Prashant

CFA. Equity Investing. Tweets are random, mostly!

[Prashant @prashant_mrch16]

@Ishansharma7390

[www.sidin.co @sidin]

Oh.
Oh no.

Is there a body under the…. Pitch?????

[Prashant @prashant_mrch16]

Brilliant!!

[Sanjiv Bajaj @sanjivrbajaj]

India's real transformation isn't happening in corporate boardrooms but in the daily choices of ordinary Indians who refuse to give up. This film is inspired by one such true story. Narrated by Aamir Khan, who was moved enough to lend his voice. The first of many. Watch it. @Bajaj_Finserv

[Prashant @prashant_mrch16]

@GabbbarSingh Or it also implies Americans are using chat GPT to plan their trips more than other nationalities.

[Prashant @prashant_mrch16]

Ok time to buy IT 😀

[Anuj Singhal अनुज सिंघल @_anujsinghal]

IT index hits 3 year low. Here’s a bold and strong view by Ajay Srivastava on what exactly is wrong with the Indian IT cos

[Prashant @prashant_mrch16]

Emirates clearly tells you when you book as to what services are available in each option of Business class ticket. They always have 4 options - 1) “special” - cheapest and no frill where you enjoy in-cabin business only. 2) “saver” which comes with lounge, chauffeur pick up/ drop but it has restrictions on seat selection and also comes with change fee / cancellation should you cancel 3) “flex” which offers all of what is in “saver” plus seat selection and slightly lower charge / refund fee 4) an all frill option “flex plus” which gives you lounge, chauffeur service, seat selection and full flexibility for unlimited changes / full refund on cancellation. These are tiered to cater to different requirements of travelers and it is a brilliant pricing structure. Third party aggregators of-course shows the lowest option. Now you book the cheapest option and wanting them to give you the highest service is like paying for Jack Daniel’s and expect a Macallan 30. Well both are whiskeys, but!!

[Vivek Wadhwa @wadhwa]

Absolutely disgusted with @Emirates. Bought a Business Class ticket on Expedia thinking I was flying a top class airline. At check-in they refused lounge access and treated me like dirt with the rudest staff imaginable. Flying through danger zones already had me worried , i now know why. Emirates is the airline from hell.

[Prashant @prashant_mrch16]

@1shankarsharma @ndtv @rahulkanwal Completely agree. He should say more interesting things - like buying oil futures seeing fighter jets in the sky perhaps.

[Prashant @prashant_mrch16]

#Dubainow

[Prashant @prashant_mrch16]

#Dubai

[Prashant @prashant_mrch16]

Such simple and sane voice - a rarity among investor communities these days. Kudos to @RajeevThakkar and others at @PPFAS for still sticking to the process that the legend preached, irrespective of market conditions!!

[Ronit Pereira @CAronitpereira]

“We want to create long term wealth for our shareholders and don’t want to confuse the investors by launching multiple schemes.”👏🏻

- Late Mr. Parag Parikh. PPFAS mutual fund. October 2012

[Prashant @prashant_mrch16]

Your own words and well written @GabbbarSingh . Now try to read this again with the current situation/ context in Dubai :)

"There is another potent weapon of warfare, which is as deadly as any other: fake news. Europeans, the inventor of all fancy words, called it propaganda. It originates from Latin, where the idea was to propagate the teachings of the Catholic church to the non-Catholics. But it got its negative connotation in the 20th century around the World War, when an American political scientist, Harry Roswall, defined it as “the expression of opinions or actions carried out deliberately by individuals or groups with a view to influencing the opinions or actions of other individuals or groups for predetermined ends and through psychological manipulations”
Another political scientist, Donald J Trump, made it simpler and just called it fake news. This reminds me of the news on TV. War reporting is eerily similar to election results reporting. Imagine a news panel where a 60-year-old expert is dissecting the finer points of an issue, bringing in his decades of experience, with everybody listening intently. Suddenly, an air siren goes off. You learn almost instantaneously that its the BREAKING NEWS siren. Everybody bows in reverence to the power of breaking news. We eventually find out the massive breaking news is basically the home minister going for a meeting at the Prime Minister’s Office. The expert has lost his train of thought, the anchor elaborates on why the minister’s visit is monumental, despite the minister just doing his daily work. All of it, just to sell more products during the commercial break."

