We must learn from our mistakes, it’s said. Or even better, from others’ mistakes. But we don’t. We are somewhat cognitively limited from being that rational person who can look back at failures and learn from them. We mostly ignore, deny or dismiss past mistakes. Or worse, we repeat them because our brain has made a convenient, quick template of that mistake, and we find it easy to access and use it again. Our personal financial well-being suffers from this limitation.
Where do HNIs in India prefer to invest these days?
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