Without risk there is no reward

There is never a shortage of advice, particularly when it comes to finance. Every other magazine and newspaper tells you how you can beat the markets. But I feel that this is ultimately selfdefeating, because if everyone is following it, how can you benefit? Rather than general platitudes, I value advice that is more specific and tells you how to crack a problem. For instance, people are always telling me that real estate is the investment that will yield rich returns. My father has been handling my Indian investments and tells me that stocks are the best investment. I’ve concluded that stocks are the best way to beat inflation. One thing that emerges from most good financial advice is that you have to take risks to get good returns.

- As told to SHARDA UGRA

BACKNEXT

V Anand

World Chess Champ