Life is really a series of lists. From shopping lists to school holiday lists to to-do lists, there are tons of lists to be made. The thing is, lists keep your life on track. They make sure that you do not miss out on any important stuff and provide you with peace of mind. Having a list handy, can help ensure that you don’t need to keep track of things on your mind constantly. For all these reasons, an investment checklist is something you should actively consider creating, in order to improve your ability to make optimal investment decisions.


summary

Author Atul Gawande in his book “The Checklist Manifesto: How to Get Things Right” talks about the importance of having a checklist in almost any topic and how it can help you in your financial decision-making journey. Listen to this Money Connect podcast by Edelweiss MF to know how you can create an optimal investment checklist.


key takeaways:

• Humans often make flawed decisions because they allow their decisions to be influenced by emotions.
• You can avoid many of these erroneous decisions by being disciplined about the decision-making process.
• The solution lies in adopting a checklist approach.
• Creating a checklist of important variables can have a significant impact on your decisions. However, you should make sure that before taking any decision, you follow and check the checklist consistently.
• A good checklist can be especially helpful in making optimal investment decisions.
• Many investment experts like Warren Buffett and Mohnish Pabrai follow a checklist approach to investing.

Atul Gawande’s book highlights the importance of making an investment checklist and sticking to it. You can listen to the podcast on the Edelweiss Mutual Fund website,
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, We hope you enjoyed this podcast and stay tuned to hear more podcasts like this on Investing Nuggets. If you are a bookworm, you can also read the summary of the book
Here
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