Tarun Khurana

Accidental Banker| Here to rant about life!

Absolutely hate no one!

[Tarun Khurana @meTarunK]

If you show on my timeline, Chances are you will get irrelevant or irritating comment / reply.

Apologies, I have stop giving a duck!

Courtesy this tweet

[Tarun Khurana @meTarunK]

Zero bullshit!

[Tarun Khurana @meTarunK]

AI is becoming more interesting than I originally thought!

[Saketh R @saketh1998]

I was comparing the returns of Smallcases and some of the top mutual funds to see whether investing in Smallcases actually makes sense after factoring in all costs and taxes.

Assumptions:

Starting capital: ₹10 lakh
Time period considered: 3 years
CAGR and drawdown figures may have minor approximations
Selection was random, based on popular options shown on Smallcase
No specific strategy filter was applied
Included small-cap, mid-cap, and flexi-cap categories based on popularity

Tax & cost assumptions:

Smallcase tax assumed at 16.25%, considering a mix of short-term and long-term gains, while mutual funds considered at 12.5%
The ₹1.25 lakh LTCG exemption was ignored for simplicity
Selected Smallcases from Wright Research, Weekend Investing, and Windmill Capital (The Top 3)
Selected mutual funds from HDFC AMC, Parag Parikh, and Quant

What I found:

On average, the post-tax and post-charge returns of Smallcases were able to beat top mutual funds by barely ~2 percentage points. However, this marginal outperformance came with significantly higher volatility.

3Y CAGR for Smallcases post charges and tax: ~22.5%
3Y CAGR for mutual fund post charges and tax: ~20.3%

Average drawdown for Smallcases: ~29%
Average drawdown for mutual funds: ~19%

This means that over the last 3 years, Smallcases did not offer any meaningful edge over mutual funds. A roughly 10% relative outperformance in returns was heavily outweighed by nearly 50% higher drawdowns, making the risk reward trade off questionable.

[Navroop Singh @TheNavroopSingh]

BRICS Group Launches Gold-Backed UNIT Payment System https://t.co/aAq2RTV2mW

[Tarun Khurana @meTarunK]

What is not visible to the Law makers, Law upholders?

There is something fundamentally wrong in entire India, where we at the policy stage are unable to take harsh decisions.

An outright ban of ICE will become need of the hour!

[Peter Girnus 🦅 @gothburz]

Last quarter I rolled out Microsoft Copilot to 4,000 employees.

$30 per seat per month.

$1.4 million annually.

I called it "digital transformation."

The board loved that phrase.

They approved it in eleven minutes.

No one asked what it would actually do.

Including me.

I told everyone it would "10x productivity."

That's not a real number.

But it sounds like one.

HR asked how we'd measure the 10x.

I said we'd "leverage analytics dashboards."

They stopped asking.

Three months later I checked the usage reports.

47 people had opened it.

12 had used it more than once.

One of them was me.

I used it to summarize an email I could have read in 30 seconds.

It took 45 seconds.

Plus the time it took to fix the hallucinations.

But I called it a "pilot success."

Success means the pilot didn't visibly fail.

The CFO asked about ROI.

I showed him a graph.

The graph went up and to the right.

It measured "AI enablement."

I made that metric up.

He nodded approvingly.

We're "AI-enabled" now.

I don't know what that means.

But it's in our investor deck.

A senior developer asked why we didn't use Claude or ChatGPT.

I said we needed "enterprise-grade security."

He asked what that meant.

I said "compliance."

He asked which compliance.

I said "all of them."

He looked skeptical.

I scheduled him for a "career development conversation."

He stopped asking questions.

Microsoft sent a case study team.

They wanted to feature us as a success story.

I told them we "saved 40,000 hours."

I calculated that number by multiplying employees by a number I made up.

They didn't verify it.

They never do.

Now we're on Microsoft's website.

"Global enterprise achieves 40,000 hours of productivity gains with Copilot."

The CEO shared it on LinkedIn.

He got 3,000 likes.

He's never used Copilot.

None of the executives have.

We have an exemption.

"Strategic focus requires minimal digital distraction."

I wrote that policy.

The licenses renew next month.

I'm requesting an expansion.

5,000 more seats.

We haven't used the first 4,000.

But this time we'll "drive adoption."

Adoption means mandatory training.

Training means a 45-minute webinar no one watches.

But completion will be tracked.

Completion is a metric.

Metrics go in dashboards.

Dashboards go in board presentations.

Board presentations get me promoted.

I'll be SVP by Q3.

I still don't know what Copilot does.

But I know what it's for.

It's for showing we're "investing in AI."

Investment means spending.

Spending means commitment.

Commitment means we're serious about the future.

The future is whatever I say it is.

As long as the graph goes up and to the right.

[Vineet Bhatia @investor_vineet]

Five levels of investing
Level 1: Mutual fund
Level 2: Direct stocks
Level 3: direct stocks with concentration
Level 4: PMS / AIF
Level 5: Mutual fund

https://t.co/I8geiBi1W0

[Tarun Khurana @meTarunK]

When stupidity is a yardstick for views!

