Karan Dugad

Trader

[𝐅𝐈𝐍𝐀𝐍𝐂𝐈𝐀𝐋 𝐒𝐀𝐑𝐓𝐇𝐈𝐒 @financialsarthi]

One of my long-pending bucket list dreams has finally been fulfilled.

We have successfully installed a water cooler for the general public.

Over the last decade, I have been involved in several social initiatives, but this was one project I always wanted to complete. Today, that dream became a reality.

I hope this small step provides relief and comfort to thousands of people in the days ahead.

There is no greater satisfaction than creating something that benefits society.

Many more initiatives to come.

#SocialImpact #CommunityService #GiveBack

[Muthukrishnan Dhandapani @dmuthuk]

Criticise me as much as you want for saying this, but this is the first time the people of Tamil Nadu have genuine hope that corruption can be eliminated from public life.

No one ever had such hope before.

In the last two months, the government has convincingly demonstrated the genuineness of its intention in this regard.

There is no need to blindly believe or give up healthy skepticism.

Opportunities like this do not come often in politics.

As public, we should work with the government to make this mission successful.

[Sriram @SriramMadras]

For the first time in 30 years, I’m hearing a sitting Chief Minister say, “If anyone asks you for a bribe, don’t give. I’ll take care of you.”

That’s a very powerful message, but it needs to be put to the test. To make this work, the DVAC should launch and widely publicize a statewide helpline.

Everyone should have access to a single WhatsApp number where they can easily send video evidence or reports. This needs to become a massive statewide movement.

I love to see if this is actually feasible, and can actually be successfully implemented.

[Karan Dugad @KaranDugad]

@SriramMadras Good to see such honest points pointed out here.

[Karan Dugad @KaranDugad]

@venkiraja @TRBRajaa This government is giving us clean governance.Thats all the more important than anything else now.

[Varsha @VarshaDRaman]

The genuine happiness on the face of this couple because people now are visibly benefitted from the VIJAY’s government is a strong example of the excellence in governance.

May the TN government ft @TVKVijayHQ flourish and let our people rejoice with prosperity.

More power to you @CMOTamilnadu no money can buy these words of appreciation & blessings.

[Piers Morgan @piersmorgan]

Given the situation in the match, the mob of defenders around him, and the technical difficulty involved, that’s one of the best goals an England player has ever scored. Just astounding brilliance from @HKane when it mattered most.

[George 🍿🎥 @georgeviews]

When I went to get a birth certificate for my son in the past, they dragged the process for a whole month.

But now under CM Joseph Vijay sir's government, my friend got their child's certificate in just 3 days! 👏

[Karan Dugad @KaranDugad]

@DrPraveenwrites @sreeramjvc Same feeling is across Tamilnadu.
Nobody expected him to be that good he is.
We are truly blessed to have him.

[JVC Sreeram (Bulls Eye) @sreeramjvc]

Looks like Vijay is getting a good grip on administration. Hope this continues.

[Jaynit @jaynitx]

Bill Ackman literally gave a 44-minute masterclass that explains money better than any business school.

1. Starting early is the single biggest advantage you have. If you save $10,000 at age 22, never add another penny, and earn 10% a year, you have $600,000 by retirement. wait until 32 to start, and the same money only grows to $232,000. The decade you lose at the beginning costs you more than any decade later because compounding does its heaviest lifting at the end.

2. The return rate matters even more than most people grasp. That same $10,000 at 22 earning 10% becomes $600,000. At 15% it becomes over 4 million. At 20%, the rate Warren Buffett has achieved, it becomes 25 million. Einstein called compound interest the most powerful force in the universe. Ackman's lecture is essentially a demonstration of why.

3. Avoiding losses matters as much as chasing returns. if you reach for a 20% return but lose half your money every 12 years from bad decisions or a rough patch, your 25 million collapses to 1.8 million. Buffett's rule one is never lose money. Rule two is never forget rule one. the math of recovery is brutal, so protecting the downside is not caution, it is strategy.

