🎉 🎉 Kunal has agreed to do an AMA for listeners who have follow-on questions for him. How to participate: 1. Listen to the podcast 2. Post your key insights from the podcast on youtube comments, twitter, or your blog 3. Fill this form with a link to your insights: docs.google.com/forms/d/e/1FAIpQLSea7ekMUuZpwemIjVvQ9EozbQa_7JkdTma5IUt_S9Po52NA6w/viewform Last date for participating: 14th Feb 2021. If you meet the requirements above, you will be invited to an online AMA with Kunal in Feb or March 2021.
1.Kunal talks about bringing more equality leads to more inequality (default state of nature) is there any good article you can recommend.? 2. Only monarchs were rich, people were mostly poor, any good history book/s about such Indian history that you can recommend.. Thank you 😊🙏
Great Podcast Paras! Kunal is insightful as always! Key takeaways: 1. Wasting resources is best form of signalling prosperity 2. How to bootstrap status? SKILLS! Eg. Athletes 3. Absence of father figures => Demand for motivational figures (babas) 4. Thinking is energy inefficient and most people avoid 5. Low trust => High friction transaction => High margins for platforms Eg. Cars24 6. How high-trust societies make it easy to conduct business and prosper (Eg. Palanpuri Diamond Traders and Kutchi shopkeepers give loans w/o collateral) 7. How to increase trust? Strong judiciary 8. Never envy others achievements always envy their skills
The best thing said in this podcast is that India’s biggest problem is taking massive pride in it’s past without concentrating much on the present and future. This is exactly what I think.
I somehow tend to disagree with it. There is nothing wrong in having pride in one's past. If used in the right way, it can prove to be a great motivator and a catalyst. Problem is of hubris and entitlement. Not worth conflating the two
@@ninadk30 absolutely no problem in taking pride in the past. But when taking pride in the past becomes more important than planning where we should go, it becomes a massive problem.
@@divyamgoel6629 That is what I was getting at. Hubris and entitlement are problems. Not the past itself. The past has a lot to teach. Take it, internalize it and move ahead
Have you seen people putting stickers like "maratha" "Rajput " And make these people stand at the border they will comeback within seconds taking pride on your culture is good but what about future
To make India prosper, just keep having such discussions. Even if 0.5% population of India starts thinking on these lines, we will be prosperous to some extent. I want my 2 yr old son to grow hearing such intellectual talks. Take a bow both of you
Both have great twitter feeds. Kunal is a great pragmatist pessimist, yet healthy pessimist. This podcast is the best thing started by Paras, getting heavy Lex Fridman vibes.
Takeaway- 1. Bootstrap status through any vertical, public governance seems like the pinnacle 2. Most people don't want to think, it is energy inefficient. Opens up the market for assertive leaders 3. Information to build permanence 4. There is no such thing as equality, we converge to finding differences. Over and over again. Wealth inequality can help everyone. Pursuit of equality breeds resentment. 5. Collaboration, communication breaks down in low-trust societies. They don't prosper. Precise language builds trustworthy behaviour.
Brilliant point on Indians obsession with past. Somehow, Indians seem to be happy with the fact handful of kings and zamindars were very wealthy in the past but never pause and think how their own forefathers led their lives in the past .
What I have been waiting for since the time you launched Podcast. Need to block my own calendar to watch, understand, learn and take notes. This is going to be amazing.
Taxing the rich less than the middle class is an interesting thought. The risk is dramatic reduction in the aggregate demand or increase in general level debt. Kautilya had a form of a wealth tax on the rich as well. Not saying it would work today but the rich get the axe anyways but are compensated in other ways.
- There is nothing like equality. We are designed to find inequality. - Information to build permanence. - What makes a startup successful? › Constantly making things efficient on existing motivation. › Creating new motivations. Tech startups are bad at creating motivations, contrary to the FMCG's. -Compounding can make you or break you. Break you: everything will inflate and you will not be able to catch up. Make you: If you have surplus capital, interest/investing from that can create you more wealth. - A status inequality society will not increase for everyone. But wealth inequality society will allow everyone to be wealthy.
Key Insights: 1. Trust unlocks value 2. Envy is hyper-local , get envy by skills not by outcome 3. Understanding human motivation very helpful 4. Capitalism is not a zero-sum game 5. Democracy is the process of choosing most popular leader 6. India is a status driven society 7. We talk in a lot of ambiguous ways, not in precise ways 8. Travel more , outside India
I have watched almost every talk and interviews of Kunal shah so I'm hoping we will get to listen whole different discussion and dive more deeper, will update the comment after watching the video.
