Dear Friends,
The events of the last few weeks leaves me in a state of discomfort. The mindless mudslinging by a few hiding behind the burkha of internet pseudo names - with a motive that is as elusive as their real identity has left a bad taste. I am surprised as to why most people would rather bring somebody down than try and stand up to his height.
Maybe this is a way of life which I am getting used to.
Added to this was the selective leaking of research write ups and all other information that I used to share on this platform. In fact people created What's Up groups where sharing of copyrighted material had become a norm. One person had conveniently put my research report on a Facebook group with over 2000 members. All this has been a pain to deal with. I have the names and voice samples of the culprits here but have resisted in going ahead as they are young professionals with a few decades of work life left ahead of them.
In my nine years of online activity I have never backed away from an argument. But those arguments had always been with people whom you knew existed. And not with people who just had a mischievous intent where one person created half a dozen identities and kept posting across the web. I refuse to be drawn into a fight where my opponents identity and existence remains hidden from the real world.
I am willing to argue with anyone on anything - anytime. But the person should first lift his veil and reveal his identity. As I always say internet blog sites are a funny place. It is an arena where people who buy 50 shares scream the loudest while the ones who buy 5000 don't write they just read.
I have always believed that people will value integrity, over intelligence and intelligence over wealth. I have played the game fairly for all the past nine years and need no proof from anonymous onlookers to prove the same. My subscribers most of whom I have known for almost a decade continue to back me on this with full might and strength.
It is true that Basant's Corner was creating ripples. Who likes to see people learn and earn - both at the same time? Business strategy suggests that clients should be educated only up to a point and not beyond it. But I went ahead as my subscribers were not clients to me - they were a part of my extended family.
I have had requests from people as far as Australia & America and as near as Dubai that they are willing to fly down on 24 hours notice to any place that I suggest to vouch for my credibility. My inbox is full with hundreds of mails of appreciation and accolades. Thank you all for your help and support. I wish I could have reciprocated the same by being with you for ever.
People come to the market to make thousands. At Basant's Corner we made crores. It was a collective effort where people postponed buying off houses; cars and jewelry as they embarked on a journey to financial freedom through stock market investing.
Most of them have succeeded and the others are well on path to it. Maybe this worries the onlookers.
It isn't easy to create reputation in the online world. The reputation and support that I have created is easily the subject matter of envy for many. It has disrupted thought processes all across. Moreover, it has encouraged people to be smarter in their financial dealings making them better managers of their own money. Maybe this also hurts. Who knows?
No one becomes rich by envying others; no one grows in life by feeling jealous. Being envious and jealous doesn't help one to swallow someone else's gain with a little less pain either. In all it just increases the suffering. But that is not my problem as I have always tried to learn and excel rather than abuse and insult.
Then there is this talk of me blocking off people on Twitter. This is true. If you have an intelligent discussion to make I welcome you with open arms but if you just have an axe to grind - my doors shall remain closed for you. I do not engage in needless accusations and unnecessary fights so the best thing to do is to raise the boundary wall of my house.
Guys, we talk of our 5,000 year old culture; we talk of India becoming an economic superpower can we do that if we keep engaging in mindless mudslinging? Had I been a thick skinned hippopotamus engaged in cutting corners I would have continued to run Basant's Corner instead of closing it. Someone told me that politicians get insulted all the time but still do their job. My answer was 'Maybe that is why I'm not in politics'.
No one closes down a business which is in its prime. I could have doubled subscription rates and kept back 80% of my subscribers but making money wasn't as important as sleeping well at night. I never took this job as a business or else I would never have closed it.
All this talk of me closing this out of fear is as bizarre as the other allegations. At an oportune time I might show as to why I have got nothing to fear about. But I am unwilling to open my defence in front of all and sundry.
My members have been under my skin to ignore this even as my phone rings continuously. But once a decision has been made we can't go back.
