Alfred Nobel made his fortune from dynamite. When his brother died, a newspaper mixed up the names and printed Alfred’s obituary instead. It called him the “Merchant of Death.” Reading that shocked him. That moment pushed him to change his legacy and create the Nobel Prizes.

"If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money." — Ray Dalio

The presumption that the Fed raising short-term rates reduces inflation is predicated on the belief that higher rates reduce demand and investment. But what if higher rates don’t reduce demand and investment because the demand for intelligence and energy is unaffected by higher rates because winning the race for super intelligence has a near infinite ROI and the demand for compute will remain incalculable. Why won’t higher rates at this unique moment in history therefore lead to more inflation as interest costs are embedded in everything? And the problem is compounded as the more the Fed raises rates, the more inflation we will have and the more the Fed will need to raise rates further and so on. But what if the old models don’t apply to the current paradigm and the Fed is wrong? I think the Fed might have just made a mistake. Am I right or am I wrong?

India’s Next Consistent Compounders Could Come From Unexpected Sectors. Saurabh Mukherjea points to export-oriented businesses across pharma, auto ancillaries, precision engineering and textiles as a new frontier. His approach: stay concentrated, respect valuations, and adapt as India’s universe of quality businesses expands. Must watch clip 📌

IndiaMART InterMESH Ltd 17 Jan 2026 — IndiaMART shares jumped over 8% after Nalanda India Equity Fund bought around 11 lakh shares. 27 Jul 2026 — Nalanda Fund increased its stake in IndiaMART to 7.71%. Nalanda is known for buying very selectively and holding businesses for a very long time sometimes for decades. The fund’s investment philosophy has gained a lot of attention, including through founder Pulak Prasad’s well-known book, What I Learned About Investing from Darwin (link.amazon/B001q27XQ) So when Nalanda bought IndiaMART, many investors probably thought: “If Nalanda is buying, I should buy too.” And many may have done exactly that. But here’s the interesting part. Buying is easy. Holding is hard. Fast-forward from the first transaction news, and IndiaMART is down around 20%. For investors who bought simply because Nalanda was buying, the experience can be very different from what they expected. Some may now be waiting for the stock to return to their break-even price. Some may have averaged down. And some may simply be waiting for an opportunity to exit. Meanwhile, Nalanda’s investment horizon can be completely different. That’s the important lesson for everyone: Very few investors can replicate someone else’s holding period. If you bought IndiaMART after doing your own research, understanding the business, valuation, risks and forming your own thesis then the temporary decline is simply part of the journey. But if you bought only because Nalanda was buying, you also need to be prepared for the possibility that your holding period may be much longer than you initially expected. Copying an investor’s purchase is easy. Copying their conviction and patience is much harder. Sometimes, the biggest difference between two investors isn't what they buy. It’s how long they are willing to wait. :)

ESDS Software came out with IPO around Rs 400 Stock was massively rigged up ane retailers trapped in just a few weeks to Rs 1800+ After the rigging came disastrous results Don't believe the "Bhav Bhagwan hai guys" Too much of manipulation in select stocks is on

OpenAI CEO Sam Altman on potential dangers of AI: "First, we could lose control of the future to AI. The risk is that it moves so fast that people can no longer follow what's happening or intervene when needed."

JP Morgan's Jamie Dimon says Tata Sons chairman N Chandrasekaran is "exceptional". Interview to Economic Times You met Tata chairman N Chandrasekaran earlier today. How do you view the conflict at the Tata Group? I think the world of Chandra. He has done an exceptional job. I knew Ratan Tata before him. He ran the company, built it and created huge value, including for its people and foundations. My view is that public transparency is a good thing. If I were the government, I would be concerned that this kind of conflict could deter foreign investment. You want consistency, transparency, regulations, rules and proper governance at the board level. It's complex, and I don't know all the details, but I think Chandra is exceptional. I would never want to lose him. If I were either the trust or the board, I wouldn't want to lose him.