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
Dear Basant ji
Thank you for your guidance in TED (where I joined a bit late), and in BC (where I joined from the beginning). Its been a wonderful journey of learning and earning. Sad to see it coming to an end. But wish you all the best for your future.
"my subscribers were not clients to me - they were a part of my extended family".....So true sir..... We are a family now....will always be in touch with you.....Really feeling sad,Heavy hearted.....Good Bye BC...Not BM....
"my subscribers were not clients to me - they were a part of my extended family".....So true sir..... We are a family now....will always be in touch with you.....Really feeling sad,Heavy hearted.....Good Bye BC...Not BM....
so true ...
good bye bc not bm sir ....
Basantji it has been a tremendous journey with you for these last 7-8 years, my greatest learning from BC has been to Invest without Fear, I was lucky to have found you early in my life and you guidance changed my life for the better. You will always have a special place in my heart, I wish you all the best for your future Ventures. Thank you for everything from the bottom of my heart.
You are the one who made me realise that wealth can be created through equity investing and showed right path for it. Would never forget your contribution towards shaping up my investing life! These ups and downs will come and go but you will remain great inspiration for me throughout my life.
[QUOTE=bharti] Basantji, I still see a banner on top of this blog "Join Basant Corner"!!� I am clicking on it to join again!!! [/QUOTE]
You can join Basant now. ignore the last word!!!
My Original ID on equitydesk is Kapil1301 today re-registered as no longer using the mail I was using 7-8 years ago and for these 7-8 years the one thing i followed passionately was you Basant Sir either at the equitydesk or at the Basant Corner.
I dont think/imagine anybody who has followed you for more than 2 years can put even a point on your integrity leave alone a question of QUESTION MARK!!!!!
Sir it is not you who are losing by closing the Basant Corner but its your die hard follwers like me who are losing.
But we are understand your decision as even after doing so much for the subscribers some have made the material of Basant Corner public and also raised question on your attitude.
Just did nt know that there exists a certain kind of breed of people who pay 50k-1lac for a subscription and than made it public.
I think these kind of people need you more as they need to learn from you PROPER CAPITAL ALLOCATION no doubt they did not find Basant Corner worth it.
Since your announcement of closure of Basant Corner I have been watching your videos on You Tube - Your interview in Money Money and CNBC TV18 and reading your book.
It is really sad to see a person like you having Infectious Positivity and such a gentle attitude being dragged into all this but sir we are sure eventually you will Come out as Winner as has always been the case with you --BETS.
Will look forward to all your interviews and eagerly waiting for them as thats the only medium for us to learn from you.
Best Of Luck Sir (Although I know we will need it more without your guidance)
Correction : as has always been the case with your --BETS.
Posted on:6/29/2015 6:27:36 AMsmart_prof
rue story: Once upon a time there was a doctor. He used to treat patients free of cost. He cured several patients & had a huge fan following. The doctor then got bored of it & 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 & wealth but also their confidence back. Some made careers out of it. Some prevented serious 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 & 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 & became die-hard follower . 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. Good luck doctor saab!
Great
sir this is fantastic and great i advise all those guys also to read this .this is poosted by one of my Bc freind ... hats off