Truemon

Entrepreneur & Investor by day, philosopher by night. I learn and share insights on investing, entrepreneurship and psychology.

[Truemon @truemonta]

Why an Index ETF is probably the smartest, laziest, and most easiest way to participate in the stock market. A thread for people who want long-term wealth not headaches of investing. 🧵 (1/9)

#FinTwit #Nifty #Sensex #PersonalFinance

[Sadaf Sayeed 🇮🇳 @Sadafsayeed]

AA- CRISIL rating will surely help @MuthootMicrofin to bring the Cost of funds down. It will improve our NIM.

[Truemon @truemonta]

@MoPNG_eSeva Direct messaged.

[Truemon @truemonta]

@HPCL Air filling machines not working in many pumps. Tried to complain on your site, but complaint portal is returning error. Tried reporting the site issue through website complaint section, that also not working. Everything related to "complaints" is out of service. Shame!

[Truemon @truemonta]

@theliverdoc @kapsology Doc, have you seen Balan yet..?

[Truemon @truemonta]

People debate #WarrenBuffett's investing style. But his wisdom on life, simplicity, integrity, that part is non-negotiable. The man is a philosopher with an equity portfolio.

[UDG @UDGCO]

Warren Buffett was asked about his morning routine and his famously unusual diet.

His answer was very Buffetty:

"I eat exactly what I like to eat. If I liked it on my sixth birthday when we had hot dogs and hamburgers and Coke and ice cream with chocolate, I still like it. And I don't care about anything subsequently that I discovered. I discovered it all by the time I was six."

When the interviewer pushed him on health, he didn't budge:

"If somebody offered me a deal when I was 20 and said you're gonna live one year longer, instead of living to 88 you live to 89, if you eat nothing but broccoli and Brussels sprouts and onions, I wouldn't take it. That last year probably won't be that good anyway."

He was then asked how much cash he carries. The man worth $130 billion said $400, mostly because his wife likes to use cash...

"My wife likes to use cash, so I just take home a chunk of cash every now and then. She doles it out. She looks at my billfold and sees whether all the hundreds are gone."

He's had the same American Express card since 1964. He pays cash 98% of the time. He eats like a six-year-old at a birthday party and has absolutely no plans to change.

A man who has spent seven decades optimising returns on every dollar has done zero optimisation on what he puts in his mouth. That might be the most Buffetty thing about Buffett.

— Warren Buffett @WarrenBuffett

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[Truemon @truemonta]

@StableInvestor Indeed. Further, a common trait all of them would have possessed is 'bold risk taking' ability. We only know the ones whose risks paid off, the countless failures are forgotten.

[Truemon @truemonta]

₹96.35 to a #dollar - 14% fall in 2 yrs.
FIIs pulling billions out. Costlier petrol. Costlier imports. BofA forecasting ₹98 by year end.
Every rupee that falls is a silent tax on 140 crore Indians.

#Rupee

[Truemon @truemonta]

Broad rally today (Banks, Pharma, Metals) but #IT is bleeding. With 50L+ jobs & $250B in exports, the structural shift in Indian IT needs more eyes.

The kicker? #Nifty rose 277 pts while #IndiaVIX jumped 3%+. Markets are rallying, but investors are very nervous.

#Sensex #TCS

[Truemon @truemonta]

@jaganmsna @Vivek_Investor FII coming back can stabilize INR. Will also help RBI to refill dollar reserves, and not to mention the capital and capex requirements of India Inc. It need not be sticky, the flow itself can help the economy big time.

[Truemon @truemonta]

@Vivek_Investor The problem is that everyone believes they are right from their own perspective. This raises the real question, which perspective is actually correct?

[Truemon @truemonta]

#Sensex plunged -1.92%. #Nifty down -1.83%. ₹16 lakh crore in market wealth wiped in just 4 days. #BankNifty down sharply. #NiftyIT crashed 4%, #TCS and #Infosys at 52-week lows. FII MTD May outflow at ₹19,509 crore. #Rupee at record lows. Brent above $107.
Grim outlook ahead!

[Truemon @truemonta]

@Iamsamirarora @Ajay_Bagga https://t.co/QERLhbPKnX

[B. Kolappan @kolappan]

The first one is a digitally altered page being wrongly presented as the front page of The Hindu on June 6, 1967. The second is the actual page released that day. This is what social media is capable of; it can even alter the front page of India's national English daily.

[Truemon @truemonta]

@devinamehra Your post reminded me of this different perspective by the late malayalam writer Sreenivasan. That’s all 🙂

[Truemon @truemonta]

@dmuthuk Why can’t we just love all living beings, irrespective of their nationality, caste, colour and creed?

[Truemon @truemonta]

@DrShergil @jaganmsna High temperature in Palakkad is because of a gap in Western Ghats. This 30-40km gap lets hot, dry winds from the Tamil Nadu plains enter directly into the district.

[Truemon @truemonta]

#FII pulled ₹39,224 crore from #IndianMarkets in Apr. #DII put in ₹29,696 crore. A net hole of nearly ₹10000 cr. #Nifty is holding above 24500. Tells you how resilient Indian household money has become, also tells recovery has limits till foreign money returns.

#Sensex #SIP

[Truemon @truemonta]

@SahilKapoor https://t.co/LOlHlSrejz

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US Government has begun refunding up to $166 billion in tariffs charged under President Trump after the Supreme Court ruled the policy unlawful.

Beginning today, businesses can file claims through a new customs system.

Over 330,000 importers across 53 million shipments are expected to be eligible.

Once approved, refunds plus interest will be paid within 60 to 90 days.

[Truemon @truemonta]

US seized Iranian cargo ship. The Strait is blocked again. Dow down 407 pts. Brent crude back near $100. Ceasefire expires tomorrow with no permanent deal in sight. #Nifty opens in an hour. Brace for a gap-down. Market cycle of escalation de-escalation continues
#Sensex #CrudeOil

[Truemon @truemonta]

Your memory is a monster; you forget, it doesn't. It simply files things away. It keeps things for you, or hides things from you, and summons them to your recall with a will of its own. You think you have a memory; but it has you!
- John Irving.

#MondayMotivation