Le Grand Fromage 's piece
" BUFFETT'S REAL LESSON IS THE ONE YOU NEVER LEARNT" in Business Standard.
Without timing the market, you can't make significant excess returns. Remaining always fully invested/ always equities, simply doesnt work.
Markets can be timed. Not doing so, reverts Indian equity returns to just ~8-10% in INR.
Adjust for tax (~15%), then volatility (~10%), and you don't even make FD Returns.
That too, after so much jhanjhat.
But folks who know the Inner Game of timing cycles and asset classes, won't do it for aam janata, that too for a measly 1-2%.
They 'd rather do it for themselves for 50%.
I told my therapist,
"I have everything I thought I wanted, but I still don't feel happy."
She didn't give me comfort.
Hearing her, my whole body went still.
Here's what she just replied:
In the recent tragic suicide case, is embedded a very fundamental issue: who should have a position of " superiority" in a marriage: man or woman? I am 100% in favour of women's rights & empowerment because I do believe that a man has more advantages than a woman in life. That said, equality in marriage necessarily is an outcome, fairly/unfairly, of economic superiority: whoever earns more, is more superior. This happens in geopolitics, society at large, and also in marriage. If women demand equal rights in marriage, then the economics also need to be analysed as to who brings in the Bacon. If there is no 'equality' there, then women simply cannot rightfully demand equality at home. In a company the top producing salesmen are Gods. A highly talented accountant will never get paid as much. It is ultimately all about commerce & economics that drive the power structure in this world & that is why women need to start earning as much and more than the husbands if they want equality, otherwise they will always have a subservient relationship to their husbands.
Power is Money & vice versa.
Jo kamata hai, woh hi jatata hai.
Simple as that.
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Michael Phelps is the undefeated king of Olympic medals.
He has 28 medals across 4 Olympics (2004, 2008, 2012, 2016)
- 23 Gold
- 3 Silver
- 2 Bronze
History has never seen anyone like him.
His achievements forced me to study his work ethic & mindset.
Here's what I found:
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As I watched Part A of the Budget, which is mostly about proposed expenditure and schemes, it struck me that it is particularly badly designed for comprehension.
It is well known that humans are bad at understanding large numbers.
The difference between Rs. 26000 crores and 2.6 lakh crores is truly difficult for us to comprehend
The only way to make sense of this would be if the Finance Minister talks about it in the terms
- of how much is the increase over the previous year - say, in infrastructure. Else it is just a large number which sounds impressive but may not even represent an increase
- and/or how this is in percentage of GDP terms. Say, how much was the spending on education and skill development as a percentage of GDP earlier and how much is it proposed to be
As things stand all of this is left for the professionals to analyse which means that most citizens don't really get a sense of it at all.
Except comments like, "Look, they've given lots of money to Bihar and Andhra Pradesh" or some such.
#UnionBudget2024
Long rant, but worth it, please read & share.
A bunch of businessmen, some quite famous, sit around a table discussing the "business of alcohol."
So far so good. Alcohol is good business, a business that leech out others life. It rakes in money for governments through taxation & monopoly; and fattens the bank accounts of those behind the industry (like this round table group) and makes barons out of those who sell well.
But when these businessmen, start glorifying their business of alcohol by equating it to "good healthcare intervention," it goes definitely into the realm of health misinformation, which is why, I have to keep discussing this absolutely garbage myth that "alcohol in moderation is good for you" and the absolute nonsense disclaimer to support that myth, which they call "drink responsibly."
You know, first of all, it is easy for these rich men and women to glorify their alcohol business and discuss their high flying life, because "God" forbid, if they ever land with diseases related to alcohol - from strokes, to cancers to liver disease to mental health disorder - they can afford the best care out there.
I treat alcohol use disorder and related acute liver disease, chronic liver failure and acute-on-chronic liver failure (the most devastating of them all with highest death rate without a timely liver transplantation) on a daily basis. I am not even saying "almost on a daily basis" - it is daily. Every single day from Monday to Friday - both in-patients, as well as out-patients. Patients and families struggle to make ends meet for proper healthcare because alcohol use destroyed their life savings. And by the time they find the funds to get things going, the patient is already on the ventilator and in multiple organ failure. They use the money to bury the dead person - killed by alcohol (normalized by round-table discussions like these) and the rest of the money, go toward the fatherless childrens education. Nice going?
