Similar UI, same brokerage per order, cool funny iconic founders, targeting social media influencers
But zerodha did few things in Initial years which imho is missing
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1. Word of mouth publicity by genuinely being blown away from product and literary forcing friends and family to at least try this new broker, not seen even 1% for any other broker since
2. No marketing, advertising budget, which forced zerodha to aquire customer organically
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Jan 9, 2022 • 6 tweets • 2 min read
10 min delivery start ups.
For many generations, only permanent flex MEN (father, husband, son) had was delivering groceries in under 10 mins, when commanded or shouted at.
This was the USP, and after such act, men feel valued, elated and even allowed some freedom
1/n
Freedom to hang out with friends, or even freedom to drink (if they did many 10 min deliveries, esp on a Sunday)
Also it was a low cost solution for the house hold, and men made some pocket change of time and money for cigarettes if they were lucky.
If you like a girl in your classroom/office/dandiya/ganpati
go talk to her
Literally, she is waiting for you to talk to her.
And take her phone number in the first meeting itself,
there might not be a second meeting without a phone number
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A beautiful girl, well dressed, is not waiting for the most handsome guy,
She is waiting for just average decent guy who can make a great conversation, and she knows that she has to talk to u to know if u are decent and/or can make a good conversation
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Sep 22, 2021 • 23 tweets • 5 min read
Managing long term portfolio
With very little efforts you can beat any mutual fund while being buy only long term investors,
First, why many mutual funds underperform the index on a long term average
1. they have to keep cash for redemptions, which gives little returns
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2. They have to pay overheads like salaries, office expenses, sales and marketing expenses which is around 5-6% of the AUM they handle
smaller the MF, higher will be such % but bigger MFs have different problem
Sep 20, 2021 • 20 tweets • 4 min read
China’s credit market: as crisis unfolds #Evergrande
From 2008 onwards, to match projected GDP numbers of 10%,
china made 300 cities which are loosely called ghost cities of china
Video of Al Jazeera Is from 2009,
This growth of GDP was fuelled buy Chinese PSUs and state govts taking loans to complete these projects
These loans were short tenor loans with frequent refinancing. This was done to keep a tight control over their finances and operations without letting the credit risk spread
I see 15% correction from here from trading point of view
Long term view (2 yrs) is super bullish (just to avoid confusion)
Unless some short covering comes in last hour, I will go with simple Buy PE in both indices
As said above, going home with simple ATM weekly Put buy on both the indices
expecting a good gap down tomorrow
Sep 10, 2021 • 9 tweets • 2 min read
Everyone wants them to be your number one priority
But they keep you on standby, sometimes last priority
Why so? are people so mean and selfish?
No, they are not
this behaviour is part of our evolution process,
little before industrial revolution and if u go to stone age then all the more clear,
human beings were struggling for resources, food shelter etc,
Sep 7, 2021 • 5 tweets • 1 min read
People dont change
No matter how much we pray and expect them to change, in a short span of time, people don't change
As we are sum of our habits,
these habits are hard wired in our brain,
to change these wiring, requires either painful integration of new habits
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Or sudden change in their life situation, especially sudden loss of job or loved ones etc
If a person is lazy, very unlikely that motivational books will help him
If a person is always late to meetings, expecting him to be on time is inviting lot of heart burn
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Aug 31, 2021 • 6 tweets • 2 min read
The speed with which big Banks adapt to change in environment is commendable
Smaller banks and NBFCs either cant do that (because of regulation or lack of strategy)
#HDFCBank had a retail heavy book for last 20 yrs, now corporate book is bigger and expanding fast (53% now)
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as HDFC Bank sees that, fintech riding on ponzi scheme of valuation and VC money, will eat away CASA, will eat away fee income related to retail
but regulation will not allow fintech to even look at corporate loans, so not only hedged, but double down with AT1 of USD 1 billion
Pls note Hdfcbk raised same amount for the first time ever.
All big banks are expecting tsunami of credit offtake and preparing dry powder
This govt pushed infra led growth will give unbelievable valuation
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To big banks and NBFCs, who are in a position to raise cheap capital n have good rating
While smaller banks like #RBL, #BANDHANBNK, #ujjivan n nbfc like ibulhsgfin will have tough time
Aug 8, 2021 • 11 tweets • 3 min read
My dad is 74 yrs old and mom is 70
I did my bit to help them ;)
Time for a thread
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My dad has diabetes for last 35 yrs and mom has it for 5 years now
My dad's HbA1c shot up to 8.9 (five years back) and his doctor recommended insulin
He was depressed at the thought of being on insulin for rest of his life
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Aug 7, 2021 • 4 tweets • 1 min read
I am officially drunk tonight 😂😂
Jul 30, 2021 • 15 tweets • 2 min read
Burnout among traders , a thread
unlike what we think our brain’s capacity to take multiple decisions, to handle failures, to handle setbacks and to handle negative emotions is limited
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just like our bodies get tired, so does our brain
burnout for traders, applies more to discretionary traders then to system traders but it does affect everyone
Jul 29, 2021 • 4 tweets • 2 min read
Listening to one of my all time fav songs
I love Manoj Bajpai and RGV to give joy in my life by their movies (2001-2002) when I was going thru hopeless depression
My dad has diabetes for last 35 yrs and mom has it for 5 years now
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