Wealth Flix

The first lesson in mountaineeringJigar Parekh, Anchor Edge, Ahmedabad

Key Take-Aways
  • A mountaineering club coach asked his students what was needed to climb a mountain. The responses focused on equipment and skills. The coach asked "Isn't the mountain the most important thing to focus on?"

  • When you know which mountain you want to climb, then you can decide on the right equipment and skills.

  • Likewise, in investment, the goal (or mountain) should be decided first. Investors should be wary of getting lost in the noise of data, market, trends.

  • When you decide on your mountain first, then it is easy to determine factors like time horizon, amount of investment, return needed, asset allocation.

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