Unlike the previous quarter, this one produced very little in terms of news-flow unless you consider Summer Olympics to be newsworthy. We certainly do. Everyone needs a little inspiration now and then and what could be more inspiring than watching mere humans do superhuman things? Call us stupid but we fall for the same magic trick every four years. Compare this to the political drama that’s currently dominating the American news media. Nothing could be more uninspiring. Growing up in India, where such nonsense is commonplace, we are largely immune to it. It’s sad nevertheless
Notes & Letters
A collection of our thoughts, views, and excerpts from our investor letters.