Stumble and get up to learn

A couple of days ago, I participated in a short discussion on a TV channel that somehow turned to the topic of whether equity investors should be treated like little children or not. Obviously, this is not about chocolates and ice creams but rather about whether equity investors need to be shielded from the consequences of their own actions. With SEBI having announced a new set of measures which will eventually eliminate margin trading in the cash segment of the equity markets, we have seen a parade of talking heads from the traditional brokerage industry making statements that criticise this move. Mostly, they have said that it will reduce the trading that retail investors are able to carry out, it will affect price discovery, liquidity and of course it will af