After reading others response, to me, personally, the most undervalued asset are my parents.
I do know this is not what the author wanted but after reading others response, my two cents on this aspect
As far as financial asset is concerned, the most under rated (i would say not undervalued) are our FIXED DEPOSITS, post office mis, kissan vikas patra ( not sure if it still exists)
I agree. Do not really find them to be undervalued or underrated. If no awareness, the first thing major chunk of the populations park their money is into Bank.
However, you may have your own reasons for you to believe this. After all, what we value and what we do not in the financial world comes only after experiences.
Money management and trading psychology. They are quite underrated.
Money management:- without money management it really doesn’t matter how high income is or how much profit was made, everything will fail if there is no money management. This carries for life as well. I see so many people chasing higher pay/ income but never realise the amount of pointless debt and liabilities they take or the increase in their lifestyle inflation .
Trading psychology:- we can just call it psychology. This quite carries for life. Because this is the engine that turns the money management. Reading some books and videos helps. Below books helped me making a big mindshift. I would recommend it to others too
Rich dad poor dad by robert kiyo saki( understanding basics of assets and liability , cash flow patterns)
Four hour work week by Tim Ferris
How the economic machine works - video by Ray dalio to understand fiscal policy and govt better
Hidden secrets of money - videos by mike maloney to understand monetary system and keyensian economics of inflation
Discipline equals freedom by jocko willink ( best book for discipline )
@raoawesome personally, I super agree with you. If learned and applied well, what an asset these both could turn out to be in the longer run. After all, the wealth that stays with you after you earn it is directly/indirectly a result of your management and emotions towards it.