We have heard No Pain No Gain concept everywhere but it is not always suitable for all situation. When we do a workout then we keep getting pain due to training of different muscles. But if we do a workout in a wrong posture then we get pain without gain for a lifetime.
When we go for so-called advisors then they do not have any knowledge of problem or solutions but also they suggest a solution for a particular problem. They also suggest that things can worsen before it will get better. Without the availability of proper solution, things will be going to worst and we believe that it has happened as an advisor has warned. And if things get better suddenly, advisors say that it’s because of my solution. So, both the side he will win.
Investment – I have met many people who used to predict market direction, they always quote that market seems dicey and can fall but also seems little chance to go up. So, either market fall or rise, the prediction proved right. We have to be careful while asking for a piece of advice. We should check the process, experience, knowledge first before the implementation of their bits of advice.
When any company making huge Capex then management tell us that we have to take short-term pain for getting better in a longer-term. It is true and management must have to take such a bet. But we have to check that does the company has the potential to grow in future? Does it have a strong balance sheet to take short-term pain? (If not then that short-term pain can become a disease for a lifetime.) So that we always have to make proper study before reaching to any of the conclusion. We have to develop a proper checklist which can tell us if we are missing any part to study or filter out a distraction from us.