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Investing decisions: How fear of future regrets shapes your decisions & how to minimise it

By Nimesh Chandan Alfred Bernhard Nobel was born in Stockholm, Sweden in 1833. He was a chemist, engineer and an inventor and held 355 patents to his name. In 1867, while experimenting with explosives, he discovered a mixture that had high explosion capabilities and was easy to handle. He named the invention ‘dynamite’ after the Greek word ‘dynamo,’ which means power. He set up huge factories to manufacture and supply the same and acquired a fortune as humanity used his invention for construction and war. In 1888, Alfred’s elder brother Ludvig died. The day after his death, Alfred was going through the newspapers to read the obituaries written for his brother. He realised that some newspapers had mistaken him to have died instead of his brother.

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