Tag: IPO

I am one of the view that the stock market is a huge fraud and a form of legitimized gambling with the active connivance of the Governments. The stock market is played by a minuscule percentage in India, may be .001 % of the population. But th Government decides its policies on its performance. One would expect the economy in prosperity when the stock market is booming. But facts are other wise. When the stock market is down, the economy is cited as the reason for the poor performance. Prosperity of the share market is for the prosperity of the Rich. Having been in a Senior management position I know how the IPOs are rigged. You pay a percentage to the underwriters.