Hong Kong, Aug. 7 -- If you ever find an investor or advisor who claims to know a lot about money but says they never got their hands burned while investing, turn around and run the other way. "Or call me, for such unicorns are the stuff of myths and investment mistakes are inevitable," says Asheesh Chanda, founder and CEO of wealth management firm Kristal AI.

I've been an investor for over two decades. In my role as a financial advisor, and as a startup founder, I have learnt more from my mistakes than from my successes. For when you are succeeding at the game, it is human tendency to believe one knows it all. It's only when the best laid plans go awry that one looks deeply at the game plan, and the loopholes thereof.

So, let me tell y...