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
Yes. We need to respect and be proud of our past yet march forward into the future.
[QUOTE=raj_koth] [QUOTE=ramsey123] Basant, maybe we can take this forum back to the good old days where everyone discussed and chimed in as a community? If BC ends, it could mean the revival of TED.
[/QUOTE]
TED existed even when BC started but people would have felt the difference that it lacked life. Behind such active forums, there lies a sacrifice of an anchor who spent his time and effort selflessly for the welfare of community. People need not praise this person but should not do character assassination, affecting the morale of a truthful honest person. BC is not closed because of truthful subscribers but due to scrupulous malicious people who destroyed the temple of financial wisdom by spreading false lies. These people were not active subscribers nor invested true money following BC's principles. Next step has to be not Ted but something bigger than BC. Wish Basantji will resurrect again in a new avatar and guide his true followers/disciplines. Evil minded may claim victory now but would soon realise that they woke up a lion.[/QUOTE]
"Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime". This is going to be a big loss for new investors, but I am glad I had the opportunity to interact with you on TED, BC and in person during the Page AGM's. Any old timer here would have got your ideas and thought process by now, that in itself will take us a long way. Having said that, I wouldn't say good bye, as there is a lot more to come from BM and I look forward to be part of it.
Dear Basantji,
I am one of few unlucky fellow who found you in 2015 (wish I knew about you few years ago).
I came to know about you through a friend and was totally delighted when I saw the IIM video on youtube. After seeing all the videos, I spend next month or so reading most of the threads on TED esp. My investing strategy.
Next, I read your book and it totally blew away my mind. "One up" and "TI" are top 2 books in my library and I've already started reading TI second time and I am sure I will read it many more times. I joined BC in April 2015. Even though, the journey is short I have learned a lot more than I have in 5 years of being invested in US market. I am proud to call myself your student and hope to learn a lot from you for many more years through social and TV media.
Best Regards,
Rajesh
Dear Basantji,
After 2008 crash, I was away from market and looking for some guide. I tried many and there are sometimes, I was holding 3 to 4 services.
After reading one of your post, I have joined bc to try once. Immediate after, I felt like , I was part of one family. I experienced that you are the person who speaks what is in your heart. You are so good in your way of reply which transformed your ton of experience in few simple words. It helped us lot to easily to covert other assets into equity.
In short, it is golden period for us. It is very unfortunate that it ended in short time.
Thank you sssoooooo much for everything .
A True story
Once upon a time there was a doctor. He used to treat patients free of cost. He cured several patients and had a huge fan following. The doctor then got bored of it and opened a small private clinic. He used to charge a small fees for his advice & services. The patients were very happy with the doctor as their ailments completely went away. Some not only gained their health and wealth but also their confidence back. Some made careers out of it. Some prevented ailments by just listening to the advise the doctor gave to other patients. Some acquired healthy practices from the pearls of wisdom the doctor shared with everyone. The doctor had a huge influx of patients, he increased his fees, but new patients just kept on coming and his popularity continued to grow. While working at the clinic, the doctor also wrote a book, a best-seller in which he poured years of his knowledge & experience. Many people flocked to purchase his book and became die-hard followers. Seeing his popularity, some competing doctors got jealous of him. They began a deliberate campaign to deride him, malign him. They even sent some rogue patients and falsely accused the doctor. The doctor being a saint tried to cure these rogue patients as well but they had been brain-washed and damaged beyond repair. Seeing the adverse reactions from some patents and jealous doctors, the doctor lost his patience and decided to close the clinic.
The doctor is presently contemplating his next steps and his die-hard followers are watching. The group of jealous doctors are celebrating as their objective has been met, but they don�t realize that some of them have been un-masked. They don�t have a career anymore. The doctor may decide to only do open-heart surgeries or brain surgeries from now but that is the doctor�s choice. As the clinic closes, the patients are teary-eyed, but are thankful to have met the doctor who completely changed their lives.
I am one of those patients who went to the free dispensary, then to the clinic, and learnt a lot from the doctor. I will follow you wherever you go doctor saab.
Good luck!
Basant sir, I am really lucky to be part of TED & BC from very beginning, it is almost decade now. This has given huge learning & 'dream big' on investment. I will really miss this forum tremendously. Thanks lot for all the knowledge, guidance & hand holding in investment. Wishing you all the best for your future. Please be in touch in some way. Thanks again.
Thank you. I remember you telling me how no one in your family believes that you made crores from the market.
[QUOTE=lucksravi] Dear Basantji,
After 2008 crash, I was away from market and looking for some guide. I tried many and there are sometimes, I was holding 3 to 4 services.
After reading one of your post, I have joined bc to try once. Immediate after, I felt like , I was part of one family. I experienced that you are the person who speaks what is in your heart. You are so good in your way of reply which transformed your ton of experience in few simple words. It helped us lot to easily to covert other assets into equity.
In short, it is golden period for us. It is very unfortunate that it ended in short time.
Thank you sssoooooo much for everything .
[/QUOTE]
People are jealous not just on such high cagr returns but on large capital base too. They want proof as they could not believe it because they lived in their own prisons/cucoons. Even if you disclose the process openly (through TTI), they will not read it to become wealthy but still demand contract notes. Such is life and such is this world. God gave baghavad gita but still we people curse Him for our sufferings and misfortune.
Till recently you didn't advice any pharma company stating that you don't understand the sector. What other example is required than this to prove your honesty & humbleness!!
I don't think any expert or advisor will say that he doesn't understand about some sector/company, they will give some nonsense opinion rather than accepting their ignorance.
Posted on:6/29/2015 10:03:09 AMMonkey
Basantji, feeling quite nostalgic - logging in to TED after such a long time. Feeling sad about closing of BC. Many many thanks for BC and TED. Wish you all the best for future.