Nirav Doshi

Trying to understand how the world works. Views are personal.

[Trung Phan @TrungTPhan]

“Let me get this straight, you’re lending billions with cheese as collateral?”

“Not cheese. Parmesan. Parmigiano-Reggiano to be precise.“

“So, you finance this by packaging the Parmesan loans into Parmesan CDO A, which has part of Parmesan CDO B and both get put into Parmesan CDO C?”

“Yeah. The original loans are backed by wheels of Parmesan. Minimum age of 12 months. Some are 24 months. 36 months. 48 month. Hell, up to 120 months. Delicious. Millions of wheels. But Parmesan CDO C is a synthetic Parmesan CDO. A CDO of Parmesan CDOs. Parmesan Squared if you will.”

“What if it gets too hot in the summer and the wheels of Parmesan melt?”

“We’ll sell Parmesan credit default swaps.”

“C’mon! How much bigger is the market for Parmesan-backed sythentic loan and CDS products than actual edible real-life Parmesan that I can grate on top of my homemade spaghetti bolognese tonight?”

“At least 10,000x.”

“Ok, let’s say we have an underlying pool of $10 million in Parmesan wheels. How much money could be out there betting on your synthetic Parmesan financial products?”

“Probably $100 billion.”

“That is fucking crazy.”

“No, it’s awesome.”

[Nirav Doshi @niravdoshi1984]

@ShivAroor South India's rulers history..sea dominance

[Nirav Doshi @niravdoshi1984]

@IncomeTaxIndia Not able to download filed income tax forms. Can you please help

[Nirav Doshi @niravdoshi1984]

@Iamsamirarora @ActusDei Ok... My only thought was that if cash levels stay high for long periods, investors end up paying active fees on undeployed money. Maybe either pause inflows for a while or charge lower fees on the cash portion.

[Nirav Doshi @niravdoshi1984]

@Iamsamirarora @ActusDei Agree...i am always surprised for funds who hold cash...but also keep funds open and keep adding on cash positions...just a question do funds reduce cash balance for calculating management fees?

[Rajnikant @Rajni_Er_Tr]

This is a matter of a student's future. Please support/retweet for reach. @IndianExpress @timesofindia @safiranand

[Nirav Doshi @niravdoshi1984]

@Iamsamirarora Good concept.. Let mother-in-law say it's what the bride secretly wanted. She knows Gen Z won't wear gold, and it'll just sit in a locker, so she gave something that grows over time—a real heritage.

[Nirav Doshi @niravdoshi1984]

@RohithSundares1 @singhvarun @RameshwaramCafe Yes

[Nirav Doshi @niravdoshi1984]

@Iamsamirarora Just a query....if fund is having cash position of more than 10 percent...why is it open for subscription.....if it is not deploying existing cash?

[Anish Moonka @anishmoonka]

A Danish scientist counted bugs on the same windshield, same road, same conditions, every year for 20 years. By year 20, 80% of the insects were gone.

In Germany, a group of volunteer bug scientists did something even bigger. They set traps in 63 nature reserves, not farms, protected land, and weighed everything they caught. Same traps, same method, 27 years straight. The total weight of flying bugs dropped 76%. In midsummer, when insects should be peaking, it was 82% gone. A follow-up in 2020 and 2021 checked again. No recovery.

In the UK, they literally ask drivers to count splats on their license plates after a trip. The 2024 count came back 63% lower than just 2021. Three years.

A 2020 study pulled together 166 surveys from 1,676 locations around the world. Land insects are disappearing at roughly 9% every ten years.

Here’s where it hits your plate. About 75% of the food crops we grow depend on insects to pollinate them, everything from apples to almonds to coffee. One 2025 study modeled what a full pollinator collapse would look like: food prices jump 30%, the global economy takes a $729 billion hit, and the world loses 8% of its Vitamin A supply.

Birds are already feeling it. North America has lost 2.9 billion birds since 1970. A study from just weeks ago found half of 261 bird species on the continent are now in serious decline, and the losses are speeding up in farming regions. The birds that eat insects lost 2.9 billion. The birds that don’t eat insects? They gained 26 million. That ratio tells the whole story.

One of the German researchers behind the 27-year study drives a Land Rover. He says it has the aerodynamics of a refrigerator. It stays clean now.

[Nirav Doshi @niravdoshi1984]

@Iamsamirarora @Sanjay__Bakshi So as an investor in a fund that held cash during the fall, the downside protection is already captured in the current NAV.
Once deployed, returns converge with fully invested funds.
But if cash isn’t deployed timely, the cash advantage can quickly become a drag....

[isabelle 🪐 @isabelleboemeke]

If your friends aren’t talking about:

- Having kids
- Growing a garden
- Sunday dinner with your community
- Raising critical thinkers

It’s time to find new friends.

[Nirav Doshi @niravdoshi1984]

@aakashgupta @devinamehra Isn't it weird ...we are already somehow doing child vs AI...

[Nirav Doshi @niravdoshi1984]

@KommawarSwapnil But if the money was paid by American consumer / importer ( as was widely believed)..refund would be to American consumer not to the exporter..and this is how indirect tax would work

[Nirav Doshi @niravdoshi1984]

@VictorJonesX @davidbateman Early ages kingdoms used gold....and masses used silver as currencies.

[Nirav Doshi @niravdoshi1984]

@Iamsamirarora @Flipkart Give us the list of your all tym favorites. It will be useful 🙏

[Anupam Gupta @b50]

Old timers got it right. And when you're poor, you don't have much choice. So our parents, their parents, did what they thought best back in the day.

Bought their house the hard way - slogging, saving, without home loan, borrowing from friends and family. Bought gold because gold is gold. Didn't understand stock market so stayed away. Bought an insurance policy because LIC is LIC and you get bonus.

Look what it got them.

Their kids got a home. That's the best security in a poor country. No home loan. They got the LIC policy. They got gold. All great products worth security and when you're poor, security means a lot.

Sure they missed the Infosys IPO but they also missed so many scams.

What did they do? They sent their kids to schools, colleges, and in a liberalised open India, these kids became VP, senior VP, in banks or IT firms and made more money than their parents and bought even bigger homes. And got very lucky with ESOPs. This is what education and economic reforms got for them.

Now their kids. Gen Z. With the security of parents who worked in MNCs, in the comfort of their 4BHK in Lower Parel. They write long posts on social media about how old India didn't have choice and invested in "garbage" like LIC policies, FD, gold, etc. Whereas the cool way is to log on to an app and invest in an index fund.

Sharam karo saalon. Your grandparents and your parents saw what the real India was. Have some respect.

For likes and follows you're ignoring and forgetting what India used to be and how prior generations gave their best and came out with results they're proud of.

Sharam karo.

[Nirav Doshi @niravdoshi1984]

@VishnuNDTV In such scenarios existing ticket holders should be allowed to sell their ticket...this would have ensured transfer of ticket from non urgent traveler to urgent traveler and both would have gain something.

[Nirav Doshi @niravdoshi1984]

@DGCAIndia Allow ticket holders to sell tickets at market rates...increase supply of tickets to reduce price