Costly bullshit

will smith bullshit GIF

I love fiction! After all, who doesn’t love a fantasy that’s never gonna come true? Research reports by brokerages are some of my favorite works of fiction. I mean, the plot, the twists – these reports have made bullshitting an art form.

Free stock tips are like assholes, everybody has one.

Anonymous 😛

Every day tonnes of this bullshit is generated and retail investors mistake this bullshit for gold. And when that mistake is committed, This is the very costly result.

There are a gazillion other examples like these. The worst part is investors continue to afford them undue importance. At the end of the day, these reports are meant to do one thing – get you to do dumb shit and in the process generate some brokerage off you.

Here’s some muft advice for you as an investor:

Posted by Passivefool

A passive investor at present who was actively scammed once. Seduced by the humble beta, preaching to the choir now.

2 Replies to “Costly bullshit”

  1. The problem is regulator (SEBI) is blind folded to all this. They have created regulation but not sure if there is any follow-up on whether those are being followed. The concept of arms length relationship between investment banking and research arms of a securities firm is also lacking in India. Entire focus of SEBI seems to be on regulating mutual funds, which is a tiny part of overall stock market investments. Investors are loosing money elsewhere!

    Reply

  2. Prateek Agrawal July 16, 2019 at 7:18 pm

    Couldn’t agree more.

    Reply

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