Karthik

Fintech | Digital Lending | India | UAE

[Matt Van Swol @mattvanswol]

In 1988 Dolly Parton pulled every 7th and 8th grader in Sevier County into a room and told them to pick a buddy.

She made them sign a contract.. if BOTH graduate, she hands you both $500. One fails, nobody gets paid.

The county dropout rate went from 35% to 6%.

She handed out the checks herself.

In 1989 she offered $500 to every kid in the county who wanted to go to the local college.

When Gatlinburg burned in 2016, she sent 900 families $1,000 a month for six months.

You've probably heard that part.

Here's the part you haven't:

The fund raised more than expected, so she showed up in May and handed every one of those families another $5,000 on top.

Then she quietly put $3 million into the recovery group that handles the years after the news trucks leave.

She built her county an entire hospital.

She played a benefit concert in 2007, Dollywood and the Stampede matched it, and LeConte Medical Center opened in 2010 with a birthing unit and a women's center in it.

In 2022 she started covering 100% of tuition, books, and fees for Dollywood employees.

Full-time, part-time, AND seasonal.

In 1991 she paid for a bald eagle sanctuary because the birds couldn't be released back into the wild, no press release.

And when Hurricane Helene came through here in Western North Carolina, she wrote a personal check for $1 million and her companies matched it.

She didn't owe North Carolina anything, but she helped us anyway.

She started the Imagination Library because her daddy couldn't read or write. Before he passed, he told her it was the most important thing she ever did.

Rest in Peace, Dolly 🇺🇸

[Simon Hintermann @Aurumek_]

Today is my birthday (turning 30), which is the only time each year when I ask you for a repost if you like my art.
Have a good day! 🦦🌿✨️
- Simon

[Vaidehi Murthy @ButVai]

Dear GenZ,

Respectfully...

DAMN.

- A Millennial.

[PenPencilDraw @penpencildraw]

Empty-quote generator.

[Shruti Rajagopalan @srajagopalan]

📢Thirty-five years ago, on July 24, 1991, in his Budget speech, Dr. Manmohan Singh quoted Victor Hugo, “No power on earth can stop an idea whose time has come.” The idea was economic freedom for Indians. It meant dismantling the License-Permit-Raj, allowing market prices, free trade, and pursuing rapid economic growth in a country plagued by poverty and self-imposed shortages. 🧵1/n

[Karthik @karthiksekar87]

@nbaschez Yes please

[Mike Sowden @Mikeachim]

Ever wondered why North is at the top of our maps?

If you're assuming there are logical, scientific, Nature-driven reasons for it - yeah, me too.

In fact, they're often whimsical, arbitrary or just plain ridiculous.

Hold onto your hat. This may turn your world upside-down.

1/

[TheLiverDoc™ @theliverdoc]

STAY WITH ME.

A few years ago, a patient was referred to me because he was diagnosed with complicated cirrhosis. He had an infection which led to a condition called hepatic encephalopathy (brain failure due to high ammonia levels). The treatment largely involved ammonia reducing therapies. One drug was central to this - Rifaximin - a non-absorbable antibiotic that reduced ammonia in the body. I prescribed him Rifaximin for 6 weeks and advised him follow-up.

He came back to me, not after six weeks, but in 4 weeks, this time, in liver coma (worst stage of brain failure - due to very high ammonia). He spent two days in the ICU and six days in total in the hospital. His hospital bill was close to INR 80,000. He had no insurance and his wife borrowed the money from neighbors and friends to clear hospital dues.

Upon questioning, I found that he was not taking the Rifaximin drug I had prescribed. He was only on the other two drugs (one, a syrup called lactulose for improving ammonia clearance in gut). I was furious, because the patient spent a whole week unecessarily in the ICU and wasted so much money that he never had - just because he was "not compliant" to my orders. I decided it was time for me to school him a bit.

But I was wrong. He was compliant. He had purchased Rifaximin and was on it. For 15 days. Thereafter, he could not afford it. He was an autorickshaw driver who shuttled school children every morning and evening. He could hardly make ends meet. He had two children of his own. The Rifaximin brand I prescribed him was 42 rupees per tablet. He had to consume two a day - which would mean 2520 rupees a month. He just did not have that money - so he skipped it - to not compromise on other important matters - childrens education and food.

