Category Archives: Daily Top Ten

1. Stock Factor Rotation Since July 10th

@Charlie Bilello
Within the US the market, we’ve seen a factor rotation since July 10 with Small Caps ($VBR) outperforming Large Caps ($SPY) and Value ($IWD) outperforming Growth ($IWF).

This is a reversal from the prior secular trend which saw Large Cap outperformance hit its highest level since October 1999 and Growth stock outperformance hit its highest level since March 2000.

2. Sector Performance Post Rate Cuts

Advisor Perspectives -by Tony DeSpirito of BlackRock

https://www.advisorperspectives.com/commentaries/2024/10/24/interest-rates-fall-new-stock-opportunities-arise

3. UPS was at $180 in 2023..Earnings Beat Today

4. KKR Assets (AUM) Jump 19% Year Over Year

KKR chart straight up to right

5. Southern state could become ‘white gold’ boom town after $150 billion lithium reserve discovery

By NIKKI MAIN SCIENCE REPORTER FOR DAILYMAIL.COM

Arkansas is sitting on a $150 billion ‘hidden treasure’ trove of lithium that could meet the global demand for EV batteries by 2030.
The US Geological Survey (USGS) found between five and 19 million tons of lithium in the Smackover Formation, which is nine times the amount needed to meet the ongoing electric vehicle demand in the US by the end of the decade.
The metal is a necessary component for batteries used in EVs and can be extracted from the brine wastewater from the same mines that produce oil and gas.
Lithium is a critical mineral for the energy transition, and the potential for increased U.S. production to replace imports has implications for employment, manufacturing and supply-chain resilience,’ USGS Director David Applegate said.
‘This study illustrates the value of science in addressing economically important issues.’
Several companies, including Exxon Mobil, have already begun drilling exploratory wells to extract the lithium from 4,000 feet below ground.
The global demand for lithium has drastically increased in recent years as countries move to transition from using fossil fuels in gas-powered cars to electric and hybrid vehicles.

https://www.dailymail.co.uk/sciencetech/article-13988211/Arkansas-lithium-reserve-solve-EV-battery-demand.html

6. The U.S. Growth Since 2019 vs. G-7

Irrelevant Investor Blog-Michael Batnick

https://www.theirrelevantinvestor.com/p/animal-spirits-the-1990s-really-were-better

7. Why are We Leading Our Peers? Morningbrew We Work Harder

Why the US economy is leading its peers
Anna Kim
While Italians scoff at Americano slop and Japanese people cringe at stateside 7-Eleven hot dogs, Americans are having the last laugh when it comes to economic prosperity.
The US economy is doing better than that of any other member of the rich countries club (aka the Group of Seven), the International Monetary Fund said yesterday. The global economy watcher upgraded its prediction for US GDP growth to 2.8% this year, compared to the 0.9% average for all G7 countries.
Economists attribute the strength of the US economy to rising inflation-adjusted wages and strong consumer spending, all fueled by longtime investment. Experts say it boils down to Americans being more efficient workers.

Americans get more done

US workers are more productive than their counterparts in Europe and Japan, but probably not because they take shorter vacations or drink less wine at lunch. US companies have more money to invest in innovation due to lower energy prices and strong government support.
Workers benefit from updated machinery and software to operate more efficiently. According to The Economist:

The average US worker will churn out $171,000 of goods and services this year, compared to $120,000 for a European employee and $96,000 for one in Japan.
Americans’ hourly productivity has risen 70% since 1990, compared to just 29% in Europe and 25% in Japan, according to Conference Board data analyzed by The Economist.

The US owes its economic powerhouse status to a robust business environment, in which workers switch jobs often and new companies pop up, according to The Economist. These conditions give rise to its dominant tech sector and other lucrative industries that create economic value.
But…productivity growth is declining worldwide, including in the US, which is bad news for global economic growth. AI might reverse this trend. Some economists are optimistic that it will boost productivity and turbocharge economies, but the IMF cites experts who say that governments need to do more to promote a competitive environment and support smaller businesses.—SK

https://www.morningbrew.com/daily

8. U.S. Home Equity is $35 Trillion

St. Louis Fed noted, Americans have more than $35 trillion in home equity, which is up by 81% from the end of 2019.

