Everyone remembers Burry sounding the alarm on index funds and the passive investing bubble back in 2019. But way back in 1996, a 30-year-old Bill Ackman raised the same concern directly to Buffett and Munger.
I’ve always found passive SPY investors (a bit) annoying, but it’s remarkable how long this has worked. Even as just about everyone, everywhere, has quietly become a closet indexer.
> be Adobe, 40-year-old PDF jockey
> 2025, stock doing a perfect -33% swan dive
> “We’ll pivot to AI” says exec on 7-figure retention bonus
> can’t ship a model because legal says every pixel needs a 12-page EULA
> Midjourney drops v7, makes our Firefly look like MS Paint with a hangover
> OpenAI drops GPT-Image, Google drops nano-banana, both free
> our response: “Please login with your Adobe ID, install Creative Cloud, update 47 GB, restart, then pay $53.99/month”
> users collectively Alt-F4 into orbit
> watch in horror as ChatGPT/Gemini reads any PDF you give it for free
> enterprise cancels 10k seats overnight
> try to counter with Sora killer video model
> training cluster catches fire after someone uploads a 1998 clipart library
> PR tweet: “We are re-imagining creativity”
> quote-tweet ratio hits 1:9k, gif of dumpster bonfire tops replies
> premiere pro is now just a bloated launcher for 15 different subscription prompts
> 20-something with a phone and CapCut is making better edits
> our flagship feature: “Generative fill but now 3% slower”
> board meeting: “Let’s raise prices again”
> stock drops another 8% during the Zoom call
> our most innovative feature in 5 years is a "subscribe to annual plan" button that clicks itself
New Buyback Taxation regime = Madness
Just saw it after #Infosys buyback:
Entire payout = Deemed Dividend → taxed at slab rates (30–40%!)
Share acquisition cost only allowed as capital loss (set off over 8 yrs)
LTCG is 12.5%
Ex: Buy @ ₹1200, tender @ ₹1800 → tax hit = ₹720 (40% bracket) / ₹540 (30%).
You actually get less than invested + wait years to adjust losses.
@FinMinIndia surely unmatched in inventing crushing taxes.
@zerodha@nikhilkamathcio what is this issue? I didn’t placed an order and it executed at 15:56 after market hours for 1000 sell qty even when I had only 82k in my demat. Now you people are calling to deposit 19 lakhs to settle. Rectify the issue ASAP
We have got a friend of Finvasia in Zerodha. I waited patiently for 1 trading day and the time resolution of something as serious as this has already crossed. Zerodha punched ghost orders post 3:30pm in my account and vanished with my money yesterday. @zerodha@Nithin0dha
If a married couple makes 1.65 crore in New York,USA, (200K USD), the total tax is 20%. Tax paid = 33 lakhs.
If same couple makes 1.65 crore in Mumbai, India, effective tax rate is 31%. Tax paid = 51 lkahs
You pay 50% more tax for same income in India. + you pay 18-28% GST.