They did what they thought was the best at the time. However, the ideal situation would be if the current generation learns due to increased awareness.
My father bought LIC’s Komal Jeevan for me when I was 8 months old. 15724 yearly premium for 17 years.
LIC will now pay me 2L over a period 8 years in 20%, 20%, 30% & 30% & some undisclosed amount at the end.
I don’t know how to feel about this
If Charlie says that something is stupid, don't try to doubt that conclusion one bit. The man spent his lifetime figuring & filtering out "stupid". Scientifically illiterate policy drains citizens' pockets & assets.
Charlie Munger and Warren Buffett on Ethanol blending in Petrol:
“Ethanol blending is a very stupid way to try and solve an energy problem.”
“It takes more fossil fuel energy to create ethanol than you can get out of ethanol you’ve created.”
- Charlie Munger. 2006.
If you think 2026 is bad, El Nino is just developing.
2027 summer will be much much much worse.
If BMC can curb its hunger for property tax, and new property registrations, FSI fees, construction premiums maybe we will survive 2027.
Couldn't agree more. It's like a well-oiled con machine operating systematically targeting unsuspecting & gullible investors. Not all.. but most are to be avoided like the plague. Some exceptions exist in every domain.
My dislike for the mutual fund distributors grows every day.
Nearly every individual I know has been fooled by them. It was driven by either fear or greed.
The dishonesty that these folks work with is astounding.
And don’t even get me started on bank relationship managers / insurance salesmen. They prey on the vulnerable.
@mybmcWardA@mybmc Hi, would like to know if this contractor is authorised under BMC's pay & park in Colaba area or is it illegal? A simple google search reveals multiple FIRs against this organisation. Please revert.
Agree 100%. The drive lacks logical & scientific assessment & is totally arbitrary in nature. Wonder which vested financial interests are served as a consequence?
Before every monsoon season
@mybmc goes on a rampage against trees
In the guise of cutting risky branches that can fall during gusty winds half the trees in some cases are cut off
In a city with a receding green cover this reduces it further
@AshwiniBhide there should be clear guidelines for tree cutting.
@Dev_Fadnavis
“Berkshire would’ve been a lot bigger if we had used leverage, but we would be sweating at night.”
“And it’s crazy to sweat at night…(pause) over financial things.” 😂
- Charlie Munger. 2015
Neeraj Chopra almost didn't happen.
Not because of corruption. Not because of incompetence.
Because of a file that in summer noon of 2011 could have gone upward, a committee that could have met, and a season that could have passed.
One official decided instead. Same afternoon. No precedent. No committee. Rs 1 lakh for javelins.
Refer. Defer. Wait. He didn't.
The boys were practising by the evening at Panchkula athletic track. They did so there for next five years before moving to more competitive circuits.
One of them did exceptionally well. India got an #Olympic gold.
We blame governance failure on corrupt officials. Or incompetent ones.
There is a third failure — the honest, competent official who has learned that deciding is more dangerous than not deciding.
Kahneman showed people feel losses twice as powerfully as gains. The status quo is the system's default — and the official's shelter. The harm of his action is traceable to him. The harm of his silence is traceable to no one.
So he refers. Defers.
Performs just enough to stay invisible.
I call it rational abdication.
It is costing India more than corruption ever did. And it can be fixed by making inaction visible and bonafide mistakes absorbable.
Read my article in #Dailyworld
The Neeraj Chopra story is the lucky version. You have been that citizen whose file went upward and never came back. What was yours? Tell me. ⬇️
#RationalAbdication #Governance #NeerajChopra
I've found solace in being insecure. It's taxing at first but liberating after a point. Initially, trepidations about outcomes are necessary, however, over time you embrace the uncertainty.
The key to staying afloat is completely accepting whatever markets throw at you.
My CA takes great care of my matters. Reminds me ahead of monthly /quarterly due dates, does IT/GST work on time, helps me with misc items beyond his Listed scope of work and gives/gets opinion whenever I need any tax matter
A good CA Tax consultant who is professional yet does not fleece you is a luxury in today's world.
Very few have it.
My wife called me out last night because she said that I’m not open with my wants and aspirations in life. She’s always showing me the latest beauty gadgets, vacuum, makeup, clothes, handbags she wants. But she says I’m not showing her anything I want and I don’t even talk about it.
I tried to explain to her, the reason is that I don’t really need things. My only motivation in life in terms of financial success is to provide everything for my family. I don’t mind a new car and I love to travel, but I’m perfectly content with material belongings. I don’t want new clothes or a new phone, I don’t care.
Women don’t understand that if not for them, we’d sit around in that stereotypical room with a mattress and a tv on the floor forever.
Indian Aviation is all about Renting
We don’t build a single aircraft we fly. Not one.
Half our pilots train in America because we can’t even buy enough simulators - every single Level D simulator is imported.
Our LCCs? IndiGo, SpiceJet, Akasa - all running on Amadeus-owned Navitaire.
Every bag at every major airport moves on German belts (BEUMER runs them ALL).
SITA powers 43 airports.
Air India flew widebodies to *California* for cabin retrofits because we can’t do it here.
Even our damn galley carts are imported.
Not one bolt, rivet, or seat manufactured in India.
We’re not building an aviation industry but I hope we are just around the corner
Absolutely spot on. There is a stark difference between companies & their behavior towards customer service/support in India vs abroad. Rightly pointed out that this is because of our behavior as a society, not all, but yet a significant number...
When Amazon came to India, my Kindle broke eight months in.
They shipped a replacement without asking for the old one back. No questions asked either.
That was 2014.
Today? Try returning anything. Every category has restrictions. Return windows keep shrinking. Half the catalog isn’t returnable at all.
What happened in between was us.
What you see here is a cheeky example of how we collectively behave.
Technically, nobody broke any rules. The customer found a loophole and used it. Smart, even. But fifteen minutes to save ₹1,000 on a ₹10,000 purchase isn’t about money—it’s about winning.
We do this everywhere. Game cashbacks. Split bills to trigger discounts. Return clothes after wearing them once. Order multiple sizes with no intention of keeping both. Then we complain when companies make returns harder, cashbacks conditional, and policies restrictive.
It’s a vicious cycle. Companies arrive with trust. We treat it as naivety. They build walls. We find cracks. They add more walls. We feel victimized.
The irony? We’re not even poor anymore.
My generation earns more in months than our parents did in years. But we still carry their scarcity brain—the one that had to arbitrage everything to survive.
They had to. We actively choose to.
So next time you itch to sign up using a thousand accounts to save ₹5, know that the ₹5 will find its way out of your pocket as a ₹500 in some other way.