Saravananlingamurthy

[Harsh Goenka @hvgoenka]

Just watch Sundar Pichai’s conduct when Trump speaks. He lowers his gaze, listening with respect. Then he folds his hands in a namaste-like gesture. However powerful the position, some values of grace, humility and respect remain deeply Indian.

[Prof. Feynman @ProfFeynman]

You're under no obligation to remain the same person you were a year ago, a month ago, or even a day ago. You are here to create yourself, continuously.

[Saravananlingamurthy @elpsaravanan]

RT @tweetKishorec: Coimbatore is scaling — Industry, Capital and Entrepreneurship are reshaping the City.

In the middle of this evolving c…

[Ursula von der Leyen @vonderleyen]

« The mother of all trade deals »

We are closing in on the 🇪🇺🇮🇳 Free Trade Agreement.

See you soon in Delhi.

[Abhijit Iyer-Mitra @Iyervval]

Sorry but this isn’t an “apology”
You
• knew that winters are prone to delays
• knew you had a pilot shortage
• had 18 months to rectify
• you still sold tickets
• you still overbooked for available capacity

There have to be CONSEQUENCES. This was EXTORTION.

[Saravananlingamurthy @elpsaravanan]

@NileshShah68 Sir, isn't the same with India too ?

[Matt Allen @investmattallen]

Aswath Damodaran gives an INCREDIBLE masterclass on valuing stocks

Must watch:

[Charlie Munger Fans @CharlieMunger00]

MUST READ 🙏

Remembering my teacher Charlie Munger - By Li Lu

Thursday, November 30, 2023

I was on a business trip in Asia on Tuesday when I got the call from the Munger family informing me that Charlie was in his final hours. I hopped onto the next flight I could find to California, and before departure, was able to talk to Charlie through the help of his daughter. Charlie had largely lost consciousness, but still I could clearly hear him trying to make a sound to acknowledge he had heard me. Upon landing, I learned that Charlie had left us a few hours earlier.

I arrived at his Santa Barbara home and had the opportunity to spend cherished time with family members, reminiscing about all things Charlie. Charlie was engaging, humorous and full of wit even at Thanksgiving dinner just a few days ago, family members told me. I visited his home library again. In that very room, exactly 20 years ago, also on a post-Thanksgiving weekend afternoon, following the introduction by our mutual friend Ron Olson, Charlie and I first struck up a deep conversation which ran for several hours. It began an investment partnership that has now endured two decades. Charlie became my mentor, partner, dear friend and above all, life-long role model.

I was so deeply grateful that the Munger family made a special arrangement the next day for me to say a proper and private goodbye to Charlie.

There, lying quietly with eyes closed, Charlie looked the same as ever, peaceful and sincere with a subtle smile on his face. There was a serenity about him. For a moment, I was reminded of the Living Buddhas I once saw in the Buddhist temples of Thailand. In the Buddhist tradition, the bodies of truly enlightened monks, through life-long self-cultivation, can remain incorrupt, without any traces of mummification after death. In that moment, it is what I saw in Charlie, an enlightened sage with an incorruptible body, surrounded by a glimmer of eternal light.

Charlie was not a Buddhist. That vision can never be tested. But it is incontrovertible that his legacy and impact will live on for generations to come.

In our capitalist society, where do virtue, moral responsibility, truth-seeking and public service fit in? Charlie Munger answered these questions through his long exemplary life. He insisted on making money in the most morally sound way, entering transactions only when, if positions were reversed, he would comfortably take the other side. He sought worldly wisdom through life-long learning. He guided life with rationality devoid of mental deficiencies such as envy, resentment and self-pity. He faced and persevered through countless adversities with stoicism and equanimity. As he gained in wealth and stature, he showed little appetite for the trappings of that success, and instead spent his wealth on worthy causes and tirelessly spread his worldly wisdom to those who would listen, often with humor. He remained deeply engaged with family, friends, partners and the broader world with loving assiduousness through his last days.

