this turned out to be a FANTASTIC read. Another level.
this right here, this is called thinking long term.
and finally. THIS APPLIES SO WELL TO INVESTING TOO!
"Sustainability, to a certain extent, is to have ice in your stomach because you need to believe in the long-term effects of what you’re doing and not starting to doubt them too early,”
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My ex-boss. I remember him. I looked up to him. Until one fine day he turned out to be a bigot. Of course he became bolder after...well you know when. And he found he had good company. Over time, I went silent on that WhatsApp group. And now that group has gone silent as fuck.
Then there are people I looked up to on Twitter from back in the day. I've been here long enough. Yeah, I un-followed most of them. There is this one markets guy but I muted him yesterday because, well, he was muted in past few days except for platitudes.
When we first logged on Twitter back in the 2007/2008, a few of us even started a campaign called Voteyatra - to get people to vote. This was a few years after the great @sidin had made a bold attempt at indie media with Hafta which was after blogging great @amitvarma had great success with India Uncut.
My name and address were used for a loan, without my knowledge or consent. I am now being chased by @MobiKwik to repay this loan. Here's what happened.
On 13th March, a CIBIL enquiry for a loan was done on my account by Whizdm Finance. My mistake to have ignored it then.
On 13th March, a loan of Rs30K was originated by Transactree, the company that runs @lendboxin. This loan went on my name with my address and mobile number taken from CIBIL.
Markets are at all-time highs. I think this is why. Thread.
Three things are getting 'factored in' (fancy word for assumed) by investors: a) Modi 350+ in May 2024 b) India GDP at 7%+ for foreseeable future and c) US Fed rate cuts (and RBI) start next year. These are big assumptions.
What can go wrong? If any of the previous three assumptions do not happen. But talking of what can go wrong, take a few steps and look at the past 4 years..