The Joys of Compounding by Gautam Baid
The Virtues Of Philanthropy And Good Karma
The author shared an incident when his senior warned him regarding one of his investments. It was about to default. It was trying to defraud his lenders by artificially inflating its asset size, on its books of accounts to get bigger loans from the banks.
Before the news broke in the media, the author could exit the stock a few days earlier at a handsome profit.
When the author called his senior to thank him and ask why he had helped him by sharing such sensitive information, these were his words: “Because you always used to share helpful company and industry data with me from time to time, even when I never asked you for it. You helped me then; I helped you now.”
The author emphasizes doing good karma.