Still chasing Diwali stock tips and bold Nifty forecasts for the new Samvat? Devina Mehra, Founder and Chairperson of First Global, has a stark message: stop. In a sharply worded post on X, Mehra dismantles the annual ritual of “expert” market predictions, calling them not just flawed—but fundamentally unknowable. The data, she says, proves it. Advertisement

Citing a recent analysis by Mint, Mehra highlighted how poorly last year’s Diwali stock picks performed. Only one-third of the recommended stocks closed in the green.

Even fewer beat the index. In Samvat 2023–24, the hit rate was marginally better—49% of picks were profitable. In both cases, Mehra notes, a random stock selection would have yielded better odds than blindly following expert advice.

And it’s not just stock picks that

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