Prathamesh Godbole | प्रथमेश गोडबोले

Here for markets, art and memes.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

Very problematic framing as if total wealth is finite and static since 1960s.

The 1% is not the same set of people over time but mostly people who got rich by creating wealth by building businesses that generate profit.

[Varsity @ZerodhaVarsity]

The richest 1% of Indians now control 40% of the total wealth in the country. The bottom half owns just 6% of it.

The wealth gap is stark and it's getting wider. (1/2)

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@kkgreat29013 @WillmooreK_OK I havent posted abt this in particular but i assume its rather obvious? No religion has remained exactly as it was at the origin. Doesnt make it a different religion.

Stupidity or malice for her to claim so, both of which are pointless to engage with

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@TradDeshastha

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@GhotalePatil @omarali50 There cant be much. Neither Mumbai nor Pune uni offer a Phd specializing in Maratha history. Access to the original papers of Pune Archives is restricted and not granted usually.
How can anyone do any reesarch?

Last known MH archives catalog/hand book is from 1979.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

This is worse than a second year cs student. arent there any specs/standards at all?

[Rylen Anil @DarthKermi72747]

CBSEs DigiLocker portal for schools (https://t.co/O6MRtVUx98) uses client side AES encryption with a hard coded passphrase

all the encryption logic is in a public JS file where anyone can read it

This makes the login encryption easy to copy and not a real security boundary.

[ByteSmith 𓂆 @dbytesmith]

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[ʕ •ᴥ•ʔ @alpeh_v]

mathematicians love putting "an introduction to" in the title of a textbook that contains the most fucked up and domain specific information possible

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@blackcat_1iii https://t.co/W2WuL5m8Ge

We may get one but it will quickly reverse

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

Equity market vol will also be supressed as a feature- not a bug. as SIPs/ pension funds/ETF AUMs continue rising, it will smoothen the vol and add a steady uptrend that will last for perhaps decades.

2/n

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

Burry has now predicted 5 of the last 0 bear markets.

[Bull Theory @BullTheoryio]

🚨Michael Burry just said Elon Musk and Nvidia's deal is built on fake numbers.

Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake.

He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing.

Nvidia, the world's largest AI chip company sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor.

Valor is not a real operating business. It is a special purpose vehicle, a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale.

Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok. xAI is using every single one of those chips right now to run its AI models.

But here is what Burry is flagging.

Neither Nvidia nor xAI owns those chips on paper. Valor, the shell company holds legal title. That means $5.4 billion in GPU assets do not show up on Nvidia's balance sheet as inventory.

They do not show up on xAI's balance sheet as assets. They are legally invisible to both companies.

Nvidia gets to book the $5.4 billion as a completed sale and record it as revenue. xAI gets full use of the chips without owning them. And the risk disappears into a shell company in the middle.

Now here is where American retirees enter the picture.

Valor needed $3.5 billion in debt to fund this structure. Apollo provided it. Apollo is one of the largest asset managers on earth with $1.03 trillion under management and $834 billion specifically in private credit.

Apollo raised the $3.5 billion, packaged it into debt securities, and sold those securities to Athene.

Athene is Apollo's own insurance company. It sells fixed and indexed annuities, retirement savings products, to ordinary Americans.

When a retiree buys an Athene annuity, they believe their money is sitting in safe, stable investments. That money is now inside a structure funding Elon Musk's AI data center.

The numbers inside Athene are most alarming.

Athene holds $74.2 billion in reserves. It has moved $217 billion in assets into a captive insurer based in Bermuda, meaning those assets sit outside normal US insurance regulation and oversight.

Of the entire portfolio, 34.7%, equal to $103 billion, is classified as Level 3 assets.

Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth.

The leverage sitting on top of those unpriced assets is 16 times.

Burry's says:
Every step of this structure is technically legal and publicly disclosed. But the entire thing was deliberately engineered across 8 to 12 steps to move credit risk off balance sheets and away from any market pricing.

- Nvidia books the revenue.
- Apollo collects the fees.
- xAI gets the computing power.
- And retirees sitting at the bottom of a 16x leveraged Bermuda insurance structure, holding $103 billion in assets with no market price carry the risk without knowing it exists.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@pegvn75783 Yes but price trend isnt going to turn down immediately because of it

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@dexterfinbar Auto translate

[Cheng Lou @_chenglou]

Had a tab open for so long, the domain owner changed and it’s now a completely different site upon reload

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@dexterfinbar @stocks_in for those concerned about pollution there was a environmental friendly way of being stomped by an elephant.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

In wars with Haider Ali, Madhavrao used to have trouble when Haider retreated to dense forests of western Karnataka.

To deal with this specifically, he raised a whole "brigade" of 10,000 woodcutters to chop down the entire forest if needed.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@prhntpnd here too.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

The betel nut as a sign of giving leave before marching on campaign was a practice even at Vijaynagara and then Marathas.

Origin of "giving a supari".

[Kalinga Arya @KalingaArya]

Gajapatis when they comissioned a new commander in their army they gave them betel and nuts, a wrestler's short, a decoration, a cap, a long shirt, an elephant, and a horse. Other kingdoms usually offered only betel and nuts.

Militarization of Odisha society in 15-16th century and the respect for military people can be judged from this.

Probably this is one of the reasons behind their success.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@stocks_in rebels interfering in war used to be blown from a cannon

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

Trump will find him and get him to do an announcement for regime change in Iran

[Jeffrey Kotyk @JeffreyKotyk]

The Sasanian royal line survived in China into the eighth century. Pērōz lived in exile and the Chinese records indicate that he had children.

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@Parikshit_K_ same

[Prathamesh Godbole | प्रथमेश गोडबोले @prathgodbole]

@foidjeetaa yes