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Our house help earns 25k -30k per month. Her husband works in a store. He earns about 20k. They have agricultural land in their village which also earns them a decent amount. They are buying a Royal Enfield bike worth 2 lacs for one of their sons.
Mera 🇮🇳badal raha hai🙂👏
40,000 Cr AUM.
Yet so simple and humble.
Scale can't change some people.
Their configuration is different.
Lesser mortals like me are just happy to spend some time with these gems.
Courtesy:
@TIA_Investors
My favourite quote from the Berkshire Hathaway AGM:
"The world is heavily focused on the short term. This gives plenty of opportunities for people who think on the long term."- CM
Just shared a true love story with my 6 y/o.
Text Messages exchanged between 2 lovers
2011: I love you. I miss you. We will always love each other.
2021: 1 kg potato, 1 Kg Onion, 500 gm Capsicum. 1 kg Cucumber......
😂
Best Sundays are those where you can get 2-3 hours of uninterrupted sleep in the afternoon.
Nothing beats that.
No movies, no meetups, no calls, no project, nothing can give you that peace.
Agree?
Thank you,
@FI_InvestIndia
, for your great hospitality, authentic South Indian lunch, and great discussion.
What I really admire is your simple lifestyle.
I was reminded of my Grandpa:
"I may be a simple man, but my thinking is high."
Whenever Maran Sir speaks, you should leave everything and listen to him.
Such a delightful video on portfolio management and performance measurement.
Influencers get millions of views, and this one is still less than 1000 views.
Shocking!
You can't teach your kids.
You can only learn from them.🙂
When my 6 y/o was negotiating hard on something, I lost my cool and raised my voice.
6 y/o: I am just 6 years old and you have shouted at me more than 600 times already.
🙊🙉
How things change over decades
2001: 1 PC for the whole family.
2011: My laptop was enough for the family
2021: Me, my wife, my 7 y/o all have individual laptops. And we have a spare one just in case.
Neither have I read the 106-page
#HindenburgReport
.
Nor am I going to read 413-page
#ADANIresponse
.
If you're also a lesser mortal like me, I would say give it a pass.
Leave these 2 holy grails for the geniuses.
You & I still have far more basic things to accomplish first.
I am so proud to share that my wife, CA
@megha_kanodia
, has been felicitated by the CA Institute of India and honoured with the title, "Star Women of WIRC" on this
#WomensDay
. 🙂❤️
Don't track Sequent & not a comment on it.
However, I would like to share an old example from my personal mistake. I have learnt the hard way to never commit it again.
Perhaps the worst mistake in investing is averaging down without any plan of position sizing.
Let's go!
Fun fact: While millions of Indians are excited about the Indian bowlers taking up English wickets in a heap.. my 6 y/o is excited to hear Rishabh Pant make that strange sound "uii" from behind the wicket.🙂
Perspective matters! 😃
#IndiavsEngland
If you love the "India Story," watch this gem from Mr. Sanjoy Bhattacharya. It will shake you out of your comfort zone.
Many hard-hitting statements.
My favorite:
Jitna Kharab, Utna Accha
Thanks,
@jaycee77
, &
@CFASocietyIndia
, for this initiative.
Some things that shape your character.
Be on time
Offering help
Paying on time
Smile at all times
No lying, no boasting
Honoring your commitment
Start even if you are not ready
Showing up. Each. And. Every. Day.
Random act of kindness to strangers
"The opposite of a good idea can also be a good idea." -RS
"“I never allow myself to hold an opinion on anything that I don't know the other side's argument better than they do”-CM
I accept that I may not know the other side's (
@sahil_vi
) argument better.
Anyway, here I go!
I was Scared of:
~Essays until I wrote my 1st
~Extempore until my 1st
~Presenting until my 1st
~Investing in equities until my 1st
~Running a business until my 1st
~Sharing my work online until my 1st
I know I ain't an expert in these but I am not scared anymore.
#JustDoIt
Was speaking to my brother about how we both have grown our tummy in the COVID-19 times due to WFH.
He says,
"There's a difference between you and me. You are a consistent compounder while I am a multibagger." 😂🤣
Was fortunate to meet
@velumania
Sir just now.
He just told me about the 3 stages of his life
1. All time no money.
2. All money no time.
3. Balancing both.
@RMantri
@cricketworldcup
It's so convenient to say this now. :)
He has played that way all throughout and brought us to the position of strength.
Process> Outcomes
I wished my wife, "Happy Teachers Day"!
She: See the cushions are not in order, and the wet towel is still on the bed.
I: See, you teach me everyday. So much to learn from you. Happy Teachers' Day again!
I you have taken an early morning ✈️ from Bangalore you would know the pains of standing in long queues 3 times.
