Some stuff I am reading today morning:
Risky showdown over Strait of Hormuz (WSJ)
Noida Labour unrest turns violent (ML)
Punjab manufacturing disrupted by Iran war (MC)
Pirojsha Godrej is new Chairman of Godrej Ind Group (Rediff)
Stock Talk: Tata Steel (FE)
SBI’s largest defaulter (BW)
AI in investing (2Point2 Capital)
April 2026 Memo to Investors (Stalwart Advisors)
What’s going on in Private Credit? (Howard Marks)
Silicon Valley & Defense Sector (The Street)
Which brings me on to more of this subject. “When to fire a manager” — this is quite
topical for us.
This is data from Cambridge Associates looking at when to fire
managers.
If you look at managers’ performance for three years before the change
— the ones who were hired outperformed 4.8%. In the last year before the change,
7.2% for the stars, minus 3.7% for the ones you fired. “You’re fired, you’re hired.”
And now the guys who were doing 7.2% underperform, and the ones who were
underperforming outperform — and so it is on one year and on three years.
Source: ET Wealth
Some stuff I am reading today morning:
Trump is threatening to blockade Strait of Hormuz (CNN)
Wary investors eye another escalation in Iran war (Yahoo)
Trump’s War has weakened America (NY Times)
A Panicked Race for oil barrels (Bloomberg)
Mutual Funds cut cash holdings (MC)
GoI hikes windfall tax on diesel, ATF (Rediff)
Corporate Jihad in TCS Nashik (Zee)
Anatomy of a Multibagger (Bhavik Mehta)
Deep Dive: DAM Capital Advisors (Zen Nivesh)
What kind of bear market is this? (ML)
Here are the most clicked items on Alpha Ideas this week:
Who is Satoshi Nakamoto? (NY Times)
The Iran war broke the Petro Dollar (Bloomberg)
Long Term Money (Morgan Housel)
Is India ‘Fragile’ again? (FE)
Top IPOs of FY2026 (AI)
ABB India: 30 Years (AI)
Tesla in India (AI)
Mega Trend: India MF AUM (AI)
Meta’s AI Model is here (CNBC)
Tale of 2 Bear Markets (91 Capital)