Dharmin Desai

Deep thinker and financial markets trader

[Dharmin Desai @Dharmin710]

@sabeer Indian investors put a record ₹32,297 crore into SIPs in August.
The Nifty is still 14% below its high.The flow is large and steady.
Equity funds have had net inflows for 66 straight months. Motilal Oswal counts about $177 billion of domestic institutional buying over two years.

[Dharmin Desai @Dharmin710]

@sabeer Average length of a bull market is 3+ years (with major structural runs lasting significantly longer)
Typical gain is substantial multi-fold index expansions (often exceeding 100% to 500% over multi-year cycles)

[Dharmin Desai @Dharmin710]

@sabeer India's bear markets last an average of about 7 to 9.6 months, while major bull markets typically span 3 to 5 years or longer. Typical decline of 20% or more from recent market peaks
Frequency is Roughly one significant correction every 3 years in Indian equities.

[Dharmin Desai @Dharmin710]

@sabeer Don't listen to Mr Bhatia. Markets spend far more time growing wealth than destroying it. Why interrupting compounding is the biggest risk of all.

[Dharmin Desai @Dharmin710]

@MasterMaliq Left Red and Green coalition.

[Dharmin Desai @Dharmin710]

@sabeer Mr Bhatia you have difficulty understanding fundamental qualities of investing and economics. Happy to do some Zoom sessions free or charge. How are you managing your money? Must be bad.

[Dharmin Desai @Dharmin710]

@sabeer https://t.co/lLXYXF5XcO

[Dharmin Desai @Dharmin710]

@sabeer The stock market and GDP growth are connected, but they measure different things and often diverge significantly over time. Guruji please read good stuff. Investing and Economics 101 will be a good start.

[Dharmin Desai @Dharmin710]

@sabeer Anyone with a rudimentary knowledge of finance, investing and economics would know that on a yearly basis or quarterly basis stock market performance has zero correlation with GDP growth.

[Dharmin Desai @Dharmin710]

@sabeer If there was inheritance tax in 1996 as per your great suggestion today DFJ would not have had any investors as they all would have spent their savings on consumption. Without their savings and capital your idea would have died. Inheritance tax is the worst form of tax. Period.

[Dharmin Desai @Dharmin710]

@sabeer Money invested into Hotmail was used to accumulate 8million users by 1997. New technology then drove growth. This is how my friend savings are converted into capital. That capital formation would stop if there is inheritance tax as ppl would spend on wasteful things.

[Dharmin Desai @Dharmin710]

@sabeer Let me explain giving your personal example. Hotmail received $300K from Venture Capital firm Draper Fisher Jurvetson(DFJ). VC would have gone to wealthy investors who had saved and not spent on current consumption. That money was invested in capital goods and IP.

[Dharmin Desai @Dharmin710]

@sabeer Buy a copy and read it asap. Wil make you write sensible logical posts on X.

[Dharmin Desai @Dharmin710]

@sabeer Milton Friedman maintained that redistribution schemes ultimately destroy the very engine of wealth creation that benefits everyone.

Please read more of Friedman's writtings will stop you from writing non sense

[Dharmin Desai @Dharmin710]

@sabeer Reduces capital investment: Dissipating wealth starves factories, machinery, and innovations of necessary funding, harming overall societal progress.
• Friedman viewed estate and heavy wealth taxes as a tax on virtue—specifically, living frugally and accumulating capital.

[Dharmin Desai @Dharmin710]

@sabeer Taxing accumulated wealth or inheritances removes the motive to build long-term assets.
• Encourages wasteful spending: People will spend money on luxury and "riotous living" rather than face high confiscatory taxes at death.

[Dharmin Desai @Dharmin710]

@sabeer Parents naturally value their children's future well-being above their own immediate consumption.
• The desire to leave a legacy for children drives people to work, save, and sacrifice.

[Dharmin Desai @Dharmin710]

@sabeer Milton Friedman argued that inheritance and wealth taxes destroy the foundational economic incentive to provide for one's family, shifting productive capital into wasteful consumption
• Society is built on families, not isolated individuals.

[Dharmin Desai @Dharmin710]

@sabeer "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing." Warren Buffet.

I know so many families who pass down good values and wealth both.

[Dharmin Desai @Dharmin710]

@sabeer He is not trying to be nothing. He is celebrating his faith and saying farewell to Ganeshji like 100s of thousands of Mumbaikars. You are trying to be preposterous by focusing on an individual who has nothing to do with you or your life.