@regularguy07@BlockchainGene2@stats_feed Look, if you ask Pavel Durov or any other founder on earth about them being depressed, you'll get a common answer: they're so industrious & enterprising that they don't have time to feel depressed
So are Indians! we're so busy doing things that we don't have time for depression!
🚨 In rural China, every household is granted a free homestead plot by the village to build a home. Families can pass the house down through generations, but the land remains collectively owned and cannot be legally sold.
Sure, things can be better, but it's crazy how transparent and safe the Indian markets are compared to the US, all thanks to SEBI and the exchanges. It's not just Fidelity; even other big brokers seem to have 'flipping' restrictions in place.
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
@aravind bro have you noticed that crude oil has already started to decline. Although right now it's not a big correction yet I feel you should start posting abt it.
from $115 levels it's down to 85-ish levels. I feel it'll be back to the pre-war levels in future or even lower!
India’s fertility rate has gone below replacement. Two people aren’t producing two people to replace them.
Most metro couples are opting for just one kid. Not coz of a lifestyle choice, but sheer affordability.
Such is the school fees that having two kids is like having two home loans. The EMI for which will keep increasing. The love of the sibling is being replaced by a dog or the Internet. We are going to be old as a nation, before we get rich. Tough.
What we can accomplish today within minutes, took days to be accomplished in the 90s or 80s.
What's better: compare cross sectionally with the peer nations and across sectors
Once a miracle is now a reality as nowadays decades happen in a matter of days for almost everyone.
2/2
It'd be wrong to compare multiple different regimes together.
Given the technological advancements worldwide, if we don't achieve fast, we're not doing justice– just lagging behind the most under developed nations.
1/2
Basically, in just 12 years, India has done or exceeded what was achieved in the last 60 years. India will be able to reap the benefits of all this work only in the coming decades. And only if there's political stability. That's why the adversaries are earnestly attacking now.
-risk aversion & conservatism. People have it instilled in their minds to have a safe job & secure future. They do FDs & have lifestyle of a treasury bond, they buy life insurance & stay happy in fixed annuities. It's in their blood & culture i.e. a Socialistic mindset.
3/3
Saw a clip of Nikhil Kamath's podcast with Martín Escobari where he asks "Why doesn't India have any global company?"
-coz we are way behind in terms of per capita income; one would think of starting a co. given the risks after he has come out of 'earning to survive' phase
1/3
-there's still no ease of doing business even the small ones, leave aside the dream of starting a global business.
-copy & paste mentality, and complacency. Most of the biz are replicas of something in the west.
Zoho started good but is left behind being complacent.
2/3
@CyrusPa41284726@1shankarsharma@avasthiniranjan It's not just about the demand and supply, sir. You need the underlying i.e. a solid base, else it'll all be air...or maybe wind which will stop flowing just like demand.
@1shankarsharma@avasthiniranjan I second that @1shankarsharma .
And I think posting on Twitter to spread awareness is actually a futile effort. People here are emotionally driven, they know nothing but speak like Sharpe and Markowitz.
@abhijeet_dipke I prefer to be the one with a pesticide spray..."HIT"
Hatred against a minister is a different thing than inciting and provoking people to take unwarranted steps.
https://t.co/6tpUlYX609
If you think you can conquer the world, you will.
If you think you are rich and successful, you will be.
If you think you are a lion, your personality will reflect you as a lion.
And if you think you are a cockroach, you will always be one.
Think before you follow & manifest!
If you think you can conquer the world, you will.
If you think you are rich and successful, you will be.
If you think you are a lion, your personality will reflect you as a lion.
And if you think you are a cockroach, you will always be one.
Think before you follow & manifest!