Career
By 1990, Mehta rose to prominence in the stock market. He was buying shares heavily. The shares which attracted attention were those of Associated Cement Company (ACC). The price of ACC was bid up to Rs. 10,000. When asked, he used the replacement cost theory as an explanation.
He was alleged to have an expensive lifestyle. Through the second half of 1991 Mehta had earned the nickname of the ‘Big Bull’, because he was said to have started the bull run.
Mehta made a brief comeback as a stock market guru, giving tips on his own website as well as a weekly newspaper column.
Read more about this topic: Harshad Mehta
Famous quotes containing the word career:
“A black boxer’s career is the perfect metaphor for the career of a black male. Every day is like being in the gym, sparring with impersonal opponents as one faces the rudeness and hostility that a black male must confront in the United States, where he is the object of both fear and fascination.”
—Ishmael Reed (b. 1938)
“What exacerbates the strain in the working class is the absence of money to pay for services they need, economic insecurity, poor daycare, and lack of dignity and boredom in each partner’s job. What exacerbates it in upper-middle class is the instability of paid help and the enormous demands of the career system in which both partners become willing believers. But the tug between traditional and egalitarian models of marriage runs from top to bottom of the class ladder.”
—Arlie Hochschild (20th century)
“Clearly, society has a tremendous stake in insisting on a woman’s natural fitness for the career of mother: the alternatives are all too expensive.”
—Ann Oakley (b. 1944)