A Quote by Pratik Gandhi
In 1992, I was in school. I did hear about Harshad Mehta and one of my cousins lost some money in the stock market, but I knew little about it.
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In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.
I had heard a lot of key words about Harshad Mehta in books, documentaries, on the Internet, and in the script like his passion, greed, a bit of ego, and confidence.
To be honest, I've never invested in the stock market. My grandmother used to warn us against the stock exchange. My grandfather had lost a lot money in the share market. We are a working class family.
If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge.
The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
When Trump was a candidate, he talked about the stock market, because, oh, the stock market was going up when Obama was president.
I was about thirteen when I started thinking about the stock market. My dad helped me a little bit. I'd see it in the 'Santa Barbara News-Press.' These prices would change every day - what was that all about?
No matter how you feel about your extended family or family gatherings you will be attending. This is because now the ultimate reason for attending family gatherings is for your children to have the time of their lives with their cousins. Little kids love their cousins. I’m not being cute or exaggerating here. Cousins are like celebrities for little kids. If little kids had a People magazine, cousins would be on the cover. Cousins are the barometers of how fun a family get-together will be. “Are the cousins going to be there? Fun!
I didn't go to business school, didn't care about financial stuff and the stock market.
In 'Guru,' the business aspect is more of a layer and sub-text... to me, Harshad Mehta's story is a tragedy, a classic Greek tragedy, where the greed of a lot of people got attached to him.
I really only did theater in school in college. I did summer stock a couple of times in the summer, and plays that the school put on. But I knew I wanted to be in movies.
I lost relatives to AIDS. A couple of my closest cousins, favorite cousins. I lost friends to AIDS, high school friends who never even made it to their 21st birthdays in the '80s. When it's that close to you, you can't - you know, you can't really deny it, and you can't run from it.
Stocks are at an all-time high today. I don't have any money in the stock market. I don't have the stomach for the ups and downs. So about 20 years ago I put all of my money and liquid assets into videotape rewind machines.
It was tough to not be judgmental of a person like Harshad Mehta. But that's where the training of an actor comes into play. My job is to create that character and present him to the audience. If even one per cent of judgment creeps in, then the whole performance will be affected.
More money is lost anticipating the changes in the overall stock market than any other way of investing.
I knew a guy who had $5 million and owned his house free and clear. But he wanted to make a bit more money to support his spending, so at the peak of the internet bubble he was selling puts on internet stocks. He lost all of his money and his house and now works in a restaurant. It's not a smart thing for the country to legalize gambling [in the stock market] and make it very accessible.
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