Saturday, 23 April 2016

Anonymous- Difference of Opinion

I received the following comment on my value investing internship program :

"I've heard of unpaid internships, but being charged for an internship is just ridiculous. "- Anonymous

Dear Anonymous,

Usually, I ignore such comments but your comment is not usual, it's unusual. Hence, I thought I should reply. Let me explain my point of view on why I decided to charge for the internship:
  1. Firstly, I think; requesting the participants to pay a fee will keep a check on me. I shouldn't get casual about the internship. I would like to give my best shot and nothing works better if you are motivated and held accountable for it. And money has its own way of motivating people. I believe I would be more motivated if I charge a fee.
  2. Secondly, the same logic may work for the participants as well. By paying a fee, they may be charged to give their best and not be casual about it. They may be motivated without the fee also but I thought why take chances ?
  3. Thirdly, I was inspired by Buffett where he auctions his annual lunch and directs that money towards a noble cause. I copied that idea by directing the fee towards a cause which is close to my heart.
You may have good reasons of your own why somebody shouldn't charge and I am okay with that. I feel that it's an individual's prerogative.

Had you published your comment under your name and not as anonymous, I would have applauded you publicly for raising a point which might be in other people's minds as well.

Best wishes,
Ankur Jain

Sunday, 17 April 2016

Internship 2016

Hi everyone,

Thanks a lot for your interest shown in the Internship Program.
I have received sufficient number of responses for the current calendar year. Hence, I will have to put a stop to more responses.

Ankur Jain

Value Investing- Internship 2016


I intend to provide internships to interested candidates in the field of value investing for the calendar year 2016.
Please find the details about the same at this link.

Ankur Jain