@TheMasters@PGATOUR Nikolai just started Par, Birdie. App is going bonkers with a Bogey, Double start! Going to give his family and friends a heart attack! Fix this!
I am thrilled to announce that our investee company Vyome Therapeutics will be going public, listing on the @Nasdaq Capital Market under the ticker symbol โHINDโ ๐งฌ ๐ฌ ๐งซ
Vyome Therapeutics was founded in 2010, with @navamcapital as the sole seed investor. We have backed the venture from inception through growth stages.
Vyome has traversed a journey from a startup research laboratory in Patparganj, Delhi to @NasdaqExchange, the worldโs foremost public market for the biotech industry.
Vyome will be the first Indian venture-backed biopharma startup to list on Nasdaq ๐ - our ticker will be $HIND ๐ฎ๐ณ ๐บ๐ธ
๐๏ธ Press release: https://t.co/Vq8fuWxrHe @VyomeTx
Revenue growth with lower margins to crush any competitive green shoots. Pessimistic quarterly updates + con calls. Music to my ears. Important to survive to thrive.
The only banking story you should be following right now. One of the key ratioโs at HDFC Bank is as bad as it was for Yes Bank before the collapse. The worse? There seems to be lack of exit plan from the situation. Details in todayโs @MorningContext
https://t.co/7sGAY6PA3c
Just returned from an awe-inspiring trip to Kaziranga in Assam with family, and let me share a snippet of paradise! ๐๐ #Kaziranga#AssamAdventures
1/7
In the Elon Musk biography, Isaacson tells of a poker game where Musk went all-in every time until he won.
It's an analogy for how Musk - in Peter Thiel's words - "understands something about risk that everybody else doesn't", and how he's able to create companies that seemed impossible to everyone else.
I think the thing that Musk understands about risk that everybody else doesn't is what David Deutsch calls The Principal of Optimism.
P.O.O: Anything which is not prohibited by the laws of physics is possible given sufficient knowledge.
Musk has often referred to the laws of physics being the only constraint, like here:
https://t.co/nOcUA1swhf
Why is this interesting?
Personally, I think the Principal of Optimism is one of the most significant discoveries in Philosophy made this century.
Anytime you face a difficult problem, you can ask:
"Do the laws of physics say solving this problem is impossible?"
If the answer is no, then you know that there's only one thing in between you and the solution: knowledge.
And thanks to Karl Popper in the 20th century, we know the only way to create knowledge is through trial and error.
Conjecture and refutation.
Guess and check, and guess again.
You see this philosophy in action at SpaceX.
They got through 3 or 4 rockets before landing their first Falcon in 2015.
Trial and error.
And we all watched recently as they launched and blew up the biggest rocket to ever leave the Earth, yet calling it a "success" for simply detaching Starship from the booster.
Guess and check, and guess again.
And so in this way, even the most seemingly outlandish problems like landing (or catching) rockets falling from space become tractable issues to be solved by a small dedicated team.
While all the greatest entrepreneurs are singular individuals, on a deeper level, they all share a common trait: they don't take anyone's word for it. The only constraint they impose on themselves is that imposed on them by the laws of physics.
They're all guided by the same principal.
The Principal of Optimism.