1. Entering the airport
2. Baggage Drop
3. Security Check
DigiYatra helps you avoid 2 of them.
I found it very helpful isliye "Jan-Hitt" mein Jari .
Let's go ✈️
@JamesClear
Sleeping early and waking up early.
Not wasting a few hours at night, and using it to sleep is very helpful.
So is getting a few extra hours early in the morning.
Compounding is backended.
Consistency > Intensity
While dropping my 9 y/o to the bus stop, we had a race. After 2 minutes.
I: I'm tired.
He: Why so early? I'm not.
I: I'm 38 y/o. You are 9.
He: Ronaldo is also 38
I: I can't run like Ronaldo, Ronaldo can't research & invest like me.
To impress our kids, we go to any length.🙈
A lot of you call me andh bhakt
You are missing the forest for the trees. Focus on the intent, the actions, look at the broader picture. If you get lost in the details, you are basically playing into hands of forces which act to break, loot & keep india poor
🧵
@AbhijitChavda
@virajmehta16
If it is enforced by parents, then wrong. If the kid wants to do it on her own, then there is no prob.
Buffett, Lata Mangeshkar, Sachin didn't explore everything before they began their path.
Starting early is never wrong. It is wrong when its not the kid's call but parents'.
"You impress people with your accomplishments, but you connect with people through sharing your struggles. "- Ian Cassel
I failed in CA finals 4 times before starting my investing career. Ran out of patience in CA. Patience came naturally to me in investing.
@siddharthas1008
Failed in Physics in Class 8th so decided mentally that I'll do CA and take Commerce
However, it is a different thing that I failed in all Subjects in my class 11th Finals
Yes, all! Maths, BSt, Eco, Accounts
Three steps to improve your writing:
1) Write for 60 minutes every day.
2) Publish one article every week.
3) Listen to feedback.
Do it for a year and you'll be an excellent writer.
-
@david_perell
A friend said that he is not going to use WhatsApp ever in his life. He deleted the app from his phone.
2 days later I received a WA message from him.
I was like🤔
Tears rolled down my eyes when he said:
"I forgot to take my wife's permission before announcing this." 😓
Rare insights do not come daily.
It takes years.
Some time several years.
After almost 10 years today a rare insight struck me.
"It doesn't matter who started the fight, my focus should always be to end it asap."
I am a family man. Plz don't ask me with whom I fight.
This is the 1st book I plan to start and finish with my 6 y/o however long it may take.🙂
He may not get all the lessons in the first reading.
I hope, in due course and over several readings he will.
Thanks, Vishal (
@safalniveshak
) for everything you have taught us. 🙏
I was in a company of a few wise men in a small town in MP.
I found it odd that for two hours no one felt the urge of looking at their phones.
It took me a moment to realize that I was the odd one out. Not them.
We took our 6 y/o to a game zone last to last sunday for the 1st time after Covid-19, the deal was we'll go once a month.
Today's discussion:
He: If you take me today, next we' ll only go in March.
I: Ok
He: If we go next Sunday too, I promise next time only in April.
🙈
Met 2 contrasting investors today.
On my left, my mentor, Ankur Jain, has taught me to go deep into businesses & think long term.
On my right is
@GunavanthVaid
, who, despite being a CA, doesn't invest based on ARs but based on his reading of the management.
There's no 1 way.
Thanks, team
@niveshaay
, for inviting me to your office. You are a great bunch of hard working and smart CAs,CFAs doing some excellent research and scuttlebutt.
Wish you all the best.
Thoroughly enjoyed the interaction.
Missed you,
@arvind_kothari
ji.
Maybe next time. :)
This is for my friend & co-founder, Akhilesh dada (
@akhileshnpathak
)
So happy that you finally took the plunge.
Quit a high-paying & secure IT job.
To come full time with us. (
@Ronakpatel
& I)
Here’s an emotional one.
May get boring for some but I had to write it.🙂
No matter how genuine & hardworking you are, a tiny portion of people will be behind you to disturb you and force you to be someone you don't want to be.
But you can never hold them responsible if you give in to their demands.
Know who you are. Pick your battles carefully.
The whole concept of 'settling down' is misleading.
Life is not meant to settle down, life is meant to struggle, to explore, to wander. to love, to lose, to learn, to unlearn, to fail, to rebel, to live.
Even our ashes don‘t settle, they fly away in all directions.
-Anonymos
My 6 y/o plays with my mobile.
We had a deal of not having more than 3 games in the phone.
Since then I have seen 100 new games in my phone.
But he is very obedient.
At any point of time, I only see 3 games.
