alphaideas

Top IPOs of FY2026 alphaideas.in/2026/04/06/top…

India 10 Year G-Sec alphaideas.in/2026/04/06/ind…

Linkfest: 06 April, 2026 alphaideas.in/2026/04/06/lin… #linkfest

Incredible! Never knew the iconic RD Burman, Sushma Shreshtha (Poornima later on), Kishore Kumar song Jaane Tu Ya Jaane Na is such a cult in Algeria, even more popular than their national anthem! Such a cultural impact these songs used to have..

Charlie Munger's timeless answer to the question: If you could only hold 1 stock for the rest of your life, what would you look for?

This week, in Indore, Holkar dynasty of Marathas held their Uttaradhikari ceremony to appoint Prince Yeshwant Rao Holkar III as their titular head. Maratha noble houses under Holkars gave their support & blessings at Rajwada, Indore. Some might wonder how come they look white? Well, it is because super stylish last King of Holkar dynasty— HH Maharaja Yashwant Rao Holkar II married an American woman later known as Lady Fay Holkar. That started a while lineage in this Maratha house.

Turkey has sold 6 years worth of accumulated gold in 3 weeks: Erdogan has dumped a shocking 120 tons of gold (almost $20BN) since the war started, and 70 tons last week. It's amazing gold is not much lower, and begs the question: who is buying all the gold Turkey is selling?

Compound. Compound. Compound. A founder in his late 70s gave me that advice ~20 years ago. This week, he sold his company, Restaurant Depot, for $29B. You may not know the company, or its founder, 94-year-old Nathan “Natie” Kirsh. He isn’t exactly an avid social media user. An episode of Acquired or a chat with @HarryStebbings is overdue at this point. I remember pitching Natie on becoming an LP in Founder Collective when we first started. He passed saying he didn't do funds. But his advice, “Compound. Compound. Compound,” has stuck with me. Here’s what his advice about compounding looked like in practice: He got his start in his family’s milling business in Potchefstroom, South Africa. Then he crossed into Eswatini and built one from scratch. The lessons were compounded into the capital to buy a distribution company. The distribution company allowed Natie to pioneer a cash-and-carry model, think Costco without the polish, supplying small restaurants and shops at scale. The success compounded, and it became one of the largest food distribution businesses in southern Africa. In the 1970s, he took the same playbook to New York and started Jetro, selling bulk groceries to bodega owners. In the 1990s, he acquired Restaurant Depot and began rolling out stores. Lessons and leverage compounded, and eventually, there were 166 of them across the country. At one point, Warren Buffett tried to buy a stake. They couldn’t agree on terms, though it was a serious nod of respect from one legend of compounding to another. The fascinating thing about Natie’s story is that technology is almost non-existent in the telling. There’s real sophistication behind this business, decades of world-class execution, and a long list of smart decisions. Still, every business Natie built would be recognizable to a merchant 3,000 years ago. Buy low. Move goods. Repeat. His edge was perspective not invention. He bought Restaurant Depot at 63 after four decades of grinding, literally and figuratively. Thirty years later, just after his 94th birthday, he sold it for $29B. Compounding isn’t easy. The discipline to keep going, especially after decades of success, is rare. Failure forces change, but success typically breeds boredom. Most people want to move on. Natie kept grinding, from his start as a 20-year-old miller to a nonagenarian billionaire. I've carried his three words for nearly twenty years. With luck, I'll spend the next forty proving I was listening. I hope you do as well. Compound. Compound. Compound.

‘The golfer from Mara lago’ 🫢

Weekend Mega Linkfest: 02 April, 2026 alphaideas.in/2026/04/02/wee… #megalinkfest

Atlanta: Powerful Approval alphaideas.in/2026/04/02/atl…

Soaring Fuel Charges alphaideas.in/2026/04/02/soa…

Linkfest: 02 April, 2026 alphaideas.in/2026/04/02/lin… #linkfest

This is exactly the reason one should avoid selling just for tax purposes. I have learnt this lesson the hard way in in 2013. Imagine selling for tax harvesting and buying 5% higher. Defeats entire purpose. Sell if you anyways wanna sell. Selling for taxes is the worst reason to sell.

Clear Signal alphaideas.in/2026/04/01/cle…

Visited the LOHUM Research & Development (R&D) Centre and its Lithium and Cobalt Refinery facilities, at Greater Noida, Uttar Pradesh, today, reiterating the Government of India’s strong commitment towards securing critical minerals through innovation, recycling, and sustainable practices. The visit began at LOHUM's Research and Innovation Centre, where proprietary hydrometallurgical processes are developed and scaled from lab to pilot to industrial deployment, achieving lithium purity levels well above the industry average.

$ Strength Through War alphaideas.in/2026/04/01/str…

If you could travel back to 2015 -- let alone 2005 -- and explain that a founding leader of Al Qaeda in Syria will be made President with the help of the US and Israel, then warmly welcomed in the WH and western capitals, you'd be called a crazy anti-west conspiracy theorist.

Anthropic accidentally leaked their entire source code yesterday. What happened next is one of the most insane stories in tech history. > Anthropic pushed a software update for Claude Code at 4AM. > A debugging file was accidentally bundled inside it. > That file contained 512,000 lines of their proprietary source code. > A researcher named Chaofan Shou spotted it within minutes and posted the download link on X. > 21 million people have seen the thread. > The entire codebase was downloaded, copied and mirrored across GitHub before Anthropic's team had even woken up. > Anthropic pulled the package and started firing DMCA takedowns at every repo hosting it. > That's when a Korean developer named Sigrid Jin woke up at 4AM to his phone blowing up. > He is the most active Claude Code user in the world with the Wall Street Journal reporting he personally used 25 billion tokens last year. > His girlfriend was worried he'd get sued just for having the code on his machine. > So he did what any engineer would do. > He rewrote the entire thing in Python from scratch before sunrise. > Called it claw-code and Pushed it to GitHub. > A Python rewrite is a new creative work. DMCA can't touch it. > The repo hit 30,000 stars faster than any repository in GitHub history. > He wasn't satisfied. He started rewriting it again in Rust. > It now has 49,000 stars and 56,000 forks. > Someone mirrored the original to a decentralised platform with one message, "will never be taken down." > The code is now permanent. Anthropic cannot get it back. Anthropic built a system called Undercover Mode specifically to stop Claude from leaking internal secrets. Then they leaked their own source code themselves. You cannot make this up.

Linkfest: 01 April, 2026 alphaideas.in/2026/04/01/lin… #linkfest