EQ Saturday Sapience #180
Equity Intelligence 18th July 2026
"We just keep our heads down and handle the headwinds and tailwinds as best we can, and take the result after a period of years." - Charlie Munger
India’s E20 petrol policy & Ethanol blending. India’s ethanol push is sold as energy security, farmer support and lower oil imports — but every substitution creates its own new dependencies. The real question is not whether E20 works on paper, but whether it balances food, fuel, engines, environment and economics. Watch more
India’s whey protein boom hits price pinch. Protein is moving from gym shelves to Indian kitchens, but the price pinch shows how even a health trend depends on global dairy supply chains. The deeper story is India’s slow shift from calorie sufficiency to protein consciousness. Read more
Reading between the lines. As annual report season begins, investors naturally focus on the financial statements. Yet some of the most valuable insights often lie elsewhere—in the chairman's message and shareholder letter. These sections can reveal management's priorities, capital allocation philosophy and long-term thinking before the numbers fully reflect them. A recent Finshots article on Info Edge's shareholder letter offers a good example of this. Read more
The Panama Canal is growing more important. In a world of war-risk, rerouted trade and climate-stressed waterways, the Panama Canal is becoming more strategic, not less. Globalisation may look digital, but it still depends on a few narrow physical chokepoints. Read more
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