Atul Malviya

Financial Markets

[Atul Malviya @atulm77]

Trading biased only till position open . Position close, view change ..rather long or short ..
No offences 😊

[🇮🇳Rohan Kulkarni @rohan8112]

@CMOMaharashtra @MTPHereToHelp @PMOIndia VIP movement shouldn’t mean Public suffering,governance is best measured by the convenience of citizens @RoadsOfMumbai @mumbaitraffic

[George Noble @gnoble79]

I was 26 years old when Peter Lynch handed me this.

April 28, 1983. I was the auto and retail analyst at Fidelity.

Peter was in his prime, on his way to building the greatest mutual fund track record in history:

29.2% annual returns for 13 YEARS STRAIGHT, growing Magellan from $18 million to $14 billion. The Babe Ruth of investing.

I'm looking at the principles he had typed up on a single sheet of paper that I've kept in my files for 42 years and I believe now is the perfect time to revisit them again.

Let me walk you through a few:

Rule 1B: "You need an edge to make money. Do not rely on a combination of hope and good luck."

Today's retail investor has no edge. He has Reddit, Robinhood, zero-DTE options and a TikTok algorithm pushing him into whatever stock just ripped 200% the day before.

That's hope and good luck wearing a fancy costume.

Rule 1E: "Purchase stocks like one would purchase a business."

Tesla trades at over 360 times earnings on a business deteriorating in real time, Oracle has $206 billion in liabilities against $39 billion in equity, MicroStrategy is a leveraged Bitcoin holding company priced like a software firm, and don't even get me started on SpaceX, that piece of garbage you'll be able to trade tomorrow...

Nobody in their right mind would buy these as actual businesses. They buy them as stories, narratives, and lottery tickets.

Peter would have called it the same way I do - these are not investments. They are speculations. GAMBLING.

Rule 1G: "Study the balance sheet and cash flow statement."

The hyperscalers spent over $380 billion on AI capex in 2025. Goldman says the measurable productivity payoff does not arrive until 2027 at the earliest.

Oracle just reported NEGATIVE $23.7 billion in free cash flow for fiscal 2026 while borrowing at a pace that would make a leveraged buyout firm nervous. The cash flow statements are screaming but nobody is reading them.

Rule 1I: "Avoid the long shot."

This one cuts the deepest.

The entire market has become a long shot.

OpenAI is projected to post roughly $74 billion in operating losses in 2028 ALONE while priced for transformation tomorrow. Bitcoin treasury companies are multiplying off thin air.

The retail investor of 2026 is making one long-shot bet after another and calling it a portfolio.

Rule 3A: "When the fundamentals change, sell your mistakes."

Tesla's fundamentals have changed.

California registrations are down 24% year over year and inventory days went from 10 to 27. Musk himself admitted on the last earnings call that Hardware 3 cannot achieve unsupervised FSD, breaking a promise made to 4 million customers.

The fundamentals have screamed change. But the stock is still at $385.

The mistakes are not being sold. They are literally being doubled down on with leverage.

Rule 3I: "A 30-50% profit in 12 months is great. Mediocre in three years."

Today's retail crowd expects 30-50% in a WEEK. Then they wonder why they get wiped out the second the hype stops.

And my favorite - Rule 3J: "Develop your own style and stick to it."

That is the entire game right there.

I developed mine sitting across the hall from Peter Lynch in 1983, watching him work, reading his notes, getting my own research handed back to me covered in his pencil marks. Then in 1984, my first full year managing money, I ran the #1 mutual fund in America. The Fidelity Overseas Fund was top 2 for the next six years running.

I did not get there by chasing narratives. I got there by following the sheet of paper you are looking at right now.

42 years later, this single page contains more wisdom than every Fintwit thread, CNBC segment, and Wall Street price target combined.

Peter retired in 1990 with the greatest mutual fund record in history. Then he sat down and wrote books explaining exactly how he did it.

Only a few "investors" these days read them.

And almost nobody is reading the balance sheets, the cash flow statements, or studying actual businesses today either.

They are chasing AI, crypto, and whatever pumped yesterday.

The wisdom on this page is timeless and it's more important than ever.

[Vivek Mashrani, CFA @MashraniVivek]

It was 4 pm at a plush Wealth Management office in Nariman Point, Mumbai.

Arjun, 40 years old, a high-frequency trader from London, walked in straight from the airport. He was wearing a bespoke suit and carried two iPhones that buzzed incessantly with market alerts. His father, Vishwanath, a retired government clerk, had passed away a week ago.

Arjun looked at his watch. "I have exactly forty minutes. I need to liquidate my father’s portfolio, sign the probate documents, and head back to the airport. I have a major opening on the London Stock Exchange tomorrow."

Vikram, the family’s long-time financial consultant, sat across from him. He had a thick file ready on the desk.

"Arjun, your father was a very disciplined man," Vikram said softly. "He started investing with me thirty years ago."

Arjun tapped his fingers on the mahogany table. "I’m sure he was. But let’s be realistic—he was a clerk. How much could he have saved? Five lakhs? Ten? Just give me the total Net Asset Value (NAV). I’ll sign the papers, and you can wire the money to my UK account. I don’t have time for a presentation."

Vikram didn't open the digital spreadsheet. Instead, he handed Arjun a small, old-fashioned leather diary and a single envelope.

"Your father told me that on the day you come to 'collect' your inheritance, I should give you this first. He said the numbers won't make sense without the words."

Arjun sighed, visibly annoyed, but opened the envelope. The handwriting was shaky, the ink slightly faded.

