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
[QUOTE=RSS4245]Basant ji, I have been following you for last so many years & your guidance has helped me multiplying my wealth tremendously. I would like to thank you for your regular guidance, knowledge & pearls of wisdom which you shared from time to time.
You will remain a source of inspiration for all of us & I strongly feel that you will reach new heights very soon.
Wishing you All the best for your future.
Thanks once again for everything !!
Adapting one of Basantji's own quote on Page Industries. We have seen a page (TED) grow into voluminous book (TTI and BC). Am sure there will be volume 1 and 2 and more to come. Good things dont end. They just come back better, after a pause. As with all your family members, I am also hoping our Terminator would say I'll be back :-) But understand and completely agree with your decision. Because Cutting people from your life does not mean you hate them, it simply means, you respect yourself.. And this one is for all those whose actions led to this stage. One can fight evil but against stupidity one is helpless. � Henry Miller. All the best for your future Basantji. Vinay Ambekar
Thank you :-)
[QUOTE=yoda] I didn't know much about Warren Buffet, didn't at all know about Graham, Lynch, Munger but first Guru I saw on net in TED and I was amazed with open mouth while reading every word typed by him because I was 100% sure that stock market is Las Vegas of poor gamblers. Basantji, why I call you my Guru from very deep of my heart because you changed my perception about stocks investing upside down. You taught us to focus on few but very important jargons like ROE, business scalability and longavity etc. Now whenever I see new stock, I even don't rush to see it's price but it's market cap, then it's RoE and other few parameters. Your philosophy of investing I admire the most. All talk about 8th wonder online but I will talk about 9th wonder which my Guruji gifted to BCians - that is - "PERCENTAGE ALLOCATION OF STOCKS IN A PORTFOLIO" which leads to 'CAPITAL PROTECTION IN AUTOPILOT MODE'.
GURUJI, YOU ARE AWESOME, ORIGINAL, SINCERE, HONEST, and so many words (my bad english, less vocabulary).
YESS, YOU ARE RIGHT, WE ARE READY TO PAY EVEN 2 LAKHS FOR UNPARALLED QUALITY OF YOUR ADVICE AND MENTORING/TEACHING.
----------------
I will never say Good Bye to you. We have great example of the dog who entered heaven with the great Pandav Udhishthir. We BCians will be with you always wherever you will be in heaven as well as in hell (as we feel now).
This is my emotional state in front of computer screen -
https://www.youtube.com/watch?v=GlV3jJwxPKQ[/QUOTE]
Basantji, can't really have words to thank for the learning we had. I always believed in my stock picking skills but allocation strategy was pathetic. I am not saying good bye since I know you will be back after sabbatical. May be this time please avoid party poopers by going for "by invitation" only :) Would be great if you could please write few articles on TED avoiding stock talk if you want to. We have learnt to read your lips :). May be some folks will realise it a decade later what we have got from you. It is best to avoid these creatures who have robbed us continued learning. Best of your luck for investing career and any potential ventures!
Portfolio size from 5 lacks to 2 cr I proudly say it happened because of Basant ji and I associated( member of TED and BC) with Basant ji. TED and BC did not just provide stock recommendations, these provided daily stock market lessons. My portfolio size increased from less than 5 lacks(in 2006) to 1.95 crore( with investment of 79 lacks gradually - mostly in 2012, 2013). My Portfolio size increased because of priceless guidance and teachings of Basant Ji. 22/Sep/2006 - joined TED, 18/Nov/2006 - It was less than 5 lacks (Based on my first Portfolio checkup post http://theequitydesk.com/forum/forum_posts.asp?TID=601&PN=1). The TED and Basant's Corner helped me to put more money in to markets. I definitely miss daily Basant ji's classes.
Stunning. Thank you.
[QUOTE=muralimohan001] Portfolio size from 5 lacks to 2 cr
I proudly say it happened because of Basant ji and I associated( member of TED and BC) with Basant ji.
TED and BC did not just provide stock recommendations, these provided daily stock market lessons.
My portfolio size increased from less than 5 lacks(in 2006) to 1.95 crore( with investment of 79 lacks gradually - mostly in 2012, 2013). My Portfolio size increased because of priceless guidance and teachings of Basant Ji. 22/Sep/2006 - joined TED, 18/Nov/2006 - It was less than 5 lacks (Based on my first Portfolio checkup post http://theequitydesk.com/forum/forum_posts.asp?TID=601&PN=1). The TED and Basant's Corner helped me to put more money in to markets. I definitely miss daily Basant ji's classes.[/QUOTE]
Basantji, this is a momentous occasion, sad that such a important and historic forum had to be closed down. The cowards who disrupted this journey will face wrath in life and whatever new you build next will be even better and more successful. Hats off to you for showing everyone how to deal with such grave problems with dignity and humility.
You gave me confidence to invest so much money into the market while before even 3-4 lacs were invested with lot of fear! The journey though short has been a revelation with lot of learnings.
As people have already put it, morning tea readings or office commute readings will be missing a core ingredient.
Hope our association continues further, take a break and come back fresh and more eager!! All the best and may the Powers be with YOU!!
Eye opener for all. Especially to the fools who say that I took my subscribers for a ride by selling my shares to them.
[QUOTE=Sana M] How can I put in few words or few sentences what it means to be part of BC. I am in stock market since 15 years and had lost almost my lifetime of earnings in the hands of HBJs of this world. I came across BC at retirement stage of my career and decided to give it a try. I did not follow BC recommendations and advice all the time because of my bitter experience with various equity consultants who had managed to reduce my capital to 5% of its value.
As time went on at BC, I realized that here was a gem of a person � the one and only KOHINOOR with a crystal clear honesty and integrity and intelligence whose advice could be followed towards financial freedom. I did not fear retirement as I knew there was a rock solid support at every stage. So what, if, being a Muslim lady I do not believe in taking bank interest, I was sure Basant Sir would be always be there to generate sufficient returns for me on my investment.
As BC winds up within next 24 hours, I wish for a glorious future ahead for Basant Sir. May you keep on shining bright and be able to find a way to assist many more in future towards financial freedom. Ameen.
[/QUOTE]
Hello Bansanth-ji Many many thanks for all you have given us. Wish you all the very best. The learning from TED and BC will always remain with us. Hope to emulate atleast 10% of what you have taught. The stupendous rise of portfolio from few lakhs to a Cr+, has been all with your guidance. Thanks again !! It so happens that today is the last day at office, of my highly regarded Japanese counterpart too. What a sad day :-(
Posted on:6/29/2015 7:34:33 AMbasant
Cheer up Babu Moshai.. life moves on.. in 9 years we have minted money right from Pantaloon to Page so just have faith that things will be better from here.
[QUOTE=catchsudipto@gm] Not able to retrieve my old passwd for last 9+ years so decided to open a new one. What to say never thought a month before that i have to see this day or read your Goodbye message from you. All those happen in a few days. Cant even that what will i do from Wednesday's evening. After office i user to glue to BC like a Gluestick. Leave apart my Wife even my 10 years old son used make fun of me as he used to say OH NO BC AGAIN whenever he user to see BC in my Laptops screen. He used to say "Basant Guruji Ghan"....... In my 44+ years of life, a few good things happened in my life and i rank TED & BC within TOP 5.� I am still not out of the shock that TED & BC is closing. � I Congratulate all my fellow ted & BC members for this wonderful platform, without� their help TED & BC could have never reached this height. WISH you all the very best in life.[/QUOTE]