YesBank at the early stage of my investing journey and I haven't lost much of my capital by this investment but the lessons learned are so valuable for me and it will surely help me to be a good investor.
And through this episode, I wanna share all those mistakes with you all so you also be careful and don't fall in these kinds of traps in the stock market.
And as a final note, should you invest in YesBank and will YesBank recover from this price, I really doubt regarding the same, and when future earnings and profitability are not visible in any kind of company I believe we should just stay away from those companies.
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***RECOMMENDED READING LIST***
The Little Book of Common Sense Investing (Jack Bogle's awesome advice on index funds)
The Millionaire Next Door (Great Read to know how money works by Thomas J. Stanley)
One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners)
Rich Dad Poor Dad (Personal finance book of all time)
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
Open an online investment account.
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