"Dear Arjun,

I know you are looking at your watch right now. I know you are calculating the 'opportunity cost' of sitting in this office instead of a trading floor.

Son, I watched you grow up. I watched you turn into a man who knows the price of everything but the value of nothing. You always told me, 'Dad, money makes money.' But you forgot that money is also supposed to buy time.

In this folder, you won't find a massive fortune. You will find something else. I have invested in 'Time.'

Every year, instead of buying a bigger car or a luxury watch, I bought 'Freedom.' I have cleared the mortgage on our ancestral home. I have set aside a fund that yields exactly what you earn in a month in London. I did this so that if one day you felt tired—if your heart felt heavy from the race—you could stop.

I didn't invest so you could become richer. I invested so you could afford to be 'Poor' for a while and spend time with your daughter, the way you couldn't spend with me.

The compounding I cared about wasn't just interest. It was the compounding of memories. Please, don't liquidate this. Use the dividends to buy a Sunday afternoon. Use the principal to buy a peaceful sleep.

Your father, who always had enough because he had you."

Arjun stopped tapping the table. The buzzing of his iPhones suddenly felt like noise, not signals.

He looked at the portfolio. It wasn't billions, but it was enough. It was a safety net woven out of thirty years of his father’s sacrifices—small SIPs, avoided luxuries, and quiet discipline.

His father hadn't been building a "Portfolio"; he had been building a "Prison Break" for his son.

The phone in Arjun’s hand vibrated again. A "Sell" alert. Arjun looked at it for a long second, then turned the phone face down.

"Vikram," Arjun’s voice was thick. "I’m not liquidating anything today."

"Are you going to miss your flight?" Vikram asked.

Arjun looked at the old leather diary, where his father had noted down every dividend he ever received, alongside notes like "Arjun’s 10th birthday—bought 10 extra shares today."

"The market will open tomorrow without me," Arjun said, a tear finally hitting the glass of his expensive watch. "But my daughter’s childhood won't wait for a bull market."

The Lesson

In the world of investing, we often obsess over CAGR, Alpha, and Portfolio Diversification. We treat money as a scoreboard to prove we are winning.

But the greatest return on investment (ROI) isn't more money—it is Autonomy. * Real Wealth is the ability to say "No" to a job you hate or a meeting you don't want to attend.

True Legacy isn't leaving behind a pile of cash; it's leaving behind the gift of "Time" for those you love.

Don't just invest to retire. Invest so that your loved ones don't have to sacrifice their soul for a paycheck.

[Atul Malviya @atulm77]

Both are also enjoying the trend #melody

[Giorgia Meloni @GiorgiaMeloni]

Thank you for the gift

[MidnightJoker 🃏 @MidnightJoker_1]

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[Atul Malviya @atulm77]

Now this baniya is doing some outstanding job on current affairs..nailed it 😂

[Mohit Chauhan @mohitlaws]

This is brutal.😭😭

@GauravGcomic

[CA Apurva Luthiya @apurvaluthiya]

*Daily Wisdom*

#dailywisdom #philosophyofthinking #powerfulthoughts #regainlostartofthinking #twinlightconsultants

[kuno @kunoo]

All investors need to watch this

[Rahil Vora @rv_12345]

The Strategic Hook

"India VIX: The 10-Year Study That PROVES Fear Is Your Hidden Return Generator 🚀

#Nifty #MarketTiming"

#Nifty50 #BankNifty #IndiaVIX #VolatilityStrategy #StockMarketIndia #TradingVIX #EducationalContent #DYODD

[IANS @ians_india]

Mumbai, Maharashtra: When asked whether the Strait of Hormuz will remain open for Indian ships and oil tankers amid ongoing tensions, Iran's Consul General in Mumbai, Saeid Reza Mosayeb Motlagh says, "Yes, certainly, that is indeed the case. Iran, acting in good faith—especially toward friendly countries—will keep this path open. However, we must accept that if the conflicts in the Strait of Hormuz do not come to an end, it will itself become part of the battlefield, and naturally, reliable security will not be established there. In other words, it will become a place through which missiles and drones pass, and naturally this will pose dangers to ships and their crews. It is at this point that problems may naturally arise. Nevertheless, from the perspective of the Islamic Republic of Iran, the passage of Indian vessels is always open. India is a friendly country to us, and we share many mutual and bilateral affinities with the people of India"

[Atul Malviya @atulm77]

@piyushchaudhry Straight of Hormuz

[Ashish Nanda @Ashish1Nanda]

Brokerage charges getting morphed with the Futures STT increase. 😳👇

Let’s take an example of buying and selling 5 lots of NIFTY FUTURES in one order:

Nifty lot size: ₹15 Lacs
No of lots traded in 1 order: 5 Lots
Total value of trade: ₹75 Lacs

Brokerage charged by KotakNeo: ₹10X2=₹20
STT: ₹75,00,000 X 0.05% =₹3,750.00

So for 1 lot average brokerage is ₹4/-(Round Trip) while STT is ₹750/-(Round Trip)

That’s 1 : 188

Even if you trade 1 lot in one order, it is 1 : 38 (₹20 v/s ₹750)

In short, Life changes for all Future Traders from tomorrow 1st April, 2026.

[arthi @a_step_a_time]

@Ashish1Nanda what about options?

[Blood Donors India @BloodDonorsIn]

#Mumbai Need O-ve #Blood 2 donors at Wockhardt Hospitals, Mumbai Central.

Call 8369441030

[Abhishek Jain @abhishekcjain]

Spending billions on life of Mars but also spending billions to end life here

[Special Situations 🌐 Research Newsletter (Jay) @SpecialSitsNews]

Dubai real estate