“What goes around, comes around” is an adage inspired by the understanding of how the law of cause and effect (karma) works.
I believe I have witnessed it recent past
In 2004, A large telecom giant launched dirt-cheap calling services for people based abroad who wished to call India. Being in the business myself, I was shocked at the prices. I was paying 8 c/min to purchase calling minutes from my vendors and selling it to consumers at 10 c/min through my website
The new service with a B2C model offered services that cost 1.3 c/ min less than making local calls!
It was a fair market and of course customers were choosing the lower cost! How could I compete? Over time, I lose the business chunk by chunk.Yet,I wondered-how did the company was selling at such low prices?
The company offered low prices by cheating govt & peers. Used that money to become monopoly in market.This became public news and the company had to pay huge fines to the government later
Fastforward 15 yrs ie in 2019,The same telecom giant paid premium for my shares as they acquired one of my investement portfolio company
Don’t worry what ever goes it will be back sooner or later
Was it karma? What do you think?