Vinay

[Vinay @vinne786]

“You are only entitled to the action, never to its fruits.” — Bhagavad Gita

[Market Rebellion @RebellioMarket]

Bill Ackman recently delivered a 44-minute masterclass on wealth creation, investing, and capital allocation—offering insights that many would argue are more practical and valuable than what is taught in most business schools.

[George Noble @gnoble79]

I was 26 years old when Peter Lynch handed me this.

April 28, 1983. I was the auto and retail analyst at Fidelity.

Peter was in his prime, on his way to building the greatest mutual fund track record in history:

29.2% annual returns for 13 YEARS STRAIGHT, growing Magellan from $18 million to $14 billion. The Babe Ruth of investing.

I'm looking at the principles he had typed up on a single sheet of paper that I've kept in my files for 42 years and I believe now is the perfect time to revisit them again.

Let me walk you through a few:

Rule 1B: "You need an edge to make money. Do not rely on a combination of hope and good luck."

Today's retail investor has no edge. He has Reddit, Robinhood, zero-DTE options and a TikTok algorithm pushing him into whatever stock just ripped 200% the day before.

That's hope and good luck wearing a fancy costume.

Rule 1E: "Purchase stocks like one would purchase a business."

Tesla trades at over 360 times earnings on a business deteriorating in real time, Oracle has $206 billion in liabilities against $39 billion in equity, MicroStrategy is a leveraged Bitcoin holding company priced like a software firm, and don't even get me started on SpaceX, that piece of garbage you'll be able to trade tomorrow...

Nobody in their right mind would buy these as actual businesses. They buy them as stories, narratives, and lottery tickets.

Peter would have called it the same way I do - these are not investments. They are speculations. GAMBLING.

Rule 1G: "Study the balance sheet and cash flow statement."

The hyperscalers spent over $380 billion on AI capex in 2025. Goldman says the measurable productivity payoff does not arrive until 2027 at the earliest.

Oracle just reported NEGATIVE $23.7 billion in free cash flow for fiscal 2026 while borrowing at a pace that would make a leveraged buyout firm nervous. The cash flow statements are screaming but nobody is reading them.

Rule 1I: "Avoid the long shot."

This one cuts the deepest.

The entire market has become a long shot.

OpenAI is projected to post roughly $74 billion in operating losses in 2028 ALONE while priced for transformation tomorrow. Bitcoin treasury companies are multiplying off thin air.

The retail investor of 2026 is making one long-shot bet after another and calling it a portfolio.

Rule 3A: "When the fundamentals change, sell your mistakes."

Tesla's fundamentals have changed.

California registrations are down 24% year over year and inventory days went from 10 to 27. Musk himself admitted on the last earnings call that Hardware 3 cannot achieve unsupervised FSD, breaking a promise made to 4 million customers.

The fundamentals have screamed change. But the stock is still at $385.

The mistakes are not being sold. They are literally being doubled down on with leverage.

Rule 3I: "A 30-50% profit in 12 months is great. Mediocre in three years."

Today's retail crowd expects 30-50% in a WEEK. Then they wonder why they get wiped out the second the hype stops.

And my favorite - Rule 3J: "Develop your own style and stick to it."

That is the entire game right there.

I developed mine sitting across the hall from Peter Lynch in 1983, watching him work, reading his notes, getting my own research handed back to me covered in his pencil marks. Then in 1984, my first full year managing money, I ran the #1 mutual fund in America. The Fidelity Overseas Fund was top 2 for the next six years running.

I did not get there by chasing narratives. I got there by following the sheet of paper you are looking at right now.

42 years later, this single page contains more wisdom than every Fintwit thread, CNBC segment, and Wall Street price target combined.

Peter retired in 1990 with the greatest mutual fund record in history. Then he sat down and wrote books explaining exactly how he did it.

Only a few "investors" these days read them.

And almost nobody is reading the balance sheets, the cash flow statements, or studying actual businesses today either.

They are chasing AI, crypto, and whatever pumped yesterday.

The wisdom on this page is timeless and it's more important than ever.

[Sacred Bharat @sacredbharat_]

Vipassana: The Journey Within

In a world full of noise, Vipassana teaches us the art of simply observing. By paying attention to our natural breath and inner experiences without judgment, we begin to understand ourselves at a deeper level.

