Glossary

The only part of a result that is genuinely yours, and the only part that compounds.

Ticking boxes quickly to reach a decision you had already made is worse than no checklist, because it manufactures the feeling of diligence. If yours has never stopped you buying something, it is decoration.

The failure is not underperforming; it is continuing for years without ever measuring. Ten hours a week for 1% of outperformance on a small portfolio is a poor hourly rate.

A good decision can lose and a terrible one can win. Judging yourself by results in a noisy system teaches you the wrong lessons.

An afternoon window on the settlement day, and you cannot bid in it — only members can. Whether anyone happens to offer your thin smallcap in that window is what decides between a modest loss and a close-out.

The end state of an industry with no barriers. Once buyers can compare on price in seconds, margin is permanently at risk however capable the operator.

It fixes a wrong entry, not a correct entry you dislike. The bureau reports what the lender supplies, so a real dispute is won against the lender.

A processing fee integral to the loan’s yield is folded into the effective interest rate and spread over the loan’s life; commission and service charges are earned at origination. Fee income growing much faster than the book means more of the return is being taken up front.

Equity ranks last. When lenders take haircuts, there was nothing left below them.

Nobody decides to take a large risk. They take one slightly larger than last time, it is fine, and that becomes the new baseline.

On unscheduled news it takes days, not minutes — the first hour is guessing against algorithms.

Restart at a quarter size and judge yourself on twenty rule-following trades, not on getting back to the old peak.

For anything held in physical form this is your counterparty, not your broker. A handful of these firms maintain the registers of most listed Indian companies.

Shareholders bid the price up rather than down. The promoter can accept or walk away.

Thirty trades is thirty trades of information, however many times you reshuffle them. A small sample presented a thousand ways is still a small sample.

The Hindu Succession Act, Muslim personal law and the Indian Succession Act cover different groups. A will is what lets you decide instead of accepting the default.

Rising means the platform is being paid more for what it does. Falling usually means volume is being bought with discounts, which appears in the accounts as growth.

Simple with a nomination. Without one, and for a large holding, it can require a court.

High returns are what attract entrants, so only a barrier stops the process. A licence, a network, a trusted brand or enormous capital qualifies; everything else is a delay.

Not a sale but a recovery process, run on notices rather than on screens. The chart usually stopped months earlier, when the security was suspended.

Judge year one on whether you built a process, not on the return.

The document that exposes a processing fee deducted from the disbursal. A quoted interest rate hides it; an all-inclusive annual rate cannot.

Five of them share records between themselves, which is why a second broker did not put you through the whole process again — and why one deficient record can block a fresh purchase everywhere at once. The status is free to check with nothing but a PAN.

It defines the event rather than leaving it to argument: a malfunction of five minutes or more in trading hours affecting login, order processing, visibility of funds or risk systems. There will be an official timeline of what happened, and your own timestamps are what let you check your account against it.