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...
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I don't think that you quite grasped what the word 'Intelligence' means, in context of Govt. Departments, that is - and this is quite surprising given the fact that you are a grown up guy, rather than being a disgruntled teenager!
ReplyDeleteThese are the branches that most of the public service departments of the GOI have. Their job is to provide & receive covert intelligence reports which act as a pre-warning against any form of malicious activity against the concerned department(railways, in this case)- be it sabotage, or an impending terrorist strike. It is manned by a hand picked lot and presided by high ranking IPS & Railway Security Force officials.
And if your superficial post was a rant against the 'inefficiency' of such branches(which is a favourite past time for most of the young Indians), always remember that for every strike encountered, there are at leat a hundred strikes neutralized, more often than not by the same 'Special Branch Intelligence' you so stupidly mocked.