Every TV analyst has a godfather who ensures that they stay for their own reasons. As long as the godfather is there the analyst will also be there. No analyst will ever show their profit and loss statement.
Customers who lose will leave and be replaced with new customers.
The purpose of going on TV is to get credibility WITHOUT PROOF of ability.
On a smaller scale, in all trading forums there are losing traders who try to create credibility by bringing along a group of chamchas.
Stockmarket rule no.1 -- Believe NOBODY
Do background checks, verify their results.
According to the 80/20 law which is 95/5 for the stock market
If NSE has 2200 stocks, for every stock that goes up by 200% there are 30 that go sideways or go down by 40%.
If 5% of gurus are profitable, logically 5% of PMS are profitable.
Remuneration paid to analysts is between 10 to 15 lakhs per annum. Fund managers get 30 to 150 lakhs per annum with performance bonus.
Source - 2 minutes to google from financial newspapers economic times and business standard.