Suddenly remembered one of my earliest conversations on investing as a teen. I asked my dad something about how investing works, and by way of Socratic teaching, he asked me if I’d invest in a tungsten stock, given what I knew about tungsten. This would have been ~1987 maybe.
Conversation
I’d recently learned about it in chemistry class and that it was used in lightbulbs and cutting tools, so I thought for a minute and said “sure, sounds like a good thing”
Then he shared that tungsten stock was one of *his* first investments and he ended up selling at a loss
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This would have been pre-liberalization India. The stock was probably in a quasi-public government tungsten mining company or something.
Anyway thought it was hilarious given current tungsten cube craze 🤣
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