'There is no quick way to make money': Zerodha's Nithin Kamath issues warning that could save investors millions

Zerodha co-founder Nithin Kamath shared his personal experience of being involved in a pyramid scheme for nearly two years in his late teens, using it to caution investors against shortcuts to wealth. He warned that around two new pyramid schemes are launched every day in India, with over 5.5 crore Indians reportedly losing savings of about Rs 10 lakh crore as of 2015. Kamath urged investors to be wary of any opportunity promising returns higher than bank FDs and warned that easy-money narratives around stock market investing often mislead first-time retail investors.