4. Debt is safer, but the upside is capped. Equity is riskier, but the upside is unlimited. In the lemonade stand example, the lender who put up $250 earns a steady 10% and gets paid back first if the business fails. the equity investor who put up $500 earns over 100% if it succeeds but gets wiped out if it fails. The equity holder earns more precisely because they took the risk the lender refused.

5. The risk that matters is permanent loss, not price movement. most people think risk is the stock price bouncing up and down every day. Ackman says ignore that. the real risk is whether you will permanently lose your money. Short-term volatility is noise. the question that matters is whether you get your capital back with a return over the long run.

6. Avoid startups and complicated businesses. You do not need 100% a year to build a fortune. you need 10 to 15% over a long period. so skip the lemonade stands and unknown ventures. Invest in public companies that are established, liquid, and have to clear real hurdles before going public. If you cannot understand how a business makes money, avoid it no matter how good its track record. Ackman cites Enron, a business almost nobody actually understood.

7. Invest in a business you could own forever. if the stock market closed for 10 years, you should not be unhappy holding it. Coca-Cola is his example. easy to understand, sells a syrup and earns a profit on every drink, the population keeps growing, and it is nearly impossible to disrupt with new technology. McDonald's is another. People have to eat, the food is cheap, and they keep growing. find a business you would be comfortable holding through anything.

8. You want products people are loyal to and will pay a premium for. People buy generic flour and sugar without caring about the brand. but they want the Hershey bar, the Cadbury bar, the see's candy specifically. you do not want to sell a commodity that anyone can sell cheaper. You want something unique that customers refuse to substitute even at a 20% discount.

9. Low debt is a safety feature. In the lemonade stand example, $250 of debt was manageable. But if it had been $1,000 and the business hit a rough patch, it could have gone under and wiped out the shareholders. Find companies with little debt or so much profit relative to their interest payments that a bad year cannot sink them.

10. Barriers to entry protect your returns. You want a business that is hard for someone to compete with tomorrow. Coca-Cola's market presence is so strong that you expect to get a Coke at any restaurant. Pepsi has coexisted with it for decades, but neither can put the other out of business. If a competitor can show up next year with a better version and steal the customers, the business is not worth owning long term.

11. The best businesses are immune to outside factors you cannot control. Coca-Cola has survived 120 years through world wars, nuclear weapons, and every kind of crisis, and each year it makes slightly more money. You want companies that do not depend on commodity prices, interest rates, or currency moves. A business that keeps earning regardless of what is happening in the world is the kind you hold forever.

12. Low capital intensity is one of the most underrated qualities. The worst businesses require massive reinvestment to grow. The auto industry has to build enormous factories and buy machine tools before selling a single car, and those tools wear out. GM's stock barely moved over 40 to 50 years for exactly this reason. Coca-Cola, by contrast, sells a formula and collects a royalty. American Express takes a few percent of every dollar spent on its card. a business that earns a royalty on other people's capital is one of the best things you can own.

13. Pay down debt and build a cushion before you invest. If you have high-interest credit card debt, paying it off is a guaranteed return equal to the interest rate. same logic, to a lesser degree, with student loans at 6 or 7%. and you want 6 to 12 months of expenses in the bank so that losing your job tomorrow does not force you to sell. You can only handle market volatility if you do not need the money.

14. Be a buyer when everyone is selling and a seller when everyone is buying. The natural human tendency is the opposite, a lemming-like instinct to sell in a crash and buy in a bubble. people sold into the 1987 crash when they should have been buying. The only way to resist this is to be financially secure enough that the money at risk does not affect your life, so you can withstand the swings without panicking.

15. The stock market is a voting machine in the short term and a weighing machine in the long term. Ben Graham's idea, which Ackman repeats. short-term prices reflect the whims and emotions of investors. long term, prices reflect the actual value of the underlying businesses. If you buy good businesses at reasonable prices and hold them while they grow, you make money over time as long as you are never forced to sell at the wrong moment.

