Underrated life advice: Always assume things will work out, then do the work to make it true. It’s a mindset of active optimism. Earned faith. It creates a quiet confidence that allows you to tolerate the uncertainty of life better than anything else.
Rare footage – 2007 news report.
A boy named Virat Kohli, representing Delhi batted at the Kotla just hours after tragically losing his father. Delhi drew the match & he scored a fifty. That boy went on to become the biggest name in cricket history.
#HappyBirthdayViratKohli
Today I went to a B school to take a session on Behavioural Skills.
In one example, shared three different experiences-
1- Bought shares of one company in mid-nineties, started moving up immediately, sold all the shares within 6 months at almost double the price, later on it went up by another 15 times in next 4-5 years.
2- Bought shares of another company in 2001-02, waited for 2 years, sold almost at the buying price, later on it went up by 30 times in next four years.
3- Bought shares of one company in 2007, immediately after buying global financial crisis happened, share price went down by 75-80%, later on it became multi-multi baggers. I held the shares and enjoyed the returns.
When you buy shares, you have one clear-cut mindset that share prices will go up but share prices can go up immediately, may remain sideways for a few years, or may crash.
If you want to be great investor, be ready for all types of run way- up, sideways, or a steep fall.
Was in Baroda yesterday
Earlier in Ahmedabad
Prior to that Chennai
The manufacturing revolution
The green energy revolution
The logistics revolution
This is all for real
World class manufacturing facilities by hitherto unknown founders
US / global accreditions
Global manufacturing sourcing from India
Does not matter what the external environment is
Growing strongly and methodically
Remarkable focus on automation
It’s v v different from looking at the exchange screens the whole day and deriving conclusions on the economy from that
The INR depreciation is the best thing that’s happened
Exports become more competitive
Nominal growth accelerates
Outsourcing from India gets turbo charged
As scale rises , backward integration accelerates
Focus on new technologies goes up . We saw a hydrogen electrolyser powered green galvanising plant yesterday .. all being done at “Indian costs”
The new breed of entrepreneurs are actually not new .. they have been at it for 20-30 years and finally now getting the platform to grow aggressively
👆from a @PineTreeMacro investor.
In general, I have never seen Prime Minister Modi give negative signals in public.
I felt the seriousness when he said this in May:
"First came the corona pandemic; then wars began to break out, and now there is an energy crisis. This decade is turning into a decade of disasters for the world.
If these situations are not rapidly changed, the achievements of the past many decades would be washed away, and a huge section of the world’s population would be pushed back into poverty."
It is five months since he said this. Things have only become much worse in that period.
The relationship with the United States is at all time low, and one can even argue that America is now hostile to India.
America wanted a relationship with India to balance China’s power.
China is now in a different league. The revived term for the United States and China is “G2.” So the argument runs that the US no longer sees any "use" for India.
The US has been a major export market and a provider of capital and technology for India.
So I believe the US will only try to create more problems and difficulties for our country.
India has been aware of this shift, though it has only recently begun to give formal, fitting responses to America.
India has developed several sources for its energy and fertiliser needs.
We are also trying to create and expand new markets for our exports.
But with El Nino, high inflation, interest rate hikes, huge shipping costs, supply chains breaking down and pushing up prices for many things, including food, rupee depreciation, and capital outflows, we face many headwinds.
Added to this is AI disruption of white collar jobs.
As I shared recently, everyone from a PMO official to the Chief Economic Adviser to the External Affairs Minister has conveyed the above, in different words and as mildly as possible.
There is not much an individual can do.
As I have been repeating, an emergency fund to cover three years of expenses, not borrowing, spending on needs, and postponing wants until better times are what we can do.
As a country, we need to face this tough period together.
If you read economic history and cycles, you realise these kinds of tough times do not last forever.
In good times, we think they will continue forever.
In bad times, we think we are doomed forever.
Neither is true.
Everything is a cycle.
No one can avoid cycles.
The best we can do, as individuals, companies, or a country, is to be as prepared as our circumstances allow to face those cycles.
Forgive me for still having an Asian Games hangover, but as I start this week, one story from the Games keeps coming back to me.
Sujeet Kalkal was 9-2 down with less than a minute & a half left.
Most of us have an inner voice that does the maths at a moment like this.
I certainly admit to having such a voice.
It assesses the odds and tells us when the rational thing is to accept defeat.
Sujeet clearly has another voice. One that says: Not yet.
He kept going. 9-2 became 10-9. And an Asian Games gold.
The lesson goes well beyond the wrestling mat.
When I look back, I realise that some of my key successes in business came when I listened to my other voice that fought the rational one and simply refused to throw in the towel.
There are times to listen to reason. And there are times to tell it to wait.
It ain’t over till it’s over.
#MondayMotivation
🇮🇳 India's Sujeet makes an amazing comeback and wins gold. Five golds in a day for India.
Definitely watch this match. From down 0-4 at start, to 5 points down in-between, Sujeet still perseveres till the end to win🥇for India.
If you are a startup or a company looking to raise capital. Raise soon. This is probably the best time to do so. And get a lot of cash to keep you comfortable for a year or two. Be diligent in spending. The cash too can be invested into some liquid assets. Next year could be bad.
The best way to build wealth in the stock market is to stop reading financial news. They are full of noise which is designed to mislead and confuse you, because most are paid stories that promote the business which is being featured.
What's your experience been?
If you can overthink the worst, why can’t you overthink the best? We spend so much imagination worrying about what could go wrong. Perhaps optimism is simply using the same imagination to wonder what could go right.