He was confused and scared about opting for a cheaper version of Rifaximin because one, he was unsure about the quality of Rifaximin that was not prescribed by me and two, he was "scared" that I would scold him for buying a cheaper Rifaximin and if that got him into trouble.

I was confused and scared about prescribing a cheaper version of Rifaximin because one, I was unsure about the quality of Rifaximin that was not "a good promoted brand" and two, I was "scared" that his family would scold me for prescribing a cheaper Rifaximin and if that got him into trouble.

It is heartbreaking that many doctors still simply don’t trust generic medicines. Too often, they worry that these cheaper options are lower quality or might cause more problems than the big, famous brands. This fear leads them to prescribe expensive drugs instead, and the real tragedy is that it pushes vital healthcare out of reach for the ordinary people who need it most - like my patient.

This narrative, that generic drugs 'are never good' and that only big pharmaceutical marketed drugs are what works has been deeply ingrained into doctors and patients alike - I do not know by whom and since when. Looking back, these strong emotions were based on either opinions, testimonials or second- and third-hand information. Not evidence.

Like I said. Stay with me. This is life changing and will disrupt the drug market in India. Here are the results of The Citizens Generic vs. Brand Drugs Quality Project.
1/11

[Jared Kubin @JaredKubin]

Everyone's sharing that "Long Degeneracy" article and nominating it for article of the year with 20m views. I just got around to reading it…overall, I get it. It's well written, emotionally resonant, and captures something real about generational anxiety. I like the author, I subscribe to their stuff… talented Quant.

But nobody's pushing back, so let me while I watch my kids at the pool.

My main pushback is this: the article is a suicide note dressed up as investment advice. I REFUSE to hand my agency to "the house." The moment you accept "the game is rigged so I might as well gamble," you've surrendered. You've quit on the process that actually works because someone convinced you it doesn't. There are no easy buttons. No shortcuts. No magic money options. There is only learning, sacrifice, and continual grit.

It tells a generation they're prisoners. Then it sells them a lottery ticket and calls it freedom. Then it tells YOU to invest in the prison.

That's not analysis. That's despair with a ticker symbol.

The author spends 2000 words empathizing with young people as "prisoners" trapped by a broken economy… then tells you to invest in the platforms extracting fees from their desperation. "Long Coinbase, long DraftKings, long the casinos."

Read that again. The thesis is: a generation is so economically desperate they're turning to gambling, most will lose, and YOU should profit by owning the house.

You can't weep for the prisoners and then sell shares in the prison. Pick one.

4 points I want to make....

Pushback 1: "Closed" is doing a lot of work
The claim that traditional wealth building is "closed, not difficult" is asserted, not proven. The boomer vs millennial wealth stat is misleading… it compares 65 year olds to 35 year olds. Of course boomers hold more wealth. They've been alive longer.

Housing is brutal in coastal cities. But median home prices in most US metros are still accessible to dual income households. "Wages up 8% while housing doubled" has no timeframe and cherry picks the comparison. Real wages post 2020 have actually grown.

Is it harder than it was? Yes. Is the game "fundamentally broken"? That's a much bigger claim requiring a much longer discussion.

Pushback 2: Negative EV doesn't become rational just because you feel stuck

The core logical move is: "if you're trapped anyway, a 5% chance of escape beats 100% certainty of stagnation."
But gambling doesn't leave you "still stuck." It makes most participants actively worse off. That 5% moonshot comes paired with a 95% chance of losing your savings, your rent money, your runway.

The author admits "most people lose" then hand waves it because gamblers "understand the odds." But understanding bad odds while taking them isn't rationality. It's emotional capitulation wearing economic language as a costume.
This isn't a generation finding a path out. It's a wealth transfer mechanism moving money FROM desperate young people TO platform operators.

Pushback 3: The article accidentally reveals the real problem

The author admits social media has "repositioned the zeroth line" so people earning $150k feel poor. Admits the algorithm ensures "you never feel like you've arrived." Admits basic needs are met and there's "cognitive bandwidth" for existential questions.

