The previous generation, our parents, often shied away from investing in the stock markets. Their apprehension was not unfounded, given the financial scandals and economic crises that have rocked the investment world over the years. Here's a closer look at some of these events and their implications: 1. The 1992 Harshad Mehta Scandal: In 1992, (I was in class 12) the Indian stock market was hit by a colossal scam orchestrated by Harshad Mehta, amounting to 4000 Crore. This scandal caused the stock market to plummet by more than 50%, shaking investor confidence to its core. Example: Imagine an investor who had put their life savings into the stock market before the crash. The value of their investment would have halved almost overnight, causing significant financial distress. In response to this scandal, the Indian government passed the Securities Laws (Amendments) Act in 1995, granting the Securities and Exchange Board of India (SEBI) the authority to regulate depositories, Foreig...
Exploring the Paradox of Academic Excellence and Real-World Incompetence Unraveling the Dichotomy of Academic Brilliance and Practical Inefficiency Over the years, I have had the privilege of interacting with a diverse array of students, ranging from mature learners, parent-students, to research scholars. These individuals, adept at navigating their professional lives, often exhibit a unique perspective towards education, viewing it as a communal activity or a sacred journey of enlightenment and progress. However, a striking observation that emerges from my interactions with these research scholars and students is their ability to circumvent the conventional education system to achieve their academic goals. This phenomenon is not a reflection of their intellectual prowess but rather an indication of their survival instinct in a system that values degrees over knowledge. For instance, many of these students have been nurtured by 'helicopter paren...