Cyber risk is one of the biggest financial risks. I heard of a single scam of Rs 20,000 crores that affected lakhs of Indians.
A precaution you can take to significantly reduce the odds of being a victim of cyber fraud is to enable two-factor authentication (2FA) everywhere. 1/12 What's 2FA?

The first factor in a login is a password you remember, but it has the risk of being easily compromised. 2FA is an additional factor to secure your account. Biometric authorization, TOTP (time based expiring codes) etc. makes account compromise much harder. 2/12

Does technical analysis (TA) work?

The best part about TA is that it doesn't let us go against the trend and forces us to have a stop loss. It stops us from averaging down as the price falls. If traders follow these rules, odds of doing well go up significantly. 1/5 But can the various indicators and patterns magically help determine the right time to enter or exit?
My sense is probably not.

Has the trend of people who care about TA as a % of people who trade the markets increased over the last few years? I don't think so. 2/5

Corporate governance issues coming to light in Indian startups will only increase with time. While founders will be blamed, the venture capital (VC) ecosystem is equally to blame
The root cause of this is the overestimation of the size of Indian markets by founders and VCs. 1/10 While India is a fast-growing economy that will hopefully be an economic superpower in the future, it isn't that today. The size of the target market (TAM) by revenue needs to increase significantly to justify the valuations of the startup ecosystem in the country. 2/10

There's a new scam in the name of FedEx, Blue Dart, and other courier companies that you need to be aware of 👇

A colleague got a call from a person claiming to be from FedEx saying that a parcel had been confiscated by the police because drugs were found in it. 1/4 Since he was expecting a courier from an e-commerce platform, he panicked. He then got a video call from someone claiming to be the police and issued this official-looking letter. They shared the bank details to transfer funds to release the package. 2/4

Only about 50 lakhs or 0.3% of Indians go to a gym. Strength training is integral to increasing healthspan & we need more to focus on this.
There is enough research to prove that exercise delays death & prevents cognitive & physical decline better than any other intervention 1/5 Most Indians think that you don't need strength training as you age. The truth is strength training becomes even more critical as we get older, especially after our 40s.

The stronger we are, the more active we can be when we are older. 2/5

knowablemagazine.org/article/health…

As part of @RainmatterOrg, I get to be in meetings & learn from the smartest people in the social sector, like #ClimateRISE today.
The thing I still don't understand is why Philanthropy/CSR is oriented toward funding projects & not supporting organizations over the long-term 1/5 In both profit and non-profit organizations, the odds of creating returns or impact are highest when you find the right founders and give them enough runway to experiment. Founders can then figure out what works and do more of that and less of what doesn’t.
2/5

We’ve just created an internal AI policy @zerodhaonline to give clarity to the team, given the AI/job loss anxiety. This is our stance:

"We will not fire anyone on the team just because we have implemented a new piece of technology that makes an earlier job redundant." 1/8 In 2021, we'd said that we hadn’t found AI use cases when everyone was claiming to be powered by AI without any AI. With recent breakthroughs in AI, we finally think AI will take away jobs and can disrupt society. 2/8

https://twitter.com/Nithin0dha/status/1463764077210062853?s=20

Being content is the only way to true freedom. A person who embodies this is my father-in-law, Shivaji Patil
He was in the Indian Army & voluntarily retired as a Havaldar after losing his fingers to frostbite during the Kargil War. He started a grocery shop in Belgaum after. 1/5 He is 70 years old but goes to the local market regularly on his decades-old scooter for the specially abled to buy groceries for the shop. His only help is my mother-in-law, who helps him run the shop and manages the house. 2/5

Someone I know got scammed & lost money.

It started with a response to a part-time job offer on WhatsApp. The first few tasks were about leaving fake reviews for resorts & restaurants in random places like Peru. ~Rs 30k was transferred to the bank for the tasks completed. 1/8 A Telegram group was created with others who claimed to do these tasks.

The next task for the group was to trade on a mock crypto platform, following a bunch of rules. Profits generated were allowed to be withdrawn, even without transferring any real money. 2/8

I think the number of founders and leaders, especially at late-stage startups quitting will only increase, making it harder for businesses to survive this funding winter.
This is because of liquidation preferences & the disconnect between valuations and business fundamentals 1/8 A liquidation preference allows investors to recover their investment before anyone else. This is how all startups raise money. Nobody thinks of it as a loan, but it is similar.
The more money founders raise, the harder it is for them and their teams to see equity upside. 2/8

Hemp belongs to the Cannabis sativa family—the same as marijuana. They look similar, but hemp is versatile and has multiple uses, including as a superfood. It's also good for the planet.

