“Everybody has a plan until they get punched in the face”-Mike Tyson
Life often is the toughest opponent out there-it throws punches that can throw off the investor off his planned path.
We Indians,being very family oriented,often have to contribute to family situations for which we never planned for but nevertheless are expected to contribute.This obviously results in a reduction of capital available for investing,trading etc
As a movie buff,one of the best Indian movies I ever saw was “Anumati” -a Marathi movie for which Vikram Gokhale got the National Award for Best Actor.
Here is one dialogue (translated) from the movie which still resonates after so many years of watching the movie.
“You conducted the daughter’s wedding in grand style”
“What I did for my daughter was my duty.From my son,I expected dutiful behavior”