vishnu

1) Apply for PAN CARD https://tin.tin.nsdl.com/pan/ 2) Do KYC https://www.cvlkra.com/ 3) Open Brokerage account in India 4) You are good to go. Thought I believe there are lot of struggle to go through these steps. Expect Harassment from Indian Government officials

I was contemplating suicide recently due to some personal issue. Read book by Albert Ellis on REBT. I was quickly out of trouble. I dont understand why psychologist fight each other about Rogerian therapy / Mindful therapy etc.. I was looking for anything quick and effective. REBT helped a lot and most of the materials are freely available in net too. If anyone of family or friends are in trouble , I highly suggest REBT by Albert Ellis and you can visit this site http://www.threeminutetherapy.com/

OMG, This looks like India.. 1) Self employed people doesn't pay TAX. (They have 2 books..one to show it to goverment another one to show it to mother in law) 2) The easiest way to cheat on one’s taxes was to insist on being paid in cash, and fail to provide a receipt for services. 3) The easiest way to launder cash was to buy real estate. 4) India has no working national land registry. 5) Except few , every other real estate company insist on being paid in cash (No reciept) 6) Biggest company in India (Reliance Industries) was operating an entire plant with the machines that were actually imported as spare parts,paying lower Customs Duty,and doubling its production) Checkout this link for further info on reliance http://www.india-seminar.com/2003/521/521%20paranjoy%20guha%20thakurta.htm

My answer is different... Your circle of competence depends on yourself. i.e John Templeton travelled around the world and he was comfortable hunting bargains around the world. Charlie Munger is a ex - lawyer who needs to think everything (Politics, Science , Business) to solve a legal problem , hence his was a multi disciplinary way to look at Business. Martin Whitman was a vlulture invester , so he invest in distressed securities. But lot of us will do better, if we just identify the bargains , Hire the experts and ask them to thrash you out your analysis. (Bruce Berkowitz way). Vishnu