Gaurav Rastogi

The average MF portfolio is 85% in equity and has a lifetime return of 9.6% p.a. 1. A lot of folks should just FD - less headache. 2. Pay for advice. Not to beat the index, but to beat the avg. 3. How bad are stock portfolio returns? So bad your broker won’t show it.

The Patek Cubitus of Ferrari's 🤦

Passive AUM in India just crossed ₹14.6 lakh crore. 18% of the industry, up from 6% in 2019. With more money invested in passive indices, it should, in theory make it easier for active managers to outperform because of lesser competition and higher predictability of flows!

Something must be done. This is a national tragedy. This is worse than the national team no longer qualifying for the World Cup. This is even worse than the death of Italian Cinema. Ferrari *is* Italy. Jony Ive can make slabs. He can't make cars. Give the job back to Pininfarina.

Gemini on Qwen 3.7 Max. Starting to feel the RSI? The 35-Hour Chip Kernel Experiment During its release, Alibaba showcased a stress test that went viral in Chinese engineering circles. The model was placed inside a sandboxed workspace linked to a new, undocumented hardware platform (the T-Head XuanWu M890 AI Chip) with zero prompt guidance or manual intervention. Over 35 continuous hours, Qwen3.7-Max executed 1,158 tool calls and 432 self-evaluations. It wrote, compiled, profile-tested, and repeatedly rewrote a production-grade SGLang Triton attention kernel. The resulting custom kernel achieved a 10x speedup over the official reference code. Engineers on forums noted that its ability to identify optimization bottlenecks after 30 hours of continuous operations represents "true industrial-grade autonomous engineering" rather than standard code completion. Investor note: Alibaba (maker of Qwen) is one of the leading e-commerce and tech companies in China, is highly profitable, and yet has a market cap of ~1/3 of OAI and Anthropic!!!

Not surprising that gold smuggling into India is strongly correlated to the import duty rate.

Tech bros take note Commodities are margin monsters

Product >> Brand

Using Pangram so I can filter out all the human written content.

If you buy physical gold, do the dilligence.

There is one royal who could teach a masterclass in hat wearing. It is Beatrice Borromeo Casiraghi. The Italian-born aristocrat has built one of the most studied millinery records in royal life. You notice her first. Then the hat. The daughter of an Italian Count and a descendant of one of Italy's oldest noble dynasties, for Beatrice, the hat is never a costume. It is an expression. - royal style watch

The only DD you need

so many design and engineering problems arise because you have not adequately simplified the product to its core truths

Be fearful when others are greedy.... SpaceX

In the past when Nifty was at ~20 P/E, the forward 5 years returns ranged from 2% to 18% p.a, with a cluster around 10% p.a. Temper your expectations.

@BenCharoenwong But now the thesis is AI backed 🤣

Been seeing a lot of friends, acquitances getting super hyped into "AI-powered trading"

If RBI thinks 16% gold is prudent for a sovereign, what does it mean for your portfolio? Pull up your gold holdings and check the number.

SME IPO market has been red hot. Four SME IPOs open this week. Combined issue size under ₹140 cr. Most retail bids will be placed against grey market premium numbers forwarded over WhatsApp. SEBI has flagged manipulation in this segment, but with this kind of returns people will chase.

Am often asked does India need another wealth / broking platform? Note @RobinhoodApp launched and scaled when stock market particiation was already 50%+. We are still sub-10% stock owners in India. The next 30-40 years are going to be huge for broking / wealth.

One of the most shockingly underrated masterpieces of the Renaissance is Anthonis Mor’s portrait of Sir Thomas Gresham (c. 1560), now in the Rijksmuseum in Amsterdam. When people see it today, especially in high-resolution pics, they often mistake it for a 19th-century photograph or even a hyper-realistic AI generation. The skin texture, the eyes, the subtle sheen on the black fabric, make it feel almost disturbingly modern. Yet this painting, created over 460 years ago, barely registers in the mainstream conversation about great art. It deserves far more recognition.