The illusive wealth

In Hindusim , the benevolent goddess of wealth is "Goddess Lakshmi" and every picture of the goddess you would come across would picture the goddess either standing or sitting on a Lotus , a symbolism for how carefully she needs to be taken care of .

Have read a lot about people who win lottery or who have come to suddenly inherit a fortune and have found them self unable to handle this sudden wealth and let it slip through , We also find with lots of celebrities from world of sport and music , they find them self simply incapable of handling wealth.

This is just not only with individuals but also about companies and businesses . Here is a list of companies in BSE Sensex 1986,

ACC, Bombay Dyeing, Ballarpur Industries, Ceat Tyres, Century Spinning, Food Specialities (now Nestle), Great Eastern Shipping, GSFC, Glaxo,Gwalior Rayon (now Grasim), Hindustan Aluminium (now Hindalco), Hindustan Lever(now Hindustan Unilever), Hindustan Motors, Indian Hotels, Indian Rayon, ITC, Kirloskar Cummins, Larsen & Toubro, Mahindra & Mahindra, Mukand, Pieco Electronics (now Philips), Premier Automobile, Reliance Industries, Siemens, TELCO (now Tata Motors), Tata Power, TataSteel, Voltas, Zenith.
This list was from here

These were cream of the stock market in 1986 and we find that in 25 years , we find that only 15 of those companies are still considered to be good investments .

This means that in about a generation 50% of the companies have not been able to generate wealth in a manner they were expected to or have lost wealth.

It is not just about individual companies , we find entire sectors have fail to generate wealth, like textile and totally new sectors, like IT have generated phenomenal wealth.

So challenge in wealth creation ,is not just about creation but also about sustaining wealth . and only thing that can help you to sustain wealth is "Knowledge"