India ranks 2nd in the growth of paddy & wheat globally. Yet every 3rd girl on bumble is asking for food from strangers. Inka khana chura kaun raha hai? ๐ค
@BahlKanan That's a nice perspective! But the inherent assumptions don't make sense. The inflation of 4% CAGR we assumed shows that money has been growing with time, when in fact due to globalisation, the concept of money has been ridiculously volatile
There's something interesting about financial practitioners! On one hand they realize the 'power of compounding', and then there's another hand that says 'long term assets' are realistically non-existent. Long-term doesn't mean 30 years, it's just 8-10 years at the max.
It's difficult to empathize with people sometimes, they comment "CFBR" on LinkedIn posts, while not knowing that "Like" feature was based on increased engagement, the same thing.
@wiseconnector Does the friend know that I won the money? If yes, then if he is my best friend, I'd give him $50 + the best party of his life, if he's just an acquaintance he gets $50k (he might be of use later). And if he doesn't know about my winnings, I give him $1000 and justify my return
"We humans have the largest cortex, followed by bank executives, dolphins, and our cousins the apes"
- Nassim Nicholas Taleb, Black Swan.
I like to think he's fed up with the stringest banking norms, it's a good school of thought nonetheless.
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What made you choose to head the economy when you could have easily fooled the nation?
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