Chirag A.

[Muthukrishnan Dhandapani @dmuthuk]

I do not understand technicals, so I do not try to call breakouts, tops, or bottoms. I look at the market this way instead.

For a foreign investor, the Nifty PE on its own does not mean much. Some people say large caps are attractive because the PE is around 19 to 20.

The Nifty earnings yield is 5.2% today. The US 10 year Treasury pays 5.3%. Buying the Nifty means taking country risk, market risk, and currency risk. The US Treasury has none of those risks, and it pays slightly more.

From what I have read, foreign investors have usually been comfortable with India when the Nifty earnings yield is about 200 basis points, or 2% above the US 10 year treasury yield.

To get a gap that wide again, either the US 10 year would have to fall to about 3.2% with the Nifty yield unchanged, or the Nifty earnings yield would have to rise to about 7.3%, a PE of roughly 14, if the Treasury stays at 5.3%.

Covid was a very different setup. The US 10 year fell to about 0.6%, and the Nifty earnings yield was around 6%. The gap was roughly 500 basis points (5%) close to the widest this spread has been in 20 years.

Indian equities looked lucrative, and foreign money came in.

I do not see a similar reason for foreign investors to add to Indian large caps now.

On this comparison, the US 10 year is the better option for their money.

The future cannot be predicted, but the present can be read, and it points to a high hurdle for foreign inflows until that gap opens up again.

[Abhijeet Dipke @abhijeet_dipke]

Gandhi - SOUL of India
Ambedkar - BACKBONE of India
Nehru - MIND of India

You can never become like them.

[Muthukrishnan Dhandapani @dmuthuk]

"Over spending your income is the start of a terrible feedback loop. It deprives you of optionality, forces you into low margin decisions, and exposes you to unexpected shocks.

If you live well within your means, save consistently, and reinvest your surplus into productive assets, you build a fortress that protects your independence.

Living below your means is not just a financial strategy,it is the prerequisite for intellectual freedom."

- Charlie Munger

[Muthukrishnan Dhandapani @dmuthuk]

"It is a incredible blessing in life to be able to work with people you admire and respect.

Life is too short to spend your time managing difficult personalities, dealing with dishonest partners, or navigating toxic corporate environments.

If you maintain high personal standards, live within your means, and build a reputation for reliability, you earn the right to choose who you travel through life with."

- Charlie Munger

[Muthukrishnan Dhandapani @dmuthuk]

Warren Buffett once used a family letter to explain why he keeps so much cash sitting still.

His grandfather, Ernest, ran a grocery store in Omaha. He never finished high school.

In 1939 he wrote to his son Fred and Fred’s wife.

The letter was short and practical.

He had watched too many people get hurt because they had no cash on hand. When trouble came, they had to sell something at the wrong time just to pay a bill.

Ernest kept a separate pile of money so a sudden need would not force him to touch the money in the shop.

When Fred got married, he put $200 in an envelope with Fred’s name on it. Every year he added a little. After ten years the envelope held $1,000.

He told them to lock it in a safety deposit box, use it only if they really had to, and put it back as soon as they could.

Do not invest it, he said. The calm of knowing the money is there is worth more than the interest it might earn.

Years later, Buffett opened his aunt’s box and found the same kind of letter, still sitting next to $1,000 in cash.

He said the habit never left the family. Ernest’s envelope became Berkshire’s pile of cash.

The company keeps a large reserve, mostly in safe government bills, so a shock does not force a sale and a bargain can still be bought when others are short.

The grocer was not teaching finance. He was teaching survival. His grandson just made the envelope much bigger.

[Muthukrishnan Dhandapani @dmuthuk]

"The true liberation of accepting your finitude is that it releases you from the demand to be extraordinary.

When you drop the crushing expectation that your life must leave an indelible mark on history or fulfill some grand cosmic potential, the ordinary moments of existence recover their natural richness.

Preparing a meal, taking a walk, reading a book, or having an unhurried conversation with a friend cease to be minor details in the background of your life. They become the very substance of living well."

- Oliver Burkeman

[Muthukrishnan Dhandapani @dmuthuk]

"You have to be very careful with the concept of 'fairness' in business and life.

Life is not fair, and if you expect it to be, you are setting yourself up for constant resentment and poor decisions.

When a bad event happens, or when a competitor takes advantage of an unfair regulatory loop, complaining about it is completely useless.

You simply have to adapt to the reality of the situation and figure out the best rational step forward from where you actually are."

- Charlie Munger

[Mayank Raj @thetraderoom_]

A big lesson from today’s trading.

I was sitting on a very good profit, but greed took over. Instead of calling it a day, I kept trading with the mindset of pushing the profit to ₹70–80L.

The market reversed, and I ended up giving back almost all of my profits. Thankfully, I still closed the day slightly positive, but that’s not the point.

The lesson is simple: When you’ve made a solid return on the capital deployed, know when to stop. Close the day, protect your profits, and come back tomorrow with a fresh mind and a proper plan.

