EQ Saturday Sapience #60

Equity Intelligence 30th March 2024

The global semiconductor industry, valued at $750 billion, is expected to reach $1 trillion within the next 6-7 years, presenting a significant opportunity for India, which is well-positioned to capitalize on this growth due to its substantial talent pool. This expansion requires skilled professionals, highlighting the potential for job creation and economic scaling in India. Concurrently, the narrative extends to China's looming economic challenges and the importance of fostering environments that promote freedom, creativity, and shared prosperity. We commemorate the late Daniel Kahneman, a Nobel laureate who significantly influenced the understanding of economic behaviour through the lens of psychology. 

  • The $750 billion global semiconductor industry is set to double in size in the next 6-7 years, and India is uniquely positioned to take advantage of itA $1 trillion industry will require more than nine lakh talented professionals. Close to a third of all talent in the semiconductor industry are in India. From conceptualizing a new chip to designing and validating it, and ensuring it is ready-to-fab, that entire value chain is in IndiaRead more
  • What is the true story of India's employment landscape, and what can we learn from these stories to scale the economy meaningfully? Neelkanth Mishra shares deep insights from his years of research and experience in the field  in an ongoing series on India's EconomicsWatch here
  • In China: The 100-Year Storm on the Horizon and How the Five Big Forces Are Playing Out The most joyous and productive environments are ones that have freedom, civility, and creativity, and ones in which people can make their dreams into great realities with prosperity that is shared by most peopleRead more
  • Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90He helped pioneer a branch of the field that exposed hard-wired mental biases in people’s economic behaviour. The work led to a NobelRead more and Watch here an old but good Interview with him on Behaviour, Decision Making, Investing, etc.
  • “Whereas the key to ascertaining value is skilled financial analysis, the key to understanding the price/value relationship—and the outlook for it—lies largely in insight into other investors’ minds. Investor psychology can cause a security to be priced just about anywhere in the short run, regardless of its fundamentals. The discipline that is most important is not accounting or economics, but psychology.” —Howard Marks