The docuseries is revetting. If attainable, if , customers ought to watch this. Noticed the 4 half sequence in a single go…
Superb, one thing much like Rip-off 1992 about Harshad Metha…
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The worldwide monetary disaster confirmed us you cant belief the wall road, cant belief funding financial institution, cant belief the monetary analyst, cant belief the score businesses and the regulators. Nobody went to jail apart from Madoff and few of his workers…Nobody from score businesses, regulators, or monetary analyst went to jail. Funding banks received bailed off however Nobody bailed out Madoff victims…
Unquote.
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Sure, the system which allowed guys like Madoff thrive and everybody concerned ought to have been equally penalized. However everybody else slipped away as soon as they received the excessive profiled scape goat.
I really feel its extra of a diversion from actual subject even I feel the documentary mentions that as effectively. That point it was monetary disaster which questioned the system and to divert the difficulty , Madoff was uncovered . We will see now so many orders in opposition to scams and so on ( I really feel authorities are doing nice job) but it surely they’re diverting in opposition to complexity of Adani subject. Information are operating about Arshad Warsi Rip-off and so on.
Finest take away from Documentary was even the buyers who cashed out of funding ( with no faults of there personal) have been traumatized as they have been requested to return again there incomes which most of it was taxed or spent. Similar factor was about to happen in india the place Govt was about to make a rule that if Banks goes bust then Depositors cash can be utilized to put it aside, this was most insane thought i ever got here throughout it was like Revenue is mine alone and loss is everyones.
Bobby Summed up world Monetary system in 1 min:
AlgoEye:
Adani subject
Adani rip-off if its true has a multiplier impact on our GDP. If banks begins to report excessive NPAs their credit standing may also go down.
Thats why the Govt. is so to cowl up this subject.
A number of information shops, blogs and twitter are stuffed with feedback on how good Adani teams are. First impression i get – these are paid articles.
PS: i dont have any portfolio with adani corporations, nor i’m having brief positions.
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AlgoEye:
Finest take away from Documentary was even the buyers who cashed out of funding ( with no faults of there personal) have been traumatized as they have been requested to return again there incomes which most of it was taxed or spent.
I assumed this was fairly truthful distribution as individuals who made extra cash within the ponzi scheme paid for individuals who misplaced their complete financial savings. Totally agree, it was no fault of theirs, however dont you assume, it was simply truthful in order that there was an equitable distribution. The administrator took all of his property and his spouse’s and utilized it to pay again the individuals who misplaced.
In Sure Financial institution case, Rana Kapoor property ought to have been taken in full and bought and given it again to AT1 Bond holders in proportion of their quantity invested. Surprise why this was not performed. He could be in Jail, however his household resides in all luxurious.
AlgoEye:
Similar factor was about to happen in india the place Govt was about to make a rule that if Banks goes bust then Depositors cash can be utilized to put it aside, this was most insane thought i ever got here throughout it was like Revenue is mine alone and loss is everyones.
I keep in mind this incident, however this was completely unfair to utilize the depositors cash to bail the financial institution. Is that this like to love with the above case. Within the case of buyers in Madoff, they have been fairly savvy they usually have been conscious of the danger they might be taking when investing. Depositors are the not the identical, don’t you assume.
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I’ve easy rule, don’t play the sport which you’ll be able to’t perceive or win. These are very complicated points which might’t simply defined or perceive. I keep away from these as effectively , playground may be very large for us to play different video games which we perceive
identical right here, i too dont play. however sit within the commentary field and says they might have X or Y
similar to harsha bogle & ravi shashtri
neha1101:
Rana Kapoor property ought to have been taken in full and bought and given it again to AT1 Bond holders in proportion of their quantity invested. Surprise why this was not performed
I might agree on this however what was performed in madoff case (which was later taken away by court docket) was like let say you redeemed AT1 bond and use it on your XYZ now later you have been requested to return your cash even you weren’t concerned in rip-off was simply retail buyers.
AlgoEye:
I keep away from these as effectively , playground may be very large for us to play different video games which we perceive
Each retail investor want to keep away from these schemes, however how they each come to know?
