Suddenly the productivity in my office floor has come down drastically. People with shocked looks and drooping shoulders are staring at their screens – makes me feel like India has lost yet another cricket match. The crash in the stock market has casualties in my company as well.Smart and educated new investors (which, honestly, includes me), with dreams of swimming in rivers of gold, are now suddenly calculating the number of onsite trips that will be needed to compensate for the money lost. Luckily for me and unluckily for not many, I never purchased shares from open market. The reason being, I could not figure out how to do so in the complex user-interface of the trading webpage (God bless that programming team, may they all get a decent raise).
It is amazing how we all crib about even a single paisa we lose, but find a doubling of our investment in a single hour to be “no big deal”. As for me, I think it was a lesson which I will heed to. No more investment (till I start seeing others again making quick bucks again).
Fortunately, managers here are quite considerate. Perhaps, because they are also in the same boat. “How can these guys work in such shock?”, our manager was defending his team. So people are getting days off and can sit around doing nothing. Not bad, if one can get a week off for losing 1000 rupees. One can always work part-time earning more.
2 Comments on “The Crash”
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The eager new set of smart and educated investors includes me, only not as prudent as you not to have ventured into the secondary market. For newcomers like me, the bullish phases seemed to compliment ones smartness, making one feel winner sorts until lately when the bear become way too heavy, sobering all winning sentiments down. Well, it would be wonderful to learn cooking without burning hands but once burnt its advisable to learn the cooking, carefully though 🙂 Theres no harm as long as the eagerness for quick bucks does not get us into a situation where bearish phases become too heavy to handle. Good luck.
The one thing I can say about the comment is – Do you plan to rewrite Queen’s English? 🙂