Gourmet cake, ginger, and some fries on the side
Have you recently met any of your relatives or close friends who had a new birth in their household? There are decent chances that you were asked to suggest a good name for the child! The chances are even higher that the parents had already decided on a name for the child and your suggestions were not considered at all. Nonetheless, the parents and grandparents rhetorically toss this “Naam Batao” (Suggest a good name) inquisition at everyone visiting their home to bless the child. Something similar is the situation with the household investors. They tend to show their investment portfolios to everyone remotely connected with the financial world and seek suggestions for restructuring/rebalancing. The problem most of the time is that they have no intention to follow the suggestions. Usually, they are just seeking validation for their investing actions or boasting about their investing acumen. I understood this Naam Batao game a long time ago and stopped taking the bait. However, as ...