What is there in a name?

William Shakespeare wrote long ago, “What is there is a name?” Well, if it is a financial market instrument, there could be a lot.

In the stock market frenzy of 1991-92, when Harshad Mehta was interested in a company called Mazda Industries Ltd, few other companies carrying the word “Mazda” in the name saw their prices shooting through the roof.

So much for the Midas touch of Harshad Mehta, just that Midas did not even touch most of these companies.

#RidingTheRollerCoaster – 95

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