Ankit Patel

[Ankit Patel @Ankit4Sbi]

@Prakashplutus @GarmentsTriumph To bakchodi karne ka kya matlab gandu...😆

[Ankit Patel @Ankit4Sbi]

@rjrmvenkatesh @iamdvarun Jis din FNO mein aayega na..Uski vaat lag jaegi..😆

[Ankit Patel @Ankit4Sbi]

@ola_supports

[Ankit Patel @Ankit4Sbi]

@OlaElectric @bhash

This has been one of the most shocking service experiences I've ever had.

I booked a service complaint and handed over my vehicle to an Ola Hyper Service Centre. For nearly an hour, the vehicle sat untouched while staff chatted amongst themselves.#Hypercare

[Ankit Patel @Ankit4Sbi]

A listed company owes its customers better than this.

#OlaElectric #OlaService #CustomerExperience #ConsumerRights #EVIndia #BhavishAgarwal #Hypercare

[Ankit Patel @Ankit4Sbi]

@GauravAror37297 @trigguuuu

[Ankit Patel @Ankit4Sbi]

@ThetaVegaCap 23rd March 2020 - 7500
23rd March 2026 - 22500

Nifty is up 200%... Very veryyyyy overbought..🙂🙂🙂

[Ankit Patel @Ankit4Sbi]

@InvestorOfJAMMU Kal subah tak aa jaega..Gandu..

[Sharad Shah @arabicatrader]

Waiting for 12000

[Ankit Patel @Ankit4Sbi]

@arabicatrader 21000 by month end..😜

[Ankit Patel @Ankit4Sbi]

@BandiShreyas The OG

[Ankit Patel @Ankit4Sbi]

@safiranand Like a wise man once said.. Fund managers are the bastards of the biggest order...🙂

[Shankar Sharma @1shankarsharma]

Ajeya Sharma tweeted that he's not seem such despondency among Founders, HNIs, Family Offices etc.
That's not surprising. Let's go one by one:
A. Founders: you largely ran domestic focused " appified businesses that our idiot retail ( and MFs) paid 15x global multiples for. So you started to believe your own press. Now your valuations will normalize which will mean falling between 50 to 90% over the next few years. Basically, what happened in the dotcom bust ( and no, this time is not very different), when companies became, what I termed " Reverse Compounders" ie, stocks that fall 50% from each level. Like the half life of radioactive material. Your stock valuations were radioactive and they will go the same way.

B) Family Offices: you guys sold your chemical factory or biscuit company or something to some private equity fund or dumb retail investors ( need I mention " dumb" each time or it's understood?).
Now suddenly you started ( or your US returned son) fancying yourself as great investors. Instead of correctly viewing your exit as a lot of hard work and the idiocy of Indian retail/ PEs.
You then went and hired a team of analysts (eye roll) and horror of horrors, something called a CIO ( major eye roll). The CIO usually was a 3rd grade analyst from a MF or an RM from a Private Bank. None can fart and chew gum at the same time insofar as markets are concerned. Definitely not the RMs.
So based on this crack team, you went and allocated massive amounts of capital to meaningless products like PMSs etc,run by even more Meaningless Managers who flashed chappals and sang hosannas about the undiscovered" moats" of 30 year old cos like HDFC Bank, Asian Paints etc.

And then, you bought startups because they made you shed your chemically smelling lineage.

We know how all that worked out.

Fact is: Markets are every bit as tough as any other business, but they seem bloody easy on Indian Financial TV.

HNIs: I am too tired to write about them because they are usually from real estate and gutka sectors, and I don't want to make them feel worse than they feel about themselves already.

They are under -educated, and markets find out rookies within 5 years. Always.

The Market will take away every last coin fools minted in a bull market. And then some more. Mark my words. That's the natural order of markets.

Truth is: Markets are a perfect device for making the vast majority poor so that the tiny minority can get rich.

Remember where you read this first.

Ciao!!