There will always be another trading day. Chasing “just a little more” can turn a great day into regret.

Be grateful for what the market gives you. Protect your profits. Follow your rules. Come back tomorrow. 📈

[FilmyKitty is SRK’s pet cat 🐾 @FilmyKitty]

I’ve got SRK for company in my hate to travel club

[Dr Jason Philip. M.S., MCh @Jasonphilip8]

For all of us old timers who were convinced that this country is going to the dogs, this post summarises it. Irrespective of your party affiliation, you must endorse that the gentleman on the left is an elected member of Parliament, & The Honourable LoP, equal in rank to a Cabinet Minister. He holds a constitutional post. When someone who has served our great Indian Army tweets like this u know how brainwashed this country is. There is no room for dissent anymore. Woe betide my beloved India!

[Muthukrishnan Dhandapani @dmuthuk]

I’m no Nostradamus.

I’ve been cautioning for the last two years about some of the possibilities I saw coming.

I’ll repeat it for the nth time.

Try your level best to create a safe reserve or emergency corpus that can cover three years of your family’s complete expenses.

Don’t borrow. No fresh loans.

Don’t take on long term commitments like real estate or a house purchase.

Don’t be too specific about jobs and roles. Now is the time to focus on ensuring income.

It’s not that the sky is going to fall.

The world has faced such crises in the past. It will see them in future too.

Doing these things would help you manage tough times financially and emotionally.

And good times will definitely be back in the future.

Such is the nature of cycles.

[Chirag A. @volume87issue2]

@Ms_Logical Hospitals

[Shabbir A Bashir @ShabbirABashir1]

Thought provoking good morning.
You may agree or disagree. But do think about this.

[Vivek Bajaj @vivbajaj]

🙏🪷Very scary, be careful. This scam can be brutal. You may lose all your financial capabilities within 30 minutes.🪷🙏

[MrsG @SonnetAndWine]

This video gave me goosebumps. Maybe RG does not fit into the typical image we have of politicians. Maybe he is too good a person to play the kind of politics that politics demands but that is exactly why he is so deeply adored. Maybe his kind of politics takes time to reach people and sink in but I genuinely believe that his goodness, his sincerity and everything he stands for will eventually work out beautifully for him.

#rgtwt

[Keith McCullough @KeithMcCullough]

INDIA: train wreck stock market down another -1.4% and we remain short of it

[justacricketlover @imkmalhotra]

Sanath Jayasuriya vs Glen McGrath

Battle of two greats of the games!!

Just see how Sanath smashed McGrath for fours

[Shekhar Dutt @DuttShekhar]

People were made to hate Congress

There was this mass campaign that congress is corrupt

And the bjp got into power to punish the corrupt

I voted for bjp
My entire family did

But then no one, who was accused of corruption, was ever found guilty and sent to jail

Most accused switched parties
They are still in power

But the hate for the congress continued
It felt unreal

The brain started feeling the hate was manufactured

So much so that right or wrong didn’t matter
What mattered was whom do you hate

The right or wrong got converted to love or hate

The loved ones stopped getting asked for accountability

All the accountability was for the ones being hated

The one that was being loved was always right
And the one being hated always wrong

In all this, logic suffered
India suffered

12 years, rush to today, the influencers are asking girls to keep an airgun to keep themselves safe

Ministers are seen slapping on camera and say they are justified in slapping, people who hate opposition are defending the minister

Honest IAS officers are pushed to margins for catering to people and for not catering to the egos of ministers

The wealth concentration in the hands of a few is peaking at the expense of not sharing the fruits of apparent growth with masses

Our top institutions enjoy the least trust
Raids on political opponents is a given
And the social unity at its lowest

All because people stopped seeing right as right and wrong as wrong and started seeing things as either being done by the one they love or the one they hate

Love was always right
Asking question to the loved ones became wrong

I don’t really know what’s the way out
Our votes now might not matter
Our dissent is being called anti national

The times seem only to become bleaker

And the only way to stop it is to hold the ones you love accountable .. they are more than the ones you love.. they are the government

And a lot of change can come if the ones who love ask questions

That’s the most nationalistic and loveable thing you could do for our country 🙏🙏

[Dr SHRADDHEY KATIYAR @Wegiveyouhealt1]

What we need less of:

Less brilliance.
Less noise disguised as wisdom.
Less rules.
Less hate.
Less government in every corner of life.
Less war.
Less instruction.
Less obsession with becoming “new men” and “new women.”
Less revolution.
Less rebellion for the sake of rebellion.
Less illness.
Less medicine when life itself can heal.
Less doctors when we can stay healthy.
Less of me.
Less of all of us trying to fix the world.

And what we need more of:

More jungle.
More silence.
More humanity.
More babies.
More animals.
More trees.
More spring.
More sunlight on our faces.
More unhurried mornings.
More sleep.
More conversations that go nowhere.
More hands held without a reason.
More connection.
More writing.
More poetry.

Perhaps we don’t need a newer world.

Perhaps we need to return to an older one.