The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Kamath: Zerodha earns less revenue per user than government taxes and fees
“We as a broker end up making lesser revenue as a typical user might pay in security transaction tax, plus the transaction charge that an exchange charges, plus SEBI says, education says, all of that put together.”
Kamath: Illegal off-exchange 'dabba' trading is Zerodha's biggest business hindrance
“Settling amongst each other, or they're betting against a local broker who's not going to the formal exchanges. It's the biggest hindrance to our business.”
Kamath: Zerodha's moat is regulatory compliance rather than user interface
“The interface in businesses like us, I agree with you a hundred percent will become irrelevant. If I could use the analogy of say cryptocurrency and the blockchain, I think where people like us come in is we're essentially not a company of interface, but a com…”
Nikhil Kamath Has Not Taken A Trading Day Off In 18 Years
“You know, like, since the day I started trading, I'm talking like, 17, 18 years. I think I was sick once. Sick enough not to trade. And I was in the hospital for 10 days or something. I'm talking, what was that, 1213 years ago? Something like that. 1213 years …”
Kamath uses neural networks trained on market data for trading
“I know a little bit about neural networks because we use it in trading, right? Like we dump in volume, price, time, data, and we wait for the network to throw out patterns that it could recognize in the past.”
Kamath: Zerodha has run zero ads in 15 to 16 years
“Like us, inherently, we, we've never done ads, and I don't mean in like one, two years, but I'm talking about like, 1516 years.”
Kamath: Zerodha Has Never Raised Any External Capital For Its Businesses
“We've never raised any capital in anything.”
Nithin Kamath: Zerodha Has Grown To Approximately 1.1 Crore Customers
“So 2010, we started Zarodha, you know, and, ah it started off as I mean, it was not meant to be what it is today, you know, like, I still remember the first email I had sent, I said, if we can get to 10,000 customers, we have arrived in life, you know, so, we …”