Drinking the financial Kool-aid

EVEN A DHURANDHAR CAN'T BEAT SEEING PAKISTAN HIGHER IN THE EQUITY SWEEPSTAKES THIS YEAR

- SHANKAR SHARMA

DERMATOLOGISTS KNOW MANY secrets.

But the best one is that Botox has long-term effects which are not all good. You are never told that. You are always told to start early and continue for the rest of your life. If this sounds strangely and suspiciously like the “Mutual Fund Sahi Hai” campaign, it is merely a coincidence.

We have been told that mutual funds are right for you by many luminaries, in fact, by the biggest one: Sachin Tendulkar. The fact that he is probably not a registered investment advisor (RIA) to be dispensing out investment advice (lesser mortals are routinely handed out multiple-period bans and penalties for doing precisely this) is just as ymptom of the problem—the present or the immediately-previous bull market is the first one which has been driven by social media and aggressive marketing by every interested party. Before 2020, our bull markets were largely incestuous love-fests—professionals transacted with each other and amateurs were excluded.