I recently had dinner with Dr Devi Shetty, the founder of Narayana Hospitals. For those who don't know him, he's the guy who figured out how to do open heart surgery for a few hundred dollars when the same procedure costs a bomb in the US. Narayana has 18,000 beds across India, and if you ask most middle-class people in Bangalore about it, they'll speak highly of it.
There was one thing I kept thinking about over and over again after meeting him.
Narayana's market cap is around ₹38,000 crore. Now compare that to pretty much any half-decent financial services business in India, and it'll be valued more than that, including Zerodha. A brokerage, worth more than a hospital chain, that has probably saved hundreds of thousands of lives.
I get the arguments. If you're a fund manager/analyst, you can immediately explain it away using margins, capex, asset-light vs asset-heavy, and all that, and I'm not saying the market is wrong.
But it's still a strange world we've built, where the businesses closest to money get valued the highest, and the ones doing the hard and essential things get priced like boring utilities. A hospital carries physical infrastructure, enormous liability, thin margins and the actual weight of keeping people alive. And somehow that's worth less than a platform for buying and selling stocks.
I don't have a clean take on this. All of this just felt odd.
Ps: Nothing here is investment advice. For that, go to @zerodhavarsity
Dhurandhar’s Untold Story | The Villains the Movie Missed
While reel life spy Ranveer hunts comic Pakistani villains, the most unsettling chapter of India’s fake-currency scam lies buried in CBI files
Full stry @BWBusinessworld@anuragbatrayo#Dhurandhar
https://t.co/GkQJOomnJf
@magicdecor_com seriously needs to revisit its service standards — missed delivery timelines, unprofessional customer support, and zero accountability when things go wrong. Premium pricing shouldn’t come with substandard execution. #CustomerService
@magicdecor_com seriously needs to revisit its service standards — missed delivery timelines, unprofessional customer support, and zero accountability when things go wrong. Premium pricing shouldn’t come with substandard execution. #CustomerService
📄: Dear friends, our account is under mass reporting attack by Pakistani bot networks.
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Stuck in Pathankot or Dharamshala due to the current situation or the IPL?
We have a hotel in Dharamshala and dalhousie that can comfortably host needy tourists. Happy to help—just reach out. Please retweet so it reaches someone who might need it.
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While early adopters like El Salvador are experimenting, broader acceptance will depend on resolving volatility, security, and regulatory concerns.
Are we witnessing the birth of a new reserve standard—or is it still too speculative? (n/n)
What caught my eye today:
Countries are experimenting with Bitcoin as part of their national reserves.
Is this a practical diversification strategy, or a risky bet on the future? 🧵(1/n)
Impact if more nations adopt bitcoin
1️⃣ Reduced USD dominance in global trade.
2️⃣ Enhanced legitimacy for Bitcoin, driving adoption across sectors.
3️⃣ Reevaluation of gold’s role as the go-to "safe haven" asset. (4/n)
@epfobngcentral@LabourMinistry@mansukhmandviya no support from #EPFO department. The grievances are not being addressed. I have lost all my hard earned savings and there seems to be no mechanism to get it back.
@epfobngcentral the helpline system does not work. My claim has vanished in thin air with money not reaching the bank. Repeatedly have raised grievances and emails sent but I don’t get any response. How to address this? @mansukhmandviya@LabourMinistry
@sundarpichai Willow cld disrupt industries like cryptography, drug discovery, and climate modeling. it promises groundbreaking advancements, it also raises concerns about data security and the need for new encryption methods. The quantum era is here—are we ready? #QuantumComputing#Innovation
17-year-old Grandmaster D Gukesh is the Champion of FIDE Candidates Chess Tournament 2024!!
Gukesh scored 9/14 points to clinch the first place. A huge moment for Indian Chess! After Vishy Anand, he is only the second Indian player to win the Candidates Tournament.
With this amazing victory, Gukesh will challenge the reigning World Champion Ding Liren in the World Chess Championship match!
#chess #chessbaseindia #GukeshFTW #Candidates2024
श्री राम नवमी की पावन बेला में आज, श्री राम जन्मभूमि मंदिर में प्रभु श्री रामलला सरकार का दिव्य अभिषेक किया गया।
Divya Abhisheka of Prabhu Shri Ramlalla Sarkar at Shri Ram Janmabhoomi Mandir, on the pious ocassion of Shri Ram Navami.