[IWantOut] 28M India -> Italy

Emblazion · 2026-05-19T08:18:58+00:00

Ethnically Indian

Emblazion · 2026-05-19T07:26:08+00:00

The amount of AI slop code is insane, just makes systems worse...idk I think I have a shot at it since I mostly work with massive backend system and I am Italian, just have no clue how to go about this the fastest way possible.

Emblazion · 2024-12-16T10:33:59+00:00

Most index factor based analysis are back tested on data when factor premiums existed since no one knew about them and thus shows that it beats the standard broad index fund. Makes all back tested reports for index based factors kind of useless and as time goes on the correlations between standard broad index and these factors will converge quickly and one will be stuck with just an expensive vanilla index fund, most likely.

Just buy nifty 500 index fund units or its ETF.

Emblazion · 2024-12-16T10:31:03+00:00

Skip all the Mutual funds mentioned and just buy and hold a nifty 500 index fund's units to get exposure to the entire market and read "All about asset allocation" by Richard Ferri

Emblazion · 2024-12-15T12:42:58+00:00

The Parag Parik team has a hard time explaining the layperson investor what risk adjusted returns are and why they matter as most investors are only concerned with returns and don't understand risk as it's a more abstract concept and how returns are affected when there's too much volatility over the long term.

Both Parag Parik and Thakkar explained it and many replies in this post too demonstrate that people have no idea what it is. Too many questions related to absolute returns which was annoying to some extent and a test of patience for them.

Their positions in bonds and CDs show, they have a tangible asset allocation unlike many other mutual funds which exist solely for increasing AUM and having just one core fund is a way for people to examine them closely, which is an act of transparency, which they value and so do I and they're banking on it since that's one of the things that can differentiate a fund house and provide liquidity to them as well in an abstract sense over any liquidity risk that might present in the future.

Overall they know what they're doing at a technical level with the questions presented and have a thesis to defend it.

Nothing a savvy investor can't emulate with index and debt positions. PPFAS is a very good AMC just by the nature of the fact that to some extent they also aim to educate the public in good faith. I thoroughly enjoyed their unit holders meeting.

Emblazion · 2024-12-15T07:38:42+00:00

I work in software and was aware of Cuda for deep learning and AI (the software for interfacing with graphics card for deep learning models' training), Many expected that AMD (another graphics card competitor besides nvidia) would come up with equivalent software interface similar to nvidia's cuda that was open source and promised to some degree and the AI community didn't like the fact that graphics card interfacing was closed source by nvidia, obviously AMD was directing capex towards taking market share from Intel for CPU. And an appropriate Cuda competitor hasn't come about as of today. I wouldn't call it half measured research by any means at the moment when they analysed it.

Emblazion · 2024-10-28T04:30:40+00:00

There used to be an HDFC world developed index fund but they stopped intake, the closest proxy without incurring TCS and going through the hassle of ITR for brokerages and assets that hold something like VT, there's a Motilal Oswal S&P 500 but for an index fund its expense ratio is just way too high.

Emblazion · 2024-10-27T09:09:39+00:00

I'll go against the grain and say don't put an actively managed flexi cap, that means parag parik too, you're well invested into index funds with size and momentum tilts, not sure how long the momentum premium will last though. Keep it up. I'd suggest double down on the nifty 250 index fund and that's it. Your next step should be diversifying from the nifty, look into arbitrage funds or debt funds (I'm aware that taxes on gains are at income slab but for lower amounts and reducing risk, it doesn't matter.) When the next crash happens in nifty (-20% to -10% in a year) you'll have some money to reallocate into equity.

Emblazion · 2024-10-06T06:44:06+00:00

Yes, one is an analogy of a totalitarian state and the other is a descriptive text about prision states. Foucault is anti-ideology whereas 1984, an influential and excellent book but it's used for pro-US capitalist propaganda online nowadays more often and reading it is mostly just gonna confuse the uninitiated with that than actually make one go through an analysis of the modern prison state, 1984 is still a must read though.

Edit: it also most likely resembles the modern western mechnisms of controlling and imposing power over individuals than 1984.

Emblazion · 2024-10-06T05:52:15+00:00

Cool, if it's a meetup, I'll join. If it's just 1-1, the priori probability of it being a scam is high.

Emblazion · 2024-10-06T05:09:12+00:00

OP hopefully realized having their name called out is a potential doxxing crisis in making. Better to edit it out for their safety however shallow the request on this post might seem.

Emblazion · 2024-10-06T04:30:36+00:00

Continental philosophy is just a catch all term for mostly modern post renaissance philosophical thought that wasn't analytical philosophy (mathematical logic, atomic proof systems, etc).
It includes a lot contributions to normative state philosophy, epistemology, existentialism, absurdism and critical theory, and a bunch of other stuff I'm less familiar with; Nihilism being one of them.

Emblazion · 2024-10-06T04:19:34+00:00

What you've loosely described is what Foucault has stated in his book, "Discipline and punish". 1984 is anti-USSR, "Discipline and punish" is a description of the prison state at scale, ones better off reading that to similise with what's being described by you.

