Nirav Doshi

@Iamsamirarora Good concept.. Let mother-in-law say it's what the bride secretly wanted. She knows Gen Z won't wear gold, and it'll just sit in a locker, so she gave something that grows over time—a real heritage.

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@RohithSundares1 @singhvarun @RameshwaramCafe Yes

@niravdoshi1984 @singhvarun @RameshwaramCafe Samrat?

Visited the much-hyped @RameshwaramCafe in Mumbai. They recommended Aamras, which I ordered only to regret it later. When it arrived the fragrance of Hapus was missing, in Mumbai restaurants, we are always served Alphonso Aamras, but this was not Hapus Aam, and the staff couldn’t even tell me which mango they used. The taste was bad and I told the staff too when they asked for review. Though their Bisibele Bhath was decent, I still prefer Ramashray. Even the filter coffee, I think Matunga serves better.

@Iamsamirarora Just a query....if fund is having cash position of more than 10 percent...why is it open for subscription.....if it is not deploying existing cash?

Since this tweet below confused so many people let me explain quickly: There are many comments on how people having cash in today's markets will have a feast. What I am saying is that people sitting on cash have already had a feast by saving money thus far and there is no additional feast in being able to buy now. Let us take 2 people : Each has 200 and one is fully invested and one 50% invested. Market falls 20%. First person now has 160. Second person has 180. So 2nd person is obviously and rightly ahead of first and this is already captured in the returns of the two today (similarly in a fund's NAV today). 2nd person now decides to invest all his money. So he is also now fully invested. Hereon if markets goes up/down x% both will go up down the same going forward. There is no additional benefit. Buying cheaply now is NOT a SECOND benefit- the benefit is already captured in your return/NAV saving so far ( it will obviously help in compounding for the rest of the life but the gain has already been captured). Note: I have removed all stock selection impacts otherwise answer for every discussion in markets becomes "it depends on what one chooses to buy/not buy" .

A Danish scientist counted bugs on the same windshield, same road, same conditions, every year for 20 years. By year 20, 80% of the insects were gone. In Germany, a group of volunteer bug scientists did something even bigger. They set traps in 63 nature reserves, not farms, protected land, and weighed everything they caught. Same traps, same method, 27 years straight. The total weight of flying bugs dropped 76%. In midsummer, when insects should be peaking, it was 82% gone. A follow-up in 2020 and 2021 checked again. No recovery. In the UK, they literally ask drivers to count splats on their license plates after a trip. The 2024 count came back 63% lower than just 2021. Three years. A 2020 study pulled together 166 surveys from 1,676 locations around the world. Land insects are disappearing at roughly 9% every ten years. Here’s where it hits your plate. About 75% of the food crops we grow depend on insects to pollinate them, everything from apples to almonds to coffee. One 2025 study modeled what a full pollinator collapse would look like: food prices jump 30%, the global economy takes a $729 billion hit, and the world loses 8% of its Vitamin A supply. Birds are already feeling it. North America has lost 2.9 billion birds since 1970. A study from just weeks ago found half of 261 bird species on the continent are now in serious decline, and the losses are speeding up in farming regions. The birds that eat insects lost 2.9 billion. The birds that don’t eat insects? They gained 26 million. That ratio tells the whole story. One of the German researchers behind the 27-year study drives a Land Rover. He says it has the aerodynamics of a refrigerator. It stays clean now.

@Iamsamirarora @Sanjay__Bakshi So as an investor in a fund that held cash during the fall, the downside protection is already captured in the current NAV. Once deployed, returns converge with fully invested funds. But if cash isn’t deployed timely, the cash advantage can quickly become a drag....

No issue with what you are saying but I already clarified that the benefit is already captured in your return/NAV saving so far ( it will obviously help in compounding for the rest of the life...) I am coming from the following angle: Now look at it as if this was a fund. Fund outperformed due to sitting on cash and its NAV is higher than it would be otherwise. Going forward the growth in NAV (if it now invests 100%) would be same as another fund which was already fully invested. The fact that fund outperformed in down market in last few months (if it did by sitting on cash) is already captured in the current NAV but does not help future returns for new investors or even existing investors going forward (just because you are buying in a depressed market as compared to funds fully invested already). You cannot celebrate the same thing twice.