To claim drinking alcohol in moderation is good, is actually a crime. It is a crime towards humanity, it is not in good-faith --> it is in good-faith to run the business yes, because the many people who use it occassionally, move on to frequently, and then get dependent or "routinize" it. These businessmen have nothing to lose - because they have already put up a stupid disclaimer to get away with it - "drink responsibly."
So it becomes the drinkers fault. But then is it really?
Drinking alcohol is a choice. But drinking more alcohol becomes "not" a choice anymore. The first drink takes your brain. It reduces brain volume, gives you a dopamine kick, makes you happy. And then onwards, you are alcohol's slave. The drinks increase. Or a routine sticks. The alcohol controls your life. You have to drink to stay happy. And then the serotonin (the actual happiness hormone, not the pleasuring one like dopamine) cease to work inside your brain and the mental health disorder that follows will swallow you whole. You die. Your family is brioken. There is no money left. If you are lucky and rich like these people sitting around this table doing this nonsense of a podcast, then you may be able to afford a lifesaving organ transplant or healthcare intervention.
There is no safe level of alcohol that is good for human health and every person who claims drinking in moderation is good for you, is actually an idiot, intellectually depleted and without any regard for fellow humans and lack compassion. No amount of alcohol is safe because it is not just a liver poison, it is systemic poison. It gets to every part of your body. Even single to lowest exposure can wreck your DNA and promote cancer formation. There is scientific evidence to this.
✅️https://t.co/FgECqNKK9D
✅https://t.co/CPwq2LP7zK
Any amount of alcohol can increase your chances of getting at least 7 types of dreadful cancers.
➡️https://t.co/luKFzs0o5M & ➡️https://t.co/jOVG84lzMH
It is not just disease causing, but alcohol use is also a societal poison. It drives people into becoming menace to society, takes lives, wrecks havoc in homes and is the real widow-maker.
Have you forgotten these so quickly?
🔴The 17-year-old Pune boy, son of a renowned real-estate developer Vishal Agarwal, spent a whooping Rs 48,000 in just 90 minutes in one of the two pubs he visited on Saturday evening where he consumed alcohol with his friends before ramming his Porsche Taycan into a motorcycle, killing two young techies.
https://t.co/M2OmFRYHBI
and this one?
India’s alcohol deaths are higher than China; per capita consumption is set to rise: WHO
https://t.co/qjLd858WJ8
And please allow me refresh your memory about this patient of mine. Rich business people can sit around a table and discuss the business of alcohol and the "best alcohol" that they savor and falsely glorify and normalize alcohol use among youth, but end-of-the-line physicians like me have to bear the brunt of their intellectually deficient, a humanism lacking stupid conversations.
"The 4th Laddu": Doctor Shares Emotional Post About A Patient Who Touched His Heart
https://t.co/5hR8kC7rcO
Also banning alcohol has NOT led to economies go into shambles. For example a recent study in the Lancet Regional Health showed that "strict alcohol regulation policies may yield significant population level health benefits for frequent drinkers and many victims of intimate partner violence."
https://t.co/xALRqlia6C
In fact, "economic savings and health benefits from reduced alcohol consumption may be substantial—particularly in the health sector with reduced alcohol-related disease and injury."
https://t.co/8fRRIw5b13
So please chuck that idea that "banning/ limiting or reducing alcohol sales" actually desroys economies. In fact it improves it because you get a helathier population. See the Nordic Schema: https://t.co/el3IdVBDEm
“A comprehensive ban on alcohol marketing, enforced at the national and local level, is a best practice for reducing alcohol sales and consumption." - which means, podcasts like these, which glorify alcohol use and market it indirectly must also be burned to the ground and held accountable.
There is no healthy or safe alcohol. There is no best alcohol. Alcohol is ethanol, which is a systemic and societal poison. Do not glorify it. And this why there is no "responsible drinking," because you cannot advice people to "drink poison responsibly."
Podcast discussions like these are helping no one here. Please, do something that actually helps people out here. Do something good for the society, instead of goofing up like this. No one asked for this absolute bonkers of a podcast topic. Irresponsible. The whole team.
For a realistic detailed discussion on alcohol and its effects on the body and why we must avoid it at all costs, please see my deep discussion with Ranveer Allahbadia here: https://t.co/smGfT0y420
And on that final note, I must confess that the title of podcast series (video below) was perfectly named: WTF.