My final message for my friends who are so near and dear to me remains the same:
'Dare To Dream with Stocks
&
Invest without fear'
I wish you all the very best in the times to come and my sincere apologies again for leaving you midway like this.
Maybe life has a bigger role for me. Will surely come back to you then.
I look forward for your support and well wishes.
Yours Truly,
Basant Maheshwari
First post to write a good bye, what an irony! Some joined when TED started some joined when BC started some in between, few joined very late, and all are injected with good doses of wisdom. Late comers like me waiting for the next avatar to be present from the first day!
Good stock ideas are rare agree, what about a stock guru? There are many good and bad but we all are lucky we found the best, this opportunity is rarest, listen, follow, the interactive part is to an end now still� Happy investing to all friends and BasantJi . Good bye and best of luck!
Dear Basantji,
I have generally visited TED mainly to gain knowledge and have posted very little. A major factor is due to my being an introvert. Hence, you may not recall this person. Probably, you will remember if I say that at the Page AGM last year, I gave you the book, "Antifragile". My posting has been limited because I feel that I hardly know anything that is not known already known to Basant, the intellectual giant in the field of investments. I started investing in the 1980s, mainly in IPOs. I became an active investor in 2001 and experimented with various styles viz. day trading, short term trading etc. even though I had read most of the investment classics. Before joining TED and later BC, nothing would have tempted me to buy atleast 1 share of Page Industries, considering the high PE. But, learning from you, Page has now turned out to be my most fruitful investment and you, Basantji have given me the confidence to make a living from stocks. (My family is not so sure yet!!).
However, the news of closure of BC hit me like a bolt from the blue. I felt as if, from the comfy confines of the "Titanic", I was being thrown into the icy waters of the Atlantic ocean. However, I respect your reasons for doing so. I was a frequent user of Moneycontrol Message Board in 2002-03 and from the behaviour of some uncivilised boarders, I felt that visiting MMB was a waste of time. It was only after hearing about the attacks on you on MMB, I reentered MMB and did try to reason with naysayers. However, social media is more like the Wild West and you will have outlaws since it is so easy to shoot and scoot. I hope that this break will bring you some respite. Hope to keep in touch with you through TED and also when you visit my city. God bless you Basantji.
Dear Basantji,
TED and BC both are closed, beyond many other things I regret the most is a forum to have a regular interaction with you. Its like a what oxygen to life for any serious investor.
I joined BC more from being in touch with you than any other reason. Having been associated with you, I somehow developed a sense to read your mind and frankly what I read on BC is mere reinforcement of that.
Well, in one way its good that we all now will be more diligent in our future investment decisions in your absence and guidance. Life goes on...
Wishing you all the best, wealthy you are already so I can wish for your good health and happiness ahead :-).
Regards,
Manish
Dear Sir,
We cant thank you enough for the knowledge you shared without holding yourself back, your integrity and honesty cannot be questioned in any way . In today's world where people gather knowledge to get ONLY monetary benefits , you broke that rule and involved ALL of US here to share and increase our skills which helped each one of us tremendously .
Similar to Basant Ritu which makes our earth smile, your very presence with us has and will always bring the happiness,and wealth and celebration in life . Sir, you have lived and still living up to your name . THANK YOU SO MUCH . We all are here in your support sir and our best wishes with you.
To all the sincere old and new members of BC group , let us keep this knowledge sharing goes on and help each other to grow and make money , which was the main motive of our master and the Basant Corner and if we stumble anytime , am sure we will get the guidance from Basant sir in one or the other way.
Thanks a lot again in making so much positive impact in our life .
Wishing you more happiness, wealth and as you always said "in hope we all live", we all are living in a hope that you will again come back for all of us to guide us :)
Best regards,
Closure of TED/BC is very unfortunate to the serious investors. Many guys like me has learnt the ABC of investment from TED. Due to melacious intetion of few, the entire investor community is suffering. Thanks for providing guidance for so many years.
I wish the crowd tried to think about what I said rather than talk. Anyways that is life.
