Episodi

  • Apple at $332: 37x Earnings and Why Buffett Sold
    Sep 28 2026

    A great business at a demanding price is still a valuation question. We examine Apple's moat, services mix, and cash generation against what 37x actually requires — and what Berkshire's exit does and doesn't tell you.


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    15 min
  • Brent at $110: Red Sea Chokepoints and the Inflation Shock
    Sep 27 2026

    An oil shock transmits to India through the current account, the rupee, and the CPI print. We map the chain from a shipping chokepoint to your portfolio, and discuss whether the petrodollar framing holds up.


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    19 min
  • A ₹25,000 Salary and a ₹3 Lakh Bike — Lessons From the Madras Stock Exchange
    Sep 25 2026

    Anand's years on the Madras Stock Exchange floor, and what they taught him about how ordinary people destroy wealth. A conversation about lifestyle inflation, EMIs, and the unglamorous arithmetic of compounding.


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    17 min
  • Cigar Butts vs Out-of-Favour Titans: Wipro, Natco and Graham's Value Strategy
    Sep 24 2026

    Wipro near cash value, Natco under 10x earnings. Are these classic Graham bargains or value traps? We use both names to work through the difference between statistically cheap and genuinely undervalued.


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    25 min
  • Inside Oaktree: How Howard Marks Defends Capital When Everyone Else Chases Hype
    Sep 23 2026

    Marks built Oaktree on a simple asymmetry — avoid permanent loss and the returns take care of themselves. We go through his framework on risk, cycles, and second-level thinking, and how to apply it in Indian markets.


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    22 min
  • Howard Marks on Private Credit: The AI Debt Bubble and the 1929 Echo
    Sep 22 2026

    Private credit has grown from a niche into a multi-trillion-dollar asset class with limited mark-to-market discipline. Marks' warning, the rate shock behind it, and why the historical analogy is instructive rather than predictive.


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    18 min
  • If Nvidia Falls, Does the US Economy Crash?
    Sep 21 2026

    A handful of AI names now carry an outsized share of US index returns and capex. We trace the linkages from a single stock to jobs, credit, and inflation — and separate what's genuinely systemic from what's just concentration risk.


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    18 min
  • Berkshire's $365B Cash Pile — Prudence or Prediction?
    Sep 20 2026

    Buffett's record cash position is read by many as a crash call. We look at what the cash actually signals about valuations, why Berkshire's structure makes cash cheaper to hold than it is for you, and what retail investors should and shouldn't copy.


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    13 min