In his later decades, Charlie Munger’s ideas began to spread across the world, particularly in the most populous countries of China and India. In China, the Mandarin language version of “Poor Charlie’s Almanack,” an anthology by and about Charlie Munger, sold over 1.2 million copies over the last 10 years. There, the educated class increasingly came to view Charlie as the embodiment of the modern-day Confucianism, maintaining a virtuous and enlightened life while embracing the market forces of capitalism. In time, that vision of modern Confucianism will be crucial for Chinese modernization and how China interacts with the rest of the world.

Charlie’s teachings will continue to spread, inspire and impact the world even more profoundly. That will be his eternal legacy.

Please retweet

[Ray Dalio @RayDalio]

I mourn Charlie Munger who is a man I admired greatly for his sound fundamental principles as well has his investment abilities.  We have lost a great man and a great role model.

[Shaktikanta Das @DasShaktikanta]

Where there is will and determination, there is light at the end of the tunnel. The agencies involved in the rescue operations, the rat miners and the 41 workers stuck in the tunnel have demonstrated it once again.Many congratulations.

[Compounding Quality @QCompounding]

Charlie Munger just passed away.

He turned 99 years old.

Here are 99 life and investing lessons as a tribute to Charlie:

[Nithin Kamath @Nithin0dha]

After a long time, we have had massive activity in the IPO market, with Rs 2.6lk cr blocked in bank accounts for IPOs worth Rs 7.6k cr.

If this was 2003, it would take 16 working days (or ~1 month), and the entire money would have moved to investment bankers and cost investors (an interest forego) at least 0.5% (assuming 6% pa) or Rs 1300 crores.

T+16 became T+12, T+6, and from Sep 2023 it is T+3 (~1week). Now, the money never leaves the bank account until allotment. While institutional investors might miss out on interest income with money blocked in current bank accounts which don't yield any interest for those 3 days, retail investors continue to earn the interest from their savings accounts during the IPO process.

In almost every aspect, capital market regulations in India have improved phenomenally over the last 20 years, especially in the last five years.

Image: @EconomicTimes

[Ian Cassel @iancassel]

It’s easy to dwell on what’s going wrong with your life. We all have disappointments, some more than others, but the key is to invert and be thankful for what is going right. Opportunity always presents itself to a grateful heart. I hope all of you have a great thanksgiving.

[anand mahindra @anandmahindra]

Field Marshal S.H.F.J.Manekshaw. Sam बहादुर। India’s greatest soldier. I had the privilege of meeting him a couple of times in the late nineties and he told me about the need to build better & better SUVs for the Armed Forces. How I wish he were alive so I could personally take him for a drive in the Scorpio-N.

[M Ponnuswami @MPonnuswami]

⁦⁦⁦⁦⁦@chennaicorp⁩ sanitary worker, happily works, he is the first to break birth and death in our street , 3 daughters got married all settled , his prayer is his son works as mechanic get married to good girl, being happy and positive is always good in life

[Nilesh Shah @NileshShah68]

What a fantastic gesture.

May your tribe increase many fold

Raamdeo Agrawal, Motilal Oswal to donate 10% equity worth Rs 1,200 crore to charity.

https://t.co/DACIQShohi?

[Saravananlingamurthy @elpsaravanan]

@VijayKedia1 @CNBCTV18News @_prashantnair Very good advise sir

[Ray Dalio @RayDalio]

In nature, cleansing storms are big infrequent events that clear out all the overgrowth that's accumulated during good times. Forests need these storms to be healthy—without them, there would be more weak trees and a buildup of overgrowth that stifles other growth. The same is true for companies. Bad times that force cutbacks so only the strongest and most essential employees (or companies) survive are inevitable and can be great, even though they seem terrible at the time. #principleoftheday

[Vijay Kedia @VijayKedia1]

Maleesha Kharwa, a 14-year-old girl who hails from Mumbai's Dharavi Slum, has become the face of luxury beauty brand Forest Essentials' new campaign 'The Yuvati Collection'.
You never know what you can become. Never lose hope.

[Saravananlingamurthy @elpsaravanan]

@VijayKedia1 Hats off to you Sir