“My Wife Ran Away With My Best Friend and I Still Miss Him a Lot.” What to learn and act quickly!!

Now this old country song  was what Warren Buffet referring to when he talked about his mistake in 

investing in one Hochschild Kohn.

Metaphorically speaking this is also about lost opportunity and indecision at a particular point of 

time.

Indecision ,particularly during great economic depressions and nose-diving markets most investors 

lose their final sanity and start selling their assets. The 2008 was one such year when everyone lost 

cool!!

THE GREATEST OF THE FINANCIAL ADVISERS AND EXPERTS SPOKE OF DOOMSDAY!!

PEOPLE LOST COMPLETE FAITH IN THE EQUITY 

MARKETS.

I was also there. I had faced the IT boom and burst period . But 

this sub-prime crisis brought me back to face the harshest of 

realities.Interestingly my father did not bother. He was rather 

interested in watching south Indian films !!! Only occasionally did 

he pick up the phone to order the broker to add little more to his 

portfolio. And me? 

Well  I became extremely philosophical!! I saw the market dipping 

lower and lower and  an eternal optimist that I was I hoped that it 

was going to turn back. Actually I lost my power to sell!! I 

suffered from an absolute inertia.

Finding me so gloom and depressed , he asked me to buy some more if I could!!! Even after a decade 

of investing experience, believe me it actually did hurt!!

I asked my father what could I actually invest in?

He said add to your existing portfolio. I had banking, cyclical like oil and gas, automobiles etc.  

He reminded me that when the economy rebounds it shall be the cyclicals and banking that shall 

recover at a reasonable speed!!

That gave me some kind of consolation!!!

And that it why even when you are 40 0r 50 or 60 you still fall back upon parents!!! They know by 

virtue of their experience and love!!!

And I added on to my portfolio like a man possessed!!! It was soothing to see the cost of average 

coming down significantly for the stocks!!! 

Yes!!! The wife did not run away. The friend did not run away. The relationships and bonds were stronger than before!!!

Yes a significant bear market shall come again!! Yes the world will 

suffer again!! But hold onto your boat dearly!! Never, promise 

yourself, never shall you let go off the opportunity to invest in the 

best of the companies!! It shall augur well for you!!!

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herein should not be mistaken for professional financial advice. Ultimately, you and you 

alone are responsible for the decisions you make in life, so please contact an independent 

financial professional for advice regarding your particular situation.