In life and markets, it is often true that the heart wants what the mind knows you can't have. And if you listen to your heart, it could lead you wrongly.
The first rule to follow is to set goals, according to Feroze Azeez, deputy chief executive officer at Anand Rathi Wealth. After all, even a map application asks a user to input a destination before displaying the way to get there, he said.
On the latest episode of NDTV Profit's Big Decisions, Azeez lays out the other rules of the mind, which include ensuring that a goal is reasonable, developing a plan to reach the goal, avoiding distractions along the way, and adjusting strategy where required.
However, all rules of the mind are useless if the rules of the heart aren't followed, Azeez said.
Watch the episode to learn how to become a successful investor.
Watch the full video here:
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