Telling people at a dinner party in 2026 that you have built a portfolio of 47 Japanese net-nets is the single fastest way ever invented to clear a conversation. You will say the words “Japanese net-nets” and the person across from you will smile in the careful, polite way someone smiles when they have just realized the man they are talking to has a hobby that involves model trains. They will ask what a net-net is. You will start to explain. They will look at their wine glass. You will mention the Tokyo Stock Exchange. They will look at the door. You will say the phrase “trades below the cash on the balance sheet” and they will, with visible relief, see someone they recognize across the room and excuse themselves to go say hello.
You will be left standing alone, next to a cheese plate, in a beautiful house owned by a man who made his money buying an AI ETF in 2023, and you will eat a piece of brie, and you will think, with no bitterness whatsoever, about the 78-year-old president of a forklift-spring manufacturer in Gifu Prefecture whose company you own 0.4% of, and whose factory you have never seen, and whose name you cannot pronounce, and you will be more content, in that moment, than every other person in the room, because you know something they do not, which is that the math is the math, and the math is on your side, and the math does not care whether anyone at the dinner party has ever heard of Gifu Prefecture.
Three years later, the host of the dinner party will be down 70% on his AI ETF. You will be up 240% on the basket. He will not invite you back. You will not notice. You will be busy reading the annual report of a Japanese company that makes a specific type of rubber gasket used in industrial valves, and you will be, in a quiet and unspectacular way, the happiest person in your zip code.
@atulkasbekar@MumbaiFootpaths@MTPHereToHelp Traffic police should not have daily challan targets which creates a perverse incentive. Body cams on cops/dashcams on cars should be mandated. There are enough AI powered tools out there to automate violation detection and penalisation and the corrupt incompetent human element
@atulkasbekar@MumbaiFootpaths@MTPHereToHelp Outsource driving license issuance to a private and presumably more competent/less corrupt entity. All existing licenses should be cancelled within 12 months and new licenses based upon stringent tests should be required. The pass rate for the exam should be lower than IIT JEE
You have no experience.
You’ve never started a company.
You’ve never had a full time job.
Nike is going to kill you.
You’re a kid.
You don’t have technical skills.
You shouldn’t build hardware.
Apple is going to kill you.
You can’t build hardware.
You can’t measure heart rate non-invasively.
Athletes don’t care about recovery.
Under Armour is going to kill you.
It won’t be accurate.
You don’t listen.
You’re an ineffective leader.
You can’t recruit great talent.
You’re going to have to pay every athlete.
You can’t measure sleep non-invasively.
It’s too expensive to research.
Athletes are a small market.
The product costs too much to make.
The product costs too much to sell.
Your valuation is too high.
Consumers aren’t going to want it.
Hardware is too hard.
You should measure steps.
Fitbit is going to kill you.
You can’t build a marketing engine.
You can’t raise enough money.
You need a real CEO.
Google is going to kill you.
You can’t be a subscription.
You can’t build a brand.
You can’t do consumer in Boston.
Your valuation is too high.
You shouldn’t make accessories.
You shouldn’t make apparel.
Lululemon is going to kill you.
You can’t predict Covid.
Stay in your niche.
You are going to run out of money.
You can’t build a health platform.
Amazon is going to kill you.
You can’t measure blood pressure.
You can’t get medical approvals.
The market is too small.
You don’t understand AI.
The market is too competitive.
It won’t work internationally.
The supply chain is too complicated.
You can’t build an AI.
You can’t raise enough money.
It’s too competitive.
Healthcare isn’t going to want it.
…
Just keep going ✌️
Our brain was designed for a tribe of ~150 people - “Dunbar’s Number.” Our world was supposed to be small in terms of our evolutionary makeup. We were never supposed to even know about people fighting each other thousands of miles away from where we live.
@zerodhamarkets The real story is wrt the kind of notices @IncomeTaxParody will send you, despite full compliance and honesty. why don’t you elaborate on those and do us all a favour