But wait. If the problem is FEELING trapped due to infinite upward comparison rather than BEING trapped… gambling doesn't fix that. You could 10x your net worth and the algorithm will still show you someone richer.

The "Maslow trap" section accidentally confesses: this generation isn't imprisoned. They're dissatisfied. These are different problems.

Pushback 4: I don’t have enough FAITH to live in a world without God

This is the part nobody wants to hear.

The entire thesis rests on a materialist assumption: your life's meaning is determined by your net worth, your house, your access to experiences. If you can't get those things, you're "imprisoned." If you can, you're "free."

That's spiritual poverty masquerading as economic analysis.
Jesus said it plain: "What does it profit a man to gain the whole world and forfeit his soul?" The author's answer is apparently "at least you beat the algorithm."

My BIGGEST problem with the article isn't economic. It's theological. It assumes the highest human need is "self actualization" through financial success. That Maslow's hierarchy is the truth about human nature. That if you can't afford the vacation and the house, you're missing what makes life worth living.

That's not wisdom. That's the prosperity gospel without the gospel. No thanks.

The reason this generation feels trapped isn't because housing costs went up. It's because they've been handed a worldview where meaning comes from consumption, identity comes from status, and hope is a betting slip. When you build your life on that foundation, of course you feel imprisoned. The cell is interior.

Real freedom isn't financial. It never was. The peace that passes understanding doesn't require a Polymarket account. Eternity is a LONG time.

So what's the alternative?

First: Exit the comparison machine. The author correctly identifies social media as manufacturing infinite dissatisfaction. The answer isn't to gamble your way to a moving target. It's to stop letting an algorithm define your "zeroth line." Your reference class should be your actual life, not curated highlights from 8 billion people. Delete the apps. Touch grass. Go to church. Give yourself to something BIGGER than your net worth.

Second: Skill acquisition still compounds. The article mocks "getting better at your job" as boomer advice. But the same young people pouring hours into memecoin research could pour those hours into skills that compound. The difference is skills don't have a house edge. Coding, sales, writing, trades… these translate into income whether the market is up or down. AI is changing which skills matter but it's not eliminating the returns to expertise. It's concentrating them.

Third: Asymmetric bets exist outside casinos. If you want convexity, build something. Start a business. Create content. Ship a product. The difference between entrepreneurship and gambling is you're building equity in something that can compound, not burning capital on negative EV.

Fourth: Anchor your identity somewhere the market can't touch. If your sense of self rises and falls with your portfolio, you're a slave. If your hope depends on a moonshot, you have no hope. The man who knows who he is in Christ doesn't need a 100x to feel like his life matters. He's already free. That's not copium. That's the only foundation that doesn't move.

The real trap

The article's framing is seductive because it offers absolution. You're not making bad decisions. You're rationally responding to a broken system. The house always wins but at least you're playing.

The framing IS the trap.

The economy is harder than it was. Housing costs are real. AI anxiety is real. But "harder" isn't "impossible," and the author's solution… becoming a customer of fee extracting platforms or an investor in them… doesn't help the people he claims to sympathize with.

It helps the house.

Here's what actually works.
-Wake up early. Get after it. Be Relentless.
-Spend less than you earn. No excuses.
-Acquire skills that compound. Every single day. Stack them.
-Build things you own. Equity, not lottery tickets.
-Get your body right. Discipline starts physical.
-Get your soul right with the Lord. My closeness with the Lord has grown MORE in trials and tribulations than any fancy car.
-Exit the comparison machine. The algorithm is not your friend. It's your enemy.
-Find your people. Real ones. In person. Build a family. Build a group you trust.
-Serve something bigger than yourself.
-Pray. Not as a last resort. As a first principle. Daily.
-The path is painful. The path is boring. The path requires years of work that nobody will clap for.

But it's the path that works.

The casinos will keep taking their vig. The gurus will keep selling hope. The algorithms will keep showing you what you don't have.

Let them.
You are not a prisoner. You are not a degenerate. You are not a customer.

