Harsh Verdhan

A nincompoop pretending not to be; penning down my deepest thoughts, some insightful but mostly gibberish.

[Harsh Verdhan @gupta2_v]

@morganhousel 1. People believe what they want to believe, no matter what the truth is.

2. Customers don't know what they want. They know what they don't want.

3. Nothing is as bad or as good as we think it is. It's all hyperbole.

[Harsh Verdhan @gupta2_v]

@smitaprakash Ok aunty 😏

[Harsh Verdhan @gupta2_v]

@Swiggy it pains me to say but i am going to be deleting the app today @Swiggy no wonder you are loss making, and you will never grow. selling my shares in your company. you deserve to shutdown. Moving to zomato. @SwiggyCares

[Harsh Verdhan @gupta2_v]

Is everyone seeing a severe drop in @Swiggy delivery services? Been a loyal customer for 10 years, bought Swiggy One sub on day 1. But over the last few months, the quality has been shit. Every order takes more than 1 hour, whereas Zomato does in 20 minutes max & no chat support

[Samvada World @SamvadaWorld]

Zombie Multilateralism: Why the United Nations Must Change or Fade Away

By Abhishek Kumar Singh (@_sheksaab_ )

The UN’s inability to address the prevalent issues shows that it is no longer a “universal” body but a bystander to this new era.

Simply put, the UN of today cannot and should not be represented by the UNSC of yesterday.

A single veto-wielding power can stop international response dead in its tracks and totally frustrate the will of the overwhelming majority of the international community.

The idea that the UN still moves and talks, but has no soul or actual life-force left is akin to Zombie Multilateralism.

Read more: https://t.co/NYi9srPYa9

#UnitedNations #ZombieMultilateralism

[Sandeep Jethwani @sandeepjethwani]

If the 40 crore retirement number I shared shocked you, this post is for you.

Here is what I said. If you are 40 today, spending 2 lakh rupees a month, with no EMIs to service, and you want to retire at 60, you will need 40 crore rupees.

The comments had a lot of pushback. The number feels impossible. It is not. Let me show you why.

Two assumptions drive this number. Inflation and life expectancy. Both are higher than what regular retirement calculators assume. Both are right.

Start with inflation. Retail CPI in India is 5 to 6%. That is the inflation of atta, dal, and bus fare. It is not the inflation of an affluent household.

Private healthcare in India runs at 12 to 14% every year. Domestic staff wages in metros are growing at 10 to 12%. Premium school fees, international travel, club memberships. All of these inflate between 8 and 10%. Blend them and you get 9%. That is the real inflation rate of an HNI lifestyle.

Now life expectancy. Most Indians plan their retirement assuming they will live to 75 or 80. That is what national averages suggest. But national averages are pulled down by infant mortality and rural data. They have nothing to do with how long a healthy, affluent Indian actually lives. For a couple aged 65 today, there is a 71% probability that one partner reaches 85. A 44% probability that one reaches 90.

Now the math.

2 lakh rupees a month at 9% inflation becomes 11 lakh 20 thousand rupees a month at age 60. That is an annual spend of 1.34 crore.

Plan for 30 years of retirement. Your retirement portfolio which is focused on capital preservation (60% fixed income: 40% equity) earns 9%. Your Inflation is also 9%. Your real return is zero.

So corpus needed equals 30 multiplied by 1.34 crore. That is 40 crore.

Here is the good news. This number is not as far away as it looks. At 12% returns before retirement, 40 crore at age 60 translates to roughly 4 crore today for a 40 year old.

The point of this message is not to scare you. It is to make sure you understand the silent erosion of purchasing power that inflation causes.

[Harsh Verdhan @gupta2_v]

Please note

[Harsh Verdhan @gupta2_v]

@satishacharya 😀

[Harsh Verdhan @gupta2_v]

@BhavikaKapoor5 .

[Harsh Verdhan @gupta2_v]

@SwiggyCares @rohitisb @harshamjty I want to bring this to your attention. 10 years of loyalty is being thrown away one bad experience a day. Your bot-led customer experience team has deteriorated my support for your business considerably. Will have to move to Zomato any my only option.

[Harsh Verdhan @gupta2_v]

@SwiggyCares @Swiggy
Horrible customer service, my order was cancelled by your customer representative after your delivery boy refused to deliver the order to me and refused to initiate a refund. No response to your chat or support. Made a mistake buying your subscription.

[Harsh Verdhan @gupta2_v]

@SwiggyCares @wakeupgrahak keeps on replying the same bot message, "are you online" to any query. What a joke Swiggy has become its a shame

[Harsh Verdhan @gupta2_v]

@SwiggyCares Are you a bot? For a few minutes, your customer chat support has not been responsive for 30 mins now, no update, not even acknowledging. I recommend that everyone not buy your SwiggyOne membership. You make tall claims, but seems all seem fake. @wakeupgrahak

[Harsh Verdhan @gupta2_v]

Argue that

[Nic Cruz Patane @niccruzpatane]

This is the greatest argument I’ve heard for why electric vehicles are better than gasoline-powered cars.

[Harsh Verdhan @gupta2_v]

@jeremykauffman Just in case

[Harsh Verdhan @gupta2_v]

@jeremykauffman False.

[Harsh Verdhan @gupta2_v]

@sad5ky Illaichi dana

[Harsh Verdhan @gupta2_v]

@AnkahiChahat @dhruv_rathee Google maps

[Harsh Verdhan @gupta2_v]

Is it me or does the EPFO website does not work? How is anyone checking their balance? Should I consider that money lost?
#help #EPFO #

[Harsh Verdhan @gupta2_v]

@AdyaDadhich @BangaloreRoomi @FlatsnFlatmates @FindFlatmate @flatshareblr Hi DMed you. Please check

[Harsh Verdhan @gupta2_v]

@tushar15 Kitna paisa mila tereko ANI se, i hope its in lakhs nai toh kaafi saste me bika