@SensingSenses@GayatriiM Same thing happened with me a few days back as I was approaching Apollo hospital after crossing ashram chowk.
He was a sikh man in his 70s riding an old scooter.
Warren Buffett’s son rejected managing billions…and chose a 2000-acre farm.
The biggest money lesson is this: If you don’t define success, the world will trap you in a race you never wanted.
I'm Italian. I just got back from Rome.
Over dinner, old friends and I started arguing about the same thing we always argue about: which cities in Italy are genuinely incredible but nobody ever talks about?
We went back and forth for hours. By the end of the night, we had a list.
7 hidden cities that most people, including most Italians, will never think to visit, let alone move to.
No crowds. No tourist markup. Insane quality of life.
Thread 🧵
10 types of people we all know:
1) The quiet observer - Barely talks. Notices everything. Says one sentence that’s mostly genius.
2) The temporarily motivated one- Day 1 joins gym, day 2 buys shoes, Quits by the weekend.
3) The drama magnet - Something or other is always happening with them. Like with Jethalal in TMKUC
4) The 'I know someone' person - Always knows 'someone' but rarely introduces or helps.
5) The walking wikipedia - Explains everything to everyone. @Deven_Bhojani types :-).
6) The 'lives like robot' guy - Up before sunrise. Meditates, works out, reads, plans. Makes the rest of us feel useless or jealous.
7) The one who thinks they’re hilarious -Tells ten jokes a minute. Laughs at all of them. You laugh because you don’t know what else to do.
8) The person living in their own universe - Never on time, lost, never plans, and living by vibes only. Somehow their life still works out.
9) The 'I’m on a mission' person - washes hand for 60 sec, detoxing, eating organic. Carries water bottle everywhere to meet hydration goals.
10) The Hyper-friendly stranger - Knows your life story after one conversation. Now greets you like you’re best pals.
Tag someone who fits into one of these
Each reserve currency has 4 stages
Rise , peak , overextension and collapse
There is a common reason - rising debt due to military over reach n unsustainable spending/debt.
- Portuguese Real in 1450 .. they revolutionised navigation thru new sea routes. Lisbon became the centre of trade ..empire stretched to 4 continents
- Royal succession crisis n declining treasury led Spain absorbing Portugal into Iberian Union in 1530. Spanish sliver replaced it after 80 years . Spain had highest silver deposits - Mountain of Potossi..Spanish dollar coins became the reserve currency. Similar patter followed.
Phillip the 2nd inherited debt and defaulted 4 times.. massive inflation followed. By 1641 due to bankruptcy n inflation Iberian union fell apart.
- Dutch republic - Amsterdam became trade centre .. Dutch guilder became the reserve currency backed by innovation . Dutch merchants created first stock exchange, marine insurance .. 78 years Dutch dominated accounting for a 3rd of global Trsn
- Britain - in late 1780 the Anglo Dutch war bankrupted the Dutch. British Sterling Pound took over backed by Industrialisation .. London became the hub… WWI exploded British debt .. WW2 debt became 270%. Britain won the war but lost financial crown.
- US dollar: delegates from 44 nations gathered at Bretton woods and built IMF and world bank and reserve currency status was transferred to the US dollar.
president Nixon suspended gold standard .. dollar found support in oil with deal with Saudi and OPEC that oil will trade in US dollars in exchange of military support. petro dollar was born .. this allowed US to run massive defecits..
- De dollarisation underway.. US debt $38 trillion. US spent $8 trillion fighting wars.. tariffs weaponising dollars making central banks lose trust in dollar .
Rise of BRICS and multipolar world will happen .. how much time will it take is the only debate ….
Yes, 'too many electronics' is purely meant to make cars use-and-throw items like smartphones. It'll become worse with 'software defined vehicles'.
Manufacturers will love this obviously. And consumers will forever be stuck in an upgrade trap.
Once upon a time, things were built to last. Now, they're meant to degrade as soon as possible. And clowns are cheering on. 🤣
Coming to EVs, they're meant to be used and discarded. That's why there's talk about recycling and giving batteries a second life etc already. And we're not even 5 years into EVs. 😀
And if buyers don't push back, we're likely to end up in a situation where more cars end up getting scrapped as soon as they cross a certain age. Awesome for govts and automakers. Not so much for owners who cherish longevity and don't want to upgrade frequently.
While I know this is the natural consequence of untrammelled capitalism, to which I'm a contributor too, a balance has to be struck.
It's good what we've begun talking about it. Moving from a culture of repair and reuse is now getting obsolete. Not cool. We gotta make it cool again. Eventually it'll happen if more and more people pushback. Car penetration in India is still a fraction of that in the west. So there's plenty lot of headroom to promote repair and reuse rather than scrap and move on.
When you open your eyes you can recognize the things that are tangible and earthly
But when you close your eyes ,meditate , you start recognising things that are intangible and much more meaningful.
Imagine being Mr. Siddharth Balachandran.
You believed that Stock Exchanges will create value. You invested ~80 crores in BSE in early 2018 at market cap of Rs 3600 cr and take 2.5% stake.
Two years later by March 2020, the 80 cr investment is down 65% and worth <30 crores.
You hold on, even add some more over the next year taking it to 3% stake. Then you hold it for next 5 years.
Cut to now - his holding value in BSE is over Rs 3,500 crores and he is still holding!
The stock fell 70% before it gave him a 50 bagger! 87x from Covid lows.
This is not just wealth creation, this is legacy creation!
PS: He also holds 0.35% in NSE worth over Rs 1900 cr. He is the man who truly made money from the stock markets wave in India. Picture in comment.
@jagga_bajwaa I think there is no end of this path. Only thing one can do is limiting our necessities and staying away from from the tendency of exploring new luxuries.