This holds in public markets too. Every extra 1pp of revenue growth was worth 0.77pp of annual stock return.
Ranked every NSE-listed consumer company by 5-year revenue CAGR.
Bottom fifth grew 0% and lost 6% a year.
Top fifth grew 36% and returned 25%.
Growth rate decides.
I did office hours today with a startup that had three different paths to get huge. I told them to optimize for growth rate and let that decide. Maybe the winning path will be a fourth one we don't know about yet.
Need a rain forecast agent integrated with my Google calendar to decide if I should meet in person or virtually that day!
- written while running 15 mins late for an in-person meeting in #HSR during #bangalore rains
Only the 8th time in 75+ years - India just published its National Sample Health Survey - the first such household health survey since 2017-18. 1,39,732 households surveyed. For Indian healthcare investors, this is the most important base-rate document of 2026
6. Healthcare demand is surging - Proportion of people responded as ailing in last 15 days has 2x-ed in 7 years. Part awareness, part aging, part actual disease burden, part better insurance coverage.
THREAD: In 2019, the Indian government decided to hide an important pan-India official survey on consumer spending. The data has been used to calculate the poverty and inequality levels in India.