"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
It is part of our daily course author presented well
Difficult to avoid... :)
Get out of sunk cost fallacy and be successful in your field.
For all this "Gyaan" sharing/listening THE CLIENT/PROSPECT MUST COME TO THE ADVISOR. Sorry for the Capitals. All initiatives taken by many AMCs are good and helpful.AMCs are realising that Advisors need to learn a lot. However NO AMC is making any serious effort towards Investor Education. Reliance made a Big Adv in the Economic Times on 16th April, instead of showing Scheme returns we need to show at least a few Investors who Benefited by investing and staying put with the scheme for 11 years !
Sunk cost is like giant in the mind of a investor. He/she thinks that losses may be recovered in due course of time. Sometimes it is quite difficult for us to help a customer the way out. It is present in our daily life too.
informative