Q: What’s the worst investment you’ve ever made? And what did you learn from the experience?
A: Don’t fall in love. My big mistake was that I fell head over heels for the Nano.
What the heck is a Nano?
It used to be the “world’s cheapest car.” It was underpowered, under-equipped, under-automated and under-engineered. But because it was also underpriced, I willfully ignored all those other not-so-good “unders.”
The Nano was made by Tata Motors. The Indian company planned to make an affordable car for the young but rapidly expanding middle class in India before rolling it out to other developing countries. It …read more
