Minaz

[Minaz @minazvakil]

@AxisBankSupport I had given revision of emi 2 months back along with roi change. Still not done. Hav called customer care thrice. Need a solutiom urgently

[Simply Padmaja @Padmaja_Yatra]

One my friends sent this beautiful post explaining Karma. I thought it’s worth sharing 😊

[Sandeep Kulkarni @moneyworks4u_fa]

One of my closest friends works for a FMCG brand in Qatar. He was telling me the other day how tough it is to get a 2-3% annual growth in Qatar because of various reasons.
India may have a thousand issues but for the kind of growth we are experiencing we have to be the luckiest people in the world right now.
So I prefer to count my blessings and hope things will get even better in the times to come.

[Minaz @minazvakil]

@cadalukaanubhav Yes

[Minaz @minazvakil]

@aaibvnairport @AAI_Official @aairedwr Pls revert ?

[Minaz @minazvakil]

@aaibvnairport @AAI_Official @aairedwr When are flights starting ?

[Minaz @minazvakil]

@jackcoder0 Send

[Uday Kotak @udaykotak]

Leading banks are taking 1 year wholesale deposits at ~8%. Translates to loaded marginal deposit cost of 9%+ after CRR (0 interest), SLR, deposit insurance, priority sector. Excluding opex. Low cost Retail Deposits (CASA non wholesale) show muted growth across the system.

Yet, banks are issuing home loans at 8.5% floating rate. Borrow at 9% and lend at 8.5! -0.5% spread. And repo rates likely to drop. What about the opex/ credit costs? If the deposit tightness persists it is a challenge to the banking business model.

[Minaz @minazvakil]

@thel3l So cool. Keep at it

[Val Katayev @ValKatayev]

A legend passed away yesterday. This gentleman built a $300B empire and pledged 66% of it to charity.

He owns Jaguar and Range Rover and is a leader in India's airline, Steel, Fashion, Car, and Technology industries.

The greatest philanthropist you've never heard of - Ratan Tata

[Uday Kotak @udaykotak]

Saver turns investor in a rebalance of household financial assets. Bank deposits move from 53% to 42% between 2020 and 2024. Future is a holistic approach to financial services. Time for mindset change.

[Aveek Mitra @aveekmitra]

When 25% of IIT Bombay graduates fail to secure campus placement (1475 students got job offers out of total 1792) and lowest salary plummets to Rs. 4 L p.a. (though only 10 students in this category) both parents and students need to seriously think about investing serious money on coaching & preparation.

Precious period of life gets wasted in preparing to "crack the code" -- to prepare for a ridiculously tough examination in a country which fails to generate even 10000 decent & secured jobs in a year for these hardworking & dream chasing youths.

Think and plan carefully before going to Kota or other myriad coaching institutes. I would also urge the IITs and other premier institutes to see if they can qualitatively change the examination structure. It is a perverted system and a torture and exploitation of our young minds. It drains vitality out of these young souls..... they become an examination cracking machine.

I have worked with many, seen many more and can feel their vulnerabilities.

Now, for last few years, we see that end result of these rigmaroles are not any free pass to El Dorado --- so please rethink from basics.

[Kiran Bedi @thekiranbedi]

India makes it to finals. Have a look. #OlympicGames

[The Figen @TheFigen_]

Great response. 😂

[Alvin Foo @alvinfoo]

“ In Washington DC, at a Metro Station, on a cold January morning in 2007, a man with a violin played six Bach pieces for about 45 minutes. During that time, approximately 2000 people went through the station, most of them on their way to work.

After about four minutes, a middle-aged man noticed that there was a musician playing. He slowed his pace and stopped for a few seconds, and then he hurried on to meet his schedule.

About four minutes later, the violinist received his first dollar. A woman threw money in the hat and, without stopping, continued to walk.

At six minutes, a young man leaned against the wall to listen to him, then looked at his watch and started to walk again.

At ten minutes, a three-year old boy stopped, but his mother tugged him along hurriedly. The kid stopped to look at the violinist again, but the mother pushed hard and the child continued to walk, turning his head the whole time. This action was repeated by several other children, but every parent - without exception - forced their children to move on quickly.

At forty-five minutes: The musician played continuously. Only six people stopped and listened for a short while. About twenty gave money but continued to walk at their normal pace. The man collected a total of $32.

After one hour:
He finished playing and silence took over. No one noticed and no one applauded. There was no recognition at all.

