Ownership through paper (shares) has always been and will always remain the biggest illusion of ownership....
Ownership through paper (shares) has always been and will always remain the biggest illusion of ownership. Real ownership comes through sweat and hard work and never diminishes in value!!! As I sit down to write this editorial, the selling pressure in the markets have been so intense today that the Sensex broke the 8,000-mark and slumped to a low of 7,697 – down a whopping 63.7% (13,510 points) from its all-time peak of 21,207, touched on January 10 this year. I remember having written the last time on the same subject for the 3rd February, 2008 issue, when the markets had fallen to around 15,000 in an edit titled, “If you can, invest to become an entrepreneur instead of investing in stock markets!!!” As the index falls to almost half of what it was then, there is nothing more important that I feel like sharing again with my readers. Readers of TSI know that over the last few months, I’ve constantly been focussing on the impending global crisis, the subprime crisis and the failure of t...