Indian Energy Exchange, like a toll bridge, connects power generators with power consumers & distributors. The alternative to IEX like alternatives to toll bridges is more expensive bilateral agreements.

Fasten your seatbelts as we’ll take you through the 19-20 AR of IEX.

1/

Megatrends for Energy

~Decarbonization
~Decentralization
~Digitization
~Democratization

2/
Transformation in the energy sector
~Benchmark prices for all electricity transactions
~Transparent mechanism for price discovery
~High liquidity on exchange to ensure the lowest cost and assured supply

3/
Key points
~Customer Centricity driven by intuitive, secure, & responsive design
~Efficiency through efficient matching algorithms, automation, & low latency
~State-of-the-Art analytics-based solutions that are future-ready.

4/

IGX
~ Launched on 15th June 2020
~ India’s 1st nation-wide automated gas trading platform
~ Govt plans to increase the share of natural gas from 6% to 15% by 2022
~Enabler in making India transition towards a gas-based economy.

Quick Summary of @Arthur_0x on the FTX Podcast. How he made an 80x return on his fund in 2 years of Defi investing. 0/8👇

1/ Look for projects that have resilient founders that don’t give up. $SNX and $AAVE survived the last bear market and adapted to make the most of the the Defi market as it took off.

2/ Look for big brain discussions early on with intellectually curious developers. Interestingly he cites Hal Finneys thought experiments on Bitcoins Total Addressable Market on Bitcointalk. Link

3/ Community focus. SNX reacted well to a frontrunning issue by Airdropping to those affected. @kaiynne stepping back shows how it is community managed now.

4/ Focus on fundamentals and be active. Look to help teams and you will build a reputation and get more information as a result. Being active also means using the app an seeing some evidence of traction. Become a power user.

1) The Larger Impact of the GameStop Investor Wars

"The fundamental issue currently being fought over is who gets to have a role in determining financial value, access and

1) Let's talk about my favourite video platform Bilibili. What is it, what it isn't and and how it makes money. It's been called the Chinese YouTube that that framing lacks imaginary.

The $bili stock also 5x in 2020 - who knew weebs could be so lucrative

2) Grossly simplified, it's the Chinese equivalent of Youtube. Except it's not. It's like if Youtube, Twitch, Steam, Patreon, TokyoPop and Netflix had a CRISPR-baby, and that baby was a weeb, but that weeb is also super down with Chinese Gen Z

3) Bilibili was founded in 2010 by avid Anime, Gaming and Comics (AGC) fan Yi Xu from a frustration that the mainstay Chinese anime platform kept crashing with no consistent access to his beloved vocaloid Miku

4) Serial entrepreneur Rui Chen went from an angel investor to CEO, having obtained Yi Xu's trust by correctly identified the origin of Bilibili as from the anime "A Certain Scientific Railgun". Anime knowledge is life.

5) Currently it's the biggest mainstream portal for the Chinese Gen Z with user-generated video sharing, live streaming, mobile gaming, online comics and event ticketing. It’s also diversified its content coverage with coverage on beauty, e-sports, pop culture and many others.

So You Made Some Money On GameStop And Want To Learn More About The Stock Market?

Here Are 7 Investment Books Worth Reading

With stocks in the news, there's been a lot of talk about where to learn investing.

Many suggestions are terrible with comments promoting Forex scammers, overpriced courses, or dull academic books like "The Intelligent Investor."

Luckily, there are also plenty of fun and interesting books on finance. Many of which are written by legendary investors who consistently beat the market.

And, there are plenty of fantastic biographies, covering historical market events and old school traders.

Below are SEVEN titles worth reading.

The first book is my personal favorite, but none of the others are in any particular order.

DISCLAIMER: I'm Using Amazon Referral Links Below, But It Doesn't Influence The List. Also, You Can Get All These At Your Local Library.

1. ONE UP ON ALL STREET BY PETER LYNCH

Peter Lynch is the greatest investor of all-time, outperforming Warren Buffett.

This is a fantastic, easy-to-read look at how to successfully buy winning stocks and multiple your money.

Individual decisions will always supercede to those of masses.

One of the theories which justifies why ITC struggles to have a big rally as other stocks have.

FMCG stocks' analysis from a different
view

Thread:

It is always easy to convince 10 people that you have something valuable to offer than to convince the same thing to 1000 people.

The same thing happens with ITC too.

The total number of shares outstanding of various FMCG companies are as follows

PGHH : 3.2 Crores
Nestle : 9.6 Crores
Marico: 129 Crores
Dabur : 177 Crores
HUL : 216 Crores

And just have a guess at what might be the number for ITC.

ITC has 1229 Crore Shares outstanding!!!!

