Did you deliberately make bad decision?

Did you deliberately make bad decision?

Did you deliberately choose failure in life?

I really doubt that any person would ever deliberately make wrong decisions?

We always take decisions using our best abilities, but often the decision goes wrong and we suffer.

Let me give you an example.

I purchased a flat in 2012 in Noida after doing market survey for over two months. The flat was to be handed over to me in 2014 and we got it for a price of around Rs 60 lakhs. It was a great deal and many friends complimented me for my decision then.

However, my decision turned out to be a bad decision because,

• The flat was delivered to me in 2018, four years behind in the schedule due to financial problems of the builder.
• The prices of the flats have come down in real terms and today the same flat is available at Rs 55 lakhs. If I would have invested that same amount in bank, I would have got around Rs 1 crores by now and I would have purchased a same flat for just RS 55 lakhs and saved Rs 45 lakhs.

Should I repent for my decision of investing money in real estate, which caused me a loss of Rs 45 lakhs?

Would the things would change, if I repent?

The answer is no.

Should I learn from my mistake and stop making investment in real estate in future?

The answer is again no because this may be the best time to make such investment because real estate may go up in future.

It is important to understand that there was nothing wrong in my decision which was taken after due deliberation.

In 2012, I would not have foreseen that there would be a slump in the real market or that there would be demonetization or GST, which would adversely affect the real estate prices.

As a matter of fact, an identical decision fetched me good profit in the past.

• I purchased a flat in 1999 for Rs 12 lakhs, which was sold in 2012 for Rs 80 lakhs. There I made huge profit or over 550%.
• I considered myself smart when I purchased flat in 1999 and everyone complemented me for my decision.

However, I now feel that I was just lucky then because I invested at the right time and the market factors turned out to be in my favour.

It is important to understand that we can just make decisions based on our best understanding of the subject.

However, the success of decision depends on many variables, most of which are beyond our control.

Hence, there is no point blaming yourself for taking wrong decision, because you did not take the wrong decision deliberately.

Your decision turned out to be wrong due to the factors beyond your control.

You must learn the lessons of this so called bad decision and move ahead.

One of the greatest lessons that you should learn is to not give undue credit to yourself, when you succeed in life.

You must never forget that your success, like your failures, depends on so many other people and factors which are beyond your control.

You should thank your chance/luck when you succeed.

You should similarly learn to make your chance/luck responsible, when you fail despite your best attempt.

-Awdhesh Singh

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