Ketan Thakkar

Member, NSE | Entrepreuner | Student of the market | Opportunist | Optimist | Learning to learn | 🏃‍♂️ Marathoner |

[Investment Wisdom @InvestingCanons]

“Having no FOMO might be the most important investing skill.” — Morgan Housel

Knowing FOMO is risky is one thing. Resisting the pull when everyone's piling in is quite another.

Don't fear missing out. Fear losing discipline.

[Vala Afshar @ValaAfshar]

KOBE BRYANT’S 10 RULES:

Get better every single day
Prove them wrong
Work on your weaknesses
Execute what you practiced
Learn from greatness
Learn from both wins and losses
Practice mindfulness
Be ambitious
Believe in your team/yourself
Learn storytelling

[Sahil Bloom @SahilBloom]

Do hard things. Not because of the goal you're chasing, but because of who you become in the process of chasing it. The goal won't change you. The storm you endured to achieve it will.

24 mile marathon workout:

- First 12: 6:35 Pace
- Last 12: 6:18 Pace

I'm ready for a storm.

[Vikas Khemani @vikaskhemani]

To one and only, Rakesh Bhaiya. The one who was believer, learner, risk raker, risk manager, self aware, trader, investor, friend, family man, philanthropist, visionary and a big bull on life and India. He was #RARE. We miss him and his timeless wisdom.
Here is our tribute to the #legend
@utpalsheth
@carnelian_asset
@khemani_swati
@CNBCTV18Live
@NDTVProfitAlpha
@ETNOWlive
@nikunjdalmia
@niraj_shah @_prashantnair @_soniashenoy @ShereenBhan
@AnilSinghvi_
@ZeeBusiness
@_anujsinghal
@CNBC_Awaaz @LuckyInvest_ARK
@narendramodi

[Sahil Bloom @SahilBloom]

A mentor once told me this: You don't plan your future. You plan your actions today, and those actions create your future. I’ll never forget that.

[RS @WithRitesh]

STT collections

2021-22: 21,000 crore

2022-23: 34,000 crore

2023-24: 48,000 crore

2024-25: 53,300 crore

2025-26: 57,522 crore

April 1, 2026 - Aug 10, 2026: 33,824 crore

Possibly, this fiscal, STT will cross 85,000 crore.

Still no rollback on LTCG?

We all know STT was introduced in 2004 by BJP in place of LTCG.

LTCG was brought back by BJP in 2018.

Then both the taxes have been further increased.

This is a breach of trust and very unfair for retail market participants.

@FinMinIndia @nsitharamanoffc

I understand, no point in cribbing, but still…

[Investment Wisdom @InvestingCanons]

Charlie Munger:

“It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.”

[Sidharth @Cloudwatch199]

10–20% reservation to uplift historically disadvantaged communities is one thing.

But when nearly 75% of seats are reserved and only 25% is left for open competition, stop calling it “upliftment.”

It’s institutionalized exclusion.

You don’t build equality by making merit the exception instead of the rule. You weaken competition, discourage excellence, and hold India back in the global race.

That’s not social justice.

That’s discrimination by design.

[Ian Cassel @iancassel]

You learn from hindsight and get paid for foresight.

[Stijn Noorman @stijnnoorman]

Dumb people are impressed by complexity.

Smart people are impressed by simplicity.

[Lakshmi Iyer @Lakshmi1876]

Pic(k) of the day

Yes of course !

[Dinesh @FactswithDinesh]

RBI has fact checked Bloomberg and Bloomberg shamelessly accepting it without apologising and it’s high time for govt to take action against such media who deliberately spread fake news against India.

[My Value Picks @myvaluepicks]

Delayed Gratification!!

[Vijay Kedia @VijayKedia1]

Respected @nsitharaman ji and @FinMinIndia ,

Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.

A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.

India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.

The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.

Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.

India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.

Respectfully submitted.

[Investment Wisdom @InvestingCanons]

“I don’t have a preconceived notion about allocation. I let the opportunity dictate where I end up.”

— Li Lu

[Money Wisdom @MoneyWisdom_]

“Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you.”

— Morgan Housel

[Lakshmi Iyer @Lakshmi1876]

Pic(k) of the day

Bang on !

[My Value Picks @myvaluepicks]

Below middle class drives Toyotas. Very rich people drive Toyotas.
Upper middle class drives BMWs, Porsches & Lamborghinis.

[Anish Moonka @anishmoonka]

Warren Buffett spent thirty years calling airline stocks “a death trap for investors.” Then he bought every major US airline. Then he sold them all at the bottom of the COVID crash for billions in losses.

In a 1990 letter to investors in his company Berkshire Hathaway, Buffett wrote that humanity would have been better off if “a farsighted capitalist” had been present at Kitty Hawk in 1903 and shot Orville Wright down before he could fly the first plane. He’d already been burned once. In 1989 he put $358 million into US Airways. Five years later his stake was worth a quarter of what he paid for it. He called the whole thing a case of “sloppy analysis or hubris.”

In 2016 he forgot all of it. Berkshire poured $7 to $8 billion into Delta, American, Southwest, and United. By late 2019 he was Delta’s single largest shareholder.

When COVID hit he panicked. American Airlines stock had already crashed 63%. Delta was down 59%. He sold everything at the bottom in April 2020. Within weeks the airlines started recovering. A year later American and Southwest were up 80% from those lows. United and Delta were up 70%. If he had simply held on, his position would have been worth around $5 billion more.

At the 2020 shareholder meeting he said it plainly. “Our airline position was a mistake. Berkshire is worth less today because I took that position than if I hadn’t.”

Buffett’s other most repeated line is “be greedy when others are fearful.” He sold at the bottom of a crash while everyone else was selling too. He broke his airline rule and his rule against panic-selling in the same decision. Two of the most quoted principles in modern investing, both written by him, both ignored by him when it mattered most.

The most cited investor alive could see the trap clearly enough to warn the world about it for three decades. He still walked into it twice.