chirag

Learner # Market Psychology

[Subash R @subashr232]

I was fascinated by the idea of migrating abroad when I was in middle school. I had heard so many “wow” stories about the sons and daughters of my father’s colleagues who had gone overseas.

I wrote the SAT way back in 2003. Got multiple admits, including NUS and NTU. Everything was ready for me to migrate.

But I also got admission to CEG, then among the best engineering colleges in Tamil Nadu. And I did the unthinkable. I chose Mechanical Engineering at CEG over NUS/NTU.

Dad went wild!

At the end of my undergraduate years, I had two choices: GRE or CAT. Dad wanted me to take the GRE and leave India at the earliest. I chose CAT. I stayed back.

I eventually started a venture in one of India's most heavily regulated industries.

And the regulators nearly killed my venture thrice. Closing down MSE. Slashing commissions at their whims and fancies. Arbitrarily increasing net-worth requirements and questioning the very viability of my business.

There were moments when I wondered whether staying back had been a mistake. The system certainly gave me enough reasons to feel that way.

Yet, by God's grace, I survived. Seventeen years of running a company in India.

And despite everything, I still love this country. I don't entirely know why.

Perhaps it is the mananimmathi I experience when I travel through her countryside. Perhaps it is the atma tripti her temples give me. Perhaps it is the inexplicable happiness I feel in Malnad, in my Pandya desam, or in my beloved Travancore whenever I set foot on that soil and walk its paths.

Priceless. Absolutely priceless.

Look at where India was in the 1960s and 1970s and where she is today. She has come a long way.

From confiscatory 97% marginal income-tax rates to a much lower peak rate today. From a hopelessly Fabian socialist model to a mixed economy. From waiting endlessly for a Bajaj Chetak to being able to buy a Toyota in minutes. From waiting years for a telephone connection to becoming one of the world's cheapest mobile-data markets. From mud roads to expressways. From extreme poverty — remember Kamal Haasan eating an apple that had fallen into a gutter in Varumayin Niram Sivappu — to Shimla apples being available even in village markets.

India has travelled an extraordinary distance.

Of course, she could have done much better. She could have become another Singapore in terms of civic infrastructure, public services and urban planning. We have squandered decades and opportunities. There is no denying that.

But she remains India.

I take comfort in how far she has travelled despite decades of socialist policies and political mismanagement, rather than spending every waking moment complaining about everything that is wrong with her.

I can criticise India. I can demand better governance, better infrastructure and better public services. I can be frustrated with her bureaucracy and regulations.

But my affection for her runs deeper than my frustrations.

And perhaps that is what people who constantly compare India with the West fail to understand. A country is not merely the quality of its roads, the efficiency of its bureaucracy or the size of its paycheques. There is also a sense of belonging, a civilisational connection and a peace of mind that cannot be measured on a spreadsheet.

I would rather be a small soul in a country I love than spend my life as an indentured servant in a soulless system.

I had my opportunities to leave. I chose to stay.

Seventeen years later, with all the scars, setbacks and struggles, I still feel it was worth it.

She is far from perfect. But she is mine. She will never ditch me. She will not ask for a VISA to accommodate me as she has soul and I am her son.

And that makes all the difference.

[chirag @chirag_888]

Luggage size limits must be strictly enforced in railways, along with restrictions on the number of bags per passenger. @RailMinIndia

[Maj Gen Harsha Kakar @kakar_harsha]

This is the GOC K&K Sub Area in Wayanad, Kerala. He is fully committed to his job & present with the men executing their job. Removed rank badges as they attract unnecessary media attention in such murky situations....... can our politicians learn from them
🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[chirag @chirag_888]

@_devesh_ What you think about management quality in case of Ratnamani & EKC?

[Ashish Kacholia @LuckyInvest_ARK]

All policies should have a para…You shall not receive your claim payout only in the following situations:
1.
2
3…
With their long experience and claims rejection history
Insurance companies know exactly which claims they are going to deny.
Too much to expect customers to know

[chirag @chirag_888]

@abhymurarka Its really war kind of deal as Tata - Mistry battle ongoing and Mr. Ambani started acquiring SWSolar.

At same time Tata power also very aggressive on Renewable energy business.

[Ashish Kacholia @LuckyInvest_ARK]

Had an interesting conversation yesterday with a friend who was selling options to make ‘good’ money until the recent rally wiped out 6 months of earnings and into negative territory.
He remembered my recommendation about Nicholas Taleb’s ‘Fooled by Randomness’

[Kunal Shah @kunalb11]

Those who are trained to do sales early in life, learn a very important life skill: reading the room.

[Prabhakar Kudva @prabhakarkudva]

A small and incomplete guidebook for new investors to navigate fintwit (including my own tweets).

A disclaimer which i am sure all of us "experts" want out there.

A Thread.

[Ravi Dharamshi @ravidharamshi77]

Indian Domestic MF's have done a wonderful job of avoiding obvious corporate governance issue companies . 🙌#avoidingpitfalls #markets

[chirag @chirag_888]

@arvind_kothari FOMO,
without domain knowledge chasing things or career path will create long term problems to people at large

[Harish Shetty : @DrHarish139]

Sharing this interesting article.

https://t.co/kP10hE80Gl
DEPRESSION IS ABSENCE OF DUKKHA

INTERESTING POINT OF VIEW

[Abhishek Murarka 💹🐂 @abhymurarka]

The secret to not losing money in the market is to have a busy day job.

[Vikas Khemani @vikaskhemani]

What an attitude ! Just contextualise with our own in face of our troubles! Any challenge will pale! She teaches “Happiness is an attitude and choice” not an outcome of what’s happening with us. Life is hard to everyone. Embrace and be happy!

[chirag @chirag_888]

@NeilBahal What's your sense on anybody give guidance of 20% or very optimistic in bull market ?

[Ming Zhao @FabiusMercurius]

🪞How Hedge Funds Do Post-Mortems🪞

"Pain+Reflection=Progress" ~Ray Dalio
The post-mortem is the hedge fund PM's leg day: can't skip.

Done right, it's a systematic exercise that mega boosts performance. Yet ppl never explain how to do one.
So @SeifelCapital(CS) & I teamed up
👇

[chirag @chirag_888]

@sidd1307 HIL anyway study or arguments regarding health of workers were also circulating

[chirag @chirag_888]

@suru27 Looking forward to it👍

[kumar saurabh @suru27]

Friends, 1 idea. A webinar series called "Read with me" Where will pick an investment book, go through learnings but interesting part- full of applicable examples from Indian market. If Interested, then, like n retweet. Will execute based on interest. Have 1st book in mind..

[Alok Jain ⚡ @WeekendInvestng]

Go to a hospital for a procedure.

First question is Do you have insurance.

This disclosure at that stage should be declared illegal.