Obviously some portion is held by promoters and FII/DIIs and some portion is not available for trading on a daily basis because it has some lock-in period.

When does a rally happens in a stock?

When every investor is just trying to buy the shares and the supply is too low.

This is what happened in Ruchi Soya when the free float was so less that even a small demand caused the upper circuit in the stock.

Yesterday, I contemplated life. I thought about how we make plans and wait for the stars to align before finally living. I thought about how we rarely enjoy the fruits of our labour because we learnt to manage while coming up. 🧵

Moving from a scarcity to a prosperity mindset is difficult. It's why we keep reserving things for visitors and keep waiting for vacations before resting. It's why we accept less than ideal love and learn to compromise the sacred.

So, yesterday I decided to do something about the restlessness in my spirit. Something symbolic.

I discovered I typically sleep on only one side of my bed. It's a habit I picked up because I prefer being near the door. I chose to sleep in the middle instead and to "spread out". To use my multiple pillows instead of one.

Rather than start the day in my study, I drank coffee on my balcony, as I gazed at the beautiful mango tree in this thread. I realised there are chairs I've never sat on in my home and so, I sat on them.

A thread of my favourite investing compilations, resources and rabbitholes I like to dive into:

The goat of compilations @kgao1412

Clark Square Capital (@ClarkSquareCap) has a great site of speeches, interview, books and other resources

Highly underrated is @choctopcap's neocities site

My good mate Erick Mokaya (@ekmokaya) has a great @mjmauboussin resource list

1/15
By now you have undoubtedly seen the craziness going on in the stock market, with a selection of stocks surging hundreds if not thousands of percent in a matter of days or even hours, along with a whole bunch of financial jargon. So what exactly is going on? #velshi

2/15
One major term you have heard is "shorting" - which is just placing a bet that a stock will go down in price. #velshi

3/15
An investor can make money on this type of gamble by borrowing shares from a broker, w/o initially paying for them, selling them immediately & then later buying the shares at a lower price & returning them to the broker, keeping the difference in price as profit. #velshi

4/15
For example, an investor borrows 1 share of stock XYZ at $200 & sells it. The investor now has $200 at an initial cost of $0. However, the investor stills owes the broker that 1 share. #velshi

5/15
The gamble is that the price of the stock XYZ will go down - let's say to $100 a share. The investor can then buy the 1 share that it owes the broker at that lower $100 price. #velshi

The insights of the Austrian School of Economics will prove invaluable to investors navigating the distorted global economy of 2021.

This 18-tweet thread walks you through the definitive guide "Austrian School for Investors" by @scholarium_at, @RonStoeferle and @MarkValek.👇

1/ The roots of the Austrian School can be traced back to its founder Carl Menger, whose 1871 book Principles of Economics provided a new foundation for economic theory and solved the age-old "Paradox of Value".

From Menger's work we can derive 4 pillars of Austrian Investing.

2/ 1: The Subjective Theory of Value recognises that value is not determined by any inherent property of a good, nor by the amount of labor necessary to produce it, but by the importance an acting individual places on it for the achievement of their desired ends.

3/ 2: The Law of Diminishing Marginal Utility recognises that as more units of a homogenous good are acquired, the utility derived from each additional unit declines.

This wide-ranging insight helps explain important economic phenomena such as the historical emergence of money.

4/ 3: Methodological Individualism is the principle that economic phenomena result from the actions of individuals.

Collective magnitudes like “the people” cannot act, & therefore cannot be treated as ultimate causes.

Austrians are cautious in their use of economic aggregates.

As promised, a thread on one of my largest holdings going into the new year...

Allow me to introduce Smart Eye, "the king of DMS"

A little background first

Driver monitoring systems (DMS) are a soon-to-be-introduced safety feature in cars.

As the name suggests, they monitor drivers to ensure they are not tired or distracted while driving and gives them a nudge if they are.

This is going to be legally required to be in all new cars in Europe and North America by the middle of the decade.

As auto OEMs sell on a global basis, what happens in developed markets usually ends up in emerging markets as well.

As a result of this legislation, there is a pretty clear path for increased penetration of DMS in the auto industry.

The slide below shows industry forecasts of around 60% penetration in new cars sold globally by 2025.

As a small aside, Volvo did a great ad for DMS last year. Just priming consumers for what's to

A surge of retail stock trading over the last year lit the fuse that sent shares of GameStop rocketing higher without a clear business reason, market watchers say, squeezing hedge funds that had bet against the retailer and other companies that were out of favor on Wall Street

What is going on? Here are some answers 👇

More individuals have invested in stocks during the COVID-19 pandemic, and experts cite a number of reasons, including lockdowns boosted savings, stimulus putting cash into people’s pockets and extremely low interest rates

Also, a proliferation of trading apps allowed anyone with a smartphone to buy or sell stocks for free. Retail investors’ participation in U.S. equity order flows increased to nearly 20% in 2020 from 15% in 2019, data from Swiss bank UBS showed

What has been the impact of this surge in retail trading?

