'There is no quick way to make money': Zerodha's Nithin Kamath issues warning that could save investors millions (opens original article in a new tab)

Zerodha's Nithin Kamath warns of the persistence of pyramid schemes in India, urging investors to be cautious of quick profit opportunities that often lead to financial losses.

• Zerodha co-founder Nithin Kamath warns against pyramid schemes, citing personal experience of being involved in one during his early career.
• He states that around two new pyramid schemes are launched daily in India, with over 5.5 crore Indians losing savings to such schemes.
• Kamath advises investors to avoid opportunities that reward recruitment over value creation, emphasizing there's no quick way to make money.