Jeff Bezos, Elon Musk, and Mukesh Ambani are some of the wealthiest people in the world. People take inspiration from them to lead a luxurious life and accumulate wealth. Apart from these, some decades back, we also saw an interesting personality who was known as the Big Bull of the Indian stock market, Harshad Mehta.
A couple of movies got released on the story of Harshad Mehta, one is Scam 1992 streamed on SonyLiv and the other one is The Big Bull released on Hotstar recently. The Big Bull film shows how the banking industry’s loopholes were utilized in a wrong manner to earn wealth through the stock market.
If you have watched both or either of the movies, here are some lessons one can learn from Harshad Mehta’s story or his film The Big Bull.
1) Do not invest by getting tips from friends or experts. You might have seen how Abhishek Bachchan’s character was most worshipped by the middle-class people because he used to manipulate the stocks from fake bank receipts and increase the net worth of the companies. But when his fall happened, many poor and middle-class people lost their hard-earned savings and capital. Hence, one should be aware that beginner’s luck in the initial tradings will not give you long-term profits.
2) Don’t go for overnight success as it is only for the short-term and can even land in unwanted larger troubles that you could have saved from if you followed the right route rather than taking a shortcut. In the movie, Hemant Shah, played by Abhishek Bachchan is a very confident man who always wants things to be faster and had the greed to earn more and more and he was blindly taking as many risks as possible to be on the top. But at the end of the movie, we saw how his family suffered the worst times due to his only greed of richness and lack of patience to attain success.
3) Do not borrow money for trading activities. In order to earn more money, do not put whatever you have at stake. You can see how Hemant in the film does not have the capital to start his own firm, so he takes a fake bank receipt with his friend’s help and sets up his fraud business. But in the end, even his friend lands in major trouble. Whatever savings you have made, can be used for important events of your life like marriage, child’s education, healthcare, etc. So, do not end up losing it if you do not have the knack and wealth to do the right trading or business.