Amazed that in a country where every data and content aggregator wants your data and articles free….there is speakasia.com!
They want to pay me for MY OPINION and the opinion of other people that I am able to collect.
More amazing that people believe that this is a marketable product and 19 lakh people are willing to pay the upfront fee. If this is not a Madoff scheme (some smaller people call it Ponzi). Do you realize that Madoff far, far outdid Ponzi?
Do you not think we should call such schemes Madoff scheme? Should Ponzi not be allowed to retire please? Bechara kab tak pitega? L O L
Frankly I do not think it is about schemes. It is about people. There will always be dishonest people, and there will always be greedy people. Put the two together, and you have a fantastic recipe for disaster…so speak asia is just one such instance.
Children of people who lost money in the Harshad Mehta scam, UTI fiasco, Ketan Parekh scam, ….and millions of ponzi, fixed deposit schemes should analyze what happened. When they do an analysis they will realise that it is not the market or the scamsters who created the loss, but it is they themselves.
Remember the Asterix dialogue….’We just found out who the enemy is….IT IS US’ ….the most amazing statement as far as investing is concerned. The damage that we can create for our portfolios by churning, being obstinate, sentimental, foolish, biased, …is far, far greater than the damage created by market volatility!
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