The time when Reliance went through a GameStop a like situation and and how Dhirubhai Ambani turned the tables on the Kolkata bear cartel

And a lesson for entrepreneurs on how to deal with the enemies

Thread Continued

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India’s biggest private sector company Reliance Industries Ltd went public through its initial public offering (IPO) in October 1977, when it issued 2.8 million equity shares of Rs 10 each.

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As Hamish McDonald writes in his book Ambani & Sons: “Thereafter Reliance expanded its equity base through frequent rights and bonus issues to shareholders...but it was through the use of convertible debentures that Dhirubhai Ambani made his big splash in the capital markets”

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Atharva Kharbade

@athrvakhrbde

27 Jan

This guy, Michael Burry, reached a 1,500% gain on his GameStop investment on Monday, Jan 25, 2020.

His 1.7 million shares soared in value to $271 million at the peak.

The article below is from Aug 21, 2019. He had successfully predicted the future

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barrons.com/articles/big-s…

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If you don't know him already, it's not the first time that his prophecy became true.

Michael had successfully predicted the 2008 housing bubble burst.

Everyone called him crazy back then, but his "short" stock made him his millions whereas the whole market collapsed

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You may recognize him as the guy whose role was played by Christian Bale in the movie The Big Short.

Read 4 tweets

Atharva Kharbade

@athrvakhrbde

9 Jan

@elonmusk

How Signal Grew From Privacy App to Tech Powerhouse

And how Signal became the top recommendation of @elonmusk as the better alternative to WhatsApp

The Story of @signalapp

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Signal is an end-to-end encrypted messaging service, similar to WhatsApp or iMessage, but owned and operated by a non-profit foundation rather than a corporation, and with more wide-ranging security protections.

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One of the first things you see when you visit its website is a 2015 quote from the NSA whistleblower and privacy advocate Edward Snowden: “I use Signal every day.”

Now, it’s clear that increasing numbers of ordinary people are using it too

Read 31 tweets

Atharva Kharbade

@athrvakhrbde

7 Jan

@naval

Part-III
Startup Bharat: @naval & @balajis

The full Clubhouse session in text

Thread Continued

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Question: What's your take on the farmers protests happening in India, especially with your interest in going to India?

Answer by Naval: Unfortunately I have no idea. I don't follow geopolitics. I can really be bothered to follow politics and other States it's nausea.

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They get difficult and hard and one has to stick to their sphere of competence. I don't know apology. I admit to being completely clueless and I'm proud of it

Read 24 tweets

Atharva Kharbade

@athrvakhrbde

6 Jan

@naval

Part-II
Startup Bharat: @naval & @balajis

The full Clubhouse session in text

Thread Continued

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Naval: It's funny because right now there's like that dude, where's my flying car mean, which is like, we were promised flying cars, but instead we got, 280 characters, 140 characters, and there's some truth to that. But at the same time, We're going to get our flying cars.

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We have drones that are flying overhead. How long before those things are carrying larger and larger payloads, but carry humans all the way. Maybe not, but there's lots of other electric plane companies coming.

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