Vikram Singh

For Me- Spirituality-Live and respect all Positive Impulses of my life, Philosophy- Live life in Moments, Like- Yog, News channels, History, Good Music..

[ASAN RESEARCH @Asan_research]

Quote of the day

[Ashish Kacholia @LuckyInvest_ARK]

This is a fantastic investment master class by a really great practitioner. Spare some time and you will definitely be richer

[Advait Arora @WealthEnrich]

Dont fall in this viscious trap.

[Sunil Gurjar, CFTe @sunilgurjar01]

“People have come to a conclusion that risk in Equities is close to zero by seeing the returns of last 5 years.”

“Be it Worli or Gurgaon or Bandra real estate, Gold or Silver, Indian Equities, everything has gone up substantially in last 5 years.”

“So convincing people of moderate returns has become the biggest job.”

- S. Naren

CC- @Ronitper

[Vikas Vij @TheClubJunto]

Vishal Sikka Returns

Dr. Sikka has launched Hang Ten, an enterprise AI services company – the exact business of Infosys & TCS. It has bagged global enterprise clients. Indian IT’s revenue displacement is coming.

Poetic Revenge Is Here

a. Backed by Mayfield (Silicon Valley VC giant for AI), Saudi Aramco, and top angel investors, Dr. Vishal Sikka has launched Hang Ten Systems.

b. Hang Ten’s stated purpose: “To help large enterprises adopt AI, using an AI-native model – to build, change, and run enterprise software at lower cost and on shorter timelines.”

This is exactly what India IT companies do at the upper end (premium segment) of their services model (using an army of interchangeable labour).

c. CEO of Siemens Gamesa (one of the global clients Hang Ten has already bagged) said: “Every enterprise I know is looking for trusted guidance on AI and help with dramatically improving major operational programs. I am very excited to see Vishal and his team tackle this challenge with Hang Ten.”

Where It Competes with IT

a. Vishal Sikka is going after complex, high-value enterprise software transformations that traditionally generate the highest margins and the most prestigious client relationships for Indian IT.

b. AI-native enterprise modernization programs are the new flagship projects that will anchor relationships and produce upsell. If Hang Ten (and other Silicon Valley startups) win these projects, Indian IT’s most valuable client relationships weaken first.

c. This is the classic Silicon Valley disruption pattern: attack the premium end first, commoditize it, then go downstream. Indian IT’s $100 million+ AI transformation engagements are likely to be their first target.

d. Commercial Off-the-Shelf Software (COTS) lies at the core of Indian IT. IT firms earn tens of billions of dollars annually helping clients configure, customize, integrate, and test SAP, Oracle, and Salesforce implementations.

Hang Ten wants to skip the COTS layer entirely where possible or to AI-automate the integration where it cannot be skipped, and build enterprise-native capability faster and cheaper than any IT service provider could.

How Hang Ten Will Do It

a. Expert FDE Bench: Hang Ten announced it will use “FDE Bench” (Forward Deployed Engineers), which is the reverse of Indian IT. Infosys/TCS operate on a Bench model: a pool of engineers waiting for a client project. The Bench is a cost.

FDEs are the opposite: elite AI-native engineers deployed directly into client environments to identify and solve hard problems (rather than being told what to do.) Palantir pioneered this model for the Pentagon. Sikka is scaling it for global enterprise AI services.

b. Reusable Skills Library (Knowledge-Compounding Flywheel): Every enterprise AI transformation Hang Ten completes will generate reusable AI skills, agents, workflows. These can be deployed faster & cheaper on the next engagement.

As knowledge compounds, what takes 200 Infosys engineers six months today will eventually take Hang Ten 20 engineers and three weeks. (Sikka calls it “Creative Destruction at AI Speed.”)

c. Agent Orchestrators: Hang Ten will use engineers who master agent orchestration (i.e., acquire the ability to coordinate swarms of agents toward complex outcomes.) The outcome rises with each advance in model & orchestration infra.

d. Continuous Transformation: Unlike IT’s fixed-scope engagements, Hang Ten proposes a continuous AI-native development & operations loop. The enterprise software keeps continuously improving, adapting, and responding to business change. This is an AI partnership moat.

