Musings on Investing

Modi’s Failure

In the following discussion, which took place just days before India attacked several terrorist training centers in Pakistan, David Oualaalou and I explore key geopolitical issues: the Kashmir conflict and the likelihood of war between India and Pakistan; India’s response to U.S. tariffs; why India struggles to maintain strong international friendships; and the future of India’s involvement in BRICS. Is BRICS a meaningful alliance—or just a façade for a group of non-entities?

On Investments

Aztec Minerals (AZT; $0.17) has closed the books for its recently announced financing. The company is set to raise over $3 million, which will give it the firepower for deep drilling at the Tombstone project in Arizona and geological work at the Cervantes project in Mexico.

The next Capitalism & Morality seminar program is linked here. The registration link is at the bottom of that page. Please use coupon code PPC2025 for a 10% discount. The ticket price will increase in two weeks.

Finally, with war clouds gathering over South Asia—a region home to some of the most boisterous people armed with equally fake confidence—and a TV-watching, so-called educated middle class that excels at self-delusion and vicarious bravery through the village boy posted at the front—it’s worth revisiting Pravin Sawhney’s outstanding book:

Jayant Bhandari

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