@@GanggsterR everyday while commuting to work and while coming back I hear various podcasts wherever he is featured. For some reason I can so much relate to him and he gives that hope that one doesn't have to be an engineer always to enter tech space. All you need is a vision and ability to see what others can't in this herd. And then you make yourself heard.
Wealth doesn't guide Indians as Kunal says. Status probably does to a great extent but I think Indians are on a better footing than other societies. The Chinese and the westerners may be more productive and efficient but they seem rigid and delicate while Indians have a robustness of sorts to them.
This is the problem. In almost every interview, Kunal Ji is impeccable when he's talking business, and behaviour and other superb stuff that keep blowing a bulb at regular intervals. But I 🤦 at moments like 1:04:45 with sadness when a super well read, composed mind like Kunal's seems to have been misfed in terms of history. I just wish there was a way to connect Kunal Ji with Balaji Srinivasan at one platform and listen to these two great minds discuss. Imagine the butter coming out of this churn. Priceless.
I'm sorry idk much - india was largest economy with high gdp onec upon a time. But even at that time it was just emperors, industrialists and kings were rich. Not every other common man. That's what he said. He's right. Why do say it otherwise?
Key Insights 1) Wasting money means high status means more trustworthy. 2) We as a nation dont know what we want. 3) GDP of country increases by people creating more wealth. 4) Its very important to understand compounding. 5) We need to celebrate more entreprenuers,scientist,inventors.
Very interesting points. @53:00, Kunal says that Indians have not figured out how to scale anything. I have to disagree. Examples: Amul, Indian elections, Competitive exams, Dabbawalas, Fevicol/Pdilite, Tata group, Reliance & Jio and many many more such examples. While I agree that most businessmen don’t think of scaling in India, there are tons of examples of scaling in India. I guess this is what he meant. But, I am not sure.
Interesting point about Apple. I think the "Shot on iPhone" has less to do with status, and more to do with Apple being clear about who they are and what they are selling, and those two being the same. Their identity is clear - great experience, wonderful visuals. And associate that with the product. Other brands aren't clear about that. Though of course I agree that iPhone is a high status product. Also, slight disagreement on the Airpods. I agree lots of people buy it for the coolness and jewelry factor, but the integrated experience with iOS is materially different.
On scalability and doing something impactful (in the context of India), isn't UPI a good example? The online payment infrastructure at such a scale seems to be a unique and big achievement. What are your thoughts about this? Would you consider this as a signal for transformation of the country for good?
"What if richer sections have to pay lesser taxes ?" Interesting question Kunal, but isn't it was the sane case in French revolution that clergy, nobles paid nothing and third level of poors have to pay all the taxes ? That didn't turn out quite well, either. Any points, anyone ?
Democracy is the process of hiring the most popular leader and not the most competent one. Standardization is the only way something scales. It becomes the language and currency through which people speak.
Pod notes/Key Insights: Procrastination - Reference to the work culture you're trying to change wrt to the time delay in doing a task - People in India fundamentally tend to face this issue because there's way too much interactions and Brownian motion of people interaction as opposed to other countries where they have better control on their time -So how do you reward anti-procrastination with a status game, if that is something possible?
9:16 That iphone example bhai kya bulu nahi nahi kya bolu bro kya dimag h your are literally gold To make their products premium they make it hell simple bcoz masses like simple stuff and generally nerds are not cool so android, linux are not cool software even if there are more features in these software I think to gain status "for brands" Either make it simple Or make it such that it's hard to understand "not complex"
On credit card you if you pay 100 rs by taking loan you loose 231 rs in total , vs if you took on official loan if you want to know how if would gladly explain
The only argument i agree to disagree is that allowing Jeff Bezos to get richer will help reducing wealth inequality because there is only an infinite amount Jeff Bezos can/will consume.
🎉 🎉 Kunal has agreed to do an AMA for listeners who have follow-on questions for him.
How to participate:
1. Listen to the podcast
2. Post your key insights from the podcast on youtube comments, twitter, or your blog
3. Fill this form with a link to your insights: docs.google.com/forms/d/e/1FAIpQLSea7ekMUuZpwemIjVvQ9EozbQa_7JkdTma5IUt_S9Po52NA6w/viewform
Last date for participating: 14th Feb 2021.
