Investment Advisory Service

Saturday, 23 April 2016

Anonymous- Difference of Opinion






I received the following comment on my value investing internship program :

"I've heard of unpaid internships, but being charged for an internship is just ridiculous. "- Anonymous
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Dear Anonymous,

Usually, I ignore such comments but your comment is not usual, it's unusual. Hence, I thought I should reply. Let me explain my point of view on why I decided to charge for the internship:
  1. Firstly, I think; requesting the participants to pay a fee will keep a check on me. I shouldn't get casual about the internship. I would like to give my best shot and nothing works better if you are motivated and held accountable for it. And money has its own way of motivating people. I believe I would be more motivated if I charge a fee.
  2. Secondly, the same logic may work for the participants as well. By paying a fee, they may be charged to give their best and not be casual about it. They may be motivated without the fee also but I thought why take chances ?
  3. Thirdly, I was inspired by Buffett where he auctions his annual lunch and directs that money towards a noble cause. I copied that idea by directing the fee towards a cause which is close to my heart.
You may have good reasons of your own why somebody shouldn't charge and I am okay with that. I feel that it's an individual's prerogative.

Had you published your comment under your name and not as anonymous, I would have applauded you publicly for raising a point which might be in other people's minds as well.

Best wishes,
Ankur Jain





Sunday, 17 April 2016

Internship 2016

Hi everyone,

Thanks a lot for your interest shown in the Internship Program.
I have received sufficient number of responses for the current calendar year. Hence, I will have to put a stop to more responses.

Best,
Ankur Jain
 


Value Investing- Internship 2016

Hi, 

I intend to provide internships to interested candidates in the field of value investing for the calendar year 2016.
Please find the details about the same at this link.

Thanks,
Ankur Jain