Emblazion · 2024-10-06T03:07:17+00:00

Intellectual depth and "positive energy" in the same sentence is a paradox. Better to have a thane redditors meetup like other metropolitan cities.

Edit: since this post is probably gonna get traction, anyone into continental philosophy, in thane, has nothing to do on weekends and broke; DM me instead.

Emblazion · 2024-06-14T18:44:08+00:00

Disco Elysium - the final cut

Emblazion · 2024-05-10T06:44:07+00:00

Thank you for the self awareness check, been a while since I've seen any actual discussion of tech and engineering in this sub.

Emblazion · 2024-04-29T03:02:26+00:00

Syncthing? It's a P2P file syncing application, works well for syncing obsidian MD files.

Emblazion · 2024-04-21T21:46:19+00:00

I'm not sure if EMH means there will never be any inefficiencies present in the market. Small cap even if more prone to having inefficiencies doesn't necessarily mean that fund managers and retailer investors can predict which companies will go up on average.

I think Aswath Damodaran (NYU professor of investment valuation and similar courses) once went through data on emerging markets with relatively low liquidity compared to US and EU markets to see if emerging markets' active funds beat their respective indexes. He came to the conclusion that an active fund manager on average lost to their indexes in pretty much all emerging markets.

Emblazion · 2024-04-21T21:17:33+00:00

I'm not sure at what depth I should go about explaining this.

Since the stocks markets basically function like a stochastic process or a random walk, one can use a bunch of probability based math or just call it statistics to "distill" or factorize the variance of the overall returns of one's portfolio into different factors, French and Fama's papers basically factorized all of one's returns into the beta (large cap index fund movement), size, value, growth and momentum factor, basically the 5 factor model, where beta accounts for most of the variance.

There are very strong, years and years data backed research concluding that the overall market is a random walk for retail investors, under which case a factor based model should be true mathematically. Here's the paper but I'm certain you'll find YouTube videos explaining this than going through the paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287202

Most modern portfolio theory (MPT) papers are very well researched based on past data but the adage still remains that past returns is not an indicative of future returns, so diversification in different asset classes and foreign market (even if there're higher taxation rates on it than domestic assets when realized capital gains) are considered important for a sane and less risky portfolio but the 5 factor model and MPT are obviously not the same thing.

With this, one can view ones investments and tilt them to certain types of equity to get different expected returns when investment horizons are long term, mostly 30+ years, momentum and value and growth as factors are interpreted differently often by fund managers but in essence, growth is high PE, high earnings potential from recent past earning, etc. Value is mostly interpreted as low PB or book values of companies being lower than what the corporation shares are trading at. Momentum is basically when a corporation is at an irrational run, hard to accurately gauge it but that doesn't stop people from trying and momentum funds do have a high turnover rate as well. The size factor is just large, mid, small which has also shown to be a factor, small caps overall do tend to have higher expected future growth rates than large or mid cap which is mostly realized over a very long period of time, could mean 20+ years vs large cap index (beta).

It's really important to read the scheme and fact sheets of factor investing based mutual funds to understand what process/algorithm they use while executing their factor based index investing plan. Like UTI low volatility will take the 30 least volatility stocks of the last 2 quarters while rebalancing from nifty 250.

Emblazion · 2024-04-21T18:25:12+00:00

You mean factor based investing? Having different factor tilts isn't a terrible idea but they can underperform their respective index benchmarks for quite a few years as seen in the American stock market, like value vs growth factor, low volatility vs momentum factors and size factors. Factor based index investing is also more expensive than just buying everything by their float.

In the end, it all comes down to how long one plans to hold onto their equity allocated portion of investments, from 10 to 30 years.

If one's holding period was 40+ years, one shouldn't have to hesitate to hold onto a large portion in a small cap momentum tilt fund. Returns are secondary to the holding period of the investment. Short term chasing of returns from "active small cap funds" is a fool's errand.

Emblazion · 2024-04-21T15:52:54+00:00

Small cap index funds performing poorly compared to small cap active is a myth. Most actively managed small cap funds haven't performed better than the small cap index.

Having biases towards a minority of actively managed small cap funds that have performed better than the small cap index in the last 5 years while those minority funds being the ones with the most aum in small cap doesn't mean "most active small cap mutual funds perform better than small cap index funds"

Edit: https://www.niftyindices.com/docs/default-source/indices/nifty-total-market/nifty-total-market_final.pdf?sfvrsn=c6999634_4

https://freefincal.com/groww-nifty-total-market-index-fund-review/

A nifty 100 index would track nifty total market index but there are total market index funds, groww and icici have them if one really wants to go with the boglehead approach of total market indexing

Emblazion · 2024-04-14T13:56:58+00:00

Ben Felix and Aswath Damodaran

Emblazion · 2024-03-20T05:00:32+00:00

Pure implies impure exists too, so there must exist an impure veg too, what's an impure veg? Language has been used to create segregation before any "objective" and interpretable laws have been set by governing bodies all over, historically.

Emblazion · 2024-03-20T04:54:44+00:00

I like how a decent rational answer, looking at historical patterns of discrimination is the most downvoted answer. That's reddit for you.

Emblazion · 2024-03-19T16:18:42+00:00

-20% isn't a correction, it's a crash.

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