Unlike its notorious cousin, hemp doesn't get you high 😬. Partly why it isn't popular. 1/4 Because they look alike and come from the same family, hemp is often mistaken for marijuana, which is one reason why it isn't mainstream. 2/4

The press conference post the SEBI board meets feels like being in a master class on Indian capital markets. It is a must-watch for anyone who takes an interest in the industry.

Here is how I think the outcome of yesterday's meet will affect retail brokerage firms. 1/8 The biggest risk for almost all regulated businesses in India is regulatory change. I doubt there has ever been a time when regulations have evolved this quickly. While these regulations generally are for good, they can disrupt business models quickly. 2/8

Buying a health insurance plan for the family is the most important financial investment you can make, given the costs of serious health incidents.
Even before you do anything else in your personal finance journey, get health cover to the extent you can afford. 1/4 ``In 2014, the last year for which data is available, the Avg cost of inpatient care per hospitalisation was Rs 26,475 in urban areas & Rs 16,676 in rural.
Over 6.3 crore Indians are faced with poverty every year due to health costs alone; according to government estimates`` 2/4

Here are a few thoughts on the STT increase.

The 25% increase in F&O STT will further move volumes from futures to options. The actual impact wouldn't be much because over 80% of the volumes come from options & STT is on premium, not on contract value as it is in futures. 1/6 It is good that the impact will not be as much on options. But a vibrant capital market needs activity across futures and options. They both solve for different needs of traders, speculators, arbitrageurs, & hedgers. 2/6

It's 2 years since we started giving back through @RainmatterOrg, with @zenx leading it.

We started with a question: What's the point of wealth, if we can't use it to make a difference to society. Fast-forward 2 years, I have more questions than answers. 😬1/4 1 First lesson was that it isn't giving back. We think of it as giving forward or investing in our collective future. Just reframing what we are attempting to do has given us more clarity
2 Decision making under uncertainty is hard, especially with climate-focused initiatives 2/4

We add millet (ragi) to wheat flour and dosa batter at home. It's healthier & tastier.
Most of us don't know that millets are also good for the planet because they consume much less water & pesticides. The reason why everyone should introduce millet & talk about it too. 1/5 The United Nations has declared 2023 the International Year of Millets.

As the world discovers the health and ecological benefits of millets, India can become the global millet hub and also create green jobs locally.
Millets were popular in India until the British. 2/5

One way to think of our developmental & sustainability challenges is to consider India as ~30,000 clusters of ~20 villages each.
Clusters are like organizations, & today aren't self-sustaining since revenues are less than what they pay for goods & services. This has to change 1/9 Today, most of the income generated by these clusters eventually ends up going back to the larger cities. This is because we consume food, goods, & services from outside the cluster even when they can potentially be produced within. 2/9

The biggest reason active traders lose money is overtrading, the low brokerage doesn't help.

Traders forget that costs like STT, stamp duty, etc. are charged as a % of every trade & compound quickly. You'll now see the total cost of a trade on the order form. 1/6 Ideally, we should have introduced this feature even before the SEBI circular requiring all trading platforms to display costs on the order form. This was a miss from our side.

What can't still be captured is the impact cost—the biggest cost for traders. 2/6

Allowing NRIs to open demat accounts online is the low-hanging fruit to attract money to India. The process today is physical and cumbersome.

With Indian markets doing well, there's a great interest to invest here, but the tough onboard process leads to massive dropoffs. 1/4 Since NRIs send and receive funds from bank accounts with KYC, we can make onboarding fully digital and make it as easy as it is for a resident Indian to open a trading account.

Online onboarding is the main reason for increased retail participation in India. 2/4

We've always believed that bonds and maybe not stocks are the right stepping stone for most Indians—better than FD returns but lower risk than stocks.

But bonds have been an HNI product, and no one sold them to retail. But SEBI has just made some important changes recently. 1/6 There were two big issues:

1. Availability of bonds with small face values. Most bonds are issued through private placements and have face values of Rs 10lakh+. So retail investors were priced out. 2/6

I have spent the last couple of years thinking quite a bit about health. Experimenting with myself and our team, and supporting startups that are trying to help Indians make healthier choices.

A few thoughts on how and why you should focus on your health. 1/9 In chasing money goals, it is easy to forget that all the money in the world can’t buy good health. As we grow older, our health determines the quality of life, not money.
Good health also means the ability to bounce back faster if unforeseen incidents occur. 2/9