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The Madness of Mobs – What Retail Investors can learn from the Little India Riots
By Dr Wealth  •  December 15, 2013
On the evening of 8th December 2013, a fatal accident occurred at the junction of Racecourse Road and Hampshire Road in Little India. In no time a small crowd had gathered and emotions started to run high. No one knew who cast the first stone, but what followed was an alcohol fueled frenzy lasting more than two hours and involving more than 400 rioters. More than 25 emergency vehicles were damaged, including 5 that were overturned and set on fire. The riot police was called in, and in the course of dispersing the crowd, over forty of them sustained injuries. ———– So what exactly do the Little India Riots and the Financial markets have in common? The Riot was triggered off by a singular event of the most tragic proportion. The late Sakthivel Kumarvelu was enjoying his regular night out after a long week at work. Unfortunately he had too ......
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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