Madness begins with the Morning Bell
1) Imagine there is a wedding
2) We have hired the best cooks
3) We have amazing team to serve the guests. Their job is to figure out which guest wants beer and which one wants whiskey, who likes veg and who non veg; if there is a child what needs to be offered and if there is a lady what options she would like
4) The guests are happy
5) But what would happen if the serving staff starts entering the kitchen and start cooking some stuff of their own accord
6) The guests on the other hand start serving themselves and cannot find the stuff that suits them
7) So when we are not clear what our role is we mess up things like this
8) This happens in the Personal Finance industry day in and day out
9) The distributor starts behaving like the fund manager and the investor starts behaving like the distributor
10) The Distributor starts talking Market Cap / GDP ratio, Vix Index, Sectors and Stocks
11) The Investor decides what he needs; equity, debt, FD, Real Estate and so on
12) Madness begins with the Morning Bell and goes beyond the Closing Bell
