Modi is, to borrow a phrase I've seen @harshmadhusudan use often, 'long India'. You're ‘long’ when you invest in / own something expecting it to continually rise in the long term.
Many flashes in the pan routinely propped up as the ‘next big thing’. Kanhaiya Kumar, Hardik Patel & now Tikait.
Why don't they last enough to erode Modi?
Worried about the continuous onslaughts nonetheless & what we can do about it?
Read on..
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Modi is, to borrow a phrase I've seen @harshmadhusudan use often, 'long India'. You're ‘long’ when you invest in / own something expecting it to continually rise in the long term.
The fund is, India.
That fund comprises of national security, healthcare, economy, social empowerment and so on.
He is long India.
Kisaan Sammaan Yojana, Jan Dhan, rural empowerment, LPG, strengthening the defense sector etc.
India grows if all its sectors grow - the 'boring' approach.
Going short on something essentially means you bet that it’ll fall in value.
You don’t actually invest in / own the asset because your position is that the asset will lose value.
By the ‘short India’ gang.
What does/should Modi do? How should he react?
This is where I feel he uses the Compounding Principle.
Indeed, this isn’t a short-term bet which could yield sudden windfall.
Importantly, these returns are re-invested in India, i.e., compounded.
That makes the next return a compounded return.
His net worth in 2020 was $84.5 billion. Of that, $84.2 billion was accumulated after he was 50. $81.5 bn, *after* his mid-60s. [Source: Psychology of Money]
A seriously long-term horizon & the value of compounding.
No.
Any such bet, however, is almost always done with the interest earned on the principal, almost never the principal.
Even if the bet is lost, the principal is intact.
Boring, right? Until you realize 9/
Where do they borrow from? I'm sure you can guess.
This hubris on their part - betting it all - is great news for Modi. Why?
(a) Modi, as fund manager, is always on guard;
(b) Despite the entertainment value of shorts & their bets, Indians at large know that their growth is tied to India's growth.
Napoleon has an answer:
The ‘boring’ stuff - healthcare, agriculture, infrastructure etc. Continue building India **brick by brick** without losing focus.
One won’t see gains today, nor tomorrow, but over a long-term horizon - the compounding effect.
When their hubris & the fatal flaw of going short on a resilient India will very likely make them lose in due course.
Or, to actually focus on reforms critical to India without the looming threat of the government falling?
Let's understand the real reward of money:
But, the more goods we buy, the less money we have.
Because what money really gives us is freedom. Freedom to not be stuck in a job we don’t like, to not be able to do what we really want to.
303 seats = Money.
Buying goods = spending political capital to keep crushing dissent.
Freedom = not stuck in a coalition government, actually being able to do what’s good for the country. No pressure of pleasing extraneous 'bosses' [Hint: UPA's NAC]
Like what happened in response to the recent ‘digital strike’ by global celebs.
They tried to short India. India short-squeezed them, showing its collective might.
