Public Markets Update

Money, Trading, Ships, and Winning

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Salutations, Olio aficionados! 👋

Midweek greetings to all, as we unveil the 199th chapter of Weekly Olio—a delightful concoction of laughter, insight, and a sprinkle of mystery. Within these pages, you'll discover a handpicked selection of fascinating finds from the vast realms of the internet.

Keep your eyes peeled for this week’s Publisher’s Parmesan, arriving this Sunday!

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The Quote󠀢 💭

“I have never worshipped money and I never worked for money. I worked for pride and accomplishment. Money can become a nuisance. It’s a hell of a lot more fun chasing it than getting it. The fun is in the race.”

- Ray Kroc

The Tweet 🐦

This is a collection of life lessons from someone who has spent a life time trading. A lot of learnings from the world of trading can actually be applied to life. Recommend reading the full article to identify what works for you.

The Infographic 💹

British, Dutch (and earlier Portuguese) were such fearsome sea powers. France/ Spain was point to point, extractive.

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The Short Read 📝

How to Keep Winning - by Amjad Masad

Amjad Masad is the founder of vibe coding app Replit. In this article, he outlines six principles to sustain success while avoiding catastrophic failure. First, “Don’t Die” - understand your ultimate downside risks and safeguard against them so you can take bold moves from a position of survival. Second, “Never Quit”- persistence is essential; quitting early is what really makes someone “too early.” Third, “Lock In”- on key days you must go deep, eliminate distractions, and get into the winning mindset.

Fourth, “Do Hard Things” - true advantage comes from tackling the difficult, non-obvious paths and building depth, not simply copying what’s easy or obvious. Fifth, “Play by the Rules”- shortcuts and unethical shortcuts might yield short-term wins, but long-term advantage comes from integrity and innovation under constraint. Sixth, “Put Something Back”- contributing value, sharing your journey or work publicly, builds goodwill and compounds into future opportunities. If you are a founder, a professional or an athlete, these are lessons that you can directly apply. Read more…

The Long Read 📜

Public Markets Update - by Caotue Management

Coatue Management has put out an update to their much appreciated public markets report. The October 2025 report highlights the market’s big pivot towards AI. The key takeaway is that the traditional "Magnificent Seven" stocks are no longer the market's main engine. Instead, a broader group of AI-focused companies is now driving returns, significantly outperforming the rest of the market.

This new leadership is emerging in two key areas: AI Power (up 53% this year), which is booming due to the massive energy and infrastructure deals needed to power AI, and AI Semiconductors (up 43% this year), fueled by the huge demand for compute capacity. Beyond tech, the report offers a positive view on the economy, noting that the consumer is holding up better than expected, with healthy spending and low delinquency rates. The good news continues with inflation expectations cooling off for 2025. In short, the market is in the middle of a fundamental, AI-powered transformation.

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That’s all for this week. If you enjoyed this edition, we’d really appreciate if you shared it with a friend, family member or colleague.

We’ll be back in your inbox 2 PM IST next Wednesday. Till then, have a productive week!

Disclaimer: The views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual.

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