Paul Samuelson, “Investing should be dull. It shouldn’t be exciting. Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas."
Rahul Dravid is the only cricketer in the world to hit a hattrick of sixes on T20 debut!
That match was his final T20 international match as well.
Lockdown kids should check their facts before commenting on Legends.
Industries I consider non-investable
There are entire industries that look investable until you study what actually drives them. Some are elegant on the surface but chaotic underneath. Others are just structurally bad, no matter how talented the operators are.
Oil and gas is a classic case. Strong cash flows, asset rich balance sheets, and high dividends draw investors in. But at the end of the day, you’re just along for the ride. You don’t control the price of oil. OPEC, geopolitical shocks, or global demand swings do. You can be right about everything inside the company and still lose money because the barrel drops.
Banks are often seen as safe, even boring. But their entire model hinges on something they don’t control, interest rates. When the yield curve inverts or liquidity dries up, even the best banks suffer. You’re not just betting on management or loan quality. You’re betting on the macro. And that’s a bet I’d rather avoid.
Insurance is arguably worse. Float looks like a gift. The models look precise, AI, etc. But underwriting is an art masquerading as a science. One mispriced risk, one freak event, and a decade of profits evaporate. It’s hard to know if you’re winning because the damage only shows up years later. When it does, it’s too late.
Biotech takes it to another level. This is venture capital dressed as a public equity. You’re betting on FDA approvals, clinical trials, scientific nuance, and luck. And even insiders get it wrong all the time. Retail investors don’t stand a chance.
Retail is pure survival. The customer is fickle. Margins are thin. Loyalty is fleeting. You carry inventory. You discount constantly. You’re at the mercy of foot traffic, weather, and TikTok.
Airlines are capital intensive, labor heavy, and exposed to everything, oil prices, pandemics, weather, interest rates, and even volcanoes.
Telecom is regulated to death. Infrastructure is costly. Competition erodes margins. Customers churn constantly. The business is too big to move fast and too rigid to adapt.
Restaurants combine all the worst traits: perishables, high turnover, unpredictable demand, and intense competition. It’s not a business.
These aren’t bad because the people running them are unskilled. They’re bad because the economic structures make success incredibly difficult, and investing success even harder. You’re exposed to externalities you can’t hedge, trapped in commoditized products, or dependent on cycles you can’t predict.
You don’t need to own everything.
I’d rather own one great business with clear, understandable economics and a moat I can explain, than a dozen fragile companies in industries where survival itself is the win.
🌹
IPL with 10 teams has been played since 2022.
And if we go through the history, the final has always been played between the top two teams at the league stage.
So it's PBKS vs RCB in the finals of the IPL2025?
#IPL2025#IndianPremierLeague#Bangalore#Punjab#viral
IPL with 10 teams has been played since 2022.
And if we go through the history, the final has always been played between the top two teams at the league stage.
So it's PBKS vs RCB in the finals of the IPL2025?
#IPL2025#IndianPremierLeague#Bangalore#Punjab#viral
महाकुंभ में भक्ति और अध्यात्म का अद्भुत संगम!
मकर संक्रांति महापर्व पर महाकुंभ में प्रथम अमृत स्नान में शामिल सभी श्रद्धालुओं का हार्दिक अभिनंदन।
महाकुंभ की कुछ तस्वीरें…
Students having annual family income of upto ₹8 lakh shall be eligible to get 3% interest subvention on education loans upto ₹10 lakh.
Loans upto ₹7.5 lakhs shall be eligible for 75% credit guarantee.
Education loans will be facilitated through a transparent, student-friendly and digital application process that will be common to all banks.
Education loans under PM Vidyalaxmi will be facilitated to students securing admissions in top 860 HEIs of the country based on NIRF. This will cover more than 22 lakh students every year.
Financial assistance to meritorious students is a key recommendation of NEP 2020. PM Vidyalaxmi is one more concrete step towards implementation of NEP.
#PMVidyalaxmi will empower millions of students from the poor and middle class.
Universalising access to 21st century higher education for India’s talented youth is PM Modi’s guarantee.
Hon’ble PM @narendramodi ji’s approval to #PMVidyalaxmi with an outlay of ₹3,600 crore will remove obstacles to higher education and enable our yuva shakti to pursue their dreams. Collateral-free and guarantor-free education loans under PM Vidyalaxmi will maximise access to higher education for meritorious students and ensure that financial constraints do not prevent students from pursuing education.
> *Outcome of this election*
• BJP - we are happy because, again, we are the largest party
• Congress - we are happy because our seats are doubled
• SP - we are happy because our excellent performance in UP
• TDP- We are happy because we are forming state government and we will be the part of central Government
• TMC - We are happy because we stopped BJP in WB
• JDU - we are happy because we will be part of central Government
• And
• Kejriwalji - I am happy because now my sugars are under control.
> Rare election where every one is happy 😃
*All these are at the expense of investors - they too will soon be happy* ✌🏻
The count of people who have shared the All eyes on Rafah story on Insta is 4.5 crore. I wonder how many even know the details. My guess is 4.45 crore shared it to look cool and woke.
Inspired by social media & anything for reach (followers).
Especially, Girls! (No, not you) 😂