Business Standard

Have realistic expectations from your investments

An investment's six-month performance is akin to data shown on TV during a match - useful to know which way the match is going, not select a batsman

Even as billions of dollars diverts toward firms scoring higher on environmental, the funding costs for bad actors has hardly budged
Premium

Even as billions of dollars diverts toward firms scoring higher on environmental, the funding costs for bad actors has hardly budged

Harsh Roongta

Listen to This Article

Kirti, a selector, wants to make money by backing a batsman based on his long-term performance. After scrutinising the statistics of several batsmen over a hundred matches, he decides on one. However, he gets upset when his chosen player doesn’t perform well in the next match, and in fact the entire series. He overlooks the fact that the other batsmen have fared equally poorly.
 
Despite the chosen batsman still having the best average performance over a hundred matches, Kirti’s disappointment doesn’t abate. He unrealistically expects the batsman he has backed to perform well every time, forgetting his initial strategy of
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 21 2023 | 9:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com