Capital Myths
If you listen to Warren Buffet, the stock market is a device for transferring money from the impatient to the patient. If you listen to the common man, it is a place where the privileged gamble. The former is a practical statement from an experienced man, the latter may be a hope, a myth or a bad experience, depending on who you ask. During the corona crisis, India saw millions of new demat account opening in a matter of weeks. Many of them were the millennials , aged 25 to 35. Many got lucky as the crisis progressed and the stock indexes buoyed. Beginner's luck? Only time can tell. What seasoned experts can swear by now is that success in stock markets is not mere luck. It is a process and like all predefined processes this one migh...