Arun Kumar

Certified Financial Planner(CFP)® || Building-@getwizr

[Arun Kumar @ArunKumar____]

The alpha lies in your behaviour.

[Arun Kumar @ArunKumar____]

@StuckByFevicol I'm sure you can fix this problem.

[Arun Kumar @ArunKumar____]

Jasprit Bumrah.....
That's the tweet.

[Arun Kumar @ArunKumar____]

@sivansundar @SugunaDew @getwizr Hey S, you can reach out to us here - https://t.co/8fO2ofw2a0

Thanks for the shoutout @sivansundar :)

[Arun Kumar @ArunKumar____]

@AashishPS Reminds me of my theatre prof in college who said "If everyone wants to act, who'll watch?"

[The Kobeissi Letter @KobeissiLetter]

Current situation:

1. Stocks are up like we're in a bull market

2. Gold is up like we're heading into a recession

3. Oil prices are up like the recession got cancelled

4. Bonds are up like inflation is back below 2%

5. Home prices are up like inflation is still at 10%

Everything is up for the wrong reasons.

[Arun Kumar @ArunKumar____]

Bwahahahahahha

[Royal Challengers Bengaluru @RCBTweets]

No context Maxwell 💪

#PlayBold #AUSvAFG #CWC23 #GlennMaxwell

[Arun Kumar @ArunKumar____]

@sivansundar Rohini theatre le podron, pakron!!

[Shyam Sekhar @shyamsek]

Between impact cost and TER, the greater damage to investors in mutual funds is clearly due to the former.

To a great degree, this impact cost is manufactured and system generated.

Firstly, the narrowing down of two important categories , largecap and mid cap made them unattractive to investors. Here, the ranking based categorisation is a clear reason for narrowing of investing opportunity in both spaces. If we had a marketcap based categorisation, both large and midcap would be broad-based categories. This is what would have truly been in investor interest. For reasons unknown, the broader market remains narrow due to this factor and it does not concern us enough.

Investors are crowding illiquid smallcap space which is an undefined, boundary-less category. This is causing huge impact cost in that space. Investors are mistaking impact cost for performance and pouring more money in this space. This is only making matters worse and setting us up for trouble in the future. The costs of these issues are significantly high. But, we are obsessing over a relatively marginal issue called TER where simple, incremental changes will suffice and serve the investor interests well. We must solve the bigger problem too while we address TER.

The solution is actually very simple.

[Sanjeev Bikhchandani @sbikh]

On the Ashoka WhatsApp group there is a discussion on the convocation speech and what kind of convocation speakers we should look for. Most people are posting videos of commencement speakers from US universities.

I posted the following message

👇

A random thought on convocation speeches.

We want a convocation speech that is slick. One that is delivered by a speaker in polished sophisticated English. With the right accent using the right words.

The convocation speaker in my graduating class at IIMA was V Krishnamurthy. Chairman of SAIL. He said all the right things but guess what - thirty four years out I don’t remember a word of what he said and I don’t think what he said made any difference to the lives of any of my classmates. That speech did not change anyone’s behaviour or influence any of the choices we made in our lives.

However I vividly remember remember the speech made by the chief guest at IIMA in the previous year. Being in the junior batch I was not invited to the event so along with several others from my class I watched the function from the first floor of the building on the side.

The chief guest was Dr Verghese Kurien Chairman NDDB.

He was not polite. He was downright rude. He was condescending. He was sarcastic. He was caustic. He was insulting. He spoke a few home truths to the graduating class. He taunted us.

He opened by congratulating the graduating class. He then said that this is not the Indian Institute of Management. This is the Indian Institute of Management for Shampoo Salesmen. And that the entire graduating class could now look forward to a life where they spend their time selling soap and shampoo. For that is the limit of our aspiration and ambition he said. We just wanted to work for Multinational Corporations peddling their wares to Indian consumers. Such a collosal waste of talent he called it. And throughout his speech he repeatedly used the term “shampoo salesmen” derisively to describe the graduates of IIMA.

He challenged us to do something more meaningful with our lives and try and make a difference.

But then he lamented that his words were going to fall on deaf ears and that we would take the safer option.

Now it requires some guts to go as a chief guest to a function and then make a 30 minute speech berating and insulting your hosts. But that was Dr. Verghese Kurien. In your face. Blunt. Calling a spade a spade.

By the end of it our ears were burning.

But guess which speech we remembered.

And Some of us did do something different.

The class of 1989 has produced the most number of entrepreneurs in the history of IIMA.

Sometimes warm fuzzy convocation speeches don’t make lasting impact.

[Arun Kumar @ArunKumar____]

@SahanaSivaji Use cases with less friction doesn't die so easily. QR's or even NFC cards still have friction

[Sam Altman @sama]

@C_P_Gurnani this is really taken out of context! the question was about competing with us with $10 million, which i really do think is not going to work. but i still said try! however, i think it’s the wrong question.

[Netflix India @NetflixIndia]

Retweet if you’re Batman.

[Arun Kumar @ArunKumar____]

100% agreed.

Similarly, the biggest misconception about personal finance is that we all think we're good at it

[Harish @harish_io]

The biggest misconception a lot of us have about design is that we all think we are good at it.

[Arun Kumar @ArunKumar____]

While the pause may be a pleasant surprise, the highlight for me was when Governor Das quoted Kautilya - "Be not slack before the whole job".

And it reminded me of the Mamba 🙂

[Arun Kumar @ArunKumar____]

Alright, let's goooo.

[Pete @nonmayorpete]

🚨 BREAKING: Microsoft is releasing Copilot for Microsoft 365:

- Word
- Powerpoint
- Excel
- Teams

Here's the summary:

[Arun Kumar @ArunKumar____]

https://t.co/FhNC1qc6l4

[MFDAK @mfdaktweets]

MFDAK Annual convention 2023 - Esteemed Speaker panel @ICICIPruMF @hdfcmf @Iamsamirarora @quantmutual @MD_SundaramMF @ChattyNIMF @jimeetm @AxisMutualFund @AashishPS @NileshShah68 @MFBALA @SBIMF @utimutualfund @HSBCMutualFund @TataMutualFund @mohanty_swarup @ushinair

[MFDAK @mfdaktweets]

Most awaited event of 2023 is here #mfdak #mfdakannualconvention

[Amit Grover @amitgrover2002]

Diffrent forms of wealth.

1) Money - SIP, Asset Allocation
2) Health - Yoga, Trek, Running
3) Experience - Travel, Amazing work
4) Knowledge - Books, Podcast
5) Me time - Movies, Chilling around
6) Relationship - Family,Friends
7) Fun time - Doing TP
8) Values - Doing Good

[Arun Kumar @ArunKumar____]

@atomberg_tech @atplservice @GurukrushnaRath Great service and very quick response. Thank you.