Karn Bir Choudhary

The Monopoly Investor

[Karn Bir Choudhary @karnbc89]

@VisheshCC Agreed. Bombay has officially over taken from a quality of air + convenience pov

[Karn Bir Choudhary @karnbc89]

@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!

[Karn Bir Choudhary @karnbc89]

@repentantalloc1 @borrowed_ideas @SudhanshooMaroo Happy to connect on India, if you would like to reach out. Can share some great avenues of going about India.

[Karn Bir Choudhary @karnbc89]

Zirkzee looks like he simply plays right joystick FIFA. Class. @ManUtd @JoshuaZirkzee

[Karn Bir Choudhary @karnbc89]

Congratulations @RMantri! To many more!

[Rajeev Mantri @RMantri]

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 ‘HIND’ 🧬 🔬 🧫

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 world’s foremost public market for the biotech industry.

Vyome will be the first Indian venture-backed biopharma startup to list on Nasdaq 😀 - our ticker will be $HIND 🇮🇳 🇺🇸

🗞️ Press release: https://t.co/Vq8fuWxrHe @VyomeTx

[Karn Bir Choudhary @karnbc89]

@Dutta_Souravd It's a quite a good company actually. The promoter holding is misleading. Do a deep dive. Worth it.

[Karn Bir Choudhary @karnbc89]

FOMO is the biggest danger to one's wealth creation journey. Hope normalcy sets in.

[Karn Bir Choudhary @karnbc89]

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.

[Karn Bir Choudhary @karnbc89]

Wow. Please tell me this is satire! No one in their right mind can write so much BS in a single article!

[Furquan Moharkan @imFmoharkan]

The only banking story you should be following right now. One of the key ratio’s 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 today’s @MorningContext

https://t.co/7sGAY6PA3c

[Karn Bir Choudhary @karnbc89]

Time for earnings' backed, quality to kick back into full gear. Hope Capital party about to run out of steam. Snapping back to reality.

[Karn Bir Choudhary @karnbc89]

Looks super @MJKeventer!

[Mayank Jalan @MJKeventer]

Just returned from an awe-inspiring trip to Kaziranga in Assam with family, and let me share a snippet of paradise! 🐘🍃 #Kaziranga #AssamAdventures
1/7

[Karn Bir Choudhary @karnbc89]

@himantabiswa Say this in @TeamKhabib voice

[Karn Bir Choudhary @karnbc89]

First Tweet. Not a lot has changed since!

[Karn Bir Choudhary @karnbc89]

Replicating the outcome isn't the answer. Replicating the process is.

[Karn Bir Choudhary @karnbc89]

This is how the junk rally will end.

[Karn Bir Choudhary @karnbc89]

@bibek09 @dmuthuk And in 5 years it's at -35.42%. There's only one joke here.

[Karn Bir Choudhary @karnbc89]

QIPs are back! If you know, you know.

[Karn Bir Choudhary @karnbc89]

A society that puts equality ahead of freedom will end up with neither. @TheNotoriousMMA @elonmusk

[Karn Bir Choudhary @karnbc89]

The fact that Turkey is above India on this list goes to show what an absolute waste of feed space this is.

[World of Statistics @stats_feed]

Most economically stable countries:

1. Switzerland 🇨🇭
2. UAE 🇦🇪
3. Canada 🇨🇦
4. Germany 🇩🇪
5. Japan 🇯🇵
6. Sweden 🇸🇪
7. Australia 🇦🇺
8. Netherlands 🇳🇱
9. Norway 🇳🇴
10. Denmark 🇩🇰
11. Saudi Arabia 🇸🇦
12. China 🇨🇳
13. UK 🇬🇧
14. Austria 🇦🇹
15. Finland 🇫🇮
.
17. United States 🇺🇲
18. Singapore 🇸🇬
21. South Korea 🇰🇷
22. Qatar 🇶🇦
23. France 🇫🇷
26. Spain 🇪🇸
27. Italy 🇮🇹
28. Portugal 🇵🇹
29. Israel 🇮🇱
30. Russia 🇷🇺
38. Slovenia 🇸🇮
41. Türkiye 🇹🇷
42. India 🇮🇳
48. South Africa 🇿🇦
49. Egypt 🇪🇬
55. Brazil 🇧🇷
56. Indonesia 🇮🇩
60. Iran 🇮🇷
61. Philippines 🇵🇭
62. Argentina 🇦🇷
64. Mexico 🇲🇽
71. Algeria 🇩🇿
72. Colombia 🇨🇴
74. Kazakhstan 🇰🇿
79. Ghana 🇬🇭
80. Bangladesh 🇧🇩
81. Lebanon 🇱🇧
83. Kenya 🇰🇪
85. Ecuador 🇪🇨
87. Ukraine 🇺🇦

*according to U.S. News and World Report

[Karn Bir Choudhary @karnbc89]

Word. @elonmusk @peterthiel

[Christian Dean @christiandean_]

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.

[Karn Bir Choudhary @karnbc89]

Invest in preparedness, not in prediction - @nntaleb

Couldn't have put it more succinctly!