No one knew this, but the violinist was Joshua Bell, one of the greatest musicians in the world. He played one of the most intricate pieces ever written, with a violin worth $3.5 million dollars. Two days before, Joshua Bell sold-out a theater in Boston where the seats averaged $100 each to sit and listen to him play the same music.

This is a true story. Joshua Bell, playing incognito in the D.C. Metro Station, was organized by the Washington Post as part of a social experiment about perception, taste and people’s priorities.

This experiment raised several questions:
In a common-place environment, at an inappropriate hour, do we perceive beauty?

If so, do we stop to appreciate it?
Do we recognize talent in an unexpected context?

One possible conclusion reached from this experiment could be this:
If we do not have a moment to stop and listen to one of the best musicians in the world, playing some of the finest music ever written, with one of the most beautiful instruments ever made…
How many other things are we missing as we rush through life?”

[George Mack @george__mack]

The most useful razors and rules I've found:

1. Bragging Razor - If someone brags about their success or happiness, assume it’s half what they claim

If someone downplays their success or happiness, assume it’s double what they claim

2. High Agency Razor - If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison.

3. The Early-Late Razor - If it's a talking point on Reddit, you might be early. If it's a talking point on LinkedIn, you're definitely late.

4. Luck Razor - If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line.

I used this razor to go for drinks with a stranger rather than watch Netflix. In hindsight, it was the highest ROI decision I've ever made.

5. Buffett's Law - "The value of every business is 100% subject to government interest rates" - Warren Buffett

6. The 6-Figure Razor - If someone brags about "6 figures" -- assume it's closer to $100K than $900K.

7. Parent Rule - Break down the investments your parents made in you: Time, Love, Energy, and Money.

If they are still alive, aim to hit a positive ROI (or at least break even.)

8. Instagram Razor - When you see a photo of an influencer looking attractive on Instagram -- assume there are 99 worse variations of that photo you haven't seen.

They just picked the best one.

9. Narcissism Razor - If worried about people's opinions, remember they are too busy worrying about other people's opinions of them. 99% of the time you're an extra in someone else's movie

10. Everyday Razor - If you go from doing a task weekly to daily, you achieve 7 years of output in 1 year. If you apply a 1% compound interest each time, you achieve 54 years of output in 1 year.

11. Bezos Razor - If unsure what action to pick, let your 90-year-old self on death bed choose it.

12. Creativity Razor - If struggling to think creatively about a subject, transform it:

• Turn a thought into a written idea.
• A written idea into a drawing.
• A drawing into an equation.
• An equation into a conversation.

In the process of transforming it, you begin to spot new creative connections.

13. The Roman Empire Rule - Historians now recognize the Roman Empire fell in 476 - but it wasn't acknowledged by Roman society until many generations later.

If you wait for the media to inform you, you'll either be wrong or too late.

14. Physics Razor - If it doesn't deny the law of physics, then assume it's possible. Do not confuse society's current lack of knowledge -- with this knowledge being impossible to attain.

E.g. The smartphone seems impossible to someone from the 1800s -- but it was possible, they just had a lack of knowledge.

15. Skinner's Law - If procrastinating, you have 2 ways to solve it:

• Make the pain of inaction > Pain of action
• Make the pleasure of action > Pleasure of inaction

16. Network Razor - If you have 2 quality people that would benefit from an intro to one another, always do it.

Networks don't divide as you share them, they multiply.

17. Gell-Mann Razor - Assume every media article contains a % of false information.

Sandbox the article from your worldview until you've:

• Seen primary sources
• Spoken to 3 domain experts

18. Taleb's Surgeon - If presented with two equal candidates for a role, pick the one with the least amount of charisma.

The uncharismatic one has got there despite their lack of charisma. The charismatic one has got there with the aid of their charisma.

[Mufaddal Vohra @mufaddal_vohra]

Rahmanullah Gurbaz silently gave money to the needy people on the streets of Ahmedabad so they could celebrate Diwali.

- A beautiful gesture by Gurbaz.

[Minaz @minazvakil]

@mebeingme21 Price ?

[Jaishree @Jaishree_7]

A must watch video!
Such a wonderful gesture by the Judge and the Marine officer. Surely, a lot of us on an individual level have huge respect for Veterans and men in Uniform..
Wish the policy makers too shared the same.
Before anyone jumps at me, I am not suggesting waiver for violations, if any, just because they are Veterans..
It is just about acknowledgement of their roles and gratitude for the same.
#Veterans #JaiHindKiSena