Snapshots That Wow!

In the long run we will die rich

Source: FundsIndia

The dragon knew of the tantrums

China reported 5 tonnes of gold purchases in February (160k oz per PBOC).

China actually bought 50 tonnes of gold in February (per GS).

Source: Goldman Sachs

Chip cycle crunching out

"Our conversations so far with customers support our expectation that 2025 and 2026 will be growth years." – Christophe Fouquet, CEO

While the CEO seems to be hopeful of growth, net bookings for the quarter are yet to see any meaningful pick up for ASML (the lithography machine giant that caters to all semiconductor manufacturers globally).

Source: Quarter App

Jhoote do paise lo!

The percentage of Nike's footwear manufactured in Vietnam has increased from just 2% in 1996 to 50% in 2024.

"In July 1995, President Clinton officially restored diplomatic relations between the United States and Vietnam. The President's action is a step toward restoration of full trade relations including the United States granting non-discriminatory MFN trading status to Vietnam which would result in lower tariffs between the two countries."

Well the strategy had a 3 decade expiration deadline to it.

Source: Akram VC Annual Meet

Made in China no longer means what it used to

“China has successfully established the world's first three-satellite constellation based on the Distant Retrograde Orbit (DRO) in the Earth-moon region of space, laying a foundation for the exploration and utilization of space, and for future crewed deep-space exploration.

DRO is a unique type of orbit, and the Earth-moon space refers to the region extending outward from near-Earth and near-lunar orbits, reaching a distance of up to 2 million kilometers from Earth.”

Source: @ChinaScience

Kanoon ke haath lambe, lambi fekte hai

“Only 95 out of 795 active & presiding judges (12%) across 25 High Courts have disclosed details of assets.”

Source: Business Standard