Chinmay

This belongs to all of us.

@ganeshsonawane QCom is ops heavy. Ops has been a strength of Az but their crater-like gaps in category management and brand relationships blunt out the Ops advantage. That’s how things stand today.

One reason I am bullish on Amazon Now is that it has an enormous unfair advantage: data. It knows exactly which products from which brands actually work in specific markets and contexts. Meanwhile, most quick commerce companies are still building product assortments based on a) the judgment of category managers and b) how strong a brand’s relationship is with those category managers.

@Tweeter_wapsi Terrific. Well done.

Getting all 4 predictions right.. In TN also, underestimated the "Vijay wave" magnitude, but still seems to be getting my postpoll HUNG HOUSE prediction right! Scoe: 5/5

34 players have claimed a 5w haul in the IPL. 18 players have a hattrick in the IPL. 15 players have won the MVP award. 3 players have 200+ wickets in the IPL . 60 players have a century in the IPL. 109 players have 1000+ runs in the IPL. Sunil Narine, the only name common in all these lists.

@avataram IIRC, he wrote the exam in Hindi

Those cheeky "craziest facts" twist real history. Context for each: 1. Kashmir still with India coz Radcliffe artistic: Cyril Radcliffe, a British lawyer who'd never visited India, drew the 1947 Partition Line in 5 weeks on crude maps. Kashmir (a princely state) wasn't directly split; its maharaja acceded to India amid the chaos, fueling the dispute. 2. India not French colony coz Siraj Daula forgot covers for rains: Battle of Plassey, 1757. Nawab Siraj ud-Daulah's army left gunpowder uncovered; a sudden rain soaked it. British (under Clive) had tarps ready and won. French backed Siraj—British victory launched the Raj. 3. Freak arrow delayed Hindu rule by centuries: Second Battle of Panipat, 1556. Hindu general Hemu (Vikramaditya) was winning against Mughals when an arrow struck his eye. His army panicked; Akbar's forces triumphed, solidifying Mughal rule. 4. Simple No by one M king to other saved India from Genghis Khan: 1221. Mamluk Sultan Iltutmish of Delhi refused asylum to Jalaluddin Mangburni (Khwarazm prince fleeing Genghis). Fearing invasion, he said no—Genghis turned back at the Indus without hitting the Sultanate.

@CAamanmittal For a commoditised service, this will always be the case. What differentiated service are you offering to charge a premium?

A relative of my client today called me for 4 Networth Certificates of his family for giving it to the bank. I saw the ITR & Balance Sheet as on 31.03.2025, each having an Income of more than 50 Lakhs and Capital Balance of more than 15 Crore. I quoted 15k for each certificate. What the person said actually shocked me. "He said our regular CA has quoted 5k for each certificate which I felt was high so I had contacted you and you are quoting much higher fees" I simply said please get it done from your regular CA, I can't lower it. Some few points I noticed in this case: 1. The client isn't loyal to anyone, if the other CA quotes a Rs 1000 less client will go there. 2. People earning in crores, still try to get a discount of Rs 1000/- or 2000/- 3. People nowadays to save a very few bucks can share their financial data with anyone & everyone. #CA_Practice

Happy birthday to the @undertaker! Yes, you burned down the family home, encased my real father, Paul Bearer, in concrete, and set me on fire...a couple of times...but otherwise you're the best big brother anyone could ever hope for!

@mvinod1984 @ravihanda Last 10 year data - Past returns are no indicator of future returns. Fund managers can change. I hardly know fund managers who have consistently beaten index for > 10 years. Eg. Axis was a favourite 5 years ago. See the performance of Axis equity MF now.

