Snapshots That Wow!

Pital hai sona! Sona hi lena!

Mining was 11% of global equities in the 1960s.

Today it’s 1%.

With the tech giants doing record capex, the world could very well be sleepwalking into the biggest resource bull market of our lives.

Source: Crisis Investing

Move over American Dream!

Back to the pre-industrial revolution times? Back to renaissance! With the labor force participation rate among males being in a structural decline- have people stopped chasing the American dream? Has the era of thinkers vs. doers come back?

Source: US Bureau of Labor Statistics

OpenAI putting up open to work boards all around!

OpenAI released a graphical description of what people use ChatGPT for and therefore which entry level jobs are endangered:

4.2% to create an image (RIP Graphic Designers)

4.2% for computer programming (RIP entry level developer jobs)

28.1% writing (RIP english grammar teachers!)

Source: @basicprompts

Looks like we made it!

“Eli Lilly has made a once-daily weight loss pill.

Despite the convenience of being a pill you don't have to inject, it works 80-90% as well as injected Ozempic for helping patients lose weight.

And compared to Ozempic, there are fewer side effects!”

It’s 10 minutes to curfew!

"Big tech CapEx as percentage of EBITDA is now running at 50%-70%, which is similar to AT&T’s 72% at the peak of the 2000 telecom bubble and Exxon’s 65% at the peak of the 2014 energy bubble.

Historically, companies experiencing higher capital intensity tend to be structurally poor investments.

In other words, AI CapEx has already caught up to prior bubble levels, even after adjusting for big tech’s initial high margins."

Source: GQG Partners

Shaadi, pyaar hai!

Kuch kuch hota hai taught us Dosti pyaar hai. The generation today is teaching us, sirf pyar hi shaadi hai. In the last two centuries we have seen a society dominated by corporate families/ family businesses or trades make way for a dual earning household.

“Yet the fact that, for most people, marriage has become an option rather than an expectation could also strengthen the institution for those who choose to embrace it. Because once marriage is ripped from the exchange of family commitments and property that initially sat at its foundation, once it is no longer necessary to ensure the legitimacy of children or the financial security of young women, marriage is left, sort of, with love. It is a commitment, plain and simple, to spend one’s life with one other person — to share possessions and pain, dirty laundry and family meals, to grow happy, or grumpy, and old together, to resist the temptation of other paths and people in favor of just one.”

Source: Learning a day blog