Caveat Emptor—Let Buyer Beware

In most of my B-School classes, my students would be asked to maintain a simulated real-time portfolio.

- ASHOK KUMAR

One of the key lessons they self-learnt in the process by the end of the year is that wealth creation is a process and not akin to striking the lottery jackpot overnight, the possibility of which too is one in a million to put it figuratively.

I have read several news stories in the pink papers of market operators in the guise of market educationists duping their ‘student subscribers’ via a chat room where they are ostensibly educated on the technique of getting 1000% returns. I honestly do not feel too sympathetic about these gullible subscribers.

If they were greedy and naive enough at the same time to believe that such returns are possible or that there is some technique to do it repeatedly, good old Warren Buffet, the revered Oracle of Omaha might have been unheard of.