BC BUSINESS
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No one is going to do it for you

A thread...

 As a founder, if you won't show up every single day, despite how you are feeling, or how the startup is doing or what the press is writing about you, or your cofounders not working out, or your product failing or your customers shouting

No one is going to do it for you
As a student, if you won't do things that scare you, that make you feel nervous, that challenge you, that intimidate you, that you have always wanted to do but never gathered the courage to

No one is going to do it for you
In your first job, if you are not going to make an effort to know how things have happened before and why, to meet new people, to seek help, to ask for feedback, to be patient with results, to not seek "impact" in the first month itself

No one is going to do it for you
If as a son/daughter you are not going to realize what your parents went through while growing up, that they want the same things from your life that you want for your self, that their path is different but there are reasons why

No one is going to do it for you
While looking in the mirror if you do not realize how blessed you are, how fortunate you are, how privileged you are - to be born in a family that took care of you, gave you love, food, shelter, education and an upbringing

No one is going to do it for you
If you are not going to read, not going to listen, not going to shut down all garbage that you consume, not going to spent time with people with a different perspective, not going to observe and learn

No one is going to do it for you
If you are not going to be there when they need you the most, despite it being hard, despite it draining you, despite it taking a toll on you, only because you love them, you care for them and wish well for them

No one is going to do it for you
If you are not going to have the courage to take the path you wish to take, despite what the world thinks of you, despite what the world tells you to do, despite all the obstacles that you can foresee, only because it makes you truly happy

No one is going to do it for you
If you won't stand up and say, "no - I am not going to complain, I am not going to whine, I am not going to talk shit, I am not going to play victim"

No one is going to do it for you
If you won't realize that the most precious gift you can give someone is listening to someone without judgement

No one is going to do it for you
If you won't give yourself the freedom to be truly yourself, to be truly authentic, to not care a damn about what the world thinks, to be comfortable dancing in public without alcohol or drugs

No one is going to do it for you
If you won't respect your own time, if you won't say no more often, if you won't prioritize for what is important as against what is urgent

No one is going to do it for you
During the years when you work the hardest with nothing to show, if you do not acknowledge yourself

No one is going to do it for you
If you are not your best friend, if you do not love yourself, if you do not respect yourself, if you are not kind towards yourself, if you not compassionate with yourself

No one is going to do it for you
As a leader if you do not coach your team, if you do not give instant feedback to the team, if you do not show them a better version of themselves, if you do not respect them as individuals, if you do not surround yourself with the best

No one is going to do it for you
As a parent, if you are not going to answer your kid's persistent questions, if you are not going to encourage them to chose their own path, if you are not going to tell them the importance of being happy more than anything else

No one is going to do it for you
As an working professional, if you are not going to take responsibility of your career

No one is going to do it for you
If you are not going to take the responsibility of your own happiness

No one is going to do it for you
The year 2020 taught us one thing, more than anything else.

When times are tough, when times are uncertain, when times are depressing

And we are craving for support, love, acknowledgement, validation

We always have our own selves
And if we can attend to ourselves before we attend to anyone else, we will gather the courage to help not just our own selves, but everyone else too.

My only wish for all of you in 2021
May you fall in love with your own self
Because if you do not love yourself

No one is going to do it for you

More from Ankur Warikoo

Ankur Warikoo
Ankur Warikoo
@warikoo
How I invest my money

A thread...

Last year when I stepped down as the CEO of nearbuy - I was a classic case of paper wealth with no cash in hand.

I had stupidly over indexed on equity, made terrible mistakes with money (see thread the end of this thread) and had no other income stream.

I realized the biggest mistakes I had made was investing in largely illiquid assets - startups and real estate. With extremely poor liquidity.

So while I had "wealth" I did not have any income.

The last year I have been working on changing that.

1. Term Insurance
A decade back I bought a term insurance plan for 25 years, for 10Cr.

Which means if I die in the next 25 years (by the time I am 55), my family will get 10Cr (over and above my ongoing loans).
If I don't die, I get nothing.

