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
The two things that changed the fortunes and mindset of many people are BC & TTI respectively.
People who didn't follow you are now left behind and are not able to digest the success stories of BC members.
My own CAGR since 2011 is more than 45% inspite of having 15% Hawkins, I don't understand why they can't believe your CAGR
I wonder where I would have reached if BC was there for another 10 yrs. Only BC members can feel what we will be missing !!!
Dear Basant,you might be one of the best equity analyst i have known but i shall remember and respect you more for your Integrity!good luck and take care.
It is not just the small fish that is envious the old sharks who have lost their teeth can't digest our returns as well. You guys are the living examples of what we have done at BC.
[QUOTE=satish23] The two things that changed the fortunes and mindset of many people are BC & TTI respectively.
People who didn't follow you are now left behind and are not able to digest the success stories of BC members.
My own CAGR since 2011 is more than 45% inspite of having 15% Hawkins, I don't understand why they can't believe your CAGR
I wonder where I would have reached if BC was there for another 10 yrs. Only BC members can feel what we will be missing !!!
[/QUOTE]
Exactly sir
Absolutely correct
Sir in Basant Corner you mentioned that u dont believe in Charity and a capitalist from heart but giving some one help is one thing and making one able is completely a different thing altogether.
Sir we felt so powerful in the markets when we were under ur guidance we felt like what a BULLY Group feels in college.
Regarding the criticism of Subscription fees at Basant Corner: I think You cannot stay at Taj by giving the Rent of a Roadside Hotel.
There is definitely a set agenda thats going on in different blogs.
But all those comments are from ppl who dont know you.
Well wishes of all the subscribers will always be with you sir.
If i prepare a list of things to to do in my life: Meeting you in Person will be right at the top
Namaskaram Namaskaram Basant Ji!!
Though I was not a part of BC for a long time, I hope you know that I really love you for everything you gave at TED and for having given a strong and right direction towards the equity investment path to me.
I can't express in words what TED means to me, including everyone right from you to Snehal Ji, Xbox, Vivek Sukhani, Kulman, Reetesh and many many others.
Whatever you are feeling Basant Ji, just let it go. It is a very minute drop in the ocean of LIFE! A bigger door is opening when an earlier one closes! Have Faith! Good times are coming...
I hope we all(including you Basant Ji) can one day start posting messages again here and share the collective knowledge like we did before.
Everything ends in good. If it isn't good yet, it simply means that it is not the end yet.
Keep Smiling Basant Ji! I have not forgotten you even though maybe you have forgotten mortals like me.
Heads up....forward march!!! Cheers :-)
[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.
Thank you. Idea could be to get the typical BC subscriber in their fold. But to cater to the average BC subscriber one needs to have a different mindset - away from the crowd - which I doubt any of these subscription service providers have?
[QUOTE=kapil1303] Sir in Basant Corner you mentioned that u dont believe in Charity and a capitalist from heart but giving some one help is one thing and making one able is completely a different thing altogether.
Sir we felt so powerful in the markets when we were under ur guidance we felt like what a BULLY Group feels in college.
Regarding the criticism of Subscription fees at Basant Corner: I think You cannot stay at Taj by giving the Rent of a Roadside Hotel.
There is definitely a set agenda thats going on in different blogs.
But all those comments are from ppl who dont know you.
Well wishes of all the subscribers will always be with you sir.
If i prepare a list of things to to do in my life: Meeting you in Person will be right at the top
[/QUOTE]
Posted on:6/29/2015 9:40:25 AMsmart_prof
Yes sir sure few people will manage that for sure