[QUOTE=equity-shishya] Providing high allocation to best ideas- Being lazy in taking profits from the table- Cutting the losses quickly- Not being afraid to bet on high PE stocks.For the silly people who claimed that your appearance on TV talking about your stocks diluted your service - There is HUGE difference in coming to know of a good pick in 15 mins of TV talk and ability to build conviction to allocate more than 10% of your portfolio - this was BC forte in my opinion.Although i would sorely miss BC, at least i am a better investor now compared to 3 years back.Thanks for everything and all the best :-)regardsArvind�
[/QUOTE]
Thank you Believe me I would be missing all of you as well. .
[QUOTE=mcbindal] Shocked to read your Good Bye message Sir. I have no words . My eyes are full of tears.
I learned a lot from you Sir and salute to your great advice to us which help me a lot in my life.
Miss you a lot
Warm Regard by my end of the heart.
Mahesh Bindal[/QUOTE]
I'm overwhelmed. Thank you.
[QUOTE=rajeshnl]
Good stock ideas are rare agree, what about a stock guru? There are many good and bad but we all are lucky we found the best, this opportunity is rarest, listen, follow, the interactive part is to an end now still� Happy investing to all friends and BasantJi . Good bye and best of luck!
[/QUOTE]
I clearly remember you! Thank you.
[QUOTE=cooldude] Dear Basantji,
Probably, you will remember if I say that at the Page AGM last year, I gave you the book, "Antifragile". My posting has been limited because I feel that I hardly know anything that is not known already known to Basant, the intellectual giant in the field of investments. I started investing in the 1980s, mainly in IPOs. I became an active investor in 2001 and experimented with various styles viz. day trading, short term trading etc. even though I had read most of the investment classics. Before joining TED and later BC, nothing would have tempted me to buy atleast 1 share of Page Industries, considering the high PE. But, learning from you, Page has now turned out to be my most fruitful investment and you, Basantji have given me the confidence to make a living from stocks. (My family is not so sure yet!!).
However, the news of closure of BC hit me like a bolt from the blue. I felt as if, from the comfy confines of the "Titanic", I was being thrown into the icy waters of the Atlantic ocean. However, I respect your reasons for doing so. I was a frequent user of Moneycontrol Message Board in 2002-03 and from the behaviour of some uncivilised boarders, I felt that visiting MMB was a waste of time. It was only after hearing about the attacks on you on MMB, I reentered MMB and did try to reason with naysayers. However, social media is more like the Wild West and you will have outlaws since it is so easy to shoot and scoot. I hope that this break will bring you some respite. Hope to keep in touch with you through TED and also when you visit my city. God bless you Basantji.
[/QUOTE]
Hello Basantji,
Best of luck to you in your future endeavors. The creature that you created called TED helped so many of us learn about investing and set us up for life. Many thanks for that. While I never joined BC, reading the previous posts shows that it was a great experience for your subscribers as well.
I recall reading about your family biz setbacks and how you emerged stronger from those. I'm sure you will do better this time. Good luck and God bless!
[QUOTE=footy] Hello Basantji,Best of luck to you in your future endeavors. The creature that you created called TED helped so many of us learn about investing and set us up for life. Many thanks for that. While I never joined BC, reading the previous posts shows that it was a great experience for your subscribers as well.I recall reading about your family biz setbacks and how you emerged stronger from those. I'm sure you will do better this time. Good luck and God bless!
[/QUOTE]
I am super bullish about my future as I am always about my stocks. Thank you.
Posted on:6/30/2015 1:05:23 AMKabootar
Dear Basantji,
Thank you for the guidance you have given me. It was my fortune to join this forum at a time when I was looking for positive influences in investing. In times of doubt, I would refer back to some of the threads here, especially the ones on you investing strategy and your story of success in investing. I have tripled my gains by learning from you and TED, though the learning from you is many times more valuable.
Wherever the journey of life takes you, one hopes it will be to bigger and better heights.