(An extract from Field Marshal Sam Manekshaw, Soldiering with Dignity)
The man eventually destined to be free India's first Field Marshal was born on 3rd April 1914 at Amritsar. How did a Parsi couple settle for the holy city of the Sikhs? I once asked him and was told that in+
The Manekshaws had six children, four boys and two girls, and Sam was the fifth child. Sam had his schooling at Nainital's Sherwood College.+
On 22nd February 1942, occurred the much publicised event when Sam was wounded.+
Consequently, these gentlemen would turn up whenever it suited them with a string of requests that ranged from wanting a bag of sugar for a daughter's marriage (easy to solve) to asking that a relative or+
The war over, saw Sam working in the military operations directorate at army headquarters, first as a general staff officer grade I, and later as director of military operations. It was from here that he oversaw the fighting that broke out between India+
Promotions followed in rapid succession and 1959 saw Sam as commandant of the Defence Services Staff College. There his outspoken frankness got him+
The North Eastern Frontier Agency, now called Arunachal Pradesh, was where we suffered our worst defeat, and it was to 4 Corps that providence ironically decreed and+
At a meeting in Delhi a few months later, Chavan, then the defence minister, asked him his views on which army command Sam considered most important, challenging and threatened. Eastern, said Sam, as it had the Chinese in the North,+
Eastern Army had to keep one wary eye directed north on the Chinese; another eye had to be kept on erstwhile east Pakistan which lay in its gut, it had to fight insurgency in Nagaland+
I remember an occasion in Shillong where I once asked the senior staff officer why he was looking a bit off-colour. He told me he had just finished a telephone conversation+
His mastery of detail was fantastic and, as I was to learn later, he could quote an answer given verbally or in writing months previously to correct someone who was saying something+
He was officiating as army chief in 1967 when the Chinese had their first clash with the Indian Army since 1962. This occurred at the 14000 foot high pass, Natu La, in Sikkim where the+
Bengal in those days was a very troubled state where anarchy was prevalent, and law and+
The outrider and the staff officer accompanying him both advised a detour, but this would have meant+
By then Sam Manekshaw had become one of the most popular and well-known officers in the Indian Army.+
More from History
THREAD: With #silversqueeze trending on Twitter, it appears that this week's market spectacle may well be in the silver market.
A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...
1/ First, let's set the stage.
The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.
H.L. Hunt had amassed a billion-dollar fortune in the oil industry.
He died in 1974 and left that fortune to his family.
2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.
By the late 1970s, the family's fortune was estimated to be ~$5 billion.
In the financial world, the Hunt name was as good as gold (or silver!).
3/ But the 1970s were a turbulent time in America.
Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.
4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.
To hedge this risk, they turned to silver.
They began buying the metal at ~$3 per ounce in 1973.
A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...
1/ First, let's set the stage.
The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.
H.L. Hunt had amassed a billion-dollar fortune in the oil industry.
He died in 1974 and left that fortune to his family.
2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.
By the late 1970s, the family's fortune was estimated to be ~$5 billion.
In the financial world, the Hunt name was as good as gold (or silver!).
3/ But the 1970s were a turbulent time in America.
Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.
Stagflation 101
— Sahil Bloom (@SahilBloom) September 2, 2020
The term "stagflation" is used frequently in discussions of monetary policy and risks in the post-COVID world.
But what is stagflation and how does it work?
Here's Stagflation 101!
\U0001f447\U0001f447\U0001f447 pic.twitter.com/at4FmaCmkM
4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.
To hedge this risk, they turned to silver.
They began buying the metal at ~$3 per ounce in 1973.
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brew / bru : / to make (beer, coffee etc.) / verb: begin to develop 🌱
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(we’re still working on the pitch)
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cc @altimor, @pmarca
4/ https://t.co/GOQJ7LjQ2t domain 🍻
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Week 1 highlights: getting shortlisted for YC W2019🤞, acquiring a premium domain💰, meeting Substack's @hamishmckenzie and Stripe CEO @patrickc 🤩
2/ So what is Brew?
brew / bru : / to make (beer, coffee etc.) / verb: begin to develop 🌱
A place for you to enjoy premium content while supporting your favorite creators. Sort of like a ‘Consumer-facing Patreon’ cc @jackconte
(we’re still working on the pitch)
3/ So, why be so transparent? Two words: launch strategy.
jk 😅 a) I loooove doing something consistently for a long period of time b) limited downside and infinite upside (feedback, accountability, reach).
cc @altimor, @pmarca
4/ https://t.co/GOQJ7LjQ2t domain 🍻
It started with a cold email. Guess what? He was using BuyMeACoffee on his blog, and was excited to hear about what we're building next. Within 2w, we signed the deal at @Escrowcom's SF office. You’re a pleasure to work with @MichaelCyger!
5/ @ycombinator's invite for the in-person interview arrived that evening. Quite a day!
Thanks @patio11 for the thoughtful feedback on our YC application, and @gabhubert for your directions on positioning the product — set the tone for our pitch!