Cars beyond 15L are immense waste of money, especially if you're buying one with a loan.

1. Need a hatch? Go for Tiago/Altroz for safety or the tinsheet Swift/Baleno for peppy drive or Honda Jazz for a combo of both.
2. Need a compact sedan? Go for Tigor for safety, Swift Dzire for peppy drive, Amaze for a balance of both.

3. Need a proper sedan? Go for Honda City, Toyota Yaris, Maruti Ciaz, Hyundai Verna, Skoda Rapid.

4. Need a crossover/mini-SUV? Go for S-Cross, Nexon, Brezza, Venue.
5. Need a proper SUV? Kia Seltos, Hyundai Creta, Tata Harrier, Tata Hexa, XUV500.

6. Need a people carrier/beater? Ertiga, XL6, Marazzo, etc.
The only scenario where you buy cars worth 15L+ is where you have at least 5-6 crores in your liquid net worth. Don't splurge on depreciating assets and you should do 10x better financially than any of your peers.
And even when you're buying cars worth 15L, make sure you have at least 2-3 crores net worth, and that you have 15L in liquid cash that you can invest and generate returns of better interest than what you pay for the emi.

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More from @theBuoyantMan

17 Oct
Almost all the decisions in life that I regret were taken under strong emotional influence.

Looking back, this is the one thing that stands out. Whether it's greed, anger, hatred, vengeance, or just exuberance, every regretful decision has been made with emotions.
We only think that it's an emotional decision if we are overtly angry or overtly happy. But that need not be the case. Hope is an emotion. Greed is an emotion. Fear, even slightly is an emotion. When you're standing on a fence, a small emotion can nudge you to either side.
So, when making decisions that usually require a lot of changes in your life, think it through and see if any hope, desire, greed, fear, etc., have crept into the decision making process.
Read 18 tweets
17 Oct
You start a business (hypothetically).

In a couple of years, while the business is still at its nascent stages, you want to bring someone to be the CEO (essentially a late co-founder). That person has the following demands.
1. 40% stake in the business, immediately vested.
2. 5% of all net profits (on a monthly net profit basis) paid out as salary.
3. No cap on (2).
This person hasn't proven themselves yet to be a great capital allocator or a CEO, hasn't executed and brought in profits. But they are asking all this to do that. What do you do?
Read 5 tweets
15 Oct
Different kind of systems you can build for trading & investing - a broad categorization:

1. Market Neutral:

Ex: Finding overvalued and undervalued securities, shorting the overvalued ones, and buying the undervalued ones. The idea is to create a portfolio of zero beta.
This way, you operate independent of market risk, and profit from the movement of individual securities.

2. Fundamental Growth:

Fundamentally identifying companies that are expected to grow and appreciate capital. You go long with these securities.
3. Fundamental Value:

Using fundamental analysis to go long in undervalued (and sometimes even deep value distressed securities).

4. Quantitative directional:

Using quantitative analysis to identify overvalued/undervalued companies, going long on latter, short on former.
Read 10 tweets
15 Oct
Journaling is a very important thing to do if you're a trader. It serves the following purposes:

- Helps identify patterns in your trading behavior
- Helps identify high-impact mistakes to fix
- Helps to understand where you're losing most money
- Helps in refining your edge.
Journaling your way to success isn't a new concept. It's been done for years now and has been practiced and advised by many millionaires, billionaires too.

Different kinds of journaling serve different purposes. There are two major ones that I follow I'd like to suggest here.
The first one is the one that I learnt from @GrantCardone.

Just before going to bed, and immediately after waking up - write down 10-15 things that you want to have achieved for yourself and your life in the future.

Write them in the present tense as if you already have them.
Read 24 tweets
14 Oct
Remember the research I did on how many days opened at or near day's high/low and closed at or near day's low/high?

That's why a lot of good intraday systems work with fixed stop loss much better than with a trailing stop loss.
If I remember correctly, about 40-45% of the trading days in a year start at or near day's low/high and close at or near day's high/low respectively.

This means, if your system can reasonably get the direction right, a fixed stop loss system will end up making you the most.
This is applicable for intraday trend following systems. For trailing stop losses to work really well, you need a much bigger room, and that has to be driven by volatility of the instrument you trade.

No matter what you trade, TEST the SL methods before implementing.
Read 4 tweets
13 Oct
iPhone 12 to ship without charger. 😂

Apple is by now only milking whatever brand value they have left, from their customers, with only superior OS experience.
This is moat of the biggest form. Apple spends 120-150$ on iPhone cost. Makes 3-4x in profits. They keep raising prices and dropping parts to reduce their cost and maximize profit in the name of "reducing environmental impact".
And no matter what kind of shenanigans Apple pulls, their loyal braindead fanbase is going to buy their gadgets coz you only show iPhone as status symbol, not a OnePlus or a Samsung or a Pixel.
Read 4 tweets

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