Wednesday markets

Photos I Took in Mumbai Rains.

Miss the good old days when Basant Ji shared his derivatives portfolio performance daily, and Muthu Ji posted updates on every change in his stock portfolio.

internalise these before it’s too late. you don’t get better at trading by keeping at it. losses are not the price of admission. good traders survive is not the same as survival will make you a good trader. lots bleed for years, the smart give up, the poor go broke. losses

if grift has made you rich, you are not going to stop cos you have money now. a rich grifter is the worst.

S&P 500 in gold terms (blue line) is roughly flat over the last 53 years

i have nothing against Quick Multi-bagger Investments. but as Voltaire said about the Holy Roman Empire: it was neither holy, nor Roman, nor an empire.

Nifty IT is also the AI pessimism trade. and by most measures AI optimism has crossed over a local maxima.

shcomp (China) index above 3800 for the first time in 10 years. if it happens to nifty, will you have the patience…

modern hotel lobbies have become the aesthetic of choice of rich Indian houses interior design 🤦🏽

market timing works, you are just doing it wrong

Saturday markets

Hand stitched boat shoes. ⛴️

Instacart is the public r&d lab for grocery delivery “it took us 100 million orders before we were able to get to positive unit economics” with the learnings a new competitor is going to get there in 10 million orders.

Bogle in 2015 “all in all, you're talking about a really tough decade for investors.” morningstar.com/markets/tough-…

stock selection is hard, buy an ETF they said… expect a repeat in India, we are already seeing more NFOs then IPOs

keep some cash for the 6th one too

India now spends ₹2 trillion/year (0.6% of GDP) on cash transfers to 130M+ women—yet we know little about their effects. In a new paper (bit.ly/4mE6EtW), we present findings from the first large-scale RCT of maternal cash transfers in India. Key results in🧵(1/10)

So far, there’s little evidence that AI is having a meaningful impact on the labor market at scale. However, there are signs of localized impacts in areas like freelancing and early-career software developers.

suddenly everyone is talking gold, almost feels like a tipping point