You are a free human being with a soul that matters and a life to build.

So build it through active faith, aggressive patience, and a mindset geared towards eternity and not your bank account.

[pea bee @prstb]

Did you know that until 2022 any installed app on Android could see all other apps on your phone without permission? Now, devs need to declare which apps they need visibility to in AndroidManifest.xml

I was curious to see which Indian apps were spying on my installed apps 👇

[Ganesh Sonawane @ganeshsonawane]

If you are startup who thinks that runway is 4 months, it’s wrong, because our MCA website and formalities will ensure a delay of 1 month minimum so the runway is actually 5+ months. Their recent achievement is to increase lead time of MGT-14 from a few hours of approval time to 4 weeks is commendable. They may single handedly kill more startups than what the startup India movement has created. Repost this for maximum reach. Have ran out of freebies this time but repost this anyways!

[Jason Choi @mrjasonchoi]

Many here think they’re Christian Bale in the Big Short but they are actually these guys

[Aaron Smith @aaronsmith]

You probably know the start of this Olympic story, but do you know how it finished?

This photo is of Eric Moussambani, aka 'Eric the Eel' from Equatorial Guinea, competing in the 100m Freestyle event at the Sydney 2000 Olympics, alone.

Why?

/1

[Navin Kabra @NGKabra]

Who are Indians descended from? Aryans from Europe? Dravidians who've been "here" forever? The Indus valley civilization?

A controversial question for 150+ years, but now we have DNA evidence that answers these questions with a high degree of certainty.

🧵

[Subhashish Bhadra @Subhashish30]

#HiringAlert | I'm looking for a General Counsel (Legal & Regulatory) for @klubworks to set up our legal function. The ideal candidate will have 4-6 years' experience at a reputed law firm or as in-house counsel in financial services or FinTech.
https://t.co/NPttP8PPFE

[Arnold Schwarzenegger @Schwarzenegger]

I heard that the way you go viral on this site is by making a big list of things you have to do. Let me try.

-You should mostly eat food you know is healthy, there is no magic food.

-You should also occasionally let yourself eat delicious food you know isn’t healthy. Otherwise what’s the point?

-You should be training with some kind of resistance (your bodyweight works), no matter your age

-You should do something to get your heart going and get a schvitz a few times a week

-You should know there isn’t a magic pill, a hack, or a diet and most of that crap people put in their lists is just mean to confuse you so you pay them to figure it out for you with whatever they are selling

-You should also know my daily newsletter is free, is allergic to bullshit, and includes weekly workouts, the latest health and fitness news, and motivation from me.

-Don’t worry, if you paid one of those people to tell you jumping in cold water or taking 29 pills every morning will get you fit, I’ll still be here in three months when you decide it’s time to try something that works. The only trick I know is that you have to work, it hasn’t changed in 76 years and it won’t change.

https://t.co/RWyII4MOW2

[Karthik @karthiksekar87]

@SelukarAbhijit All notes taking is a combination of physical and digital. Do you not use pen anymore?

[Joe Pompliano @JoePompliano]

Francis Ngannou has the craziest story in sports:

• Born in Cameroon
• Ate food from the trash
• Started physical labor at 10
• Fled to Paris to chase his dream
• Arrested 6x crossing borders
• Slept on streets in Paris
• Signed with UFC in 2015
• Became UFC Heavyweight Champion

But then Ngannou left the UFC for a multi-million-dollar deal with the PFL that included:

• High 7-figure per fight guarantee
• $2M guarantee for his opponents
• A share of each event's net profits
• Freedom to box & sign sponsors
• Equity in the PFL & Chairman of PFL Africa

And tonight, Ngannou went toe-to-toe with the heavyweight champion of the world in his FIRST EVER boxing match, losing to Tyson Fury by split decision.

What an insane life.

[TheLiverDoc™ @theliverdoc]

My dear friends 🩷, if you are seeing this, know that your love when I was hated, support when I was made to fall, voice when I was voiceless and my presence through you in my absence, are highly appreciated. Thank you 🙏

Lets roll, 3...2....1....✊🔥⚡️