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 day without bc , sir no words left in my dictionary for your contribution to my and fellow members , u must really feel proud for what u have achieved with bc and ted , it was your out of the box thing
Actually, I'm proud to have supporters and well wishers like you.
[QUOTE=zulfi] First day without bc , sir no words left in my dictionary for your contribution to my and fellow members , u must really feel proud for what u have achieved with bc and ted , it was your out of the box thing [/QUOTE]
Sir, visiting TED after a long time just to read your updates/responses, in fact tried to login to BC too :-(
It is really closed, some habits hard to forget.
SIR, I HOPE WE ONLY PART TO MEET AGAIN.
Basant Sir,
Pls think of launching full fledged fund management platform which has atleast seven years of lock in period with freedom of investing in listed as well as non listed companies.With you as fund manager this platform will rock and will set new benchmark in world of investing.We can take a cue from prof Bakshi on this front.He has kept touch with learning/teaching part of investing and at the same time managing realtime fund.
Thanks and waiting for some positive news....
Basant sir,
I have great regard for you and your teachings especially the positive and big thinking like Kapil Dev inspite being just being reader of your forum and book.
Is there a plan to keep this discussion forum alive and active like past?Pls comment
[QUOTE=basant] Thank you. But don't forget that it was your money and conviction that made you all hold the stocks on pretty large allocations.
[QUOTE=raman.tiwari] Thanks Basantji for all your guidance, I joined just 1.5 years back but was able to double my wealth on a significantly higher amount of capital employed.
Also, I would like to highlight that you have a very clear thought process and your ability to reason out stock X in favour of stock Y is immaculate. It was great learning from your views and has given me a very good direction in my thought process related to equities.
Only repentance is - What was I doing in the years before I found Ted and you!![/QUOTE] [/QUOTE]
sir conviction on your stock picking or our own conviction on those buisnesses ...i always say buisnesses not stocks as [per your learning
[QUOTE=raman.tiwari] yes it was, but results are much better with a bit of handholding.[/QUOTE]
sorry to desturn it was not only a bit but was quite a lot ....atleast for me ..
thats an excellent idea
Posted on:7/1/2015 9:26:08 AMraman.tiwari
yes it was, but results are much better with a bit of handholding.