9. Rates Rising Again…Mortgage applications fell 17% last week. That’s the largest weekly drop since April 2020.

Source: Liz Ann Sonders

10. ‘Silent Phase’ Of Alzheimer’s Begins Decades Before Symptoms, NIH Study Suggests

BY TYLER DURDEN ZEROHEDGE

Authored by George Citroner via The Epoch Times (emphasis ours),
Recent advancements in Alzheimer’s disease research show a promising shift in the understanding of the memory-robbing disorder, suggesting that crucial brain changes can occur decades before symptoms manifest.
A recent study has identified a two-phase progression of Alzheimer’s, highlighting a silent phase marked by subtle brain changes long before cognitive decline becomes apparent.
Alzheimer’s disease has a long pre-symptomatic period, with related changes taking place in the brain “10, 15, even 20 years before the onset of memory and thinking symptoms,” Igor Camargo Fontana, Alzheimer’s Association director of scientific conference programming, told The Epoch Times.
This research could also open new avenues for earlier detection and targeted treatments.
“One of the challenges to diagnosing and treating Alzheimer’s is that much of the damage to the brain happens well before symptoms occur,” Dr. Richard J. Hodes, director of the NIH National Institute on Aging, said in a statement. “The ability to detect these early changes means that, for the first time, we can see what is happening to a person’s brain during the earliest periods of the disease.”

The Early Phase: Silent and Gradual Damage

A recent National Institutes of Health (NIH)-funded study provided new insights into the progression of Alzheimer’s disease, potentially paving the way for earlier detection and treatment options.
The findings, published in Nature Neuroscience, say that Alzheimer’s affects the brain in two distinct phases: an early, silent phase characterized by subtle changes, and a later, symptomatic phase marked by widespread damage and the accumulation of amyloid plaques, long associated with the disorder.
Researchers have found that the initial phase of Alzheimer’s is insidious, unfolding slowly over time and occurring well before noticeable memory problems arise. During this phase, a gradual buildup of beta-amyloid plaques and tangles—hallmarks of Alzheimer’s—can be observed.
This early “quiet” phase is marked by subtle changes in brain cells, particularly inhibitory neurons, which may be among the first to become vulnerable, disrupting communication between brain cells, according to Fontana. These cells are mostly located in a brain region that is associated with memory, vision, and language.
The research specifically identified the death of somatostatin inhibitory neurons, a group previously underestimated in their role within Alzheimer’s pathology. This finding challenges the prevailing notion that the disease primarily harms excitatory neurons responsible for facilitating brain cell communication.

https://www.zerohedge.com/medical/silent-phase-alzheimers-begins-decades-symptoms-nih-study-suggests

TOPLEY’S TOP 10 October 22, 2024

October 22, 2024

Matt Topley

Daily Top Ten No Comments

1. Valuation Without Mag 7…19.6X Forward P/E

From Irrelevant Investor Blog-Michael Batnick

https://www.theirrelevantinvestor.com/p/the-compound-and-friends-strength-leads-to-strength

2. Since 1981 Tax Revenue Up 4.9x -Debt Up 44x

I would check these numbers.

https://www.zerohedge.com/precious-metals/end-us-economic-and-military-empire-rise-gold

3. Investors Hedging Run Away Spending with Gold–Gold Miners GDX Chart

50-week moving average thru 200-week to upside

2011-2012 Chart Hit $60

4. More Speculative Junior Miners Same Chart

50 week moving average thru 200 week moving average to upside

GDXJ Hit $160 in 2011-2012 Era

5. Silver +41.5% YTD-Chart

SLV breaks above 2020-2021 levels….Next resistance 2012 levels.

