Letter # 69

Innovations have often left the erstwhile leaders in their wake. When incumbents have approached seismic changes in their industry with a sense of denial until it is too late to respond, their eventual decline has been a foregone conclusion.

This week, we take a look at the history of disruptions – starting in the 1800s with Kodak and going on to Sony, Apple, Nokia, and Jagran Prakashan until we arrive at the issue at hand. Which is, how the Indian auto OEMs’ decision to do nothing (in the wake of EV disruption) could end up becoming their Achilles heel.

Read here: EVs: Beware! The coming EV disruption may turn stubborn OEMs into value traps – The Economic Times (indiatimes.com)

Disclaimers:
Information in this letter is not intended to be, nor should it be construed as investment, tax or legal advice, or an offer to sell, or a solicitation of any offer to make investments with Buoyant Capital. Prospective investors should rely solely on the Disclosure Document filed with SEBI. Any description involving investment examples, statistical analysis or investment strategies are provided for illustration purposes only – and will not apply in all situations and may be changed at the discretion of the principal officer. Certain information has been provided and/or based on third-party sources and although believed to be reliable, has not been independently verified; the investment managers make no express warranty as to its completeness or accuracy, nor can it accept responsibility for errors appearing herein.