“A typical bottom is made when a huge volume takes place and the stock just bounces off.” “In May 2020, Tata motors had market cap of 25,000 crores with 3 lakh crores of sales. The valuations were unbelievable and the fear was at the highest.” - Rakesh Jhunjhunwala. March 2021

Hindustan Unilever had market cap of Rs. 55,000 Crore in 1999. It was at same market cap in 2011 with twice the profits of 1999. Blue-chips are going through the same pain now.

Warren Buffett is perhaps the greatest living ambassador of American businesses. 🇺🇸 Few individuals have done more to showcase the long-term potential of American economy on the global stage. Here’s 4 minutes of Warren explaining why he remains unwaveringly bullish on America :

“No matter how bad life gets, there's always beer.” - Norm MacDonald

“Abraham Lincoln was the child of 2 illiterates.” “But his stepmother, whom his father married in desperation to help raise the children, saw Abraham was a bookish person and she helped him all the way long.” “I’m going to donate a picture of that stepmother to a place because I admire what she accomplished in her life.”🙌🏻 “Imagine being responsible more than any other person for the life of Abraham Lincoln.” - Charlie Munger. 2019.

“Ask not what your country can do for you, ask what you can do for your country." - John F. Kennedy

“The only thing in your control is the efforts. That is all and that is everything.” - Mark Cuban

“I come from a Agarwal Marwadi family, and we are used to say vyaj (interest rate) 16%, 17%. It’s my heritage.” “Warren Buffett’s compounding and Marwadi ka compounding is the same. Increase your principal amount every year, try not to lose principal and even if you make small returns, it is fine.” - Rakesh Jhunjhunwala. 2009

“Life's too short to hang out with people who aren't resourceful.” - Jeff Bezos

“People fool you and say that you're not smart if you never went to college, but common sense rules everything.” “That's what I learned from selling crack.” - Snoop Dogg

In 1999, Harry Markopolos discovered Bernie Madoff's $65 billion ponzi scheme. "It took me 5 minutes to know it was a fraud and another 4 hours to do the mathematical modelling to prove it." "Bernie's performance line only went up, as for the markets they go up and down. He had only 4% down months, it's like a Baseball player hitting 960 in a major league for a year. No one's that good." It took another 9 years for SEC to finally unravel the Ponzi scheme in 2008 during the global financial crisis.

“You must put your head into the lion’s mouth if the performance is to be a success.” - Winston S. Churchill

“You’re really not welcome in this room if short-term orientation is what turns you on.” “Overtime market will treat Berkshire shareholders fine and I don’t worry too much about what happens in next 6 or 12 months.” - Charlie Munger. 2012

Throwback to this video from 2024 : Podcaster: “Sir, we require 10 billion litres of water for Ethanol production in India. Bangalore and Mumbai are facing severe water crisis as per reports…” Nitin Gadkari: “Those who do such type of arguments are the biggest Anti-nationals in India.” Podcaster: 😲

Charlie Munger and Warren Buffett on Ethanol blending in Petrol: “Ethanol blending is a very stupid way to try and solve an energy problem.” “It takes more fossil fuel energy to create ethanol than you can get out of ethanol you’ve created.” - Charlie Munger. 2006.

Zepto has completely vanished from my locality. Flipkart minutes has taken over now. The winners in quick commerce are only Consumers and Radhakishan Damani.

“You just can't beat the person who never gives up.” - Babe Ruth

“A man doesn't know what happiness is until he's married. By then it's too late.” - Frank Sinatra

“Victory is not always winning the battle, but rising every time you fall.” - Napoleon Bonaparte

“It’s better to shoot and miss, then to let time run out and wonder what if.” - Michael Jordan