Are you not a loser

People have a desire not be be left out. Instances abound that when someone creates sufficient hype and make sure that announce loudly enough ,money that someone has made or popularity someone has gained, the act becomes more popular. Due to the blind devotion that people have towards something that they constantly adore or admire, it is very easy to even make a mediocre thing , add some spice to that and then attach the object of devotion. Throw in a good amount of twist and turn and people are eager to throw away money for it.

There are a number of examples , where people have given in to the hype and the desire that they should not be one to left out .

Take for example, a typical bollywood movie which almost have the same story and same sequences with an added twist and turn. People goto watch these stories again and again and come out disappointed . They spend around Rs. 500 per movie including snacks . The reason people do this is that they dont want to be left out. People want to be ahead of friends , channels and critics. They mingle and decide based on the fact that since an actor/ director/ producer has acted/directed/produced a good last movie , it automatically implies that new movie would be a good one . The people make mental assumption of this fact because it is much harder to believe that people they admire cannot fail. The mental assumption is also strengthened by the fact that critics have given a thumbs up to the movie, TV channels are wasting thousands of hours to promote the act. They cant be wrong. Friends are talking about it . Thousands of people are talking about it, they cant be wrong. Hence the hype builds up till the movie falls flat and collections are down the next week . The people who have spent their hard earned money refused to believe that they have not taken the best decision. According to them , even bad entertainment is an entertainment and throwing money for watching the same thing again is not money lost.

You can hear the same bells in the real estate industry. Take the case of bollywood and apply it to real estate . The same story: house prices cannot fall, interest rates are lower, buy now. This is the only time in your life when you can purchase a house. Of course everyone cannot be wrong. Stories abound that people have made thousands of rupees selling property at inflated rates. People are buying their second or third property without even giving a thought to the risk . The bubble is huge . People are getting murdered because of property. Banks, media and newspapers are falling over themselves to give you that precious loan. And you are dying to take these loans because you cant believe so many people can be wrong.

Now comes the stock market. It is going up, going to 17k , 18k ,21 k woahh. There is no end in sight . Even with a slow pace one day it will achieve escape velocity and will blast to moon and we will all be billionaires and spent rest of our lives on beaches of Goa or in Las Vegas. Again why are you investing in stock market because everone says that it is the best place to make money. Everyone is offering you a SIP of Martini while you watch beautiful babes and think of your richness.

Bollywood has perfected the art of making a bubble. Do extreme publicity , make good music , forget story line . Show actors as shiny happy people who have all the fun while the common folks toil in misery and look to them as escape route of fantasy.

But then bubble bursts . The movie falls flat after strong collection in first week . If it was a good movie , people would watch it twice or thrice . Then why do movies go out of cinemas so fast. Its another ploy. To make sure that bubbles are created in so high intensity that only first week matters. Probably a lot lesser number of people will watch it by the time hype is gone.

In real estate , now flat prices are dropping like flies. Now companies are selling flats at cost price . There is not much talk of super luxurious flats , only affordable and low cost.

In sotck market , people do not invest now . Stocks are touching the lowest points and they are so cheap that even a can of Coke costs more than a stock but is anyone buying . No of course not as no one is buying. Again so many people cannot be wrong.


Now let us look at losers in the process . The loser is only you , the ordinary public , fooled thousands of time but refuse to listen. You have proved Abraham Linconlm's theory that you cannot fool all the people all the time . In real estate you paid a price for flat 4-5 times or more of actual value. In stock market , your SIPs are not fetching you any result and in bollywood , since it satisifies(I would say strengthen your prejudices) your senses, you keep watching low grade movies again and again .

Who are the smart people who are making money out of this? Any guess ? In the next blog, if you can tell your senses to hold on, I can reveal that.

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