Comment on On conspiracy theories about Zerodha

Prashant Pandey commented on 03 Sep 2019, 02:06 PM

Nitin I appreciate your endeavour of zerodha very much… Zerodha is a way out to be an businessman just sitting on a mobile…not ever think able… All complex problems have simple solution… These glitches doest happen daily.. what you have to do.. IS JUST TAKE AN INSURANCE AGAINST SUCH BLACK SWAN EVENTS AND BOOK IT IN THE BROKERAGES DO BROKERAGE FROM 20 TO 22 JUST 10% INCREASE I THINK WOULD SUFFICE YOUR INSURANCE COSTS VERY WELL… what would have happened if say the market have collapsed 500 or 600 points… The losses of the traders would be insurmountable.. Your company might have been closed.. Although I have full faith that you have very honest intentions.. But you would have to face even criminal charges.. You would not be in position even to write a blog.. All dreams shattered in just one day… So insurance against random technical glitches is ABSOLUTE MUST… Otherwise sooner or later as per Murphy law…. Regards from your friend and well-wisher..

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