Experience triumph everything else – Arthvigyan

Reading Time: 2 minutes

Source link | Twitter Profile

In late 2019, a group of international public health experts set out to assess pandemic preparedness around the world. Using criteria such as early virus detection, speed of response and adherence to international health norms, they ranked the U.S. first, China distant fifty-first.

The U.S. had world-respected institutions like the Center for Disease Control and Prevention and the Food and Drug Administration, top-ranked hospitals, doctors and public health systems, and wealth. China had a worrisome record on outbreaks like Severe Acute Respiratory Syndrome in 2003, and though it had since invested heavily in its health care system, many of its people still lacked access to affordable, high-quality care.

The Result – The U.S. has one of the highest per-capita death tolls, China the lowest. (Source: WSJ)

There are multiple reasons like lack of leadership, inexperience in handling actual pandemic, individualism, etc. but the main point that I want to drive is that Experience triumphs over everything else. China had suffered from SARS outbreak in 2002 to 2004. It has an experience in handling virus outbreak.

As we can see, the USA has everything it needs to tackle pandemic effectively. But it could not. The same thing applies to investing as well. There are examples where highly educated investors went bankrupt (e.g LTCM – Founder were Noble laureates – Myron Scholes and Robert Merton). At the same time, there are people with a decent educational background who can perform exceedingly well investment business (E.g Mr. Vijay Kedia is having decent educational background)

Also Read on FinMedium:  Ultratech Cement Valuation Excel Model and Intrinsic Value

The point is not to disrespect the educational qualification but to understand the importance of practical training in any field.

Instead of reading many books on investing, read few books and start investing right away. As you go along investing, the market will teach you things you may not have read in the books.



Source link | Twitter Profile

Disclaimer: The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the FinMedium or its members. The presentation of material therein does not imply the expression of any opinion whatsoever on the part of the FinMedium concerning the legal status of any company, country, area, or territory or of its authorities. For more info. please read our ToU & Privacy Policy here. If you have any concerns regarding this post, please reach out to us at finmedium@gmail.com

Every Wednesday and Saturday, we send Info-Graphic and FinMedium Weekly Digest newsletters to our 25000+ Subscribers.

Join Them Now!


Vivek Chitale

Vivek Chitale

Life long learner | Passionate about investing in the stock market | Trying to bring differential insights
Please Share Now :)