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There was a time - not so far back about 10 years back - even Mutual Fund CEOs did not believe that Mutual Fund distribution / advisory is a career or should be pursued In this video, Gajendra Kothari recounts this very interesting story of how one MF CEO...

18,032 views • 1 year ago •via X (Twitter)

4 Comments

Ricky Gupta's profile picture
Ricky Gupta1 year ago

When I started in 2016, I was discouraged by many, including family members. It took more than a couple of years to make everyone believe that this is a good profession :)

Lark Davis's profile picture
Lark Davis1 year ago

A smart man turned $12K into $15M by buying FARTCOIN at $83K market cap. He aped into $ai16z with $3K and is currently sitting on $1.7M realized and $16.6M in unrealized profits. Subscribe now and join 130K+ investors prepping for the next big cycle.

One Idiot's profile picture
One Idiot1 year ago

Thank you Manoj for your validation. You are one of the most sane voices in the MF industry and all of us always look forward to your analysis on any issues related to our industry. This wonderful profession and city of Mumbai has given me everything I could have ever dreamt of.

Shailendra Asodekar's profile picture
Shailendra Asodekar1 year ago

We have one word called an Agent that has spoiled overall perception of may it be insurance, funds etc. Baseline is ethics. Another is sustainability. Many who stood firm are well placed today. Still market or societal taboos restrict many for these professions...

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One man turned $20 million into $14 billion in thirteen years. he retired at 46. then he walked into the National Press Club and explained the entire method to a room of journalists. for free. the fund industry has spent thirty years pretending nobody recorded it. his name is Peter Lynch. he ran Fidelity's Magellan Fund from 1977 to 1990. 29% a year. every year. when he started, the fund had $20 million. when he left, it was the largest mutual fund on earth. over a million shareholders. then he quit, walked away from billions in fees, and never managed outside money again. the first thing he says is the one rule Wall Street will never teach you. if you cannot explain to a ten-year-old in two minutes why you own a stock, you should not own it. he says 80% of people who own stocks cannot do this. then he explains why the number has not changed in thirty years. he did not use algorithms. he did not use quant models. he found stocks at the mall. at the grocery store. in his own neighborhood. he made more money on Dunkin' Donuts than on any sophisticated trade. the most boring companies with the simplest products, bought by a man who actually used them. the part nobody repeats: he says individual investors have a structural advantage over every institution on Wall Street. the funds are forced to follow rules that you are not. when they panic-sell, you benefit. when they cannot hold a small position, you can. he said this to a room full of financial journalists. not one of them ran the story. your financial advisor charges 1% of everything you own every year to underperform a method a retired fund manager gave away in one hour. there are 5,000 mutual funds competing for your money. the man who beat all of them told you exactly how. thirty years ago. the lecture is 61 minutes. it has been free since 1994. the people charging you to invest are hoping you never find it.

Tigerflow

258,507 views • 15 days ago

🔴Just Now. Henry Nowak’s father’s full family statement. This is both heartbreaking and utterly harrowing. Should be watched until the end and shared everywhere. “The police did not believe him, he was dragged across the gravel, handcuffed and arrested.” “He told the police 4 times he had been stabbed. One police officer said ‘I don’t think you have mate’. He told the police he couldn’t breathe, 9 times” “Instead of being treated like a victim, police arrested him for assault and read him his rights. That was the last thing he heard. Henry did not die with dignity. He was not believed.” “The way he was treated was inhumane and degrading” ** “His murderer however WAS afforded decency. He WAS believed. He was NOT handcuffed when arrested. He was NOT handcuffed when transported to the police station. As far as we understand, he was NEVER handcuffed AT ALL. And while under arrest for Henry’s murder, police even took him to the kitchen so he could choose what he would like to eat. … the contrast is unbearable” ** “This is not a case about Sikhism, this is not a case about racism. This is a case about murder. People should be able to walk openly through the streets of Britain carrying a 21cm blade.” “Today Henry was believed” ** His murderer has just been sentenced to 21 years in prison. My heart broke in two listening to this. There must be a full investigation into the Police misconduct. Rest in peace Henry. May his memory be a blessing. Sending love and prayers to the family.

Kosher

47,303 views • 2 months ago