The Never-ending Quest for 'The Best'!

Sriram Balasubramanian
Coinmonks
Published in
4 min readMar 3, 2022

--

Why do people continue to hunt for "The Best" in everything, only to fail miserably?

One of my friends (let's call him Alex) called me up over the weekend and asked me for some financial advice.

Alex: Hey Sriram, I hope you are doing well. I have received a bonus at work, and I wanted to invest it.

Me: Alright, Congratulations!

Alex: By the way, what do you think about mutual funds? Which one should I pick up?

Me: Anything okay. Do you have a financial plan? Do you have a set of goals?

Alex: Oh! That's not required. I want to invest in some best funds and get good returns over the long term.

Me: Great. How long do you want to stay invested? When do you need these funds back?

Alex: I don't know how long, but I have this excess cash to invest somewhere. Alternatively, can I buy Adani stocks? How about Reliance or HDFC Bank? Or, can you suggest some good stocks?

Me: Uh!Great. Why don't you invest the corpus in the top 50 stocks (In my mind Nifty 50 Index)

Alex: Oh no! That's too much diversification. I want a concentrated portfolio.

Me: Oh, nice. Great idea.

Alex: All I wanted is a few best stocks that give good returns, and it has to be safe.

Me: What do you mean by "safe"?

Alex: The stock should not crash much like most others. It should not be a risky stock.

Me: Excellent, and what else do you want to do with the money?

Alex: Maybe use it for emergencies when required. As such, I don't need the funds now.

Me: Did you consult a financial planner?

Alex: Hey, Sriram, let's keep it simple. You are asking too many questions. All I want is stocks or the best mutual fund ultra-safe for long-term investments that I can use for some emergency, or it will continue to compound forever! Let's focus only on this.

Alex is a great guy, and he is financially well. However, like most others, all Alex wanted was just the name of a fund or some stocks so that he could jump to invest his money.

--

--

Sriram Balasubramanian
Coinmonks

Building WIBE to enable people to trade stocks to generate consistent cash flow. I enjoy writing on Wealth of all types!