You can't teach your kids. You can only learn from them.🙂
If you get tired, rest
If you get scared, pray
If you get anxious, wait
If you get lost, take help
If you get confused, relax
If you lose a match, prepare
If you get rejected, reorganize
If you can't focus, take a break
If you feel alone, meet someone🙂
Whether it's your parents, your spouse, or your 7 y/o. All they want is that you actively listen to them when they are talking. And you fool yourself by thinking that you are the one who should do the talking.
Thank you so much Sir
@Sanjay__Bakshi
for being my mentor.
@iancassel
and
@iddings_sean
put it in their book so neatly that "Standing on the shoulders of giants" is the most underutilized way of gaining wisdom. That's what I am trying to do
@SmartSyncServ
6 y/o: Why is India playing so poorly?😒
Me: Should you be worried more about your homework or India's loss?
He: Of course about India ( without a thought )
🙊🙉
Be it your kids, your spouse, or your aging parents.
They all want you to pay attention to them and listen uninterrupted and with utmost patience.
And you fool yourself by thinking you are the one who should do most of the talking.🤷
During the concall season, the morning walk is often coupled with listening to concalls.
It's surprising to see that all these videos have less than 500 views on average.
Even through the channel has ~50k subscribers.
It says a lot about what kind of content we want to watch.
I just showed this image of Buffett & Munger to my wife and told her that Munger is 99, Buffett is 92, and they still talk about long term.
And we panic when either a quarter goes bad or the valuation of our stocks rise a little bit.
Berkshire Hathaway 2022 Letter is out.
It's fashionable these days to mock Buffett & Munger.
Statutory Warning ⚠️
You'll be disappointed if you are expecting any mockery here.
Top 15 quotes in the 2022 letter from Buffett & Munger.
A 🧵
Power of a Brand!
They have a monthly revenue run rate of 4-5 Cr.
There is no provision for you to sit.
First, stand in the queue to pay for your order.
Then, wait another 10-15 mins for your order to arrive.
Yet all are so happy & enjoying.🙂
@RameshwaramCafe
#indiranagar
The biggest data that is missing here is CAs who opted out of placements and went into practice and created huge employment opportunities for the nation.
My wife is a practicing CA for over a decade now. So are a few friends.
Immense respect for CAs.
I failed in CA finals.
Steps in Learning
1. Learning from the elderlies (what worked in the past) (कल)
2 Learning from your peers ( what is working today) (आज)
3. Learning from people younger than you. ( what is probably going to work tomorrow) (कल)
4.3 Million
43000000
That's the gap in the workforce for the USA compared to the pre-pandemic levels
I neither read nor understand macro stuff much.
Spoke to my bro who's been working with DB, BoA & WF for a decade now.
Some crazy things happening there.
Let's start!
@aditya_kondawar
1. No credit card
2. No debt
3. Income-Savings= Expense
4. Take multiple breaks but short breaks and nearby (Saves cost and increases productivity)
5. Value family and friends time more than expensive possessions
Some easy ways to make your life miserable:
Procrastinate
Live mostly in denial
Take credit for all wins
Blame others for all losses
Position yourself as a victim
Position others as lucky fools
Say a 1000 things, do only ten
Fav topic: "What's wrong with the 🌎"
An open request to Twitter handles with a large following (>25K).
If you don't like a tweet, plz don't amplify it by retweeting it with your hate comments.🙏
Lesser mortals like me are better off not seeing that content than seeing it with your hate comment.😀
Did you know why the 12th month is named December?
December comes from the Greek word "Deka" i.e.10
Then why was the 12th month and not the 10th was named as December?🤔
I got to know about it while solving a few puzzles with my 6 y/o.
There's an old story behind it...
Watching IPL final with my 7 y/o.
I told him, let's support KKR and make them win.
He immediately says, "I always support only that team which plays well in the first hour."
No emotions
Only Merit
#IPLFinal
If you wish to fly, you don't need shoes in your legs.
You just need wings to your thoughts.
Watched it with my 6 y/o.
Inspirational for both of us.
Thanks
@cricketaakash
🙂
Why do self help books sell the most?
All the problems of your life is due to your own self.
You find problems in others bcoz there are problems in you.
Self help books make you realize those problems.
But you quickly forget the lessons.
So you need them again and again.🙂
SSS & I have walked🚶♂️ together for 8 years on this planet 🌏.
Shared a few thoughts on LinkedIn.
Thank you, everyone, for making this journey an enjoyable one.
Miles to go 🚶♂️ before I sleep 😴
Of all the investors I know,
@suru27
bhai is the last person I could think of who would be quoting Buffett, Munger & Lynch.😄
So this was very interesting and a very good presentation on Sudarshan Chemicals.👏
To remind myself of these mistakes, I still hold 10 shares of IVRCL. New investors may not know about the company. Oldies will tell you about it.🙂
Hope to share more stories from my "Hall of Shame" as we go along.
Thank you for reading.🙏