My logic at 30 was that by 55 I should be able to get to the 10Cr mark myself.
Until then I rely on an insurance plan.

This amount I believe takes care of all current and future needs of my family.

This gives me mental peace, should something happen to me ever!
INVESTING MONEY
Ankur Warikoo
Ankur Warikoo
@warikoo
20 habits for your 20s

A thread...

Habit 1:
Smile at the mirror

20s is the decade of self doubt. Where we feel inadequate, incomplete, lost.

The simple habit of smiling at the mirror, makes me drop my emotions in that moment.

And acknowledge me, for who I am.

Habit 2:
Make your bed
Starts your day with a small accomplishment.

Growing up, the 4 of us used to sleep together in the drawing room, since it had a cooler.

It was my job to make everyone's bed.
It was the last thing I did every night and the first every morning.
Still do it.

Habit 3:
Take the first 30 mins of your morning, for yourself

Don't start it with your phone.
Or with a person.
Or with a book.
Or the toilet.

Just you, your thoughts, some lasting memory of your dreams.

You will appreciate the power of slowing down.

Habit 4:
Call people by their names

Few things makes a person feel included, than hearing their name in a conversation.
Remember, consciously, to include their names, as you speak to them.

You will earn their respect, their attention and their trust.
THINGSTOGOBY , THINGSTOGOBY ANKURWARIKOO SAYSA
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Ankur Warikoo
Ankur Warikoo
@warikoo
How I created content in 2020

A thread...

Back in Aug 2016, I started creating content to share my experiences as an entrepreneur.
Over 3 years I had put out 1,200+ hours of content - posting every week without


Little did I know that something I started almost 4 years back would give my life an entirely new direction.

At the end of 2019, my biggest platform was LinkedIn with ~700K followers.

In Jan 2020, I decided to build a team that would help me with the content.

I ran a month long recruitment drive to hire a team of interns.

It comprised 4 detailed rounds - starting with my loved 20 questions, then an assignment, then a WhatsApp video round and finally F2F.

Through 1,200+ applications, I finally selected 6 profiles, starting March.

I am a firm believer in @peterthiel's one task, one person philosophy
So the team was structured such that everyone was responsible for ONLY one task

1. Content ideas
2. Videography
3. Video editing
4. LinkedIn (+TikTok) distribution
5. FB+IG distribution
6. YouTube distribution
FOR LATER READ
Ankur Warikoo
Ankur Warikoo
@warikoo
A set of 20 books, to understand the world.

A thread...

1.
Hands down the most powerful, yet simplistic description of

2.
This book bravely attempted to answer the "Why" of human existence and I personally think did a commendable

3.
The most hard-hitting book I remember reading, where I found myself in perpetual

4.
If I ever write a book on life, this would be my inspiration. The simplicity and impact of the book held me in
ALL , INSPIRATIONAL , BOOKLIST
Ankur Warikoo
Ankur Warikoo
@warikoo
20 books to read in your 20s

A thread...

Tuesday's with Morrie

I chanced upon this book in 1st yr of college and I am so glad I did. It gave me a perspective that I hadn't had until then, about the significance of

The Subtle Art of not giving a F*ck

So much of our 20s are spent in caring about what others think of us. This book changed and challenged so many views around that. While I read this book in my last 30s, I wish it was there when I was

The Alchemist

This book introduced to me the power of belief. And I think that has stayed with

Man's search for meaning

This book, from the eyes of a Jew in a Nazi concentration camp, is about my favorite thing in the
MISC

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WAKE UP AUSTRALIA WAKE...
@WakeAustralia
Facebook originally a CIA program called "LifeLog".
LifeLog, via DARPA, terminated on Feb 4th, 2004.
Facebook was launched on Feb 4th, 2004.
Many of the LifeLog team became execs at FB.
Zuckerberg is a figurehead.
CIA allowed Cambridge to help Trump win

https://t.co/enzOXDCogV


Pentagon Kills LifeLog
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Kostas on FIRE \U0001f525
Kostas on FIRE 🔥...
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The Mother of All Squeezes

How Volkswagen went from being on the brink of bankruptcy to the most valuable company in the world in two days

/THREAD/


1/ At the peak of the 2008 financial crisis, Volkswagen was considered a very likely candidate for bankruptcy.

