I work in a bank; a traditional bank in India, in Kerala; with orthodox, conventional people around me. The bank staff can be easily divided into two demographically with age as the parameter. One with people in the 37- 50 age group and the other in between 25- 30yrs. Now the first group of people are weird in their own peculiar manner. As in each one of them are insecure and comes narrow minded. Let me skip this part where I go on to explain categorically, each one of them, and reserve it for a later post. Anyhow the other sect with people of my age, is equally intriguing . I cant help think that they believe they were born into a football field, their home since, where one has to keep passing the ball or keep running or else they are lost! Though there a couple of Human Beings among the lot the majority of them fall into the former category.
Now each of the members of the senior group are kind of hostile among each other, good great god knows for what reason. And mind you between the two generations interactions are kind of less thanks to the tiger about to pounce on to the deer approach of the well “experienced” guys over the junior ones. But recently I was baffled by them coming together, when they started talking ecstatically and with much gusto and elicitation. Goodness gracious what the hell must have happened … even i was curious! So though I was busy doing my work I kind of kept that aside for a moment and definitely gave myself to the great occasion.
“That one suddenly started going up, the moment I gave it off” says one of the juniors. “I told you so, I have been doing this for the past 7 years. But see now my 2 lakhs is at stake too.” says one of the tigers. “Come on, you got that at 20 and you are complaining. What about me, I got it at Rs 28.” They are talking shares. Goodness, i couldn’t believe it. They were talking about their investments like they were some household material and like having just returned from the market (the real market where you get what you eat) to have found that the same vegetables or fish has become exorbitantly expensive over a matter of one or two weeks. Now on the first place god damn’t these are your INVESTMENTS !! Though academically not a brilliant student I did my post graduation in Finance and do have high regards and respect for the share market and investments in all. Now these people were seeing this just like a game of cards or a game of LIFE. Whats was your purpose of investing man.. oh purpose whats that dude ?? I saw that hovering at 28 and I believed that would go up by atleast 10 points in a week. Bought for 10000 buck. So thats around 360 shares. 10 points rise in a week gives me 3600… Wow thats a return you are talking of bro! Wake up dude … wake up which world are u in ?? What if it went the other way and thats exactly what has happened now …. Now the junior fellow peps up … ” This scrip was like booming this week … did u see that .. did u ?? 100 points up .. wow .. if we had that .. wow … ” Now this is what i call the baby’s day out in the ZOO …. Mamma … mammaa… there, look at that …….. Its a Chimpanzeee … wow … hoooo …. what a shape .. He’s so biggg mammaaa… I think only my HE-Man can topple him off… ” This is a syndrome … the guy had no idea about about share market and trading till 8 months back, the time he joined the bank. A delivery guy from a trading firm visits our bank daily to deposit the firm’s cheques and he influenced and prompted the guy into this. This is really interesting, how does he really view this. I have no idea. There is only one possible answer the guy is pretentiously just gambling. No, not even speculating. This is sad, yes really yes. Lets forget the backdrop pf share market, but the fact that someone is putting in his hard earned money into something about which he has no clue is ludicrous and utter nonsense. Where’s the rational ? Even the ones who claim they are the masters and have been doing this for the past 7 years have no clue why they are investing on a particular scrip!
Can’t help but remember the words of Mr. Warren Buffet which he attributed to the great Benjamin Graham’s brains, that one should know the company he’s investing. If you do not know where the firm is, what it does, its cash flows and markets do not invest. Remember the word in share markets should always be Invest. You are investing in a particular firm by which you are not just putting in money, but sharing its vision, mission and because you believe in its business model.
Anyhow they all, the tigers and the deers, united and transpired though in mis-understanding! God, save the market coz its these buggers who at the end of the day form the majority!