Big U.S. technology companies were among the beneficiaries last year. Facebook, Amazon, Apple, Netflix and Google saw record inflows as their businesses benefited from lockdowns and their stocks soared

💵 With unprecedented stimulus and easy money policies from central banks, investors then shifted to smaller stocks, especially ones that got beaten down during the pandemic

1/ What Happens with More Funds than Stocks? (Madhavan, Sobczyk, Ang)

"Funds differ meaningfully in terms of individual stock holdings, and we examine the factor exposures of the typical fund and the cross section of holdings of different funds."

https://t.co/d6vU4Fgszg

2/ * Data on fund holdings are from Morningstar
* Sample: Jan. 1, 2007 to Dec. 31, 2018
* Only funds with at least 80% of holdings from the Russell 3000 universe are considered
* Mean AUM-weighted expense ratio for mutual funds (ETFs) is 70 bps (14.2 bps) as of Q4 2018

3/ "The holdings of ETFs and active mutual funds across U.S. stocks can be efficiently summarized by approximately 10 canonical funds.

"There is more commonality explained by the first few canonical funds for active mutual funds than for ETFs."

4/ "Commonality among equity mutual funds has remained approximately constant, but there has been increased dispersion in ETF offerings.

"We see no apparent rise in concentration or crowding for mutual funds over the period from January 2007 to December 2018."

5/ "We examine commonality in active mutual funds in Morningstar style box categories. While Value and Blend commonality has remained roughly constant over the period 2007-2018, Growth funds have exhibited a marked increase in crowded positions."

1/#VeFam, I see a lot of heated discussions regarding $VTHO and it’s speculative value. I thought I’d write a thread to clear out some misconceptions.

First up, VTHO is NOT yield from an investment ( $VET).The whole argument that VET has to give xx% returns via VTHO is pointless

2/Why? Because VTHO is a utility token required for network participation. While it is good that we ordinary holders can trade it, its primary purpose is to enable entities to use the network. VTHO is not a dividend, it is not yield, it’s simply a network participation enabler

3/is it undervalued? depends on if you’re talking about value arising from utility or speculation. Regarding the former, as long as the daily burn rate is lower than daily generation rate (~37m), value appreciation from utility is not a factor. But this will change.

4/regarding the latter,it’s anyone’s guess. It can go 1000x overnight,like anything in crypto.But remember,this is not a good thing for an enterprise focused utility token
Why?
Bcoz value appreciation from utility is organic. @vechainofficial and their customers can plan for this

5/value appreciation from speculation is not organic. It can disrupt budgets and planning. This is the reason there are several levers in place to cushion the speculation around VTHO. Read this article to understand what they

Robinhood sells your orders to Citadel. This controversial practice is known as "payment for order flow."

Like true scumbags, Citadel actually urged the SEC to ban this in 2004.

"Citadel Group urges the Commission to ban payment for order

"This practice distorts order routing decisions, is anti-competitive, and creates an obvious and substantial conflict of interest between broker-dealers and their customers."

"Broker-dealers accepting payment for order flow have a strong incentive to route orders based on the amount of order flow payments, which benefit these broker-dealers, rather than on the basis of execution quality, which benefits their customers."

"Furthermore, the parties making such payments (either voluntarily or through an exchange-mandated program) are forced to find other ways to recoup the amounts of such payments..."

"...whether through wider spreads or a reduction in other benefits that otherwise could, and should, be provided to customers."

A story of Mafia Integrity

You've heard bits of this
Funds offshore
Don't invest in the UK
Companies and factories moved out
Henry viii powers used to vanish Tax evasion and money laundering law

But the mafia at the heart of the Conservative party just got started.

Brexit deals may be closing, but the "brains" behind it,
whose gift is decades of damage,
who moved assets to profit from that damage
Is tightening its grip.

These are not the people to trust to decide our future or trade.

Unless you want it stolen

The examples
Tax evasion
Offshore funds
Currency speculation.

They're all a little distant.

So what about some examples closer to you or me?

Your word is your bond. Your promise is your reputation.

How do they build that reputation for our country?

1. China bought us Jan-March with heavy #Covid19 containment measures and clampdowns.

We wasted it.
Then worsened it, leaving airports open

Mafia called our response perfect and demanded reparations for the "China Virus"

2. Roles just reversed. Now WE have a new homegrown highly transmissible variant of #Covid19.

So where are the mafia? Shouldn't they be calling this the "English Virus?"

And screaming Blue Murder that Priti has again failed on airport checks, outbound this time?

Silence.