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ROIC
The creation of value is highly correlated with the efficient and effective use of capital. ROIC is vital to value creation, but many companies don’t focus enough on improving their ROIC. Return on invested capital (ROIC) is an important driver of corporate performance. It measures how much profit a company generates for every dollar invested in the company and helps in understanding the company’s economic returns. ROIC is a strong driver of stock prices and equity valuation.
Jagannath Kshtriya
Apr 12 min read


Economic Impact of FIFA World Cups: Lessons for Toronto 2026
Mega sporting events such as the FIFA World Cup generate uneven economic impacts on host cities. Drawing on evidence from Brazil (2014) and Russia (2018), this paper argues that the World Cup does not create broad-based economic growth but instead redistributes demand across geography, industries, and time.
Jagannath Kshtriya
Mar 255 min read


Salik: Toll Road
Salik operates Dubai’s electronic toll road system, launched by the Roads and Transport Authority (RTA) in 2007. The company listed on the Dubai Financial Market (SALIK.AE) in July 2022 and is majority owned by the government, which holds 75.1%, with 24.9% publicly traded.
Jagannath Kshtriya
Mar 46 min read


The Big Three Credit Rating Agencies
Every year, tens of trillions of dollars of debt, from government bonds to CLO tranches, are priced, regulated, and invested based on opinions issued by just three firms. Together, S&P Global Ratings, Moody’s Investors Service, and Fitch Ratings form one of the most powerful and concentrated oligopolies in global finance.
Jagannath Kshtriya
Jan 73 min read


Knowing When to Buy and When to Sell Stocks
One of the greatest challenges for investors is not just picking the right company, but knowing when to buy and when to sell. Timing...
Jagannath Kshtriya
Sep 27, 20253 min read


Will EVs Kill Oil Demand? OPEC+ vs. EIA’s Diverging Futures
Abstract: As the world shifts toward clean energy, global oil demand forecasts are splitting sharply. OPEC+ projects that oil demand...
Jagannath Kshtriya
Jul 12, 20252 min read


ADNOC Corporate Breakdown
ADNOC, headquartered in Abu Dhabi, is one of the world’s leading national oil companies with a production capacity of nearly 5 million barrels per day or ~4.8% of global output. It operates across the full energy value chain: upstream exploration and production, midstream logistics and processing, and downstream refining, petrochemicals, and retail. The company’s estimated annual revenue is around USD 118 billion
Jagannath Kshtriya
Jul 12, 20255 min read


Nationalism and Gold Prices
This paper examines the correlation between nationalist movements and gold demand, provides a regional outlook on nationalism through 2030, and contrasts the gold investment philosophies of Warren Buffett and Ray Dalio, two of the world’s most influential investors.
Jagannath Kshtriya
Jun 23, 20252 min read


The Future of Energy: A Century Beyond Oil and Gas
As the world accelerates its transition from fossil fuels to sustainable alternatives, it is imperative to examine the long-term impacts on global energy demand, emissions, and supply chains. This paper outlines the trajectory of oil and natural gas over the next 100 years, identifies the energy sources poised to replace them, and evaluates the sectors and critical minerals required to support this transition.
Jagannath Kshtriya
Jun 10, 20254 min read


Natural Gas Overview
Natural gas is primarily methane (CH₄) with smaller amounts of hydrocarbons like ethane, propane, and butane (collectively called natural...
Jagannath Kshtriya
May 4, 20251 min read


Key Considerations from Common Stocks, Uncommon Profits by Philip Fisher for Evaluating a Company’s Potential
Market Potential Does the company have products or services with significant potential to drive long-term sales growth? Companies may...
Jagannath Kshtriya
Nov 24, 20242 min read


Gogo: Internet and Connectivity for Business Aviation
Section 1: Business Overview Gogo is the market leader in internet and connectivity to business aircrafts in North America. Gogo’s...
Jagannath Kshtriya
Nov 16, 20244 min read


Alibaba: An E-Commerce Giant
In the e-commerce world, few companies have shaped the industry like Alibaba. Founded in 1997 by Jack Ma and nearly 20 other co-founders, it
Jagannath Kshtriya
Oct 24, 20243 min read


Return on Invested Capital (ROIC)
Introduction Efficient use of capital is key to creating value in a company. One of the most important metrics for this is Return on Invested Capital (ROIC), which shows how much profit a company makes for each dollar invested . Despite its importance, many companies don't prioritize improving their ROIC. ROIC is a crucial factor in driving corporate performance and stock prices. While growth in revenue and profits also impact stock prices, ROIC is more important because
Jagannath Kshtriya
Oct 18, 20243 min read


Spire: Space-Based Data Analytics
Spire operates 170 satellites on its flexible "LEMUR" platform to provide insights into weather, maritime and airspace activity , helping...
Jagannath Kshtriya
Oct 17, 20244 min read


Solana: The Fastest Blockchain
In the world of blockchain technology, where speed, scalability, and decentralization are paramount, Solana has emerged as a standout...
Jagannath Kshtriya
Oct 15, 20244 min read


Key Takeaways from Shopify’s E-commerce Strategy
Shopify has established itself as a dominant force in e-commerce by adopting a product-led philosophy . The platform focuses on...
Jagannath Kshtriya
Oct 8, 20241 min read


The Rule of 40: A Key Metric for SaaS Success
In the SaaS and cloud industry, balancing growth and profitability is essential for long-term success. The Rule of 40 is a popular...
Jagannath Kshtriya
Oct 7, 20242 min read


Wix: A Website Building Powerhouse
In today’s digital age, having a website is essential for businesses of all sizes. Wix has become a key player in making website building...
Jagannath Kshtriya
Oct 3, 20243 min read


Block: A Financial Powerhouse
Block, formerly known as Square, has transformed from a humble startup with a card reader into a $40 billion financial services and software
Jagannath Kshtriya
Sep 26, 20243 min read
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