Why Did Harshad Mehta Fail?
The Big Bull Who Broke the Banks
📜 What Happened
The 'Amitabh Bachchan of the stock market' discovered banks would issue fake bank receipts — and used them to pump ₹4,000+ crore of banking money into stocks, driving the Sensex up 274% in a year. Journalist Sucheta Dalal's exposé collapsed the market 40%, wiped out lakhs of small investors who'd followed him like a god, and rewrote India's market regulations (SEBI got real teeth because of him).
☠️ The Fatal Mistake
A loophole isn't a business model. And retail investors' mistake was worshipping a man instead of understanding what he was buying.
🧠 The Lesson (Free for You)
When everyone's getting rich and nobody can explain exactly HOW — leave. Every market mania has a Big Bull; every Big Bull has an ending.
📕 The Antidote Book
Graham — Buffett's teacher and the father of security analysis — built the intellectual foundation of rational investing on a handful of unbreakable ideas: an INVESTMENT operation promises safety of principal and…
📖 OPEN THE FULL INTERACTIVE BREAKDOWN →Searchable, filterable, free to read — they paid billions; your lesson is free.