Heavily indebted and already financially struggling before 2008, with car sales expected to plummet due to the ongoing global crisis.


2/ With GM and Chrysler filing for bankruptcy in 2009, shorting the VW stock would seem a safe bet.

If you are not familiar with stock shorts and short squeezes check my thread


3/ On October 26, 2008, Porsche announced it had increased its stake at VW from 30% to 74%.

This was a surprise to many who were led to believe that Porsche wasn't planning a takeover of VW, based on the company's announcements.


4/ Before the announcement, the short interest was approximately 13% of the outstanding shares, a number considered relatively low.

Porsche had a 30% stake, the Lower Saxony government fund held 20% of the shares, and another 5% was held by index funds.
BUSINESS
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Javier Ruiz
Javier Ruiz
@javierruiz
WTO e-commerce #digitaltrade consolidated draft leaked by @bilaterals_org Some interesting things (1/n)

(2/n) Intermediary liability is included without brackets, normally meaning there is some agreement. The text is based on US proposals but has more extensive caveats and exceptions than existing US trade deals


(3/n) No agreement on cross-border data flows at WTO #digitaltrade consolidated text


(4/n) FWIW The UK's (and US) position on WTO #digitaltrade exceptions to the liberalisation of cross-border data flows vs the EU's. Guess which one is which


(5/n) Financial data may be included in the ban on forced localisation of computing facilities, but with many caveats. US regulators had pushed against this in the past but they seem to be losing the battle. Several alt texts. UK to bring more proposals.
BUSINESS
ArmaLite Andy\U0001f943\U0001f96f\u2615
ArmaLite Andy🥃🥯☕...
@Deep_Seas_Oil
Piper Alpha was an originally designed as an oil producing rig in the North Sea approximately 120 miles North East of Aberdeen, Scotland. It was a fixed leg platform in water depth of 475 Feet of water. The installation sat close to 275 Feet above water to the top of the derrick.


2) It started production in December 1976 for OPCAL joint venture. OPCAL being Occidental Petroleum Caledonia, Texaco Britain, Thomson PLC, and Texas Petroleum LTD. Occidental was the majority stakeholder at 36.5%


3) Occidental being majority stakeholder took control of technical and operational duties with running and operating the rig. When oil production started in 1976 it started with a flow of 250,000 BBL/day and eventually increasing this amount to 300,000 BBL/day.


4) 300,000 BBL/day would account for approximately 10% of the UK’s oil production at the time, so needless to say it was one of the most important rigs in the area. Any gas that was flowing would be flared or consumed by gas turbine generators


5) Around 1980 there was a decision to convert the rig to also process gas along with the oil. This was a major conversion, and if it would have been scoped in from the beginning, most likely construction of the rig would have been more accommodating for gas.
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Andrew John Rainnie \U0001f3f4\U000e0067\U000e0062\U000e0073\U000e0063\U000e0074\U000e007f #amwriting
Andrew John Rainnie 🏴󠁧...
@AndrewRainnie
Over the last week, I've been blocked by various people, including an MSP, for allegedly being a conspiracy theorist, trying to sow division within @theSNP and #indy ranks.

Nothing could be further from the truth. I want independence for Scotland, plain and simple.

But I still have the right to challenge people if I think something is wrong, legally or morally, as recent events within the SNP seem to be.

But anyway, I'm not talking about that. Today I'm looking at the @NowScotlandNow logo.

I'm not a fan. Just to be clear, I want Scottish Independence. But the logo for the new organisation, unfortunately, doesn't work as well as the previous YES ones. It's a mix of the colour and the font used, which presumably is referencing Charlies Rennie Mackintosh.


