Getting the basics right

There's a lot of smoke and noise about investor education in India. The regulator forces mutual fund companies to spend a certain sum to educate investors. After a certain time, it even permits them to confiscate the gains on unclaimed money and spend it on educating investors. No doubt, it is very enjoyable to spend other people's money, as reading a political party's manifesto made me realise today. However, I often feel that investor education efforts are aiming too high. Suggested read: Teaching money They are generally