Scam 1992: The Harshad Mehta Story is one of the most popular and beloved shows in India. The show, which focuses on the journey of stockbroker Harshad Mehta and his rise and subsequent downfall, became the talk of the tinsel town when it debuted last year. People loved everything about the show and it soon became the most-watched Indian show. The story of Harshad Mehta is a gold mine of lessons that we should all be aware of. They are real, important lessons that we must learn. After all, books aren't the only place one can seek knowledge from. There are many places where you can learn important lessons.
Since Harsha Mehta ruled the stock market, most of the lessons that his story teaches us are about money and success, in tangible terms. Harshad, who came from humble beginnings, soon became one of the richest men in India in the 90s. But through unholy means. That's the catch. Harshad is no hero and neither his story is heroic. This is a cautionary tale at best.
Some Important Business lessons from the 1992 Scam
1. Take Calculated Risks
One thing that made Harshad Mehta reach the top was his ability to calculate things beforehand. Many people are glorifying Harshad's rise and are overlooking the fact that he took a calculated risk. This is a great lesson for young entrepreneurs who may get carried away with a little success and lose sight of the big game.
2. Know What You Are Good At
Harshad Mehta knew he was damn good at making conversations and winning people's confidence. That's how he convinced so many people to buy stocks. That requires a lot of will and wit. Many entrepreneurs today, while coming up with business ideas, forget to take into account their talent and skills. They tend to observe the market but forget to keep an eye on their learnings and capabilities.
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