Rahul

Had started the book by @johndoerr Measure What Matters, this Monday. It’s such an awesome read. Almost finishing it and getting all set to implement the OKR’s at my startup. Will be sharing my notes by next week. #BookReview #entreprenuer #OKR #measurewhatmatters

It’s true. The original reason for ending prices in .99 was not psychological, it was to make sure employees weren't stealing... and it starts with the cash register itself: In the 1870s, a saloon owner in Dayton was fed up with his bartenders pocketing cash and was desperate for a solution. While traveling by steamboat, he noted the mechanical counter that tracked how many times the ship’s propeller turned. He realized the same principle could track cash transactions... every sale increments a count, just like every propeller revolution. That insight led to his invention: "Ritty’s Incorruptible Cashier." Over time, they added a drawer and a bell and it became known as a Cash Register... and the name of the company became "National Cash Register" which you probably know as NCR, the company that still exists today (recently split into 2, worth a combined $4.5B) Every time a clerk rang up a sale, the drawer opened and the bell chimed. That sound told the owner money was (or wasn’t) going into the till. Merchants discovered that if they priced items at 49¢ or 99¢, the clerk had to open the drawer to make change, forcing the bell to ring and the sale to be recorded. Around this time in the late 1800s, prices began ending this way. The notion that $.99 feels cheaper than $1.00 didn’t come until much later. Marketing psychology picked up on it 50 years later, when professors started using terms like “left-digit anchoring” and consumer behavior reframed .99 pricing as a sales tactic rather than just an anti-theft device. NCR gave us more than cash registers... the company built modern sales culture and was a huge talent magnet, like the Salesforce and Ramp of its day. They created a formal sales school in 1887 to sell cash registers, complete with scripts, objection manuals, territories, quotas, and pep talks. They called it the “West Point of American business,” because it was known to be a talent magnet, producing executives who spread these practices across corporate America. In 1912, NCR was indicted for antitrust violations. Their star salesman was Thomas J. Watson, who was convicted and then fired from NCR. He took NCR’s sales playbook to a small company called the "Computing-Tabulating-Recording Company" and became its CEO. He took the NCR sales model into beast mode - expanding internationally and changing the name of the company to "International Business Machines" (IBM) to reflect that. A bunch of NCR disciples ended up at other prominent places, like Kettering at GM. Kind of wild that after 155 years they are still selling cash registers. anyway long way of saying to the haters in the comments that this poster is correct.

Recently, I had the privilege of addressing students, parents, and teachers at St. Mary’s, Pune. (smspune.com). Eight short stories and one message: Resilience + curiosity + choices = compounding for life. These lessons taught at @FLAMEUniversity extend beyond exams, benefiting students, parents, teachers, and society at large. Transcript: flame.edu.in/pdfs/fil/artic…

@DivaJain2 @grok which book is this from

There is a reason why manufacturing electronics in high cost locations does not turn out well.

@chiragbarjatya Are there enough people to pay high gym membership fees for this kind of experience?

Is anyone building a gym with an ambient temperature between 16-20 Degrees Celsius in Pune?

@Ajain112 Completely agree with this. Every failure teaches you something and with every passing year you become a more rational decision maker.

I think most entrepreneurs are extremely emotional people and actually are bad at making rational decisions cos their emotions hinder with it. They become non emotional only after failing many times.

@kmr_dilip Ohh sorry. Missed reading that your PB is 1.22 for a half.

@kmr_dilip Congratulations Dilip for a smashing race. 1.26 hr is truly commendable. Was it your PB ? I too ran the FM on Sunday and I must say the weather was just perfect to achieve one’s PB.

Ran a Half Marathon in 1hr 26 mins last Sunday. Put in four weeks of training . Here’s a breakdown if you are an endurance enthusiast. First some context- My personal best in marathon is 2:55 & in Half marathon it’s 1:22. So, I’m not new to this and have some history.

@Rainmaker1973 Massimo wishing you well and a speedy recovery ❤️‍🩹🙏🏼

I have to stop posting for some days. 1-2, maybe 3-4. My transplanted kidney is about to definitely fail. I hope to be back soon. It’s more about planning what I call ‘the final diagnostic’. Thanks for following and in case you want to support, consider subscribing. Thanks.

@Ajay_Bagga Infact I am quite amazed while people flew to UAE to experience the concert wherein in Mumbai itself the experience was an unforgettable one.

@Ajay_Bagga Absolutely untrue. Had one of the best experiences at the concert. The area where there was standing crowd was covered properly with white matting so no question of dust on the ground. The crowd was so well behaved and people could move around the entire stadium w/o any issue.

Close friends and their 10 year daughter. Went for a famous concert. Rs 45,000 tickets. Took 3 hours to reach. Huge pall of dust on the ground. Drunk men all around. Had to stand for the concert at the back . Constant jostling by drunken louts. Came back quite disappointed, even though the concert was great , the experience was below par. That is why most friends are flying to attend concerts in the UAE. Much better experience. Families can enjoy .

Photos i Clicked of the Atal Setu Mumbai One year Anniversary to this Engineering Marvel in Mumbai Bharat India's longest Sea Bridge

Photos I clicked of Mumbai City at Night 🌙

@chiragbarjatya Excellent thread @chiragbarjatya. Thanks for highlighting the new way of measuring obesity.

Is BMI the best way to measure obesity? A new paper from 55 experts around the world says NO. Find out why they are ditching BMI and what to consider instead. Save this thread & read to learn more about obesity. 👇

@WallStreetMav 🤣🤣🤣🤣

OnlyFans Pakistan.

@IshanTanna1 Give credit to this article from Forbes where u took all the information. fortuneindia.com/enterprise/how…

The incredible story of Vishal Mega Mart's $6B IPO isn't just about numbers - it's a tale of dreams, failure, and redemption that shows how some businesses must die to truly live. Let me break down this fascinating Indian retail saga... (1/25) Thread 🧵

@Iamsamirarora Sir your sense of humor is killer 😂😂

If they buy all these things, how will they do SIP?

IMF raises India's growth projections for 2024 to 6.8% and 6.5% for 2025

@n_karkare 🤣🤣🤣

Forget running up hills, you can do zone 5 heart rate training using a mobile or PC by just registering for the Satara Hill Half Marathon. Slow pages, server crashes, confusing errors, you see it all in the 1 hour that you spend trying to register for a limited seat event!

Now that India's strong growth performance is no longer in doubt, let me deal with some common questions raised about India's economic performance: "FDI is going to Vietnam and not coming to India"; "Bangladesh now has a higher per capita income" and so on. 1/n