Why AI Will Save the World
Ever since ChatGPT shook the world in terms of how close we are to AI being in our lives, we have been featuring pieces to help improve our understanding amidst all the hype and noise. Whilst some of these pieces have been looking at the potentially harmful effects of AI, here’s a positive piece to […]
17 fatalities, 736 crashes: The shocking toll of Tesla’s Autopilot
Tech companies naturally tend to overstate the bull case for what they do. The reality of what they can deliver is often less spectacular than the hype. This long read in the Washington Post (the legendary newspaper which was responsible, for – amongst other things – Richard Nixon’s downfall, and is now owned by Jeff […]
How govt drone survey is clearing up land ownership in villages across India
Those of us who studied economics in our youth had it drilled into our heads that well defined property rights are crucial to facilitate the socioeconomic development of the poor. Why so? Because formal land titles – theoretically speaking – enable the poor to use their land as collateral for credit, providing them with a […]
MeritorQ: The Value of Free Cash Flows
In MeritorQ value is measured by comparing the free cash flow generation ability of a company versus its share price, a valuation measure known as P/FCF. We show that in India P/FCF is superior to other commonly used relative valuation measures like P/E, EV/EBITDA, and P/B. In fact, a free cash flow-based measure of relative value […]
I love electric vehicles – and was an early adopter. But increasingly I feel duped
Now that EVs going mainstream is just a matter of when not if, it is time to take a critical look at EVs and their ability to achieve the stated intention of reducing emissions. Here’s a piece in The Guardian, not by an environmentalist or an automobile industry expert but the legendary comedian and actor […]
Assam has an old love for quizzing, but this year’s Guwahati Quiz Fest was special
One of the great joys of living in India today is to see the effervescent flowering of cultural and intellectual life in India’s cities. The burgeoning cultural and intellectual scene is not just no longer confined to the swanky parts of Delhi and Mumbai; in fact, the most exciting things are no longer happening in […]
The myth of the ‘Asian Century’
Here’s another angle at the changing world order. Economics and political commentators around the world have talked about the so called ‘Asian Century’, implying Asia will dominate the global economy and hence influence the world order. In this piece, Martin Wolf, the chief economics commentator at the FT, debunks the myth of the Asian century, […]
What would humans do in a world of super-AI?
Whilst there is no doubt that Artificial Intelligence is here to stay, much like other predecessor technologies it is clearly going through its own hype cycle. The hype is not just in the form of its commercial potential but also its supposedly destructive effect on humanity. But given the recent statements by Sam Altman, the […]
Women lead Indian families as men migrate
Continuing with our series of articles capturing the ascent of Indian women, we found this lovely piece by Divya Arya. The insight she has captured is counterintuitive: as rural men migrate to cities in search of employment, their wives are becoming the head of the household in the village. As Ms Arya explains this is […]
How the US is deepening military alliances in China’s backyard
This long read in the FT gives you an in-depth perspective of America and its allies are preparing for war with China. Whilst the Americans’ public rhetoric might be one of a country which is willing to go the extra mile to avoid armed conflict with China, the military prep detailed in this piece points […]
Are You Benefitting from Double Engine Compounding?
In an era of growing protectionism and rising geopolitical tensions, the world’s two largest democracies – America and India – offer investors a chance to benefit from a golden decade of compounding. Given China and Russia’s belligerence vis-à-vis America and given China’s multiple assaults on India’s borders, the two giant free market democracies have little […]
The Consumerization of Credit in India
In the last couple of years, India’s financial services sector has crossed a significant milestone – for the first time the size of retail credit (i.e. credit extended to consumers) is now larger than corporate credit. In this newsletter, we discuss reasons behind the success of high-quality lenders (like HDFC Bank, Chola Investment & Finance […]
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