Water is in the Living Room

a. The top five Indian IT firms employ 1.5 million engineers. Indian IT contributes 8% of GDP, and brings in $264 billion export revenue. If even 5% revenue displacement happens, it is $13 billion evaporated in one year. Stakes are too high.

b. Last week, Vishal Sikka told CNBC India: “The wave is here.” Nobody understood what exactly he meant. (“Hang Ten” is a classic surfing maneuver to ride the wave.)

c. Floods do not occur overnight. Water levels rise slowly until the moment all exit routes are blocked and people are trapped. Indian IT has had its warnings. “Now the water has reached the living room,” said Dr. Sikka.

Whether the Indian IT industry rides the wave or gets buried in the water grave of its own making will start becoming clear in the next few quarters.

@arabicatrader

[SambhavāmiYugeYuge - Healthmaxxing🌞 @Windsofchange72]

So the Siya Goyal case is darker than we thought:

>Ketan Agarwal had told his father that he had doubts about Siya

>He asked his father to do a background check but his dad didn't

>Ketan even had some suspicions about Siya's bf Chetan

>They wanted to postpone the wedding but Siya's parents insisted on hastening the wedding

>Now Ketan's parents will forever live with this guilt

>Seriously why would you dissuade your child's suspicions

>If he's not comfortable why force him?

>Siya had already once pushed Ketan but he survived by holding on to a bush. When he asked why she did that, she said that she saw a snake and was trying to save him. I'm sure he was smart enough and rightly had begun suspecting her.

>Siya is a cold blooded Psychopath. She met Chetan at a cafe & had fully planned how to keel Ketan.

>Indian parents need to stop controlling children's lives by forcing them into unhappy marriages. Regardless there's no excuse for what Siya did.

>Really hope she gets life imprisonment at least.

[Uday Kotak @udaykotak]

US economic statecraft in the 21st century. US treasury secretary Scott Bessent spoke yesterday:
The nation that cannot produce what it needs is not truly secure. The nation that depends on its adversaries for critical inputs is not truly sovereign. And the nation that reduces its economics to consumption is not truly prosperous.

[Ritesh Jain @riteshmjn]

Start focussing on the beneficiaries of AI now.

https://t.co/drDq996mk1

[Ritesh Jain @riteshmjn]

When China enters any industry then the profit in that industry slowly converges to ZERO.

[ASAN RESEARCH @Asan_research]

Warren buffet strategy

[Shankar Sharma @1shankarsharma]

Extremely industrial, 19th&20th century, era thinking in the article by Ms. Nilekani.

The countries that will win big time,in the next 50-70 years, will be countries with declining populations, and increasing AI + Robotics adoption.

Separately, a point missed in my and Amit Bhartia 's @rab9604 's piece , by folks is: why is the US population projected to be flat, while everyone else declines?

Answer: Simple: America remains THE country people want to emigrate to to.

This will continue enabling US to choosing who it wants and in what proportion: age, skills, ethnicity.

Like multiple taps that it can keep switching on/ off at will.

This will keep its population flat BUT with the right balance, and massive productivity increases.

America will continue to dominate the world almost forever.

I don't at all buy " The Empire is on its last legs" theory.

It's not perfect, but it's still and will remain the Heavyweight champion of the world

[Rohan Paul @rohanpaul_ai]

dot-com bubble vs. a possible AI bubble.

From the famous "Dean of Valuation", Professor Aswath Damodaran, of NYU Stern School of Business,

“And that’s the real big difference between the dot-com boom and bust and the AI boom. We don’t know whether there’ll be a bust. History suggests there will be a bust.

The dot-com boom and bust had no huge capital expenditure in that cycle. In fact, there was very little traditional CapEx, or even R&D, driving it. People started apps. They basically started going on it.

This has been the biggest infrastructure run-up I think I’ve ever seen in business. You can go back and compare it to the automobile business 100 years ago. The amount of money that’s being put into AI CapEx is immense, which means that when the correction comes, the pain will be more intense.

