It is scary that people are buying stocks not because they believe in the business, but because their friends bought something and profited from it, Nikhil Kamath, Co-founder, True Beacon and Zerodha tells ET Wealth.
The pandemic has brought thousands to the stock market, and they have made a killing from the one-way ride over the past 18 months. Do you feel newcomers could confuse this for skill?
We all have hindsight bias. Historically if I