@Chinmaestro @ravihanda Filter through mutual funds data over the last 10 years, look for a good fund manager and compare it with benchmark returns.. See the track record and select per your requirement

Why do financial advisors (Mutual Fund Distributors / RIAs / apps / finfluencers) recommend active funds? There are broadly three reasons. First, money. A big part of the reason is simply that this model helps them make money. If an advisor just tells you to buy a Nifty 50 or Nifty 500 index fund, you are unlikely to go back to them again. You might even tell your friends that the advisor simply recommends index funds and that they should do the same. That eliminates the perceived utility of the advisor in the eyes of clients who are looking for someone to help them make more money from the market. Second, it keeps them relevant. If the solution is simple, the advisor’s role disappears. By recommending multiple funds, switching between them, and monitoring them, they create the impression that there is ongoing expertise involved. Third, some advisors genuinely believe they can generate alpha. There are many advisors who sincerely believe they can beat the market by selecting the right funds. However, even if there are occasional examples where a fund pick worked well, the reality is that consistent alpha generation does not usually come from selecting the right mutual fund or the right stock. Alpha, when it exists, usually comes from asset allocation, discipline, and staying invested, not from fund selection. The idea that an advisor can consistently select the right fund implies that they also know the right time to enter and the right time to exit, which is extremely difficult. No fund beats the index across all periods. Every fund has cycles where it performs above average and periods where it performs below average. What typically happens is that an advisor says: “I recommended this fund five years ago and it has beaten the index over the last five years.” But that logic is flawed because the period during which the fund performed well may not be the same period during which you will be invested going forward. When investors keep switching funds based on recent performance, they also incur capital gains taxes, which further reduces any small alpha that may have existed. Cost is another major issue. Index funds today are available at very low expense ratios, typically around 0.05% to 0.30% for direct plans. Actively managed funds, on the other hand, often cost 1% to 2%, and sometimes even more. If the investment is through regular plans, commissions can add another 0.5% to 1%. So when you compare direct index funds versus actively managed funds with distribution costs, it becomes extremely difficult for the active fund to consistently beat the index by a margin large enough to overcome those costs. That is the core reason why building a portfolio of 10–20 actively managed funds rarely works well over long periods. Some funds in that basket will beat the index and some will not. But since most funds fail to beat the index over long periods, the overall portfolio often ends up underperforming the index itself. That is why, for most investors, simply holding a broad market index fund is often the more sensible and effective approach over the long term.

@mvinod1984 @ravihanda If you have to choose THAT one well managed active fund today, how will you do it?

@ravihanda Not really, a well managed active fund can generate a considerable alpha over a 10 year period

5 years ago, it was a no-brainer to invest in the HDFC twins for consistent compounding. This is the biggest lesson that there are no evergreen stocks or there can’t be a ‘Buy and Forget’ strategy.

@prasannavishy In fact, a constant criticism that BJP has faced from its supporters is that it concedes way too much to its allies.

Just responding as an interested political watcher to the blatant lies Con guys like him keeps peddling. The BJP has had barely 4–5 long-term allies. Shiv Sena, Shiromani Akali Dal, Janata Dal (United), Biju Janata Dal and Asom Gana Parishad. It was the BJD that booted the BJP out of the alliance in 2009, after which the BJP spent the next 15 years painstakingly rebuilding in Odisha and eventually winning power. The Akali Dal walked out over the farm laws. Nitish Kumar’s JD(U) enjoyed unstinted BJP support whenever he was CM. Yet he broke the alliance twice, only to return each time. This time he quit on health grounds and to pass on the mantle to his son. In Maharashtra, it was the Shiv Sena that unilaterally ended the alliance in 2014, refusing to concede even 7–10 additional assembly seats. Despite that, it was allowed to comeback to the alliance with Dy CM and key ministries. Again in 2019, the BJP–Shiv Sena alliance swept the mandate together, only for the Sena to betray it by tying up with the Congress and NCP. As for the AGP, it had already collapsed during the 15-year Congress rule in Assam. Even in TN, despite winning 19% vote share fighting alone, they are being daft and choosing to play second fiddle to ADMK and giving it another lease of life. So the claim that the BJP routinely “dumps allies” is not just such dubious analysis. A complete inversion of the political record.

