ai
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The Madness of Crowds, Version 2026
The most talked-about event in recent days has been the SpaceX listing. Every day, there are stories about Elon Musk’s net worth, and how he made more money in a single day than Warren Buffett made in a lifetime. The SpaceX frenzy is not an isolated event but the latest episode in the unparalleled boom… Continue reading
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Your Moat Has an Expiry Date
Warren Buffet and other gurus have long argued that the best businesses have “moats” or durable competitive advantages. But moats too, have a shelf life, especially with technology disrupting every industry. In an earlier article, we saw how the powerful distribution advantages of large FMCG companies are being breached by D2C players leveraging e-commerce and… Continue reading
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The End of Anonymity
Even as we fret about the loss of privacy thanks to apps, government, social media, banks and hackers; a new dimension is quietly being hyper-enabled by AI. And that’s the humble street camera. Last week, I stumbled on a link that placed Indian cities among those with the largest CCTV camera networks. Apparently, Hyderabad has… Continue reading
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Banks Are Not Dinosaurs — Yet
I recently read an article claiming that fintechs and NBFCs will use AI to dominate lending, while traditional banks fade into irrelevance. It sounded plausible at first. But the more I thought about it, the less convinced I became. The essence of the argument is as follows: Today’s consumer wants speed and convenience (i.e. instant… Continue reading
