Nehru, however, did not set a specific goal for the nation. His vision focused more on "facilitating" systems. He was interested in creating stepping stones and left the goals to the experts and people.
From this goal, the US worked backwards to achieve everything related to it. The public benefited from the investment in research, which enabled progress in science and technology.
JFK laid out a specific, measurable, big audiacious goal for the nation - "this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the earth" He galvanized the nation with its lofty goal.
@JoielAkilan Wow. That’s a great treasure. Post some pics of it. How did you get it?
@ADiOT_Kane How about this Kiran? Will Ownership Resources Knowledge Serendipity Dreams + WORKS = Reality
@ADiOT_Kane Thank you. This is awesome. Dreams + WORK = Reality Do you mind if I use this in a visual?
@SejalSud Most parents think their job is over once they find a school. Lot of learning happens during the conversations at the dinner table. Here I teach stock market as we have our breakfast:
@the_tweedy Valid point. Any resource to get started on this knowledge?
@eugeneyan I have been using @LumaHQ for weekly events.
@ejames_c In your opinion how should we read / understand / learn from history?
@nutanc You are India’s Marc 😜
@SejalSud It is always sunny in rich man's world - ABBA
@evielync @techiebutterfly Are there any podcast players which help you list (or filter) episodes by duration? Sometimes I would like to listen to short episodes, some times long ones. Haven’t found one yet.
@nomad_ok I worked with surgeons. The best ones work in multiple units. I knew surgeons who worked until midnight (with multiple breaks in between surgeries) and got paid for it. So there was no "free time" in which they performed. All were paid.
@tessel1539 @jrpevans Thank you for sharing this Tessel. This is a practical example. So it is useful. God bless
@nomad_ok If you ever had a doubt read Jeff Bezos’ annual letters
@rupreetg @bookishOnSpaces @ANayyar16 @ku1deep The best way to help kids read is reading to them. Plus them seeing you read (not on computer but a book). We all mimic, right from childhood.
@keepkwizing Listen to the podcast or read through the transcript. Lot to learn there
@patrick_oshag @AswathDamodaran @elonmusk It is very insightful conversation. This is the reason why I love value investing. You can use that as a portal to learn economic, behavioural psychology, business models, trends, and so many other things.
@patrick_oshag @AswathDamodaran @elonmusk Your mind is a muscle like anything else. If you don't use it to reason your way through to answers, then you will find it very difficult to ever start reasoning @AswathDamodaran teaching method: window on process - let students see why he does the way he does.
@patrick_oshag @AswathDamodaran @elonmusk Google search has ruined thinking. When you've a question, you search and look up the answer. You don't think.
@patrick_oshag @AswathDamodaran @elonmusk Disclosures are double-edged swords. If companies disclose everything, they have disclosed nothing. If they disclose big with small, you lose perspective.
@patrick_oshag @AswathDamodaran Jeff Bezos and Bill Gates built succession. @elonmusk has not. Can you name the CFO or Tesla? Or any other officers? Stay away from companies run by imperial CEOs and people who think they're Cesar.
@patrick_oshag @AswathDamodaran There are no objective numbers in valuation. Last year's number is objective, but you don't invest based on last year's numbers. You base it on the expectation that last year's numbers will be next year's numbers. That's subjective
@patrick_oshag @AswathDamodaran Create multiple scenarios for the future. Don't amalgamate all possibilities into one scenario.
@patrick_oshag @AswathDamodaran How to survive Amazon? Don't play Amazon. Alibaba & Costco bet Amazon. But they did in their own terms. Alibaba created an online bazaar that Asian shoppers are used to.
@patrick_oshag @AswathDamodaran As a trader, you live on momentum, but you die on momentum
@patrick_oshag @AswathDamodaran GE survived for 130 years from start to finish. Yahoo took 23 years for the same journey. Keep that in mind while valuing companies.
@patrick_oshag @AswathDamodaran Overwhelming factor driving success and failure in markets, is luck. When we are successful we attribute it to our process and intelligence; when we fail, we attribute to market.
@patrick_oshag @AswathDamodaran Just because you get a macro trend right doesn't mean that the microbes you make in that macro trend are correct. All of us agree the macro trend is electric. Even with getting that trend right, you might be wrong in nailing the company to invest.
@patrick_oshag @AswathDamodaran How to survive inflation? • make the product / service non-discretionary • have flexible cost structure • have short-term & reversible investments • low-debt & little failure risk Spread your bets across asset classes, types of companies, & geographies
@patrick_oshag @AswathDamodaran We don't know how discretionary or non-discretionary Netflix subscription is. We're going to find out very quickly.
@patrick_oshag @AswathDamodaran To survive during inflation period, companies should make their products non-discretionary It is not so much about goods vs services during inflation. It is more about if the product or service is discretionary or non-discretionary.
@patrick_oshag @AswathDamodaran • Our expectations are set by what we've lived through • It takes a while for us to adjust our expectations • With high inflation companies avoid long-term investments
@patrick_oshag @AswathDamodaran 2 types of inflation: • expected • unexpected • Expected inflation can be modelled so can be controlled • Unexpected inflation can kill companies
@rupreetg Geronimo Stilton series Tom Gates series Diary of the wimpy kids Books of Enid Blyton Wonder house series on Shakespeare & others
@SejalSud Because of the democratization of technology, tech itself is not a niche or a USP. It is the customer experience and operations that will set the folks apart. Still, this might open up the possibility of online store for non-metro vendors and that would be a huge step
@SejalSud It might be open network (published protocols and standards) but I'm not sure it is open source (source behind the system is available for audit and operating on own). There is no repository I find in their website.
@misterparker @mijustin These are the 100 things he created: My pov of this:
@namitoberoy_ What tools do you use for your knowledge mgmt? From our last discussion I suppose obsidian. What plugins you use?
@misterparker @mijustin once followed 100 things to launch in a year. I liked that.
@venikunche @DiversifyTechCo One of Ben & Jerry’ values is: sustainable business. You can as great values as you want to. But if the biz is not sustainable you won’t have the platform to spread those values. Good to see you are focusing on money. 👍👏
