US Tech's Edge Fades; Global Markets Take Lead
To outperform MSCI World Index was easy in the past due to the following: US mkt was outperforming rest of world US tech was outperforming US market Mag7 plus a few more similar stocks were outperforming US tech So you bought 5-7 US tech stocks, outperformed all indices and felt good. Now world is more democratic. Rest of World is significantly beating US. China, Korea, Taiwan etc coming out of nowhere are leading the world. How do 2-3 analysts sitting in Mumbai, covering so called world but basically covering US stocks beat the benchmarks- not any more. Recognizing this last year, we stopped fresh flows into our global fund and recommend to everyone (and even bought/buy in our own fund) MSCI World ETF, MSCI World Ex USA ETF, Semiconductor ETF, China Tech ETF etc till some obvious trends emerge.
Cheap AI Spurs Usage, Yet New Players Reap Rewards
One argument given is that low cost of AI will trigger higher usage and create volume growth- like lower telecoms cost has done for spread of telephony and lower electronics cost ( say for TVs) has deepened penetration beyond...
AI Won’t Replace Humans, It’ll Shrink Workforce Size
I often hear this argument: AI will not be able to do everything, we will still need humans to supervise, monitor etc Obviously we will still need people- question is how many fewer people will be needed to do...
Delhi NCR Hosts 54 Grocery Delivery Startups, Disproving Myth
Why these random thoughts that people on X have- " hey anyone can set up new age businesses by losing money and there is no other moat" are so wrong. There were 54 grocery delivery start ups in Delhi NCR alone. https://t.co/S00vfn7flW
Rupee Surge Makes 250 Crore Worth $1.2 Billion
Good to know that INR has strengthened so much that 250 crores is approximately equal to $1.2 billion
FIIs Misread India: Growth Potential Undermined by Taxes
what this article shows is how wrong the FIIs can be. When they thought India was the only game in town in 2 yrs it was not- now they think other countries are the only game in town so... Reality is...
Consider SIPs in Global Markets Despite FII Sell‑off
Anurag, so yr advise is that public wait for 600 billion of FII selling before investing. In the meantime where to invest. FDs ? Or u think with SIPs as low as 100 rupees per month they should start investing...
FX Unwind Loss Overstated Amid INR Depreciation
Just relax about this supposed 4,000 crore loss on FX unwinding. Just in the past month the INR has depreciated by over 4%. All these positions would not have been set up for the first time at Friday 27th close....
Long‑term Investing Struggles in a Short‑term World
Got these 2 from amazon and one still to come: The making of a Permabear: the perils of long-term investing in a short-term world by Edward Chancellor. https://t.co/fCSCHdbe4y
Don't Quit Mid-Week If You Value Stakeholders
If you care about your company, if you care about the time you spent there, if you care about other stakeholders and shareholders- u do not resign with immediate effect in the middle of a week.
India’s FII Holdings Dwarfed by Three Chip Giants
FII holding in India: approx. US$ 750 billion FII holding in just Samsung Electronics, TSMC and Hynix: US$ 1.75 trillion Source: Nomura How much India has lost in past 2-3 yrs on a relative basis is crazy.
Buying Now Equals Holding All Along, No Extra Gain
Wrong analysis. For example, If person sitting on cash invests on Monday then from Monday evening onwards he is in the same position as the one who was holding the same stock all through. There is no additional benefit in buying...
Investors Should Apply Economists' Simple Extrapolation to Stocks
I enjoy very much how economists analyze: Oil is up $50. India imports 5 million per day. This is US$ 250 m extra per day or US$ 7.5 billion per month. How will India make up for annual US$ 90 billion...
Oil Supply Drop Equals ~4 Days, Not 20
Current oil supply is not zero. It is 20% less than before. So this would mean 20 days of consumption.
March 9, 2009: Market Bottom Marks 17-Year Recovery
Today is March 9th. Do you remember March 9th, 2009. That day the equity markets bottomed out after the Global Financial Crisis. Happy Anniversary.