Rahul

Entrepreneur, Runner & Fitness Enthusiast

[Rahul @Ralsrio]

Had started the book by @johndoerr Measure What Matters, this Monday. It’s such an awesome read. Almost finishing it and getting all set to implement the OKR’s at my startup. Will be sharing my notes by next week. #BookReview #entreprenuer #OKR #measurewhatmatters

[Kuntal Shah @Kuntalhshah]

Cornelius "Commodore" Vanderbilt, the 19th-century baron, was a pioneer of railroads in his time, and when Vanderbilt died in 1877, he was the wealthiest man in the world.

His eldest son, Billy, received an inheritance of one hundred million dollars— 95% of Cornelius' fortune. Unfortunately, it came without even the most basic of instructions on how to invest and spend this wealth over time.

Within decades of the Commodore's death, the family wealth was largely dissipated. Today, not one Vanderbilt descendant can trace his or her wealth to the vast fortune Cornelius bequeathed.

If the Vanderbilt heirs had invested their wealth in a boring but diversified portfolio of US companies, spent 2% of their wealth each year, and paid their taxes, each one living today would still have a fortune of more than five billion dollars.

What went wrong?

Read the book and plan your succession and enable your family to manage wealth after you.
@adnahar for the book recommendation.

More on the same: https://t.co/DMgfGSnQ9W

[Sheel Mohnot @pitdesi]

It’s true. The original reason for ending prices in .99 was not psychological, it was to make sure employees weren't stealing... and it starts with the cash register itself:

In the 1870s, a saloon owner in Dayton was fed up with his bartenders pocketing cash and was desperate for a solution. While traveling by steamboat, he noted the mechanical counter that tracked how many times the ship’s propeller turned. He realized the same principle could track cash transactions... every sale increments a count, just like every propeller revolution. That insight led to his invention: "Ritty’s Incorruptible Cashier."

Over time, they added a drawer and a bell and it became known as a Cash Register... and the name of the company became "National Cash Register" which you probably know as NCR, the company that still exists today (recently split into 2, worth a combined $4.5B)

Every time a clerk rang up a sale, the drawer opened and the bell chimed. That sound told the owner money was (or wasn’t) going into the till. Merchants discovered that if they priced items at 49¢ or 99¢, the clerk had to open the drawer to make change, forcing the bell to ring and the sale to be recorded. Around this time in the late 1800s, prices began ending this way.

The notion that $.99 feels cheaper than $1.00 didn’t come until much later. Marketing psychology picked up on it 50 years later, when professors started using terms like “left-digit anchoring” and consumer behavior reframed .99 pricing as a sales tactic rather than just an anti-theft device.

NCR gave us more than cash registers... the company built modern sales culture and was a huge talent magnet, like the Salesforce and Ramp of its day.

They created a formal sales school in 1887 to sell cash registers, complete with scripts, objection manuals, territories, quotas, and pep talks. They called it the “West Point of American business,” because it was known to be a talent magnet, producing executives who spread these practices across corporate America.

In 1912, NCR was indicted for antitrust violations. Their star salesman was Thomas J. Watson, who was convicted and then fired from NCR.

He took NCR’s sales playbook to a small company called the "Computing-Tabulating-Recording Company" and became its CEO. He took the NCR sales model into beast mode - expanding internationally and changing the name of the company to "International Business Machines" (IBM) to reflect that.

A bunch of NCR disciples ended up at other prominent places, like Kettering at GM.

Kind of wild that after 155 years they are still selling cash registers.

anyway long way of saying to the haters in the comments that this poster is correct.

[Kuntal Shah @Kuntalhshah]

Recently, I had the privilege of addressing students, parents, and teachers at St. Mary’s, Pune. (https://t.co/rqCnzaO0Fq).

Eight short stories and one message: Resilience + curiosity + choices = compounding for life.

These lessons taught at @FLAMEUniversity extend beyond exams, benefiting students, parents, teachers, and society at large.

Transcript: https://t.co/20nAb0pAEb

[Rahul @Ralsrio]

@DivaJain2 @grok which book is this from

[Rahul @Ralsrio]

@chiragbarjatya Are there enough people to pay high gym membership fees for this kind of experience?

[Rahul @Ralsrio]

@Kuntalhshah

[Rahul @Ralsrio]

@Ajain112 Completely agree with this. Every failure teaches you something and with every passing year you become a more rational decision maker.

[Rahul @Ralsrio]

@kmr_dilip Ohh sorry. Missed reading that your PB is 1.22 for a half.

[Rahul @Ralsrio]

@kmr_dilip Congratulations Dilip for a smashing race. 1.26 hr is truly commendable. Was it your PB ? I too ran the FM on Sunday and I must say the weather was just perfect to achieve one’s PB.

[Rahul @Ralsrio]

@Rainmaker1973 Massimo wishing you well and a speedy recovery ❤️‍🩹🙏🏼

[Rahul @Ralsrio]

@Ajay_Bagga Infact I am quite amazed while people flew to UAE to experience the concert wherein in Mumbai itself the experience was an unforgettable one.

[Rahul @Ralsrio]

@Ajay_Bagga Absolutely untrue. Had one of the best experiences at the concert. The area where there was standing crowd was covered properly with white matting so no question of dust on the ground. The crowd was so well behaved and people could move around the entire stadium w/o any issue.

[Ujwal Puri // ompsyram.eth 🦉 @ompsyram]

Photos i Clicked of the Atal Setu Mumbai

One year Anniversary to this Engineering Marvel in Mumbai

Bharat India's longest Sea Bridge

[Ujwal Puri // ompsyram.eth 🦉 @ompsyram]

Photos I clicked of Mumbai City at Night 🌙

[Rahul @Ralsrio]

@chiragbarjatya Excellent thread @chiragbarjatya. Thanks for highlighting the new way of measuring obesity.

[Rahul @Ralsrio]

@WallStreetMav 🤣🤣🤣🤣

[Rahul @Ralsrio]

@IshanTanna1 Give credit to this article from Forbes where u took all the information. https://t.co/wKtNgAvjdB

[Rahul @Ralsrio]

@Iamsamirarora Sir your sense of humor is killer 😂😂

[ANI @ANI]

IMF raises India's growth projections for 2024 to 6.8% and 6.5% for 2025

[Rahul @Ralsrio]

@n_karkare 🤣🤣🤣