Every post by every finance person is to sell you something! So I am here trying to sell my books, advertisements on my blogs, ads on my YouTube Channel, seats in my training class.
Is there any “free” blog? No. Every written word, blog, video log, oral communication, media appearance, seminar, webinar, Instapost, wassup, email, letter, phone call, or text is in some way, directly or indirectly, a solicitation for some kind of product or service. And if it isn’t, well at least you erred on the side of caution, or you did not understand what product is being sold, you have not seen hard enough!
None of us, repeat, none of us are here to do you a favor. For example, when you read my blog, I am here to have fun. Yes, you will learn, and the MOST important thing for you to learn is: all my examples are from my portfolio. My successes and dramatic failures. However, you cannot run your portfolio based on just my blog.
Assume that most of us are decent people, you will also have to accept that we have scumbags amongst us. Bankers like RK Talwar do not exist anymore. CA like H K Bilpodiwala have also gone. You have to deal with bankers and auditors who are much lesser humans.
Wait a minute, DHFL is a fraud, right? Remember the promoters paid up Rs. 55,000 crores (read it again, 55k crores) and then ran out of money. Seriously big money. Santosh Kamath recovered money given to DHFL – none of the other lenders did. Did you know this? Will our media talk about it? Well, well. So the next disclaimer is about the Media. If you do not understand how it works, you are up shit creek.
If you have seen a lot of the market people, it still does not mean you have seen everything. Most industry players are here to make money – finance, pharma, auto, – does not matter. A stupid investor and a greedy service provider are an amazing combination to lose money – and nothing can stop this. Creating stupid, unnecessary, expensive products is a part of every industry – and the regulator is very compliant with the industry!
Passing laws to save the investor is useless. The idiot on the road will not even read the form which he signs – how do you prevent him from getting hurt?
Go, have fun.
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