Two investors, Mr Gupta and Mr Khanna, both invest in the same mutual funds. They have access to the same information, face similar market conditions, and hope to earn substantial returns.
In a game of cricket, all players strategise their approach and play according to a game plan, in the absence of which there would be a lack of direction in the game.
Accounting is important in many aspects of life. In Hindu culture, there is even a god named Chitragupta who is in charge of keeping complete records of all human actions on Earth and punishing or rewarding people based on their Karmas.
The end goal for every investor is to be financially independent. And today, more and more people are attracted to building wealth and becoming rich quickly. However, when you realize how long the process takes, it can be frustrating.
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