If you meet the requirements above, you will be invited to an online AMA with Kunal in Feb or March 2021.
Notes from the Podcast (twitter.com/PlanningIndust1/status/1361285940686123010?s=20)
1.Kunal talks about bringing more equality leads to more inequality (default state of nature) is there any good article you can recommend.?
2. Only monarchs were rich, people were mostly poor, any good history book/s about such Indian history that you can recommend.. Thank you 😊🙏
Great Podcast Paras! Kunal is insightful as always!
Key takeaways:
1. Wasting resources is best form of signalling prosperity
2. How to bootstrap status? SKILLS! Eg. Athletes
3. Absence of father figures => Demand for motivational figures (babas)
4. Thinking is energy inefficient and most people avoid
5. Low trust => High friction transaction => High margins for platforms Eg. Cars24
6. How high-trust societies make it easy to conduct business and prosper (Eg. Palanpuri Diamond Traders and Kutchi shopkeepers give loans w/o collateral)
7. How to increase trust? Strong judiciary
8. Never envy others achievements always envy their skills
Always
Awesome👍
The best thing said in this podcast is that India’s biggest problem is taking massive pride in it’s past without concentrating much on the present and future. This is exactly what I think.
I somehow tend to disagree with it. There is nothing wrong in having pride in one's past. If used in the right way, it can prove to be a great motivator and a catalyst. Problem is of hubris and entitlement. Not worth conflating the two
@@ninadk30 absolutely no problem in taking pride in the past. But when taking pride in the past becomes more important than planning where we should go, it becomes a massive problem.
@@divyamgoel6629 That is what I was getting at. Hubris and entitlement are problems. Not the past itself. The past has a lot to teach. Take it, internalize it and move ahead
Have you seen people putting stickers like "maratha" "Rajput " And make these people stand at the border they will comeback within seconds taking pride on your culture is good but what about future
@@Abhyuday_rai people like to make themselves feel good by piggybacking on other people’s achievements.
To make India prosper, just keep having such discussions. Even if 0.5% population of India starts thinking on these lines, we will be prosperous to some extent.
I want my 2 yr old son to grow hearing such intellectual talks.
Take a bow both of you
- There is nothing like equality. We are designed to find inequality.
yess!!
Desires are created on Instagram, delivered by Amazon.
59:20
I would not even in my dreams think of relating trustworthiness with regular credit card payment! Amazing, opens a whole new avenue to explore.
Both have great twitter feeds. Kunal is a great pragmatist pessimist, yet healthy pessimist. This podcast is the best thing started by Paras, getting heavy Lex Fridman vibes.
I am in the US for the last 3 years and I have experienced the high trustworthiness of American society firsthand.
Takeaway-
1. Bootstrap status through any vertical, public governance seems like the pinnacle
2. Most people don't want to think, it is energy inefficient. Opens up the market for assertive leaders
3. Information to build permanence
4. There is no such thing as equality, we converge to finding differences. Over and over again. Wealth inequality can help everyone. Pursuit of equality breeds resentment.
5. Collaboration, communication breaks down in low-trust societies. They don't prosper. Precise language builds trustworthy behaviour.
It's like i am listening to osho in 60-70s.. Kunal reflects all that philosophical spark.. And insight..
Such discussions are more interesting than any academy award winning movie.
not really
Brilliant point on Indians obsession with past. Somehow, Indians seem to be happy with the fact handful of kings and zamindars were very wealthy in the past but never pause and think how their own forefathers led their lives in the past .
The insight on why Cult leaders are often given father like names is mind-boggling. Especially because it's true across languages and geographies.
Kunal shah is in beast mode ready to take on the Kraken. thank you for such a great video
the people in the comment section are the ones i would always like to hang out
Two intellectuals discussing genius stuff. Amazing!
what he is talking about athletes and how they make money through ads is exactly how CRED shot the Neeraj Chopra ad. Hats off to this man!!!
11:20 what an insight
Wow so many unknown facts said. And the insights!
What I have been waiting for since the time you launched Podcast. Need to block my own calendar to watch, understand, learn and take notes. This is going to be amazing.
good way!
1:09:30 Brilliant observation We are not envious of people skills we are envious about their status . Love such conversation . So much of learnings.
Kunal, your thoughts are GOLD. thanks paras for bringing him :)
Taxing the rich less than the middle class is an interesting thought. The risk is dramatic reduction in the aggregate demand or increase in general level debt. Kautilya had a form of a wealth tax on the rich as well. Not saying it would work today but the rich get the axe anyways but are compensated in other ways.