[Prittam Kothadiya 🇮🇳 @KothadiyaSpeaks]

Prashant Kishor was sent to Bihar two years ago by none other than Amit Shah. He was hired but shown as he is on his own in the garb of Jan Suraj. Minted hundreds of crores just to enter Bihar and destroy/tarnish Tejasvi Yadav's image.
It was Prashant Kishor who started off with this 9th fail CM for Bihar and Chara Chor type narratives which dented Tejasvi more and mainstream media gave full prime time to PK which helped spread his narratives across Bihar in a lightening speed. PK did target BJP candidates in a handful of constituencies just to come across as neutral but it was just an eyewash.

You are so naive if you haven't realised this.

#Bihar #BiharElections

[Tarun Khurana @meTarunK]

@Risk_to_Reward @piyush_trades The ops

[Tarun Khurana @meTarunK]

@skh27 Wow!

[Alok Jain ⚡ @WeekendInvestng]

There will likely be chaos on Monday

Precious metals already quoting much higher

Relax and let this pass perhaps

[Vijay Goel @VijayGoelBJP]

राष्ट्रपिता महात्मा गांधी जी की 156वीं जयंती पर गांधी स्मृति में आयोजित सर्वधर्म प्रार्थना सभा में उपराष्ट्रपति श्री सी. पी. राधाकृष्णन जी (@VPIndia)और प्रधानमंत्री श्री @narendramodi जी ने श्रद्धांजलि अर्पित की।
गांधीजी का जीवन सत्य, अहिंसा और सेवा का अद्वितीय संदेश देकर हम सबके लिए प्रेरणा स्रोत बना हुआ है।
#gandhijayanti2025

[Vijay Goel @VijayGoelBJP]

दशहरे के अवसर पर अपने घर पर परिवार सहित दशहरा पूजा
पहले वह अब के शस्त्रों के साथ।

[Tarun Khurana @meTarunK]

@ValueWithPrem @threadreaderapp unroll

[The Economic LongWave @TheELongWave]

❄️ Economic Winter is near!

Will Canadians Start to Deleverage? 🏦💥

Canada Mortgage Debt Month To Month Change 2020-July 2025 👇

For decades, Canada’s economic engine has been fueled not by rising productivity or innovation, but by an ever-expanding mountain of debt.

Household mortgage balances and total credit liabilities have climbed relentlessly—month after month, year after year.

But debt super-cycles don’t last forever. The same reckoning has marked every Kondratieff LongWave Winter in history:

📉 Falling asset prices expose the fragility of debt.

🏠 Households are forced to sell or default when credit expansion halts.

💳 Deleveraging begins, not by choice, but by necessity.

🌍 Social and political tensions rise as living standards reset.

Canada’s household debt now stands among the highest in the developed world, with private credit/GDP ratios beyond sustainable levels. The question isn’t if deleveraging comes—it’s when.

Economic Winter is not simply a downturn; it’s a system reset.

The froth of speculation and financialization gets burned off, paving the way for new structures of growth. ❄️➡️🌱

So, here’s the provocation:

👉 Are we on the cusp of Canadians finally waking up and reducing leverage?

👉 Or will policymakers, banks, and households fight against the inevitable until the crash forces their hand?

History says Winter always comes.

The only uncertainty is how painful the thaw will be.

[Ritesh Jain @riteshmjn]

3% is the new 2%.
once you have this clarity then investing is easy.
https://t.co/vOVKAsLYci

[Vijay Goel @VijayGoelBJP]

ग़ाज़ियाबाद में आवारा कुत्तों के काटने की समस्या लगातार गंभीर होती जा रही है। इस विषय पर जनता की चिंताओं और सुझावों को सुनने के लिए मैं अपनी दूसरी बैठक कर रहा हूँ।

📅 रविवार, 14 सितम्बर 2025
🕓 शाम 4:00 बजे
📍 सी-905, ऑक्सी होम्ज़, लोनी भोपुरा रोड, गाजियाबाद

इस बैठक में RWA और NGO’s के प्रतिनिधि भी शामिल होंगे। आप सभी से आग्रह है कि जुड़कर अपने विचार साझा करें।

#StrayDogs #Ghaziabad #PublicSafety

[Vineeth K @DealsDhamaka]

How did Jhunjhunwala sell stake in Nazara just before the Online Gaming Bill??

If not insider, what is the rational for the sale?

[Ritesh Jain @riteshmjn]

This doesn’t shock you ?

The Sunday Telegraph carries warnings from leading economists that Britain is heading towards a 1970s-style debt crisis, and a bailout from the International Monetary Fund (IMF).

My 2 cents

I believe it is UK gilt ( the fiasco which led to Liz truss resigning) which is the Canary in coal mine for bond vigilantes.... the trouble is brewing in UK... at some point of time it will spill over to rest of western world including US…. Ironically UK ( BOE) which was also a hegemon before US is also custodian GOLD reserves for lot of countries…

My British friends should be ready for a steep fall in their standard of living and loss in purchasing power of their currency… smart money always knows first so it converts its savings into blue chips and gold .. ask any LATAM country.

[Tarun Khurana @meTarunK]

@LearningEleven So true

[Alok Jain ⚡ @WeekendInvestng]

"Trade is like water. It will find its way" ... eventually

Singapore is blessed to have very level headed politicians.

#Tradewars