And herein lies the second problem. The dot-com boom and bust was almost entirely equity-funded. You think, so what? Well, when the bust came, those shareholders lost 60%, 70%, 80%, or 90% of their money. You felt sorry for them, but the loss was restricted to the shareholders.

The problem with the AI CapEx boom is that not only is it immense, but a big chunk of it is funded with debt, and the debt is coming from private capital rather than banks. There’s a very real chance that if there’s a correction and companies start having problems, that problem is going to show up as distress and default, and that really doesn’t stay restricted. It spills over into the rest of society.

I’m not saying it’s going to be 2008, but 2008 is an example of what happens when lenders overreach, when they lend money at too low a rate, and the correction comes. The pain spills over.

So that is my concern with this big market illusion: the potential societal cost of having to deal with debt coming due that you’re unable to pay. It’s much more painful than your share price dropping 90% and you feeling the pain."

----

From "Excess Returns" YouTube channel, (link in comment)

[Shankar Sharma @1shankarsharma]

@rab9604 Amit Bhartia, the best thinker I have seen in decades, and I co-author this piece, inverting the entire chest beating over the impending collapse of our fertility rate, hence, demo dividend.

We argue that Demographic Buyback is the RIGHT way to look at TFR collapse, and that's how we will reach Middle Income in 75 years. There is no other way.

We hit ~$50,000 National EPS by 2100... that's $50k per Capita GDP.

We narrow the gap with US and China. We probably turn in a fiscal surplus.

Read it. It's all there.

A Demographic Buyback increases the nation's EPS, and economy's Free Cash Flow, as we postulate.

So, far from a death sentence, a population collapse is the solution: just like it is for China & others.

Point is Not whether the forecast is right or not.

Point is: only countries with declining populations will prosper in the coming decades. This is beyond debate.

Read. Reflect. Rotate and Share.

Final note: anybody using this concept will need to attribute to us. Otherwise I shall shame them with the call " Gali Gali mien shor hai, £¢¥~ Idea Chor hai".

[ASAN RESEARCH @Asan_research]

Momentum from market will be coming down from next week because of two big IPO

-JIO
-NSE

So be prepared for this

[Ritesh Jain @riteshmjn]

How big is misallocation of capital today compared to 2008 or dot com bubble?

Snippet via @MacrostrategyP partnership.

[Dr. B L Bairwa MS, FACS @Lap_surgeon]

देखे, सुने और अमल करे!👏

[Dinesh Bohra @dineshbohrabmr]

जिन्हें अंग्रेजी समझ आती है, उनके लिए एक बेहतरीन भाषण है। हाल के वक्त में इस से बेहतर भाषण आपको सुनने को नहीं मिलेगा।

[Sunil Gurjar, CFTe @sunilgurjar01]

I have watched this clip multiple times, and it's worth revisiting.

A masterclass in thinking about India versus the rest of the emerging market universe.

Pure gold from Sachee Trivedi. 🔥

(Credit - Moneycontrol)

[Shankar Sharma @1shankarsharma]

The most overused term on Indian social media is : Gold": this is sprinkled liberally over pedestrian video clips of Caged Capital, saying " SENSEX 150,000 by....".

I call these Fools Gold: ie, only fools find such anodyne stuff Gold.

You want to know what Real Gold is?

This Loeb screenshot below is Real Gold.

Not a Bull. Not a Bear.

But a Hare.

A Hare is an all pitch, all bowling, all venues, all conditions player.

A Hare can hold two conflicting thoughts in his head effortlessly.

He can be Bearish and Bullish at the same time,on the same market.

He doesn't believe in binaries.

"The Wizard of Wall Street: The Story of Gerald M. Loeb"

'Truly Flexible Man'

Thanks @AwijitB for this really enlightening shot!

As regards my interview, focus ONLY on the Trade Deal aspect: that's going to be the real googly nobody is spotting right now.

[Ayush Agrawal @iMicrocap]

Good article by @1shankarsharma
Strangely, I am since sometime liking every article he has written despite the controversial side of him.