Categories
FMCG Vs Nifty
Categories
Crypto Calling
We have started a Crypto WhatsApp Group to discuss investments in Digital Assets i.e. Crypto Currencies, NFTs etc.
Meant for folks who are deeply interested in Crypto and have already invested. Not meant for Crypto newbies, Crypto sceptics etc
Those interested in joining can email me with the following details:
-Name
-Phone No
-One Liner Introduction
-Crypto Background
For those interested,please email me at Alpha Ideas
Categories
Linkfest: 21 May, 2021
Some stuff I am reading today morning:
Income Tax Filing dates for FY21 extended (FE)
Govt cuts subsidy on sugar exports (BS)
Gautam Adani is now Asia’s second richest person (Mint)
Thread on Solara Active Pharma (Vishnu Kapadia)
Is the party over for smallcaps? (Morningstar)
Startup: Jimmy’s Cocktails (BT)
Why Investing feels like Astrology (Moon Tower)
Decentralized Media (A VC)
The Optimal amount of hassle ( Morgan Housel)
Robinhood’s Big Gamble (New Yorker)
Categories
Why Telecom is a Zero Sum Game
The core mobile business requires buying spectrum and installing cell phone towers and base stations. These are not businesses for the faint of heart, given the massive capital costs.
The payoff for this investment, though, is a competitive moat. The actual utilization of its infrastructure is effectively free on a marginal basis. Laying infrastructure is expensive, but using it is cheap.
That said, to the extent competition exists, it is quite brutal because it is zero sum; an AT&T customer is not Verizon customer is not a T-Mobile customer. The combination of scarcity in customers and zero marginal cost for incremental usage can lead to price wars.
-Stratechery
Categories
Pray its True
