Markets are at all-time highs. I think this is why. Thread.
Three things are getting 'factored in' (fancy word for assumed) by investors: a) Modi 350+ in May 2024 b) India GDP at 7%+ for foreseeable future and c) US Fed rate cuts (and RBI) start next year. These are big assumptions.
Jan 27, 2023 • 19 tweets • 3 min read
This was personal. #Pathaan was deeply personal for anyone who loves movies. Here’s why.
The kinda hatred piled on @iamsrk is something most of us would have wilted under. Matlab boss. Ruh kaap janti..
Jan 27, 2023 • 13 tweets • 2 min read
The case for buying a house. Hear me out, don't block me. This is an alternate view.
House = home, for consumption, self-use. I'm not referring to investment homes.
Jan 12, 2023 • 14 tweets • 1 min read
Shit that no finfluencer tells you on YouTube.
Nothing is guaranteed in investing. Only the rate of interest on an SBI FD and a G-Sec is guaranteed by the Govt.
Dec 12, 2022 • 12 tweets • 2 min read
In praise of a job.
Myth 1 'jobs suck': People survive and grow out of bad jobs, usually learning something good. And usually? it's the people (around you) who suck, not the job. Which brings me to..
Nov 16, 2022 • 23 tweets • 2 min read
Income - expenses = savings (and investment). Simple tips for all three.
Income: salaried job? check your appointment letter, CTC in detail. Max out tax savings using PPF, NPS, etc. keep track of perks, benefits, etc (medical, HRA, leave allowance).
Jul 18, 2021 • 9 tweets • 2 min read
India's biggest consumer finance story of the past decade (F11-21) wasn't startups. It was Bajaj Finance.
Loan book CAGR: 35%
PAT CAGR: 33%
Avg ROE: 20%
Share price CAGR: 111%
VC money: 0
Market cap: US$50bn
(Source: @MarcellusInvest, @BSEIndia)
Some learnings: 1. Markets will pay for growth 2. Markets will pay for quality 3. Markets will pay for scale 4. Markets will overpay for high quality + high growth at large scale because...
May 10, 2021 • 14 tweets • 4 min read
#longread@indianexpress full page interview with @mybmc Boss Iqbal Singh Chahal (ISC). Here's what stood out to me. indianexpress.com/article/india/… Thread:
Oxygen: On Apr16th night, 150 ambulances shifted 168 patients from hospitals short of oxygen to jumbo beds (3600 beds empty, of which 850 beds with O2). No lives lost. "After the operation, I couldn't sleep at all" after which..
Apr 24, 2021 • 7 tweets • 1 min read
Everything that people say about mobs and hatred on Twitter is 100% true. No platform organises hate like Twitter. Thankfully Twitter also helps. And that's what's important right now. Help. So you can keep hating. But remember: help or hate is a choice. Choose well.
This is the second day I'm getting pure hatred. Some want my family dead. And that's ok. These are extraordinary times. Their hatred for me is well placed. That's ok.
Apr 21, 2021 • 4 tweets • 1 min read
VERIFIED
21/April, 9.12pm
DELHI
Jyoti Khosla
Age: 65 years
Address: below minto bridge, Gandhi market
Is Covid positive, has a patch in the lungs, low oxygen levels, has a history of diabetes and kidney problems. Needs icu urgently!
Contact: +91 98181 85775
cc @PBnrg@ShutterCrazy
Apr 4, 2021 • 8 tweets • 2 min read
RKD buying Premchand Roychand's bungalow is such a magnificent Bombay Mumbai story. This city really is about money and dreams.
Both are big bulls. Both have their fortunes tied to the stock market. PC made it big during the Backbay Reclamation scam, RKD origins date back to Harshad Mehta.
Mar 20, 2021 • 4 tweets • 1 min read
Hottest investment class of next decade in India is startups and it's a pity that retail won't get any piece of the action unless they're founders.
more here:
Thread from a conversation with, well, someone who doesn't want to be named.
"The amount of money that will flow into startups in India is being wildly underestimated. It will be 1000x public money going into stock markets. I pity retail investors."
Mar 2, 2021 • 6 tweets • 1 min read
"I create nothing, I own" - Gordon Gekko, Wall Street (1987)
Do you believe in God, Mr. Le Chiffre?
No. I believe in a reasonable rate of return.
(Casio Royale, 2006)
Nov 30, 2020 • 14 tweets • 4 min read
What portfolio gives you sound 'sleep at night'? A portfolio that consists of great companies. How do you define great? Great financial performance because stock prices follow profits and cashflows.
What is great financial performance? India's nominal GDP growth is around 12% (7% real + 5% inflation) so a great company should be able to deliver around 10% growth *every year*. And...
Oct 6, 2020 • 6 tweets • 2 min read
I get the outrage against WhiteHat Jr but sorry guys. Society (us!) says:
IIT-IIM = success
Foreign education = success
Startups = success
Coding = success
Which parent doesn't want his/her kid to be successful?
Have you even seen the tons and tons of money that startups attract? And coding is critical in startups. Which parent doesn't want his/her kid to be successful?
Sep 28, 2020 • 14 tweets • 2 min read
Liquidity, return of capital, return on capital are the three basic things that drive any investment decision. Hear me out.
Liquidity is access to your money when you want it 24x7. Examples: an FD is extremely liquid, a liquid fund takes one day, PPF is locked in, an investment in your friend's startup is locked in.
Sep 16, 2020 • 11 tweets • 2 min read
Ok a quick thread on equity research since so many people have jumped into equities.
Good news? equity research today is more freely and more widely available than ever before. Bad news? most of it is mediocre. There's a reason why they're free.
Sep 12, 2020 • 10 tweets • 1 min read
So you shifted to stocks after you got frustrated with mutual funds? Ok, I hope you..
understood the difference between trading and investing, long term and short term, luck and skill
6yrs completed in one of my SIPs, IRR of 1.5%. I can understand people's frustration with mutual funds. A thread.
I rarely track IRR of my SIPs, leave alone tweet about it. So why now? Two reasons.
