6/n… Since Music is a commodity that is not exclusive to $SPOT, a better UX that exponentially gets better, gradually wins. SPOT keeps attracting more users, and that will keep the existing labels (a.k.a music suppliers). Music is a commodity; Music Streaming is not!

I really think $DIS has hit its ATHs. I don’t see it ever crossing a marketcap of $370B that it touched in March 2021.

Rishi Gosalia Alex Morris (TSOH Investment Research) DIS’s highest ROIC EVER is 19% in a year. NFLX’s is >25% average. I could be wrong, but I see a high probability of NFLX reaching >$1T and DIS staying where it is with so much legacy stuff in the next decade.

The optimum is probably to be a man who strives ruthlessly hard for success, achieves it by forming systems that make it easy and free up your time, then finding a woman who reminds you how to enjoy life and take pleasure in the present moment. Forces you to learn how to play,

SmAlL CaPs wIlL bEcOmE LaRgE CaPs.

This is exactly what you say when you haven’t read his letters. Rather, Buffett has no secrets left to reveal. Graham’s and Buffet’s principles are THE insights.

$NVDA has added half of India’s GDP to its marketcap in <3 months. $2T to $4T

People of Indian Origin in the US 5.1M (1.5% of US pop) Pay 5–6% of all US income taxes 78% have a bachelor’s or higher (US avg: 36%) 16 Fortune 500 CEOs Founded 11% of US unicorns (72/648) Own 60% of US hotels 270K students spend $10B/y 22,000 Indian-origin profs in US colleges

Just try ex. growth numbers for all your stock picks. Each one! Basic Math Nothing crazy You can slap all the growth assumptions you want, later. But just with little mathematical introspection, you get some reality check, and your outcomes begin to improve.

"Your investment loss of a million dollars won’t put the label of incompetence on your forehead. I think of failure as a glass of spirit that is bitter but it gives you some vitality. Failure is either a stepping stone or a tombstone." ~John D. Rockefeller’s Letters to his Son,

Barbell In investing, we try to safeguard most of our capital (>90%), then try investing in high-upside investments. It’s how we believe we won’t blow up, and do reasonably over time. Both are important to consistently justify our existence as an asset manager. Chasing

One of my pet peeves in personal finance is not particularly “contrarian” in conversation, but becomes radical when you observe how people actually behave. In the US, home loans make sense because EMIs are no more than 50% higher than the rent. In India, almost every form of

I don't judge a fund house by returns. I judge them by their honesty and process. i need to trust them with my money first , returns follow later. don't risk ur 100% of principal for 2% higher returns. V few understand this.

$DIS down 12% over last 5 years. Absolute disaster of an equity.

Jerry Capital The fact that Nelson Peltz couldn’t get enough support to join $DIS board with that kind of underperformance tells you all you need to know about the state of corporate governance and entrenchment.

"During the tech bubble, the concentration of the top 10 largest stocks at 27% was nearly 2x above its earnings contribution...Today, the weight of the top 10 stocks relative to their earnings contribution is much more aligned at 35% and 32%, respectively."

Did the President of the United States not just host Vladimir Putin? Did the secretary of State not just say "no more sanctions" right now? Is the US not telling Kyiv to accommodate some of Moscow's demands? And you wonder why this is viewed in Delhi as hypocrisy and oddly timed?

CIO Ramneek Kundra of DSP Pension Fund on conviction: "Conviction cannot be borrowed, and it cannot be built on a shaky foundation." Check out our latest interview with Ramneek 🇮🇳 below 👇