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 86 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
Escobari: US VIX Is Trading at Three Times Historical Average
“The US has become a lot more volatile than it used to be. If you look at the VIX, it's at three times. The VIX is the volatility index. Three times the average.”
Marks: Buying Nifty 50 stocks in 1969 led to 95% losses
“And if you bought those stocks, the day I got to work in September of 69, if you held them tenaciously for five years, you lost about 95% of your money. 95%. Because for many of them, something did go wrong, and for all of them, the price was too high. The P.E…”
Bombay Shaving Company reaches 500 crore INR net revenue profitably
“And today we are now 500 crores net. Profitable. EBITDA and PAT both.”
Shankar: Listed Indian Real Estate Developers Operate at Slim PAT Margins
“Actually, if you look at the listed entities, the margins, like you said, profit after tax is very slim. It's very slim. That's it. That's in a, yeah, in a good year. Otherwise, sometimes it's a high single digits also. Pat, I'm talking about.”
Kamath: Luxury giants LVMH, Kering, and Burberry face multi-decade sales declines
“If you look at LVMH, if you look at Kering, which owns Gucci, if you look at Burberry, their sales are declining for the first time in a multi-decade period. They're starting to fire 10% of their staff.”
Khaitan: Sponsoring the IPL requires a ₹100 crore budget
“IPL, if you sponsor, you have to have a budget of a hundred crore.”
Khaitan: Radico Khaitan contributes 26% of Uttar Pradesh's alcohol excise revenue
“And we contribute 26% of the state's revenue.”
Kim: Fresh IIT grads can earn 50 lakhs in game engineering
“So like, if you go to IIT and you come out, you can make, you know, 40, 50 lakhs.”
Ritesh Agarwal: Bangladesh per capita income is highest in South Asia
“The per capita income of Bangladesh is probably the highest in South Asia.”
Poddar: Rare Rabbit is the only brand without a chest logo
“Rigidity for me is that I'm the only, we are the only brand which has no logo on the chest.”
Poddar: Khadi is the only fabric in the world unique to India
“And today the advice to a 20 year is go and try to touch Khadi because it's the only fabric in the world, which only exists in India. There's no other, every other fabric is global. This is only India.”
Poddar: India is the only country growing organic denim
“And we make, we are the only country who grows organic denim.”
Agarwal: Masayoshi Son's telecom business is probably Japan's most profitable
“Built his own telecom business, which is now probably the most profitable business in Japan and one of the most profitable telecom business in the world in terms of construct.”
Narain: Delhi introduced 100,000 CNG vehicles in one year
“When we move to compressed natural gas in Delhi, CNG, we've brought in a 100,000 new vehicles in gas in a matter of a year.”
Amlani: India Reduced Restaurant License Requirements From 36 to 32
“We're still grappling with 36. I think after many years of struggle, I think we've been able to get it from 36 to 32.”
Amlani: India's Casual Dining Market is 4x Larger Than QSR
“They're going to CDRs a lot more. The market is four times as big, is growing at 20%, whereas QSRs have kind of hit a road bump.”
Kamath: Instagram sold 44M blue checkmarks mostly to 18-34 demographic
“Instagram sold as much as forty-four million blue ticks, mostly to people in the age group of 18 to 34.”
Kotak: Kotak Is the Only Large Indian Bank Offering Zero-Balance Accounts
“We are the only large bank in India to offer a bank account with zero minimum balance, which is very compelling for most of India that does not have 10,000 rupees.”
Kumar: Third Wave Coffee is profitable and valued around $200M
“I think somewhere now they are valued around two hundred million, something like that. And it's good because they're profitable business.”
Zhu: RMB Devalued 30% Over a Decade Before Rebounding 10–15%
“China started its exchange rate reform about a decade ago, and then RMB went down in devaluation for about a 30%, but it has appreciated 10 to 15% since last summer.”
Escobari: China's GDP was 20% larger than Brazil's in 2000, now 14x
“At the time, the GDP of China was 20% bigger than that of Brazil. Today, it's 14 times bigger.”
ElevenLabs CEO: Automatic podcast dubbing costs up to a few dollars per hour
“If you just wanted to automatically dab, then like an hour podcast will be a few dollars, up to a few dollars.”
Kamath's grant program produced multiple $50M startups including pet company Possible
“Like there's a pet protein company called Possible, which is now worth maybe 40, fifty million. There have been like three, four, fifty million kind of outcomes.”
Bhakti Modi: Hair accounts for 70% of the beauty services industry
“If you look at the services industry, on the other hand it's all about hair. So skin and makeup services are not huge. 70%.”
Bombay Shaving Company will exceed 2020-2021 annual revenue in EBITDA this year
“So we will do more EBITDA this year than the revenue in”
Netflix Originally Sourced Its DVDs From Walmart and Best Buy
“Basically the company at the time was buying all the DVDs from Walmart and Best Buy and that kind of thing.”
Pei: Chipmakers earn 40-45% gross margins while Foxconn earns roughly 10%
“Nvidia, I don't know, is it or Qualcomm's, 4060, 40, 45%, I think, just declared, yeah. Gross margin. But Foxconn is, I think, 10%.”
Sharma: India's PLI scheme covers 70-75% of mobile phone component value
“So as of now, they have structured it for, let's say, components, which are high in value, let's say, which covers 70 to 75% of the mobile phone.”
Shankar: One Billion Square Feet of US Grade A Office Sits Empty
“In the US, of course, There is about one billion square feet of grade A office space that is lying empty.”
Poddar: Jack & Jones founder is Denmark's richest person
“Mr. Truce Paulson. He's the richest Danish man.”
Agarwal: OYO raised close to $1.5 billion in total capital
“Yeah, we raised close to a billion and a half dollars.”
Puneet Goyal sold PLG Clean Energy Projects to Suzlon for $55M
“My third venture was another solar project founded PLG Cleanerji projects. We did a small 70 megaw solar power plant in Dhulen, Maastra. Again, Anmol's company, Jensol, played a part there in getting up that power plant also... Sold that to a large listed enti…”
Goyal: India's annual oil import bill doubled to $120B in five years
“The numbers doubled. It was sixty billion dollars in 2018. Yeah. When we were writing the white paper for BlueSmart. Now that number is hundred and twenty billion dollars.”
Amlani: India Levies a 180% Import Tariff on Coffee Beans
“For example, if you were to import coffee beans, and I think Starbucks faces this challenge. It's a 180% duty on coffee. It's more than what you'd pay for a car because you're protecting your agricultural economy.”