The GST council today announced levying 28% taxes on online gaming at full face value. This is expected to causes ripples in India's rapidly growing market.
Recent Deloitte study says similar decision in France saw massive decline in profits and a shift to black market.
It was interesting how life sometimes simply give you a whole new perspective by waiting around long enough for you to see it.
- Matt Haig (The Midnight Library)
You can choose choices not the outcomes. But I stand by what I said. It was a good choice. It just wasn't a desired outcome.
- Mrs Elm (The Midnight Library)
On 5/29/13 (my birthday!), I filed to incorporate Palo Alto Delivery Inc., later renamed DoorDash Inc.
It's mostly not my story to tell. But I'll share a bit today about how it started.
My goal is to give aspiring entrepreneurs a window into one founding story.
You'll hear people say the team was obviously impressive, or they had conviction in the vision, but we were not special, it was not a hot space, and no one thought it made sense at first. Starting from the belief that we had to "earn every inch," as Tony often said, was integral.
Australian iron ore producer Fortescue (FMG AU) is a great example of how value investing often works in practice. In 2018 the stock was trading for A$4. It was cheap at spot iron ore - a mid single digit FCF multiple, even w historically high discounts on low-grade 58pc Fe (1/n)
@moneybloke Yaa, but they have to decrease their share by then. Though this a wild guess. I don't think they will resolve to such a tactic. But what can go wrong with an absolutely fine app which was once processing such a big market share so smoothly.
One remember the bad moments more vividly than the good ones maybe because they are less thought upon.
But does that mean good moments have less to teach then the bad ones?
There’s the Greg LeMond quote about how—how “it never gets easier; you just go faster”. And that’s true of running. Like if I stay running for the rest of my life, it will never get easier; I will just—maybe—go faster.
- Patrick Collison