Thinking about what you said about the Father Complex, I guess I found my external father figure and thats Kunal Baba. 🙏
amazing , got great ideas about our society
Philosophy plus finance... Rare combination
- There is nothing like equality. We are designed to find inequality.
- Information to build permanence.
- What makes a startup successful?
› Constantly making things efficient on existing motivation.
› Creating new motivations.
Tech startups are bad at creating motivations, contrary to the FMCG's.
-Compounding can make you or break you.
Break you: everything will inflate and you will not be able to catch up.
Make you: If you have surplus capital, interest/investing from that can create you more wealth.
- A status inequality society will not increase for everyone. But wealth inequality society will allow everyone to be wealthy.
Key Insights: 1. Trust unlocks value 2. Envy is hyper-local , get envy by skills not by outcome 3. Understanding human motivation very helpful 4. Capitalism is not a zero-sum game 5. Democracy is the process of choosing most popular leader 6. India is a status driven society 7. We talk in a lot of ambiguous ways, not in precise ways 8. Travel more , outside India
Genius. Genius. Genius. Take a bow Kunal
I have watched almost every talk and interviews of Kunal shah so I'm hoping we will get to listen whole different discussion and dive more deeper, will update the comment after watching the video.
These discussions are way ahead of its time by at least 20 years.
Amazing stuff.
Seems like you're listening to kunal for the 1st time
@@GanggsterR everyday while commuting to work and while coming back I hear various podcasts wherever he is featured. For some reason I can so much relate to him and he gives that hope that one doesn't have to be an engineer always to enter tech space. All you need is a vision and ability to see what others can't in this herd. And then you make yourself heard.
@@varunkhanor 😅 okay okay.
Btw there are many non tech bg ceo's leading a hot tech start up like twitch and all
These are not ahead we are behind
Paras, great job getting Kunal on the podcast. This podcast is top notch. Just be regular with the hosting though.
I'm releasing one per week (so far).
Please bring kunal shah next for wealth driven society
Wealth doesn't guide Indians as Kunal says. Status probably does to a great extent but I think Indians are on a better footing than other societies. The Chinese and the westerners may be more productive and efficient but they seem rigid and delicate while Indians have a robustness of sorts to them.
This is the problem. In almost every interview, Kunal Ji is impeccable when he's talking business, and behaviour and other superb stuff that keep blowing a bulb at regular intervals. But I 🤦 at moments like 1:04:45 with sadness when a super well read, composed mind like Kunal's seems to have been misfed in terms of history. I just wish there was a way to connect Kunal Ji with Balaji Srinivasan at one platform and listen to these two great minds discuss. Imagine the butter coming out of this churn. Priceless.
I'm sorry idk much - india was largest economy with high gdp onec upon a time.
But even at that time it was just emperors, industrialists and kings were rich. Not every other common man. That's what he said. He's right.
Why do say it otherwise?
He is really great 🙏🙏🙏
Kunal constantly dropping knowledge bomb
They have Elon, we have Kunal Sir ❤️
Imp point :- paras has repeated this more than 5 times " while u r speaking, I was wondering" 😁😁
haha
100/100 marks for you 👏
Much awaited podcast for me... Two of my favourites❤️
Key Insights
1) Wasting money means high status means more trustworthy.
2) We as a nation dont know what we want.
3) GDP of country increases by people creating more wealth.
4) Its very important to understand compounding.
5) We need to celebrate more entreprenuers,scientist,inventors.
Mind blown🤯🤯 amazing podcast.
Kunal shah always amazes with those unique insights.
yo!
Great leaders are like genes whose offsprings(followers) has no copying errors thereby increasing "their (idea's") population.
You asked him questions I was genuinely curious to know the answers
One suggestion if you make a clip of question you asked about India and opinion given by Kunal it will be viral
How can I give this podcast 100000000 likes?
Notes From The Podcast (twitter.com/PlanningIndust1/status/1361285940686123010?s=20) .
Be envious of people's skills
Very interesting points. @53:00, Kunal says that Indians have not figured out how to scale anything. I have to disagree. Examples: Amul, Indian elections, Competitive exams, Dabbawalas, Fevicol/Pdilite, Tata group, Reliance & Jio and many many more such examples. While I agree that most businessmen don’t think of scaling in India, there are tons of examples of scaling in India. I guess this is what he meant. But, I am not sure.
