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Prikvačeni tweet
Meta-Thread to keep track of my threads: Factor Investing:https://twitter.com/PradyuPrasad/status/1188775562992484354 …
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Pradyumna Prasad proslijedio/la je Tweet
You've heard the story. The news industry is suffering. Journalists are getting laid off, newspapers are going out of business, and ad dollars are going to social media. And the news feels crazier and crazier each day. Here's what's happening. THREADhttps://www.perell.com/blog/news-in-the-age-of-abundance …
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Pradyumna Prasad proslijedio/la je Tweet
Ya ya, pretty much taken care in this budget by taxing their global income (if not resident of any other country). Can't leave India, can't live in India. Aab bajao bansuri!
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Pradyumna Prasad proslijedio/la je TweetHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Pradyumna Prasad proslijedio/la je Tweet
Meta-Thread to keep track of my threads: Factor Investing:https://twitter.com/PradyuPrasad/status/1188775562992484354 …
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Pradyumna Prasad proslijedio/la je Tweet
The
@DelhiPolice has, shockingly, granted me permission to hold a rally chanting “desh ke gaddaron ko, goli maaro saalon ko.” The permission was given to me today when I visited Parliament St. Police Station. This chant now, it seems, has state sanction. (1/3)pic.twitter.com/cRHSl1xTZL
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Pradyumna Prasad proslijedio/la je Tweet
They will use AI and ML in Ayushman bharat, will target diseases. I see VCs are rushing to finance the budget immediately.
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Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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..from capital markets, fund the govt's projects and earn sub-standard returns for policyholders. (n/n)
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and the increased scrutiny. Also policyholders will get better info. on the investments of the company. But looking at other large finance companies owned by the government like PSU Banks , gives me little hope. What seems likely is that they will swallow money...
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And the stake sale can change some of that. They will probably have to sell ~25% of the co. to be within SEBI guidelines (which will be hard given the massive size). One optimistic side of me thinks that they'll look towards profitability after the IPO given the market incentives
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... and govt. projects. Its not *wrong* for a company to invest in government projects especially in India, where the govt. borrows ~10% of GDP. But they seem to make investments based on the economic needs of the govt. and not their policyholders
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When IL&FS needed a bailout, LIC's CEO was the first to speak out in public and say that they's bail them out. LIC doesn't have too much of a profit motive embedded in it. They are a mechanism for transferring money from savers to stocks (j like normal insurance cos)...
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LIC's money has been used to finance the bailout of IDBI bank, and IL&FS, acting as a surrogate for taxpayer money. The govt. didn't want to spend taxpayer money on it and used policyholders' money instead.
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#LIC has had the implicit mandate of being the government's finance company using policyholders' money for some time now. I know of data since 2014, and so I'll speak for then only.Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
A small thread on
#Budget2020. The surprising thing for me was that#LIC was being partially privatized. This isn't being done because the govt. has a commitment to free markets. They need cash, and they need it quick.#LICIPOPrikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Pradyumna Prasad proslijedio/la je Tweet
If you are a CA or a tax advisor you should be celebrating today! So far companies did not know which tax structure to use. Now individuals don’t either.
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Pradyumna Prasad proslijedio/la je Tweet
The irony of people who are pro free speech cheering zerohedge being banned because they don’t like the content
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