6. Record Debt, Gold New Highs…But U.S. Dollar Still Going Higher

Renmac Dollar Overbought Chart

7. ASML Shows Chip Sector Still Cyclical Business….$8B Revenue Quarter in 2023 to $2B 2024

https://sherwood.news/business/asml-ai-chip-trade-semiconductors-slowdown/?utm_source=chartr&utm_medium=email&utm_campaign=chartr_20241020

8. What’s at Stake in a Strained Microsoft-OpenAI Partnership- DEALBOOK NEWSLETTER

Andrew Sorkin
But tension is building in what Altman once called “the best bromance in tech.”
Microsoft began to get worried after last year’s upheaval at OpenAI and moved to hedge its A.I. bets. That included spending at least $650 million to hire most employees from Inflection, an OpenAI rival led by the former Google executive Mustafa Suleyman. At Microsoft, Suleyman’s role includes building tech that could supplant OpenAI’s products, which has riled some of the ChatGPT parent’s executives.
From The Times:

Some OpenAI staff recently complained that Mr. Suleyman yelled at an OpenAI employee during a recent video call because he thought the start-up was not delivering new technology to Microsoft as quickly as it should, according to two people familiar with the call. Others took umbrage after Microsoft’s engineers downloaded important OpenAI software without following the protocols the two companies had agreed on, the people said.

OpenAI executives are also complaining that Microsoft isn’t providing enough computing power. The start-up has already negotiated their to let it sign a $10 billion contract with Oracle for additional compute, and secured reductions in how much Microsoft charges for its cloud resources.

Both sides are working with investment banks — Goldman Sachs for OpenAI and Morgan Stanley for Microsoft — over how much of a stake the tech giant should have when the A.I. start-up becomes a for-profit entity, according to The Wall Street Journal.

https://www.nytimes.com/2024/10/18/business/dealbook/microsoft-openai-ai.html

9. Top 10 States with Highest Average Retirement Savings Per Person

Visual Capitalist

https://www.visualcapitalist.com/sp/emp01-ranked-the-top-10-states-by-average-retirement-savings/

10. Elite Sports and Business-Farnam Street

Rob Fraser discusses the mindset required to excel in elite sports and business.

“Sometimes you don’t push as hard because there’s no personal mission there. There’s no reason to push. You don’t necessarily take that mindset into everything you do, but it’s really helpful for those larger goals. And it’s similar with business; I think success in any large goal comes down to your ability to endure over the long term. Perseverance. Resilience. People always talk about hacks and quick wins and “How can you shorten the timeline?” And ultimately I think that leads to maybe a quick win here and there, but not longevity. In business and in sport, careers are built on longevity, and that really comes down to a mindset because along that path on anything worth doing, there are just so many ups and downs and sideways and there’s just so much going on.”

— Listen now on Apple, Spotify, or watch on YouTube. (Members have access to the transcript and my reflections.) https://fs.blog

TOPLEY’S TOP 10 October 21, 2024

October 21, 2024

Matt Topley

Daily Top Ten No Comments

1. It’s Not 1999-2000

2. What Sectors are Above their Pre-2022 Bear Market Highs?

https://www.theirrelevantinvestor.com/p/the-compound-and-friends-strength-leads-to-strength

3. Trading Culture is Rampant…HOOD Rolling Out New Trading Tools to Retail

Robinhood +175% in 12 Months as Retail Traders Up Options Trading

4. Uranium Made Double Bottom Now a Tick from New Highs

5. Uranium Miners Chart Similar Picture

6. Portfolio Performance with Rates Falling…It Depends

www.capitalgroup.com

7. Emerging Market ETF Chart

50 week thru 200 week moving average to the upside on long-term chart

8. Saudi Arabia Dream City Neom ‘uses one fifth of world’s steel’

By Andrew Hammond

Neom could be the world’s largest customer for construction materials for several decades, according to an official

Largest construction customer
‘5% of global logistics market’
Market driver for decades