[Gabbar @GabbbarSingh]

https://t.co/LVm0QGogf5

[Prashant @prashant_mrch16]

Absolutely. Iran is not a new country that fell next to the UAE yesterday. It has been there always. What we are in is a situation and not a norm. There could be short term impact in various parts of the economy. But that’s just an economic cycle, this time triggered by a war. Last time by Covid. And before that by oil collapse and prior to that by global financial crisis and so on. Every time the UAE and its economy did get impacted. And bounced back, even stronger. This time it will be NO different.

[Prashant @prashant_mrch16]

Lol. You seem to be excited. Many are going back home - some had plans and some to stay away from uncertainty for a while. Some are going for vacation to EU, Maldives, Colombo etc. People have their choices. But majority are staying back and there is absolutely no panic among them. I was at @MaisonMathis last eve to meet friends and it was packed!! Not even 1 empty table and am not exaggerating. We were at VFS last week for schengen application and the counters were full. People are out at work or wfh, catching up with friends in bars, cafe, restaurants and is just carrying on with their usual life. I am baffled at why people on X are so excited about people going back to India (see a similar pattern with people in the UK too in particular!!:)). Infact, if not for this situation more people would have travelled back to India at this time of the year!! They will return back once there is a complete normalcy. In 2020, many people relocated from cities like Mumbai and Delhi back to home town during covid. Not entire city did. And the ones who left returned when it was over. In Covid we were all health experts. And now it is time to be “geo-politicians” (if that’s even a thing)!

[Prashant @prashant_mrch16]

Bhai - there is a serious and tense situation and no one is denying it. But the authorities have managed it quite well to make sure civilian lives are largely un-affected so far. And that’s a fact!! Yes people are tensed. But it is not just Indians, there are residents from 100s of countries and if all of them unanimously give credit to the authorities here - it is for a reason. There is no incentives for anyone to do that. Expats / residents are free to leave. And many did / are. Thats a personal choice. And all airlines including Emirates & Etihad are operating to their best of their abilities. Many expats (not just Indians) also have option to move to any other cities in the world. But most (not all) have chosen to stay back and that is coz they feel safe. Not coz they don’t have options. There is a war in the region and no one knows how it will pan out (just like in any other war). There have been instances like you mentioned, which unfortunately happens in any such war. Not just in dubai, buy anywhere. So far it is contained. And if people don’t feel safe and if the situation is extremely dire, it does get reflected. Projecting “curated image” of NRI or NR
(any country) to someone on Twitter is the last thing any individual or family would want to do in the middle of a war like situation. They would flight if indeed it is real bad and unsafe. From anywhere, not just Dubai or UAE. When you are in the midst of a situation is when you realize, how factually incorrect and sometimes insensitive social media can be. And am sure this is the case with most other news / events happeing across the world. You have such a large follower base and I, like may other have enjoyed your tweets. But don’t be that guy who wanted to know if Burj Khalifa was the tallest building a few days back. Just think rationally when you do get some time out of social media.

[Prashant @prashant_mrch16]

Infact this is not even defending. It mostly was correcting factually incorrect claims, which is what has been getting circulated across the media / social media. No one is denying the seriousness of the situation. And yes, the way this whole situation was handled by the UAE authorities, both through diplomacy, military and more importantly keeping civilian life largely unaffected, does deserve a lot of merit. If people from different countries (not just India) who are residents, are unanimously supporting and appreciating the efforts of the authorities - it has to be genuine!! There is no incentives for anyone here to do that. Expats have all the rights to leave the country and airlines here are facilitating it to the best of their abilities. But despite that if most people chose to stay back, it does speak volumes about how safe they feel here.

[Prashant @prashant_mrch16]

Everyone hate instability and volatility. Not just wealth managers. Were you happy when India was in war with Pak a few months back?? But as a responsible (I presume) and someone with a relatively large follower base, it is a basic civic duty to confirm / validate before hitting those tweets. Your tweets are not only factually incorrect, but also insensitive. Expected better. But again as I said education doesn’t translate into wisdom and civic sense. Can’t blame you!!

[Prashant @prashant_mrch16]

@DEBU_NEOGI Best wishes @DEBU_NEOGI Those coffee kunafa bar was just out of the world!!