Tweet

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @passivefool

Below poverty line fool.

@passivefool

May 24

https://twitter.com/StableInvestor/status/1528973040188391424

🧵A thread on why this tweet is wrong.

The anti-threader is confusing yarn and thread. Though used interchangeably, they are not the same. Yarn is mostly used for fabrics, while threads are used for garments.

https://twitter.com/StableInvestor/status/1528973040188391424

Yarn is much weaker than thread. So even if you wanted to circle the solar system with yarn, you can't, it will snap. It's science.

Also, to circle the solar system, you need a spaceship and a bunch of spaceship drivers. It's too costly. The original tweeter has failed to consider the costs.

Read 6 tweets

Below poverty line fool.

@passivefool

May 19

Someone asked me what to do in this bear market. I didn't know what to say. But there are 4 things you can do, the way I see it.

1. Sell everything. You won't make a loss tomorrow, but you won't make a profit the day after either.

2. Time the market. You'll probably suck at it. But by god's grace, if you're good, Zee Business will do a profile on you. It will be widely watched by 7 guys in Uttar Pradesh that will take a break from chewing gutka and watching funny saas bahu serial videos on Taka-tak.

3. Take the pain.

The next X months/years will feel like a financial colonoscopy by an MBBS trainee who's wearing wrong sized gloves and distracted because he saw the P&L of his blue-chip penny stonk portfolio. But on the bright side, you got the colonoscopy over with.

Read 4 tweets

Below poverty line fool.

@passivefool

Feb 9

My new, new year resolution is to tweet like startup bros and hustle bros.

Startup is 10% skill and 90% luck.

Entrepreneurship is like running on a treadmill to diet without consuming carbs.

Startups are not born, they are made. Unicorns are not made, they are caught.

Read 21 tweets

Below poverty line fool.

@passivefool

Oct 2, 2021

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

Below poverty line fool.

@passivefool

Aug 14, 2021

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

Below poverty line fool.

@passivefool

Jul 20, 2021

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

Share this page!

Below poverty line fool.

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @passivefool

Below poverty line fool.

Below poverty line fool.

Below poverty line fool.

Below poverty line fool.

Below poverty line fool.

Below poverty line fool.

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?