Snapshots that wow!

Keep the drugs rollin

94% of the FDA inspections in CY23 ended with a positive outcome (NAI / VAI) as per FDA’s inspection database. This is a marked jump up vs. the levels seen in the past decade. Indian pharma has come of age.

Source: Investec

Most small caps…remain small caps!

When narratives overtake reality, it is important for one to remember that in one of the better 5y periods for equities, 98.75% of small caps remained small caps delivering an average return of 7% CAGR. NIFTY500 returns during the same time frame = 16% CAGR

Source: DSP MF

An unmatched commitment to democracy

The size of India’s electorate is more than the population of all the countries of Europe combined.

They will cast their votes through 5.5 million electronic voting machines at 1.05 million polling stations, of which some are located in the snow-clad mountains in the Himalayas, the deserts of Rajasthan and sparsely populated islands in the Indian Ocean.

The Election Commission will deploy about 15 million polling staff and security personnel to conduct the elections. They will trek across glaciers and deserts, ride elephants and camels, and travel by boats and helicopters to ensure every voter can cast their ballot.

Source: Al Jazeera

Alternatives to fiat, see fastest inflows still!

It took just 7 weeks for the iShares Bitcoin ETF ($IBIT) to cross above $10 billion in assets, the fastest for an ETF ever. The prior record was held by the first Gold ETF which took over 2 years to hit that mark after launching in November 2004.

Source: Charlie Bilello

The Nizam of Silicon Valley!

In the public documents of Musk vs. Altman, the following statements were made by the CEO of Microsoft, Satya Nadella in November 2023, to the board of Microsoft as the Open AI drama unfolded. “We are below them, above them, around them.”

Human (and Musk) ingenuity know no limits!

This is not a take off shot. This is the falcon rocket (of SpaceX) landing, making it reusable and therefore making space more accessible.

Source: Elon Musk’s X Account