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Hi Guys,
I am posting my notes from this wonderful podcast by @BeerBicepsGuy .
@Nithin0dha is one of the few grounded men in Indian startup industry, especially #fintech
#Thread follows
https://twitter.com/BeerBicepsGuy/status/1298658969242697731
I am posting my notes from this wonderful podcast by @BeerBicepsGuy .
@Nithin0dha is one of the few grounded men in Indian startup industry, especially #fintech
#Thread follows
https://twitter.com/BeerBicepsGuy/status/1298658969242697731
#๐ ๐๐ข๐ฆ๐๐ฅ๐๐ง๐๐ฌ๐ฌ at @zerodhaonline
" We are an elephant, running like cheetah"
" We are an elephant, running like cheetah"
#๐ ๐๐๐ฑ ๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐ข๐ง ๐๐ง๐๐ข๐
Indian income tax structure is favorable for promoters who are willing to sell their stakes
~50%+ tax on business profits considering tax on dividend distribution
~10-20% tax on capital gains tax on stake sale
Indian income tax structure is favorable for promoters who are willing to sell their stakes
~50%+ tax on business profits considering tax on dividend distribution
~10-20% tax on capital gains tax on stake sale
#๐ ๐๐ฑ๐๐ก๐๐ง๐ ๐ ๐๐ฎ๐ซ๐ง๐จ๐ฏ๐๐ซ ๐๐ซ๐๐๐ค๐ฎ๐ฉ
Long term equity investments ~1%
Intra-day trades ~9%
Derivatives trades ~90%
There are only few 10-15 lacs active traders in India who generate 99% of exchange turnover
Long term equity investments ~1%
Intra-day trades ~9%
Derivatives trades ~90%
There are only few 10-15 lacs active traders in India who generate 99% of exchange turnover
#๐ ๐๐ฎ๐๐ฅ๐ข๐ญ๐ข๐๐ฌ ๐จ๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐๐ง๐ญ ๐ญ๐ซ๐๐๐๐ซ
a) Conservative about risk
b) Focus on long term consistent performance instead of few big wins (E.g. Poker)
c) Suitable position sizing
d) Control over compulsive emotions
e) Stoic Approach
a) Conservative about risk
b) Focus on long term consistent performance instead of few big wins (E.g. Poker)
c) Suitable position sizing
d) Control over compulsive emotions
e) Stoic Approach
#๐ ๐๐๐๐ซ๐๐ญ ๐จ๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ๐๐ฎ๐ฅ ๐ญ๐ซ๐๐๐ข๐ง๐
Successful traders don't focus on money, instead their significant effort and focus goes into building a right process and consistent execution of the same over longer period
Successful traders don't focus on money, instead their significant effort and focus goes into building a right process and consistent execution of the same over longer period
#๐ ๐๐ง ๐๐๐ซ๐จ๐๐ก๐
a) Zero rupees spent on advertising
b) First 100 employees are still with Zerodha
c) Highest employee retention in industry
d) Focus on bringing passionate people onboard, taking good care of them as they build a great product, customers spread the word !
a) Zero rupees spent on advertising
b) First 100 employees are still with Zerodha
c) Highest employee retention in industry
d) Focus on bringing passionate people onboard, taking good care of them as they build a great product, customers spread the word !
#๐ ๐
๐จ๐ซ ๐๐๐ง๐ญ๐ซ๐๐ฉ๐ซ๐๐ง๐๐ฎ๐ซ๐ฌ
What you should do before you start a start-up ?
Build your core competencies.
Few might have been lucky in making it big in starting business without having core-competencies required, but that's very few of them. (say 1-2 out of 1000)
What you should do before you start a start-up ?
Build your core competencies.
Few might have been lucky in making it big in starting business without having core-competencies required, but that's very few of them. (say 1-2 out of 1000)
#๐ ๐๐ง ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
He believes,
" People who can pick an idea and build that into a product are X-Men of today's world"
He believes,
" People who can pick an idea and build that into a product are X-Men of today's world"
#๐ ๐๐ง ๐๐จ๐จ๐ ๐๐๐ซ๐ฆ๐
The more you do good for others, the more good luck comes back to you
Shares details on his initiatives
A) Varsity : Free education on capital markets
B) Rain Matter: Funded ~12 fintech startups who are working in capital markets' ecosystem
The more you do good for others, the more good luck comes back to you
Shares details on his initiatives
A) Varsity : Free education on capital markets
B) Rain Matter: Funded ~12 fintech startups who are working in capital markets' ecosystem
#๐๐ ๐๐ง ๐๐ฑ๐ฉ๐ฅ๐จ๐ฌ๐ข๐ฏ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐ข๐จ๐ง
Reasons:
a) Low interest rates
b) WFH made people think about personal finances
c) Instant opening of Demat A/c
d) Reduced discretionary spend
Reasons:
a) Low interest rates
b) WFH made people think about personal finances
c) Instant opening of Demat A/c
d) Reduced discretionary spend
#๐๐ ๐๐ง ๐๐๐๐๐-๐๐
Has very pessimistic view on overall situation
Says "Markets are not moving as per ground economic realities, may correct any time"
Don't try to time the markets
Hope is not the strategy.
Has very pessimistic view on overall situation
Says "Markets are not moving as per ground economic realities, may correct any time"
Don't try to time the markets
Hope is not the strategy.
