Hari Viswanath

Entirely my pleasure @elerianm 🙏Every time I have interacted with you I have learnt not just on economics and markets, but much more on humility!

In 1955, when the Bharat Ratna was awarded, one of the recipients was M. Visvesvaraya, the legendary engineer known for his exceptional intellect and precision. On one occasion, while traveling by train at midnight, he was resting with his head down, trying to sleep. As the train moved along, he became aware—almost subconsciously—of a particular rhythmic sound at a consistent frequency. Suddenly, that rhythm broke. This subtle change immediately alerted him. Sensing that something was wrong with the tracks, he woke up and pulled the emergency chain to stop the train. When questioned, he calmly explained that he had not acted without reason—he suspected a serious fault ahead, possibly a large crack in the railway track that could lead to a derailment and a major accident. The railway staff, carrying torches, went ahead to inspect the tracks after the train came to a halt. Upon investigation, they discovered that his suspicion was correct—there was indeed a significant crack in the track.

The ability to not care what other people think of you…

Albert Einstein once remarked, “You know, Henri, I began by studying mathematics, but eventually turned to physics.” Henri Poincaré asked, “Why was that?” Einstein replied, “Because although I could distinguish true statements from false ones, I couldn’t determine which were truly important.” Poincaré smiled and responded, “That’s quite interesting, Albert. I began with physics, but ultimately chose mathematics.” Einstein, intrigued, asked, “And why did you make that change?” Poincaré answered, “Because I couldn’t tell which of the important facts were actually true.” The exchange captures, with subtle wit, the contrasting philosophies of two of the greatest scientific minds.

Fascinating time-lapse of a blue tit building a nest, laying eggs and raising her chicks over 51 days. 📽: Nest Box Live

“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” – Marie Curie

Can India have low interest rates, high capital inflows and a stable Rupee at the same time? Former SEBI Whole-Time Member Ananth Narayan explains - Why that mix may be unsustainable - How "financial repression" is warping markets @_prashantnair @ananthng #TheGlobalReset

A reminder ... This is what Strait of Hormuz traffic looked like the day before the war started (February 27). Now compare it to the repost below. @mercoglianos @johnkonrad

"OpenAI Chief Financial Officer Sarah Friar has told other company leaders that she is worried the company might not be able to pay for future computing contracts if revenue doesn’t grow fast enough" this could be a problem for the AI bubble

Sir David Attenborough turns 100 next week. "Please make no mistake. Climate change is the biggest threat to security that modern humans have ever faced."

Video footage of the exact moment the BYD Yangwang u9 Xtreme reached a maximum speed of 496.22 km/h on the Track in Petersburg,Germany, officially beating the Bugatti Chiron super sport’s record as the world’s fastest production car

Alarm spreads among road-builders as Iran war bitumen shortage bites ft.trib.al/izqqXMA

And amongst other things..look at this. 1st screenshot from the original Swarajya article. Seriously just 'gap' changed to 'chasm'? It is important that these things get called out to do justice to the effort and sacrifice of journalists who do original work. @prasannavishy

We agree, it is "a well-researched article". Just that it is @SwarajyaMag's research. @PrabhuChawla Ji's column in @NewIndianXpress (Korea earns. India pays. Who dictates?) appears to be remarkably inspired by Swarajya's piece (The Imbalance With Korea That Delhi Is Trying To Address) published on 22 April, four days before his column ran. The flow and story arc appear to be same. The opening peg, the three-company analytical frame, the figures used and the comparisons drawn from them, and the closing argument all follow our piece. Obviously, the underlying data is public. The MEA briefing was open to all, the IPO filings are available to anyone, the trade numbers come from DPIIT data, and all of us draw from the same well. What does not come out of public data is: - the choice Samsung, Hyundai and LG as the frame for reading the imbalance, - treating each as a distinct repatriation playbook, -deciding which figures from each tell the story, and -building the case that CEPA has produced outcomes its designers didn't intend. And there is more. The closing argument, as it happens, is more than 'inspired': @SwarajyaMag: "The $50 billion bilateral trade target Modi and Lee announced for 2030 is not new. Moon Jae-in and Modi set the same goal in 2019. What is new is Delhi's public acknowledgement that hitting that number without fixing the ratio would simply enlarge the gap." Chawla Ji: "The roughly $50-billion bilateral target Modi and Lee announced is not new. Moon Jae-in and Modi set the same goal in 2019. What is new is Delhi's public acknowledgement that hitting that number without fixing the ratio would simply enlarge the chasm." So while we're glad the "well-researched article" is finding readers, the research comes from Swarajya — "Swarajya researches. NIE rewrites. Who dictates?" Just to be clear, we're not asking for any royalties. A footnote, maybe. A line of credit would have been nice, Chawla Ji. :) For the readers, the original story and our X threads on it, are below. Original Story: swarajyamag.com/economy/the-im… Threads: 1. x.com/SwarajyaMag/st… 2. x.com/SwarajyaMag/st…

Americans spent over $109 billion on lottery tickets last year, which is more than they spent on movies, books, concerts and sports tickets - combined.

1/10/2023 MSFT announced its first phase of the OpenAI partnership and launched the AI Trade. Perhaps this is the worth noting. The second phase is when competition, for a huge pie that is already over allocated in market cap, between all players gets really nasty.

This ₹300 cloth bag can keep your water cool in 45°C heat, no electricity needed. Using a simple evaporation technique, it naturally chills water just with air and moisture. Once a common Indian practice, it’s now been revived as a portable solution by Digambar Gaikwad. For farmers, travellers, or anyone battling extreme heat, this is more than a hack — it’s survival. Would you try this? Contact details: +917507699199, +917720099399 Credits: digusai123 on IG #SummerHeat #CoolWater #SustainableLiving #IndianInnovation #EcoFriendly

"Why would the UAE ask the US for a swap line?" "Liquid foreign reserves are still very high. I think this is much more about putting in place a backstop for liquidity IN CASE required... if Hormuz remains shut for 4-6 weeks, that clearly drives pressure on liquidity. Much better to make that request now from a position of strength" @TellimerHQ 's Hasnain Malik bloomberg.com/news/videos/20…

"The White House has been exceedingly successful in deploying the 'over soon' message to keep a lid on front month prices:" RBC's Croft. Some "are warning that this message management is short-circuiting the necessary price signaling function needed to curb consumer demand in line w/the colossal reduction in supply"

Goldman on oil #oott #iran