The Atomic Investor

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Financial Markets

The AI Capex debate
Tech and finance have been dominated by the AI bubble talk for far too long now. Here is my take on it using some computations, frameworks and theories.
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The power of narratives
Markets are driven as much by sentiments and stories, as by discounted future scenarios. This week we witnessed a dramatic swing in the AI narrative…
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We have got to Build it, but will they come?
A massive capex cycle to build out the AI infra. is making investors wary due to demand uncertainty. Drawing some parallels with the last cycle shows…
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Charts of the year
Tried to capture some of the stories that caught my attention this year. Charts to highlight the data and the narrative, accompanied by some questions…
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The magnificent seven of PE
The publicly listed Private Equity space is highly interesting to keep an eye on the business of PE. As the latest earnings season rolled over, I looked…
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Big tech's balancing act will soon be over
The largest tech companies have continued to get fitter and have optimised spend to prioritise cash flows. Investors love to see this, but the balancing…
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Reality check
It did not take long for the markets to get a reality check this year.
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The two types of wealthy (II)
The second type of wealthy and a luxury giant's record year
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The other side of the coin
In this hyperconnected society where every debate gets polarised, we forget about the other side of the coin and that there can be a lot of grey in this…
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No L for Luxury
The Luxury market has shown resilience and strength in an uncertain macro environment. Doesn’t look like there will be any Ls for Luxury in the short…
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Breaking up with the past
Breaking up with the past is never easy when you get conditioned so strongly to your environment. Businesses, investors and people are coming to terms…
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Goliath is a David
Hedge funds have long been the Goliaths in the jungle. Now they are increasingly looking like Davids.
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