Friday 17 October 2014

The Business of Investing


Most Indians confuse stocks and shares to be exact
 synonyms of shocks and stares!

A majority of Indians consider investing as an extension of gambling and have no distinction to make between investing, speculating and gambling. Those traditional minded Indians assume the stock market to exist only as a 'get rich quick' scheme ans irrespective of the odds the very act of engaging in a game of uncertain outcomes is assumed to be the quickest road to bankrupt.  The traditional Indian household has thus valued land, gold and bank fixed deposit much ahead of stocks and shares, maybe because it takes less skill to buy a piece of land or make a bank fixed deposit and even lesser thought to buy gold than it does to buy a bunch of stock. Personally, I have all my money in equities and have not bought any gold or real estate ever because I feel more comfortable making investment with an open ended dream of creating an out-sized gain, an event that is more likely to happen by buying a share of a business than by putting money in any other asset class.

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