One idiot is a short movie beautifully edited, conceptualised and produced by IDFC foundation. This initiative in collaboration with Mr Amol Gupte (Creative director –Taare Zameen pe and Director – Stanley ka Dabba) is to educate the youth of India to understand the importance of money and be financially independent.
The story starts with the scene where the protagonist is shown arguing with the “Sabjiwala” (vegetable vendor) for Fifty paisa. The teens of the society and other residents where he lives make fun of his looks, dressing sense and being so choosy on about his spending on small things like Vegetables. They call him an Idiot .But as the movie goes on they come to know that the person they make fun of is actually a millionaire and then starts the learning part. Understanding the value of money, not spending on unnecessary things, terms like diversification, asset allocation along with sayings of investors like “Warren Buffett” proved icing on the cake. Some more highlighted areas are –Power of compounding, not mixing insurance with investments, Researching and asking before buying etc.
The title seems to be inspired from the movie “3 idiots”. The message in the latter was to “Search for excellence, success will automatically follow”. The same kind of message is there in this movie as “understand the basics of finance and keep your investments simple…growth will follow”
Some people may disagree on some points but try to understand the crux and the teaching behind the whole movie. It’s a must watch for all of you.
Watch with your family. It will definitely provide a good financial understanding base to your Kids.