A builder had constructed a housing colony.and had handed over the residential units few years back transferring the ownership to buyers. By the earthquake of last April, there were cracks in several units. The residents staged protest in front of the office of the builder. Surprised by the behavior of the residents, the builder asked the protesters why they were busy bringing bad name to their property? He told them that the builder has already transferred the land title and ownership of the house and by contractual agreement he has no further responsibility. So, he will not be doing anything in response to their agitation. He advised the agitators to go home, do some repair, and stay as usual there or rent it out or even sell. If they will continue such protest, nobody will rent the houses or they will not be able to sell if they wish so. On humanitarian ground, he said that he will donate small amount of money to support the repair as donation to earthquake affected family.
Initially, the residents were divided but finally they realized that the agitation will harm their interest and called off the agitation. They silently got their units repaired and even said to outsiders that they were lucky as their units were spared by the earthquake. Only some plaster had cracked that too in a few units. Strangely, their paradigm shifted.
But, this story may not be that much applicable in share market. The share holders are not that naive. Mostly the people who pass extreme negative remarks are the buyers in waiting. If anybody who is inflicting injury and cursing the company the shares he or she holds of, should learn from the above story.
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