Only In India? 🇷🇺 SU-57 Faces Off With Rival 🇺🇸 F-35 At Aero India 2025 What other country could bring two rival countries' fifth gen fighters to one place? 📸 @ReviewVayu

$EL Estée Lauder has fallen from a high of $134 billion in market cap to just $23 billion - an 82% drawdown from the peak. What happened?

In 2017, the Modi Government delivered the biggest ever indirect tax break in Independent India’s history with the implementation of the Goods and Services Tax. Now, having already cut corporate income tax rate in 2019, the Modi Government has delivered a massive personal income tax cut (such that households with two earners earning up to Rs 12.75 lakh each shall pay zero personal income tax) and put the new Direct Tax Code on the anvil - all while maintaining complete fiscal discipline, never once straying from the fiscal consolidation path despite very difficult crises to manage. While keeping fiscal control, the Government has also delivered on record capital expenditure, creating hard assets and infrastructure that raise the economy’s productivity Remember, this capex efficiency is also much higher thanks to PM GatiShakti platform which will now be made available to the private sector. *And* welfare delivery has never been more effective and expansive, thanks to digital technology This is a public finance feat for the ages. It is made possible by the creation of new technology, and cannot be praised enough. No conventional economist would have prescribed these solutions. India has never had such a tech-forward, pro-market Government. Simply amazing! 👏 🫡 @nsitharaman @narendramodi

Priceless Life Advice from Charlie Munger