Of my friends and acquaintances who regularly take investment advice from me, one of the most interesting is an Indian Air Force officer who retired before I was born. In many ways, his half a century (literally) of retired life is an object lesson in the value of doing simple things in investing and doing them for a long time. Of course, my friend is a prosperous man without any financial worries—his pension is about 350 times the last salary he drew in 1966. While he does invest in some funds.
