We tend to complicate our lives. For instance, we start out owning a cycle, then graduate to using a scooter; soon, we aspire for a car and once we have the car of our dreams, we come a full circle by to wanting a cycle once more because we realize that riding one is the best way to stay fit.
More often than not, our actions are driven by peer pressure and the need to follow the herd. We do not take into account the fact that we are all unique individuals with different needs and circumstances. So, naturally, to lead a happy and fulfilled life we must have clarity, not only on WHAT we want to achieve but WHY we wish to achieve it too.
The world of investment is no different. People want to make more money than their neighbours or friends. So, they have casually decided on WHAT they want to achieve and completely ignored the more important issue of WHY they have set themselves this random aspiration. This is precisely what makes their financial lives complicated.
Both living life and investing could be simple and uncomplicated if only we were more sensitive to our own unique needs and paid more attention to our environment. Sant Kabir and Rahim were very observant of the way people behaved and offered timeless solutions to the complexities of life in a very lucid manner. Their advice, when interpreted appropriately, is immensely pertinent for investors even today and can help preempt common mistakes that we tend to make in our financial lives.
‘Dohanomics’ is a collection of forty gems from Sant Kabir and Rahim, interpreted by the author, who has studied their ancient wisdom and applied it to behavioural aspects of investing. Presented in practical and logical terms, often with contemporary examples from the financial world, these interpretations offer both novices and seasoned investors robust advice that can be implemented effortlessly to elicit success in the world of investing.
Vinayak Sapre is a financial advisor and a mentor to financial advisors as well. He has been writing regularly on digital platforms and has been consistently featured in both the print and electronic media for this unique concept of ‘ Learning from Kabir and Rahim. ‘
Before becoming an advisor himself in 2011, Vinayak Sapre has worked with mutual fund companies for almost 12 years and has interacted with approximately 2000 financial advisors, bankers and national distributors. Vinayak is also a coach and mentor to financial advisors and runs a firm called INSIGHTS.