The italics and thin font means it doesn't stand out. Plus, I associate Mackintosh more with Glasgow than Scotland as a whole. So I took some of the elements of the last two and looked at alternative fonts (that are all free BTW)

This font is called ChuckFive. It's big, bold and brash and you can read it a mile off.
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Hey, for people interested in this stuff, here's a thread about a change we made to running our facebook account:

So, about 5 years ago, we got on facebook. Why? Well, facebook has a big audience and they like to consume on facebook. So, we started posting comics there, even though we got paid nothing and facebook made money off the free content.

Why? Because back then, once in a while, you would say "also hey, I sell books" or "hey, I'm going to be signing at this event" and your facebook followers would actually see it.

Effectively, the implicit old arrangement was "facebook lets me reach readers efficiently, and I supply facebook with free content they run ads on."

Over time, like a bad business partner, facebook basically made it impossible to reach your audience without *paying them*. Thus, you supply them free content on which they run ads, and you get nothing in exchange.
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Homestays & Villas
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Best resort on the Ganga at Rishikesh
TRAVEL , TRAVELINDIA , PLACES 2TRAVEL
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Pran Katariya
Pran Katariya
@KatariyaPran
The Straddle is my favorite trade these days. But more often than not, one needs to adjust to make a good return from it. There are many ways to do this depending on your view, psychology and imagination. Will discuss a few that I use

The Straddle is a delta neutral strategy and it is important to keep deltas in check during the course of the Trade and not let them run away from you. Of course Volatility is the elephant in the room- but not going there as that will require a separate discussion

The first and most common method is to go 'inverted.' That is to say to shift the untested side to generate additional Premium and increase the runway to Breakeven. So if you start with a Straddle at 700 and price goes to 740, you can move the PE up to say 720.

How much should you move the untested side? While again this is a matter of skill, experience and artistry, the rule of thumb is to cut deltas by half. Remember, prices will move and you have to allow sufficient room for them to fluctuate

The second method is to shift the entire Straddle in the direction of the move. So if you have a 700 Straddle and Price goes to 740, you can shift the Straddle to 720. If you time this right, it can generally be done at virtually no cost or minimal cost.
ALL , OPTION SELLING , STRADDLE OPTION SELLING
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@Belposto_korea
The RV and the Redemption Funds.

ALL Exchanged Currencies as well as all Zim Redemption funds will be placed in the accounts they set up in the Quantum Financial System./1

Absolutely none of these funds will be placed in a Bank at the redemption appointment. Bank computers cannot be programmed to transfer Digital Gold Certificates./2

The QFS can and will transplant funds into a bank account as has been explained earlier,/3

so a person can transfer funds to their own bank account but the desirability will become less and less as the banks go into receivership and their customer’s deposits are confiscated to avoid the Bank’s demise./4

Which bank can compete with the QFS when the QFS is free, secure, private, and stable? One of the major problems in the transition will be the use of Debit Cards for merchant purchases. Will VISA or Mastercard be available?/5
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The New York Times
The New York Times
@nytimes
Stan Lee’s fictional superheroes lived in the real New York. Here’s where they lived, and why. https://t.co/oV1IGGN8R6


Stan Lee, who died Monday at 95, was born in Manhattan and graduated from DeWitt Clinton High School in the Bronx. His pulp-fiction heroes have come to define much of popular culture in the early 21st century.

Tying Marvel’s stable of pulp-fiction heroes to a real place — New York — served a counterbalance to the sometimes gravity-challenged action and the improbability of the stories. That was just what Stan Lee wanted. https://t.co/rDosqzpP8i


The New York universe hooked readers. And the artists drew what they were familiar with, which made the Marvel universe authentic-looking, down to the water towers atop many of the buildings. https://t.co/rDosqzpP8i


The Avengers Mansion was a Beaux-Arts palace. Fans know it as 890 Fifth Avenue. The Frick Collection, which now occupies the place, uses the address of the front door: 1 East 70th Street.
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