This ancient meditation technique, rediscovered and shared by Gautama Buddha, is not about beliefs or rituals—it's about direct experience. Through regular practice, one learns to calm the mind, overcome negative patterns, develop clarity, and cultivate inner peace.

Vipassana reminds us that true transformation comes not from changing the world around us, but from understanding and purifying the mind within. As awareness grows, so do wisdom, compassion, balance, and the ability to live each moment with greater purpose and harmony.

The path to self-discovery begins with a single conscious breath.

[Neuron Powers 🧠 @neuronpowers]

The first 30 minutes after you wake up program your brain for the entire day.

73% of people sabotage it without even realizing it.

Here are 7 morning routines Neuroscience says work.

[Steve Burns @SJosephBurns]

The dangers of trading with greed.

1/2 🧵

[Diva Jain @DivaJain2]

Great piece by Karan. Instead of tinkering with rates/taxes etc which will only act as a palliative, it is time for GoI to show some boldness and orient policy making back towards growth from the current focus on stability.

[indianhistorypics @IndiaHistorypic]

1966 :: Veer Savarkar Passes Away

PM Indira Gandhi Describes Savarkar as a Great Figure of Contemporary India Whose Name Is a Byword For Daring and Patriotism

President Radha Krishnan and VP Zakir Hussain Also Pay Tributes

[Fitness Harbor @FitnessHarbor_]

Meet Chuando Tan: The man who reversed aging.

At 59 years old, he looks and performs better than people half his age.

His secret? A “longevity protocol” that beats brutal workouts.

Here’s how he’s doing it (& how you copy it too):

[Gaurav Dalmia @gdalmiathinks]

Good article from yesterday's Indian Express.

[Sushant Singh @SushantSin]

When someone like Ashok Gulati says that India faces a 1991 moment after 12 years of Modi as PM, you should realise how bad the situation is. Also, for someone who has been full of praise of policies of the govt, best to ignore suggestions for "reform". Reform is a loaded word.

[Diva Jain @DivaJain2]

Europe is trying to escape the Lock-In of America's tech giants and we are trying to embrace it harder :)

[Peter Agboola @baba_Omoloro]

eBooks.

WeLib: https://t.co/tPRAn1ua5Y
PDFDrive: https://t.co/QZ9gStEv1R
ManyBooks: https://t.co/YxnENywKwl
DigiLibraries: https://t.co/d6EPvwehJJ
BDE Books: https://t.co/GZRM39byPj
Ocean of PDF: https://t.co/6ZC0DOo2RP
Smashwords: https://t.co/QZANvLrBIG
Anna's Archive: https://t.co/gLS2u0FQG1
Project Gutenberg: https://t.co/lxuBnadF7X
Centsless Books: https://t.co/hdDTRMHsww

[Curious Minds @CuriousMindsHub]

The importance of stupidity in scientific research

[Scholarship for PhD @ScholarshipfPhd]

Why AI cannot do good science without humans

[Anurag Shukla @Anuraag_Shukla]

Sophia Smith Galer’s How to Kill a Language argues that language loss is cultural, ecological, and political erasure.

The review praises its personal, global account of minority tongues, showing that reviving them sustains memory, identity, health and resistance.

[Amitabh Kant @amitabhk87]

India’s fertilizer vulnerability is an energy security, fiscal stability and food security challenge.

Import dependence on natural gas, phosphates and potash keeps exposing farmers, subsidies and food security to global shocks. The way forward must combine nutrient-based pricing, better-targeted support, balanced fertilizer use and green ammonia.

I write in today’s Business Standard
@bsindia

https://t.co/cvd9TH8uHm

[Gaurav Dalmia @gdalmiathinks]

The coming Chinese takeover of the auto industry. First stop: Europe.

[Vivek Mashrani, CFA @MashraniVivek]

🚀
After 2 years using ChatGPT, I've switched to Claude and I can say it has multiplied my productivity by 10x.

Here are 10 prompts I use daily that have transformed my daily life, business and investing....it could do the same for you:

Bookmark this before you lose it🧵

[Diva Jain @DivaJain2]

Fundamental problem with sell side clowns cosplaying Soros like this Sharma fellow is that for all their intellectual pretensions, they can't even get basic data right - India never had 9% GDP growth with 1% fiscal deficit like this joker claims.