@YourRealAsset @Nithin0dha Risk management is not being conservative or risk averse. It is merely keeping your dominoes balanced far away from each other
It is ridiculous how many things can go wrong when running a business. Everything from rapid change to market sentiment to waking up one day and being unable to access money in the bank, like with SVB.
I think an underrated skill set for running a business is being pessimistic. Consider everything a risk and do everything you can to mitigate it. Every business will be exposed to a black swan event at some point; the idea is to survive those.
The lesson from SVB or Yes Bank in the Indian context is to have funds, especially working capital, distributed across a bunch of banks.
@pranayjain_02 Most of India's business happens offline, in the unorganized sector. The owners of these businesses make substantially more than most salaried people ~20-50 LPA. Only 1% files an ITR. The 99% has a lot of rich people.
@ponnappa Neither does the south asian social norm of letting your parents (who are from a generation that generally does not understand yours) choose, and often initiate the courtship ritual
Celebrating #WomensEqualityDay
by talking about WOMEN IN FINANCE empowering us from supporting families to working in the finance sector as advisors like our #WealthyWomen who shared their experiences while working as Wealth Partners! ✅️
Join us: https://t.co/EBVruJNJQE
@VdKishore @CrackerJackSays @flyvenkat@AryanSaini_01 @malikanshika43 I guess the point here is personal choice. If you're a dependent student, 9 times out of 10 you're sleeping in bcoz of laziness/late night gaming but there are people whose bodies are wired to do better at night
@debarghya_das What are your thoughts on Canada? Does the opportunity of comp growth + standard of living also make it a superior choice to working in India?