Mint: “The corner offices of India Inc. are increasingly occupied by a new breed of executives: the strategic consultant. Veterans from McKinsey & Co., Bain & Co., BCG, and Kearney are swapping advisory roles for the driver’s seat, as top companies seek out executives capable of navigating a leadership depth crisis in a volatile world…“Clients are demanding and experiencing true business partnership, and as a result, many organizations are actively finding senior consulting talent as good fitment,” says Rahul Jain, India head at BCG. According to Jain, this is a strong recognition of the evolving consulting model and its talent, particularly in an environment where leadership depth remains scarce and fiercely contested.”
WSJ: “After a three-year love affair with anything related to artificial intelligence, U.S. investors are flocking to the factory owners, fast-food restaurants and commodity companies that have seemingly strong odds of surviving the technological revolution intact. Call it the AI immunity trade, HALO—for “heavy assets, low obsolescence”—or just another iteration of the jitters that have periodically rippled through markets since the AI investing boom began.”
Ruchir Sharma: “After surging for years, the price of gold has entered the realm where storytelling drives its price. Breaking free of the fundamental forces that long explained its ups and downs, it is now rising on tales of global risk and uncertainty — which make this era feel to some observers like the gold rush of the 1970s. Gold has long been seen as a safe haven because its price has kept pace with the rate of inflation for centuries, albeit punctuated by busts and booms. The booms tended to come in periods when real interest rates declined. As returns fell on money held in savings accounts or bonds, people tended to move their wealth into gold, which offers no yield but at least can rise in price.”
Andy Kessler: “Productivity is a job creator, not destroyer. Desktop publishing meant everyone could create magazines. Spreadsheets meant everyone could be an analyst. Anthropic’s Claude now allows everyone to create code. Technology may kill old jobs but then, voilà, it creates millions of new ones. Sure, generative AI will fundamentally change how businesses operate. So what? We need to embrace AI in education rather than ban it. So many problems not yet solved will match with tons of untapped human potential just begging to be unleashed, creating things not yet thought of. Like what? Most guess cancer treatments, longevity discoveries and inhabiting Mars, but no one really knows…New stuff is unimaginable, except by its risk-taking creators. So ignore the AI hysterics. And mass-unemployment claims. They’re ignorant nearsighted snapshots. The world is much more dynamic. I promise you won’t be anyone’s pet.”
