Everywhere you look today, in community groups, investor forums, even casual dinner conversations, people are talking about making quick money from the next big IPO.

Someone knows someone who made a few lakhs on Zomato’s listing day. Another friend says Mamaearth is the next Nykaa. In WhatsApp groups, everyone has an opinion on which start-up is “going to the moon” next. It has become a kind of national pastime: guessing which new-age company will give the best listing gains.

But is it really worth it?

That question has been on my mind for a while. Because when I look at this start-up frenzy, I keep thinking of Warren Buffett .

By the way, even Warren Buffett, whose Berkshire Hathaway once owned a stake in Paytm , would probably say no.

The man who built his fortune not by cha

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