The alcohol brand is Laphroaig from Beam Suntory
Don't follow what people say, follow what they do.
The capitalist philosopher!!
Thanks for sharing ❤️🎥 appreciate it 🤘🤙 🙏
Great insights! Ty soo much!
Video no.65 (Trust & status)⚡
Interesting point about Apple. I think the "Shot on iPhone" has less to do with status, and more to do with Apple being clear about who they are and what they are selling, and those two being the same.
Their identity is clear - great experience, wonderful visuals. And associate that with the product. Other brands aren't clear about that. Though of course I agree that iPhone is a high status product.
Also, slight disagreement on the Airpods. I agree lots of people buy it for the coolness and jewelry factor, but the integrated experience with iOS is materially different.
Hi Paras, can you suggest some books which you would recommend when it comes to human behaviour, psychology, etc
Such wonderful content
Very insightful conversation fellas
Keep doing this!🏆
Would love to see a CRED credit card with low interest rates!
Hello, 1000th subscriber here 🙋🏻♂️
Give this man a cookie!
he should be our finance minister
Compounding is the 8th wonders in UNIVERSE
Status applies to fancy Indian weddings too
bring more indian entrepreneurs on your show!
Great work 👍 keep going
What is the name of the book by Prof. Henrique that Paras was taking about?
The secret of our success
43:00 Honestly don't come with death penelty ,i believe
On scalability and doing something impactful (in the context of India), isn't UPI a good example? The online payment infrastructure at such a scale seems to be a unique and big achievement. What are your thoughts about this? Would you consider this as a signal for transformation of the country for good?
Vembu got his padma shri for being in the RSS(and contributing generously to the cause), not because of being zoho’s founder.
Padmasri jas always been a political award. Why care? But still that doesnt undermine his success with zoho.
"What if richer sections have to pay lesser taxes ?"
Interesting question Kunal, but isn't it was the sane case in French revolution that clergy, nobles paid nothing and third level of poors have to pay all the taxes ?
That didn't turn out quite well, either.
Any points, anyone ?
Democracy is the process of hiring the most popular leader and not the most competent one.
Standardization is the only way something scales. It becomes the language and currency through which people speak.
1:06:00
How can we start (even if small) to make India a high trust nation ?
47:26. Mumbai! Not bombay bro. @cred
What is 'playbook' that kunal mentioned in between?
❤
Add timestamps
Time stamps?
Can we have a part 2
13:40 - Battiya Bujha do!!!
Gujarati diamond market works like blockchain.
Me being a gujarati tried really hard to not fall into that "community pride badge" but at the end I lost.ig that's how humans are , they have biases
I took 📝.
❤️❤️❤️
Pod notes/Key Insights:
Procrastination
- Reference to the work culture you're trying to change wrt to the time delay in doing a task
- People in India fundamentally tend to face this issue because there's way too much interactions and Brownian motion of people interaction as opposed to other countries where they have better control on their time
-So how do you reward anti-procrastination with a status game, if that is something possible?
By calculating your income/hour.
Not per month!
Whaty your saying?
0:11 Kunal's look is interesting 😂
9:16 That iphone example bhai kya bulu nahi nahi kya bolu bro kya dimag h your are literally gold
To make their products premium they make it hell simple bcoz masses like simple stuff and generally nerds are not cool so android, linux are not cool software even if there are more features in these software
I think to gain status "for brands"
Either make it simple Or make it such that it's hard to understand "not complex"
On credit card you if you pay 100 rs by taking loan you loose 231 rs in total , vs if you took on official loan if you want to know how if would gladly explain
Please explain I would like to know
+1
Kunal shah with Sadguru!!!
Kunal sounds like a Baba. I would like to be part of his cult. What is the entry fee?
cred bounty khelo baby
Tharoor has done many things post becoming a politician, but he’s Tharoor he is so not an Indian politician.
Kunal × Lacoste
47:30
The only argument i agree to disagree is that allowing Jeff Bezos to get richer will help reducing wealth inequality because there is only an infinite amount Jeff Bezos can/will consume.
*finite
I don't think that's what he meant...
Jeff Bezos will only get richer when the other people get wealthy!
24:00
Fucking free gold kaisa business man hai, free mein gold bat raha hai
His thing about identity and olympics and why India isn’t growing is just a lame rant... that was just the part I didn’t like
Cred : Trustworthy Stable individuals.... Dating App: Your credit score matched..Pandit ji ab shaadi k adate fix kar lo