16. A stock is just a bond where you do not know the coupon. Flip a price-to-earnings ratio over, and you get an earnings yield. A stock at 10 times earnings is a 10% earnings yield, which you can compare directly to a 3% treasury. the difference is the bond's coupon is fixed and the stock's coupon, its earnings, moves up and down. Ackman wants an earnings yield higher than a treasury that will also grow over time, so he does not need to be right about explosive growth to earn a good return.

[Muthukrishnan Dhandapani @dmuthuk]

More details are emerging.

An eight member team from Taiwan is visiting Tirunelveli and Thoothukudi (Tuticorin) districts today, led by Delta Electronics.

They are exploring an investment of ₹80,000 crore in the two districts in the areas of electronics, semiconductors, automation, and logistics.

This is expected to create employment for around 40,000 people.

Let's hope for the best.

[Rhevanth Charan @rhevanth95]

“Little else is required to carry a state to prosperity than peace, easy taxes and a tolerable administration of justice.” - Adam Smith.
Corruption destroys all three. It is a hidden tax that drives up prices of housing, education, healthcare and all sustenance tools to unsustainable levels.

Under the leadership of Honourable Chief Minister Thalapathy Vijay, our Government is committed to putting corruption at the centre of public discourse and setting the right direction for Tamil Nadu. We will not only set example for other Indian states but for developing national economies throughout the world to emulate the true Thalapathy model of governance!

@TVKVijayHQ @BussyAnand

[Sridhar Vembu @svembu]

The economic and demographic effects of corruption.

Cost of land in our urban areas is far higher than what our GDP per capita would dictate. The ratio of land value to per capita GDP is probably higher in India than anywhere else. As an example, land prices in Chennai or Bengaluru rival that of cities like New York which has a vastly higher per capita GDP.

The key reason?

First, vast sums of political corruption money is parked in real estate. This raises real estate prices and high real estate prices affect everything downstream.

Second, corruption in building approvals and the like - the famous DTCP - raises construction costs, on top of already higher real estate costs.

Third, corruption in private school regulatory compliance enforcement raises school fees.

Fourth, corruption in private hospital regulatory compliance enforcement raises health care costs.

Fifth, household goods need sales outlets and those pay higher rents due to high real estate prices and construction costs.

So housing, education, healthcare and household goods - all of these now cost higher.

As a direct consequence, the economic burden on the average person gets worse. Young people, facing all these costs, postpone marriage, and postpone children or have fewer children.

That directly affects our demographics.

While this issue exists in many parts of India, Tamil Nadu, being the most urbanized of the bigger states, is particularly hit hard.

So corruption is becoming an existential threat to our society.

If you worry about the super-low birth rate in Tamil Nadu, way below replacement, understand that corruption raising our cost of living is one of the major causes, not the only cause, but a big one in our context.

[குமரி மண் @kumarisoil]

Ending the culture of packaged
tenders, bribes, and #partyfunds" is
what real governance and a true
victory for the peoplelooks like.

#TVK #CMVijay #Anticorruption

[JVC Sreeram (Bulls Eye) @sreeramjvc]

Anyone who takes on DMK’s corrupt practices would be appreciated in Tamil Nadu. In that sense happy with Honourable @CMOTamilnadu

More power to you CM Sir.

[Vignesh @vignesh_1718]

Brick by brick, piece by piece every corruption is coming out.

Thanks @svembu for initiating this. We need more people to come out openly whichever government that could have been so that we can make sure corruption is uprooted.

We have a great opportunity now, there is a new government with minimal baggage as most of them are first time MLAs or Ministers. This is people’s time to come out and keep pressing about this so that we can fully eradicate the sin that we are all living in.

Spinning this that someone is Tharkuri or Sanghi or Kothuadimai will not be good.