@ShephaliBhatt Sometimes I feel they are doing us a big favour by not charging absurdly high fares. Only option we will have is to cancel our travel. Nothing in between.

Feels so pointless complaining about @IndiGo6E. The airline punishes you for choosing a sector where only they have flights. So now you have to live with the fact that a basic flight date change for senior citizens, for a flight a fortnight from now, cannot happen because just.

@atomicrabits @sushantsareen @divyamittal_IAS If he is serious on “contributing to the society”, he should put to use his BTech CSE IITK pedigree, build companies that will employs 1000s and add value to the economy. Far far more impact than an IAS can create.

@sushantsareen Sushant, u have no idea how much a grad like him can contribute on the field. I hope u look into @divyamittal_IAS Ma'am's works. Real problem are seemingly well learned, experienced people of age like you whose slacktivism for social cause often ends up discouraging diligence.

IIT comp science will now end up as a cop or customs officer. The fault is not this kids. He is doing what’s best for him because the system and structure he functions in disincentivises creativity, entrepreneurship, innovation. And then we wonder why India is not innovating fast enough, why manufacturing is suffering, where are the tech giants building tech that world wants. As long as something as unproductive and useless as IAS will be the dream of our best and brightest, and as long as these services remain the most privileged without any contribution whatsoever, the dream of viksit Bharat will remain a dream. Worse, we will keep asking for transfer of tech because we don’t want to put the brains and money into developing our own tech. Our brains will be happy pushing files, seeking and lobbying for their next posting, ensuring they get jobs where memsahib has a car to her disposal for shopping and a flat in Lutyens delhi as per their entitlement.

@LloydMathias @sardesairajdeep Rajdeep had done an incredible job at CNNIBN by bringing together the legendary expert panel for WC’11 - Sir Viv, Imran, Allan Border and Kumble

The man who played T20 before T20 was invented, turns 74 today. Happy birthday Sir Vivian Richards. This memory from the night before India’s 2011 ICC ODI World Cup win remains fresh. @sardesairajdeep #T20WorldCup

@NeelChhabra Best playground to gauge premium consumer sentiment is ecommerce. And there, the most premium consumers are on Blinkit. The rage Amul’s protein products are creating on Blinkit indicates Amul is capturing premium consumers equally well. That assumption of Parag isnt playing out.

The actor Charles Dance has some mindblowing genealogy: -He was born in 1946, making him 79 -His parents had an age gap of 37 years -His father Walter Dance was born in 1874 and served as a veteran of the Second Boer War -Walter died in his 70s when Charles was just 2 or 3 -He had a half-sister who was born in 1898 and died in 1993, nearly a century later -He has a living half-brother who will be 90 this year -His son Oliver was born in 1974, 100 years after his father's birth -His daughter Rebecca was born in 1980 and Dance's mother Eleanor lived until 1984 -He has *another* daughter from a separate relationship who was born in 2012, making her around 14 now -If his daughter Rose lives to 62, she will be 200 years removed from her grandfather

@grok Can you share the video or a link to it where Sachin Tendulkar recalls the dismissals about which a TV anchor asks him about?

"In 1996 World Cup, I was the only batsman in the team who didn't have a sticker on his bat. Others had 'Four Square' or 'Wills' and I didn't want to endorse a tobacco brand. Then in the middle of the tournament, the manager of a MNC came to me and suggested that if I put his company's sticker, they would pay me any amount I wanted. I turned it down because I didn't want any distractions in the middle of the World Cup. I was going well without it and I didn't want to risk my rhythm." - Sachin Tendulkar There have been a lot of cricketers who have been blessed with natural talent but no one materialised it as much as Sachin did and the aforesaid words describe why he was able to do that! 🙏

This Headline was written back in 2006, when Sachin was 33 years of age and 17 years of International career old, from there till he retired at 40,added another 9220 runs with 25 100s and 48 50s at an average of 50.1 PS-This phase alone would be called a good career for anybody