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Vibe alone until you are valued
Mar 16 8 tweets 2 min read
Expected impact of PDL increase on OMC, Refineries and Oil Exploration companies:

What is PDL? Petroleum Development Levy (PDL) is a government-imposed tax on petroleum products, primarily aimed at generating revenue for the government and influencing fuel pricing. It is applied per liter on various petroleum products, such as High-Speed Diesel (HSD), Motor Gasoline (Petrol), Kerosene, and Light Diesel Oil (LDO).

PDL vs. Other Fuel Charges:

1. PDL: A fixed per-liter levy imposed by the government.

2. General Sales Tax (GST): A percentage-based tax on
May 26, 2023 14 tweets 4 min read
Philip Carret lived through 31 bull markets, 30 bear markets, and 20 recessions.

Warren Buffett called him “one of my heroes” and said he had “the best long-term investment record of anyone I know.”

He boiled down his 79 years of successful investing to 12 basic commandments: Image But first, a little background on Philip Carret:

After studying chemistry at Harvard, flying a single-seat fighter plane in World War I, and quitting Harvard Business School, Carret became a bond salesman. Image
Jan 12, 2023 18 tweets 4 min read
The Art of Selling a Losing Position

Your stock is losing value. You want to sell, but you can't decide in favor of selling now, before further losses, or later when losses may or may not be larger.

All you know is that you want to offload your holdings and preserve your capital and reinvest the money in a more profitable security.
In a perfect world, you'd always achieve this aim and sell at the right time.

Unfortunately, it isn't that easy in real life. When the housing bubble bursted in 2007 and stocks started their descent into a bear
Jan 11, 2023 11 tweets 2 min read
The two great minds of Berkshire Hathaway, Warren Buffett and Charlie Munger have been an inspiration for countless investors. They have priceless wealth of wisdom, we can all learn from.

This thread contains couple of quotable quotes from both Warren & Charlie.

Let’s begin👇🏻 It takes character to sit with all that cash and to do nothing. I didn't get top where I am by going after mediocre opportunities.