We need ALL hands on deck to fight this.

This is our chance, let’s take this new government as an opportunity and unite to grow our state! ✊🏼

[Sridhar Vembu @svembu]

Another CBSE School leader opens up. She did not have my prominence so the suffering inflicted on their school was much more.

I encourage people who silently suffered the disgusting corruption of the DMK era to come out.

We voted them out. Now let us tell the truth.

[Vineetha Govindasamy @VineethaGov]

Leading a CBSE school for close to 10 years has shown me just how painful it can be to deal with the government machinery.

There are days when you come very close to giving up; not because running a school is difficult, but because you're exhausted from constantly having to give. Even greed should have a ceiling. There has to be a point where they should just live & let live.

Every approval (fire, safety, kitchen, hostel, or any other clearance) seems to come with an expectation of money. Every government meeting happening in the proximity of our school, we are not requested but demanded to provide money, school vans, staff, and other resources.

An example: the FIDE Chess Olympiad in Chennai in 2022. We were instructed to provide a couple of our school vans for advertisement. Huge posters featuring our Chief Minister and the Chess Olympiad branding were put up on our SCHOOL vehicles. A month after the event, when we requested that they be removed, we were told either to leave them as they were or remove them at our own expense (which was not cheap).

What disturbed me even more was hearing government officials openly say that corruption has always existed in TN, but under the current government, they no longer have to hide it or fear getting caught. Those words came from their own mouths.

I'm neither for nor against any political party. But when you endure one blow after another for years, it's only natural to feel relieved, and even celebrate, when the wind changes direction & you finally sense the possibility of a fresh breeze.

[Sridhar Vembu @svembu]

The DMK ecosystem is attacking me that the school issue I reported was a lie I concocted to help the TVK government. Let me state the facts.

We run two rural schools, both free NIOS schools under the Kalaivani Kalvi Maiyam umbrella, one in rural Tenkasi and the other in rural Theni.

The Theni school was originally started and run by a retired IPS officer, a honest and upright man. He built very nice facilities but had to shut down his CBSE school because the state government demanded too much money to issue the NOC. He told me that as a honest retired officer he did not have the money to pay and they would not issue the NOC otherwise.

He urged us to take over his trust so we could run our free NIOS school in the premises. That is how we started our NIOS school in Theni.

Unlike in Tenkasi, where I live, the Theni school faced occasional harassment from the DMK government because we did not have a state government registration, so we tried getting state government approval again (this time for the state board) and that of course would also cost money. So it was in a limbo.

Meanwhile in Tenkasi we wanted to build new school facilities (we were operating in make-shift facilities, the ones that came in frequent photos) and we applied for DTCP approval to construct the new buildings. Everyone who knows DTCP in our state knows what kind of corruption happened there under the DMK.

We waited patiently for DTCP approval for the new school buildings but the approval never came as long as the DMK was in power. The approval came automatically once the government changed.

It is this DTCP approval that I posted about in X. I want to once again appreciate the refreshing change.

Not only did the approvals come, government people told us not to pay money to anyone for any approvals. I have to appreciate this in public, having endured what we had endured before.

This is the "lie" that DMK wants to attack me on.

I do not need their certificate on my character.
They can examine their conscience and ask why a technology nerd like me who is mostly immersed in code would post these.

If they think I would back down by their vile personal attacks because I am a Brahmin or TVK Stooge or Sanghi or whatever, I will tell them this: unlike you dynasts I grew up with nothing. I studied in Tamil medium schools. I know how to live on nothing. I have dedicated the remainder of my life to make Bharat self reliant in technology while reviving our rural areas, the soul of our eternal sanatana civilization.

I will not be intimidated by their attacks. I am unafraid of death, why would I be afraid of the mere DMK?

And if they had any conscience they can return the money they looted (they know there they keep it) and then they can attack my character.

I will now go back to optimizing the code of our compiler!