Imagine if you had a magical newspaper that showed you tomorrow's headlines today. If you used it to play the stock market, you would become a billionaire overnight, right?
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett
In the past, building a corpus of wealth over time was considered a far-fetched dream for a middle-class salaried employee. Only a select few succeeded with strict and disciplined savings. But today, Systematic Investment Plans (SIPs) have made it possible for salaried employees to dream of and aim to achieve a substantial corpus over time, thanks to the power of compounding.
It was hot in the last week of June: 32°C in Zurich, 35°C in Milan and a scorching 40°C in Athens. I was in the thick of it, travelling across Europe for a sales roadshow. Ironically, Mumbai’s Monsoon offered far more pleasant weather. The European summer heat mirrored the heat in global conversations around policies, investments and uncertainties.