If your friends aren’t talking about: - Having kids - Growing a garden - Sunday dinner with your community - Raising critical thinkers It’s time to find new friends.

@aakashgupta @devinamehra Isn't it weird ...we are already somehow doing child vs AI...

A human consumes about 2,000 calories per day. Over 20 years, that’s roughly 17,000 kWh of total food energy. Training GPT-4 consumed an estimated 50 GWh of electricity. That’s 3,000 humans worth of “training energy” for a single model run. And GPT-4 is already dead. OpenAI retired GPT-4o from ChatGPT on February 13th. The model that took 50 GWh to train got less than two years of flagship status before replacement. The human you spent 17,000 kWh “training” for 20 years produces economic output for the next 40 to 60 years. The amortization window on GPT-4 was shorter than a car lease. Now look at what replaced it. GPT-5.2, released December 2025, is OpenAI’s current default. The GPT-5 series consumes an estimated 18 Wh per average query according to the University of Rhode Island’s AI Lab, up to 40 Wh for extended reasoning. That’s 8.6 times more electricity per response than GPT-4. With 2.5 billion queries hitting ChatGPT daily and GPT-5.2 now the default model, the inference math gets staggering fast. Even at a blended average well below 18 Wh, you’re looking at daily electricity consumption that could power over a million American households. This is what Altman is actually doing. OpenAI hit $13 billion in annual recurring revenue but still isn’t profitable. They need you to think of AI energy consumption as natural and inevitable, the same way you think about feeding a child, because the alternative framing is that they’re burning through enough electricity to rival small countries while racing to build 1-gigawatt Stargate data centers. The food analogy makes the energy costs feel biological and unavoidable instead of what they are: an engineering and business choice that scales with every model generation. The comparison sounds clever at a fireside chat in India. It falls apart the second you do the arithmetic.

@KommawarSwapnil But if the money was paid by American consumer / importer ( as was widely believed)..refund would be to American consumer not to the exporter..and this is how indirect tax would work

The U.S. Supreme Court said Trump’s tariffs were illegal. Now: • Hundreds of companies are filing refund cases. • The U.S. government may have to return $150B+ collected from tariffs. • Businesses want their money back If refunds happen, it means huge cash coming back into the system - something markets were not expecting.

@VictorJonesX @davidbateman Early ages kingdoms used gold....and masses used silver as currencies.

@davidbateman Agreed. But what about the massive central bank holdings of gold, and trade being settled in gold? You expect them to shift toward silver?

People won’t switch to silver because gold gets too expensive. They will switch to silver because they notice silver crushes gold’s returns. There’s plenty of gold. There’s probably 1/100th the silver as there is gold in economic terms. Society is far more dependent on silver, and it’s almost gone

@Iamsamirarora @Flipkart Give us the list of your all tym favorites. It will be useful 🙏

It is that time of the year again. I will be giving out about 50 to 75 signed (signed by me not by the author 😀) copies of one of my all time favourite investing books to my X community. (Not the stupid, 3rd rate pirated books from @Flipkart so not to worry). I will select the people getting the book on the basis of replies to this tweet.

Old timers got it right. And when you're poor, you don't have much choice. So our parents, their parents, did what they thought best back in the day. Bought their house the hard way - slogging, saving, without home loan, borrowing from friends and family. Bought gold because gold is gold. Didn't understand stock market so stayed away. Bought an insurance policy because LIC is LIC and you get bonus. Look what it got them. Their kids got a home. That's the best security in a poor country. No home loan. They got the LIC policy. They got gold. All great products worth security and when you're poor, security means a lot. Sure they missed the Infosys IPO but they also missed so many scams. What did they do? They sent their kids to schools, colleges, and in a liberalised open India, these kids became VP, senior VP, in banks or IT firms and made more money than their parents and bought even bigger homes. And got very lucky with ESOPs. This is what education and economic reforms got for them. Now their kids. Gen Z. With the security of parents who worked in MNCs, in the comfort of their 4BHK in Lower Parel. They write long posts on social media about how old India didn't have choice and invested in "garbage" like LIC policies, FD, gold, etc. Whereas the cool way is to log on to an app and invest in an index fund. Sharam karo saalon. Your grandparents and your parents saw what the real India was. Have some respect. For likes and follows you're ignoring and forgetting what India used to be and how prior generations gave their best and came out with results they're proud of. Sharam karo.

