Imagine a stock market analyst appearing on CNBC advising traders to “stay long on L&T”, “short M&M”, and “buy IRB on dips”.
Given enough of dirt we may have thrown at such analysts in the past, I am sure what kind of a person you may be imagining. Someone dressed in a crisp, formal shirt and tie, and sharing his expertise on accumulating stocks.
Maybe someone like this…
Now, imagine seeing the same person clad in a loose khadi kurta, sporting a French beard, wearing a hearty smile, and advising you to give all your stocks away.
I am sure you may not be able to imagine that, given that there’s a negligible probability of a stock market analyst appearing in this second avatar.