A thread on investing lessons from #IndiaVsNewZealand.
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Oh and "star fund managers" will always disappoint you.

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More from @passivefool

2 Oct
Oyo filed for an IPO. This is a huge deal. A comprehensive thread on what this means and how it works.

1/n
Oyo filed it's DRHP with SEBI. DRHP stands for draft red herring prospectus.

Fun fact: it's not red. It's actually a white pdf.
Oyo want to do an IPO. IPO stands for initial public offering.
Read 11 tweets
14 Aug
You have really admire how much money the self-help quacks and pop-psychologists make by peddling seemingly asinine bullshit that masquerades as profound insight.

gsb.stanford.edu/insights/pract…
"regular brainstorming sessions are not likely to lead to an increase in unique ideas. In fact, the average novelty of your output — that is, the degree to which your inspirations depart from convention — actually might decrease over time."
There must be atleast a few million books which peddle some nonsensical version of sitting down and taking notes.
Read 9 tweets
20 Jul
Lot of startups who are yet to make profits are filing for IPOs globally. I'm reading the filings and the language is terrible. A few tips on how to do it right.

Here are the right terms to use instead of the current antiquated language.
We are making losses.

"We've been consistently making negative profits and growing year on year."
We don't yet have a business model.

"We're innovation leaders in several fast growing market segments"
Read 14 tweets
19 Jul
Long term bear warns it's dangerous to invest.

Shocked, I'm really shocked!

2021
It's too dangerous!

2019
Run forest, run! Or to the forest!

2018
Read 6 tweets
10 Jun
A short inspirational thread

Found out a surprising thing yesterday. My uncle had after working in a small company for about 35-40 years retired recently. He's from a typical middle-class Indian family and didn't have much in terms of property, money etc.
He's not well educated and had just passed his 10th and he's worked for most of his life doing odd things before settling at his last job.
So the question of retirement expenses came up and we were generally talking about it as we were cleaning up his old books and files. In the middle of this, I found a bunch of old paper certificates. He
Read 21 tweets
1 Jun
A story of an investor

Gets first salary

Decides to invest

Googles " how to invest" & finds a Moneycontrol article "These stocks can up 30% in short term"

They don't

Writes a blog title "the stock market is a scam"

Sees a P&L screenshot from a 17-year-old trading mentor
Signs up for an options seminar

Makes some profits

Tweets some Jack Shivajinagar quotes

Gets buggered by a malnourished Black Swan event & loses everything

Tags PM, FM, CM asking them to protect "innocent retail investors"

They don't
Gets a reply from a crypto guy saying "this is why you should crypto bro"

Updates the "stock market is a scam" blog

Invests in $ASS coin & $CUMMIES

Loses 90%

Mom finds out
Read 6 tweets

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