People fail to believe or have trust.
We, the people, make same mistakes again and again, yet never learn from it.
Why do people take undue advantage of us?
Any Guesses…..Because we give them the sole right to take from us.
Have a look at these headlines & try to understand our behavior.
Sanskar Investor Scam – 100 Crs
Saiprasad Group of Companies Fraud – 4000 Crs
Maple Group fraud – 400 Crs
Q-Net Multi Level Scam – 2 Crs
Janata Sahakari Co-operative Bank Fraud – 5 Cr
Defence Personnel Co-operative Hsg Society Scam – 3500 Crs
The Royal Twinkle Star Club & Citrus Check Inns Scam – Over 8000 Crs
DSK Scam – 2043 Crs
Rose Plotting Scam – 400 Crs
Amit Bharadwaj’s Bitcoin Ponzi Scheme – 2000 Crs
Rs. 20000 Crs Scam in Pune in 5 yrs
A Dombivli Jeweller duped people of 15 Crs
According to Financial Stability Report released by RBI on June 26 says, In 2018, there are more than 6000 registered fraud cases amounting to losses of more than 30000 Crs.
In my understanding, people are growing impatient & lack three important virtues of investing – Contentment, Pragmatism & Contemplation.
Contemplation states that Blindly chasing investments for Windfall Returns has its pitfalls.
In current market situation, not a single entity or person can assure or guarantee you extra-ordinary returns.
Patience is a good virtue.
Please remember the fact:
Great Returns / Success is derived from Long Term Patience, Contentment, Pragmatism & Contemplation.