These days almost every TV channel has its own talent hunt show, inspired by Indian Idol, showcasing judgement and other talent of of who is who of the music industry. Some of them even managed to have warring personalities like Annu Malik and Alisha Chinoy to share the same dais.
Stocks (and hence mutual funds) are often sold as something that give "assured" long term returns over a period of time. While this has been true for most of the times, and all time if we consider a long enough time horizon in India's recent history but is this always true? Can it be possible that stock markets can give lesser, say 10% returns over next 10 years? Or 5 percent annual returns? Or, taking inspiration from Nicholas Taleb, a black swan event happens and your end up barely recovering 80 percent of your principal amount (i.e. 20 percent loss) - Theoretically yes. Hopefully no. I am not a predictor of future, nor are thousands others who claim to have more than 1000% percent surety of future events. So, if you are contemplating taking a personal loan @ 12% for some financial need and want to be invested in a mutual fund for "assured" 12 / 15/ 18/ 25 percent returns, maybe you need to rethink. If you want to borrow money @ 12% just to inv...
U know what, I wrote a post on the same thing yesterday...But I guess, these shows are fun to watch :)
ReplyDeleteYeah ... often they r fun to watch , esp when u have likes of Himesh going gr8 guns !
ReplyDeleteBut eventually it becomes a bit irritating with people deviating from singing and indulging in emotional showbaazi to get sm brownie points.