EQ Saturday Sapience #183
Equity Intelligence 8th August 2026
"More fiction has been written in Excel than in Word." — Morgan Housel
Elon Musk on the Future - In a recent interview with The Economist, Elon Musk argued that artificial intelligence could surpass human intelligence within the next five years. Whether or not that happens, the interview raises a broader question: What happens when technology advances faster than society can adapt? For most of history, humanity's challenge was scarcity. The next challenge may be abundance. In a world where machines increasingly handle routine tasks, the real question may not be what technology can do, but what humans choose to do with the freedom it creates. Watch more
Hidden Risks of Leveraged FCNR Deposits - Leveraged Foreign Currency Non-Resident (FCNR) deposits have become popular among NRIs seeking enhanced returns. The strategy works well when borrowing costs remain low and everything goes according to plan. But leverage magnifies outcomes in both directions. Rising interest rates, premature closure penalties, changes in residency status, tax rules, regulations or even the death of the depositor can quickly alter the economics of the trade. The lesson extends beyond FCNR deposits: whenever returns appear unusually attractive, it is worth understanding the assumptions and risks that make those returns possible. Read more
How AI-fuelled wealth is reshaping South Korea - South Korea is already seeing some of the social effects of the AI boom. As companies such as SK Hynix and Samsung benefit from soaring demand for AI chips, employees are receiving large bonuses and creating significant new wealth. According to The Economist, engineers at leading semiconductor firms are now becoming nearly as desirable in the marriage market as doctors and lawyers. Major technological shifts do not just create new industries—they also reshape wealth, status and social hierarchies. Read more
Why Warren Buffett’s superpower is an Achilles heel for AI? - One of Warren Buffett's enduring strengths was understanding that numbers alone cannot predict the future. Financial models and historical data explain what happened yesterday, but innovation and disruption often shape what happens next. Buffett spent as much time evaluating people—their judgment, adaptability and decision-making—as he did analysing financial statements. In uncertain environments, the ability to respond intelligently to surprises may matter more than the ability to forecast them. Read more
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