EQ Saturday Sapience #188
Equity Intelligence 12th September 2026
“The investor’s chief problem—and even his worst enemy—is likely to be himself.” —Benjamin Graham
Future of Travel: AI, Luxury, and the $3 Trillion Opportunity: In this episode, top industry leaders—including Rajesh Magow (Co-founder & Group CEO, MakeMyTrip), Puneet Chhatwal (MD & CEO, IHCL / Taj Hotels), and founders from Treebo Hospitality, StayVista, India Hikes, and Boketto Travels—discuss the current state and future trajectory of Indian travel and hospitality. Watch more
The Best AI Users Know When Not to Use AI – A recent Anthropic study highlighted an interesting idea: the most effective AI users are not those who use AI for everything. In many situations, reviewing and correcting AI-generated work can take longer than doing the task yourself—a cost Anthropic calls the "discernment tax." As AI becomes more powerful, the challenge may no longer be learning how to use it, but knowing when not to. Read more
When Machines Do the Math: AI Cracks a Million-Dollar Millennium Problem – OpenAI says one of its unreleased models solved the Navier–Stokes problem in 88 hours, using up to 10,000 AI "agents" working in concert. Mathematician Terence Tao, while acknowledging the leap, likens it to a machine that lifts weights for you at the gym: the answer arrives, but the human muscle that would have grown from the struggle does not. For investors, the quieter signal matters more — AI is now reaching the top of a field long considered the pinnacle of human reasoning, and the cost of doing so only falls from here. Read more
Copper prices are rising again - Copper is up 48% over the past year and roughly 16% in 2026 alone, breaching $14,500 a tonne on the LME — and the reasons are stacking up on both sides of the ledger. On the supply side, Chile (a quarter of global output) is producing less, mining accidents and seismic risks are biting, and a sulphuric-acid squeeze is throttling refining. On the demand side, EVs, renewables and AI data centres are pulling harder each year, with global demand set to move from 28 to 42 million tonnes by 2040. Read more
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