I noticed a latest interview of Anil Aggarwal with Anil Singhvi. It was pathetic, the best way, the interviewer was bending his again as an alternative of asking pointed query to the proprietor as to why he was attempting to shove, the zinc enterprise to HZ. The reply everybody knew was easy, he wished the cash to repay Vedanta Sources debt and this was the one method. The best way AS was squirming and skirting round and asking the query with out touching right here and there made me really feel sick. It was as if the interviewer met God himself and was reluctant to ask related query.All these media guys are tiger in entrance of small timers.
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Properly solely studying like a lawyer and Threat Supervisor mindset and your personal expertise will prevent.
However its ugly fact each unhealthy incident ,scams and so on immediately or not directly each citizen is affected.
Revenue is individualistic and losses are socialistic.
Eg. If banks are affected we’ll be not directly paying by lowered pursuits or increased mortgage fee or any govt rip-off we could have our tax cash balling out or delayed initiatives.
I one time invested in a debt fund received not directly peanalised for much less returns because of some defaults occurred 2-3 years again. Funds don’t cut back NAV in a single go however through the years. I examine all of the underlying bonds at excessive stage however didn’t know that defaults are carried ahead. Was like खाया पिया कुछ नही, गिलास तोडा बारह आना. Now i learn particulars about previous defaults and so on earlier than investing
Take into account oneself fortunate if one can navigate from delivery to demise with out an excessive amount of slippage and falls There’s little or no we are able to do when every little thing round is past our management.
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The factor that caught me within the docuseries is that, this man by no means invested the billions he acquired. He simply stored it in a checking account and paid again the buyers with an awesome returns. I can perceive folks put money into excessive danger investments and lose cash, however this man simply stored the cash and gave it again with excessive returns from the recent move of funds. By no means understood why he did this.
One other trait was, he by no means mentioned intimately about his funding with the buyers. He would threaten them to take again their funding in the event that they requested too many questions. Individuals used to get scared and cease asking him questions. I perceive Warren Buffet and Charlie Munger don’t speak a lot and their complete interplay is yearly when the assembly occurs. There’s one different man who copies Warren Buffet and from his interviews, he too appears to do the identical factor…hope nothing is cooking…
Surprise this trait is nice or not? Hope all the cash is certainly invested and never stored in any checking account…
This brings again to my earlier question for which I by no means received a solution
Market Makers are important for an ETF. How come, not one of the provide doc of ETF ever point out who the market makers are. I’ve learn someplace that throughout the March 2020 interval, few market makers refused to do their core job which finally resulted in intervals the place liquidity in ETF have been tied up. I had written to SBI ETF and they didn’t reply as to who their Market makers have been for SBI ETF Nifty 50 and Nifty subsequent 50. I’m positive it might be their very own in home subsidiary, however why not being clear and point out this.
In any ETF there are single or a number of market makers who guarantee there’s ample liquidity available in the market. I used to be looking for out who the market makers are for
SBI ETF Nifty 50
SBI ETF Nifty subsequent 50
I went by way of their truth sheet and all different paperwork and even searched the web however couldn’t discover who the market makers SBI has appointed to handle SBI ETF Nifty 50.
Is that this not necessary info that the shopper ought to know. The rationale for asking is I learn in an previous Mint Article that t…
neha1101:
Market Makers are important for an ETF. How come, not one of the provide doc of ETF ever point out who the market makers are. I’ve learn someplace that throughout the March 2020 interval, few market makers refused to do their core job which finally resulted in intervals the place liquidity in ETF have been tied up. I had written to SBI ETF and they didn’t reply as to who their Market makers have been for SBI ETF Nifty 50 and Nifty subsequent 50. I’m positive it might be their very own in home subsidiary, however why not being clear and point out this.
Final yr SEBI had directed AMCs to nominate at the least two market makers, who’re members of the inventory exchanges, to offer steady liquidity for ETFs. Sources I spoke to final yr (for an article I used to be writing) stated that EPFO is the biggest proprietor of ETFs (retail buyers personal solely max of ~10%)… Market makers is one facet however lack of know-how of pdt & mechanism amongst retail buyers is a giant prob space… This may solely be sorted if AMCs, exchanges , regulators, AMFI & brokerages create consciousness concerning the product…
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