@VishnuNDTV In such scenarios existing ticket holders should be allowed to sell their ticket...this would have ensured transfer of ticket from non urgent traveler to urgent traveler and both would have gain something.

Govt steps in to regulate airfares post the predatory pricing that we saw post the IndiGo meltdown.

@DGCAIndia Allow ticket holders to sell tickets at market rates...increase supply of tickets to reduce price

@AshishMeher7 Agreed...both cases taxes are 12.5 percent for long term investors.. but indian fund needs to keep foreign equity exposure less than 35 percent else long term gets taxed at slab rate...no such restriction for gift city.

💥 Unpopular Opinion: If you think the smartest way to invest globally is through GIFT City, you might be walking into a trap without realising it. Everyone loves the tax-free marketing. But here’s the part nobody tells you 👇 1️⃣ “Tax-free” isn’t tax-free at all. The AIF/AMC pays 42.74% on short-term gains & 14.95% on long-term gains before money reaches you. Your control = 0. 2️⃣ Compounding gets killed. The fund pays tax every year… so your wealth engine slows down even before it starts. 3️⃣ You lose set-off benefits. Your own capital losses can’t be adjusted against AIF gains. Silent leak… big impact. 4️⃣ No benefit of lower tax slabs. Even if you qualify for 0% capital gains tax, the AIF has already paid tax on your behalf. 5️⃣ And the cost? Brutal. LRS remittance in USD, 20% TCS above ₹10 lakh, 1% forex conversion charges, 2%+ fund management fees. All before your money even begins its journey. ✔️ Truth: For most investors, global exposure via Indian Mutual Funds is cleaner, cheaper, and far more tax-efficient. To save you time, here’s the full list of Indian MFs still accepting investments into overseas funds 👇 (image attached) If you’re planning global investing in 2025, read this twice. It may save you lakhs.

@ActusDei @NoddyzBrother @PratikM82012554 Now gratuity will be part of ctc 🤦

@NoddyzBrother @PratikM82012554 Not permanent. Anyone on a contract with an end date

The Govt has notified 4 labour codes. Will change gratuity. Gratuity = Last drawn wage*(15/26)*Yrs of service. Companies had so far kept wage (for gratuity) as small part of CTC. But the code says it must be > 50% of CTC. So expect a hike in gratuity. share.google/dbY9QrezkdA5rv…

@jawharsircar Working Hours & Overtime: Normal working hours capped at 8 hours/day and 48 hours/week. Overtime allowed only with worker consent and paid at twice the regular rate.

PM suddenly announced that the Labour Code (4 Labour Laws passed in parliament in 2019-20) are to implemented immediately. These are some reasons why Trade Unions have opposed it and govt stopped implementing these laws for 5-6 years. Be prepared for major Labour Unrest!

@ActusDei @SanketD_ET Global

Paying 20% more for an overseas ETFs is madness! In LRS, & even after 1% currency cost, you get the same funf for 19% less. TCS is adjusted vs advance tax. Nice story by @SanketD_ET share.google/mBwFs7Vy3xs615…. Comment global to join our community - we will help you navigate this

@Tijori1 From chart - US import from China at peak seems to be 11 bn. India is currently exporting 4 bn...so gap of 7bn is missed opportunity to some other country?

Big News - India smartphone exports to the US finally overtakes China. It happened in July 2025! This is a huge milestone Source: Canalys, PIB