Phillip Capital note on #Prajindustries

In 1959, a Swedish engineer at Volvo patented what would become one of the greatest inventions of all time

Volvo stood to make billions

But after a meeting with Volvo's President, he decided to give it away for free - and it changed the world

Here’s how that meeting went 🧶👇

1) After receiving his mechanical engineering degree from a University in his hometown of Härnösand, Sweden, Nils Bohlin joined aircraft maker Saab to work on ejector seats.

For 16 years, he continued to focus on safety and was eventually designing complete pilot rescue systems.

2) Nils was anchored to the idea of safety above all else, and brought this same mentality to a welcoming team at Volvo.

There, he focused his attention on all the driver and passenger safety systems, starting with seatbelts.

3) Seatbelts weren’t a standard feature in cars at the time. Upgrading would get you seatbelts consisting of a simple lap band, like those used in airplanes today.

While better than nothing, these two-point seat belts didn’t adequately protect the human body in collisions.

4) “I realized both the upper and lower body must be held securely in place with one strap across the chest and one across the hips”

In just one short year of applying his aircraft safety experience to cars, Nils invented the V-Type three point safety belt.

Sharing one incident... After Modi's Trichy youth conference, the very next morning when police were clearing up their mini-control room, they found 5 strange boys who were roaming there with bags. When police enquired them "sir, we are from Subramaniapuram in Trichy.

Whatever political meeting or conference is held in this ground, we come here on the same night or morning hours to collect the Liquor bottles to sell in the scrap shop for 50 paisa to 1 rupee per bottle and we used to earn Rs 200 to Rs 400 on each such event.

Even in the last DMK meeting the very next day we collected around 1500 bottles. But for Modi's BJP meeting, we could not find even a single bottle in the whole ground. We are coming around and around and not a single bottle in any corner of the G Corner ground in Trichy,

we are much disappointed, sir!". Police seem were stunned and pleasantly surprised. This is what Modi magic does in this nation. Modi is the one who can lead our nation and make everyone prosper with hardwork in right direction and proper approach.

This funny but interesting anecdote was published by a statewide local daily Dinamalar. I have just translated and posting it here for rest of the nation; We should realise Modi is liked by every patriotic person in this nation especially by well educated,

Rio de Janeiro, 1920. 🇧🇷

São Paulo, 1910. 🇧🇷

“Arpoador”, Rio de Janeiro, 1900. 🇧🇷

“Avenida Paulista”, São Paulo, 1902. 🇧🇷

Recife, 1885. 🇧🇷

How to get rich trading (without getting lucky)

Complete beginner’s guide to wealth of Rs 10 Cr in 10 years

Step 1: start trading live

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Nothing can substitute experience of live trading

No amount of back-test, studies or indicators can substitute training your mind with screen time

As a beginner, In live trading, you will make losses almost everyday

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So here are the conditions which you can’t violate in first year
If you can’t follow these rules, this document is not for you

Start with trading capital of Rs 1 lakhs

Max loss per trade 0.25%, i.e. 250 Rs

Max loss for the day, 1%, i.e. Rs 1000

Max 6 trades in a day

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I know, these conditions will cripple you in terms of what all you can trade and how

But just like any start up, trading is also about making it through initial gruelling constraints of life

You will also learn, how to turn these adverse rules to your advantage

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Btw, you can sell directional banknifty options, obviously you can buy options, can do cash stock trading and much more under these conditions

Think about it, you will be do all kinds of instruments, just that PNL will not be roller coaster ride or exciting like a casino

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7 Stocks which are consistently taking support at 50 day exponential moving average (50DEMA) for last few times and are trading near 50 DEMA

1) Apollo Hospitals

2) Elgi Equipments

3) J K Cements

4) Oriental Aromatics

5) Prism Johnson