The Neom giga-project in Saudi Arabia is currently using one fifth of all the steel produced in the world, an official said on Monday.
The futuristic city will be the world’s largest customer for construction materials for several decades, said Manar Al Moneef, Neom’s chief investment officer.
She told the Global Logistics Forum in the King Abdullah Financial District in Riyadh that the $500 billion project would be one of the world’s leading drivers of the global logistics sector in coming years.
“Neom is going to be the largest customer over the next decade. If you look at our demand in logistics it’s 5 percent of the global logistics market,” she told the forum, in rare public comments.
Neom’s demand for steel meant “we are 20 percent of the global steel market. If you look at our demand in elevators, cement and so on … put simply, Neom is going to be the largest customer over the next few decades,” Al Moneef said.
Neom, located in the far northwest of Saudi Arabia, is the jewel in the crown of Saudi Arabia’s economic development projects, which have been valued at more than $1.25 trillion.
However, some projects have slowed down as Saudi Arabia’s Public Investment Fund (PIF) faces funding pressures caused by lower oil prices and pressure to funnel cash towards projects in Riyadh before the World Expo 2030 and the 2034 World Cup, both taking place in the Saudi capital.

Neom ‘uses one fifth of world’s steel’ | AGBI

9. U.S. Set to Spend $1.7 Trillion Over 30 Years to Revamp Nuclear Arsenal

NY Times By W.J. Hennigan
With Russia at war, China escalating regional disputes and nations like North Korea and Iran expanding their nuclear programs, the United States is set to spend an estimated $1.7 trillion over 30 years to revamp its own arsenal. The spending spree, which the government began planning in 2010, is underway in at least 23 states — nearly 50 if you include subcontractors. It follows a decades-long freeze on designing, building or testing new nuclear weapons. Along with the subs, the military is paying for a new fleet of bomber jets, land-based missiles and thermonuclear warheads. Tally all that spending, and the bill comes to almost $57 billion a year, or $108,000 per minute for three decades.

https://www.nytimes.com/interactive/2024/10/10/opinion/nuclear-weapons-us-price.html

10. Every Leader Needs to Navigate These 7 Tensions -HBR

by Jennifer Jordan,Michael Wade, and Elizabeth Teracino
In recent years, articles have claimed that old-style command-and-control leadership is “out” and a new way of leading is “in.” Instead of telling people what to do, leaders should ask them open-ended questions. Instead of sticking exactly to plans, they should adjust goals as new information emerges. Instead of working from the gut, a leader should rely on data to make decisions. And so forth.
Let’s call this old-fashioned leadership model traditional and the new one emerging. Here’s the challenge: in the current environment, most executives need to be good at both styles to succeed. That is, any leader who relies solely on positional authority will run into trouble; business, technology, and workforce expectations are changing much too quickly for that approach to be sustainable. But at the same time, any leader who fails to strive for perfection, who never tells and only listens, and who shares but never holds power, will also struggle to be effective.
In surveys and interviews with hundreds of leaders worldwide, we uncovered seven core tensions between the traditional and emerging leadership approaches. Those tensions create significant stress for leaders, as they are often unsure of what competencies, skills, and behaviors to exercise in a particular context. In this article, we describe the tensions, outline the dangers in ignoring them, and suggest coping strategies for balancing the two approaches.
Tension 1: The Expert vs. the Learner
Traditionally, leaders built their careers by developing deep expertise of some kind and demonstrating increasing levels of competence as they moved up the corporate ladder. Organizations assumed that they would bring superior insight to the challenge at hand. In the emerging approach, leaders must accept that their specialized expertise is limited (in some cases obsolete) and be open to learning from others. This is especially true when it comes to digital knowledge, as many of the leaders who are tasked with leading digital transformations are not digital natives themselves. If this tension is not managed wisely, leaders run the risk of making bad or inappropriate decisions.
Tim Westergren, co-founder of streaming radio platform Pandora, was able to blend the two. He believed that a key to his success was combining his deep knowledge of the industry with an openness to learning from others about new trends and technologies. Prior to Pandora, Westergren worked as a record producer and composer for two decades, under the name Pandora Media, which was all about music discovery — this fed Pandora’s “music genome” algorithm, one of the keys to Pandora’s success. But then when the company shifted to a freemium business model, he was in new territory and had to rely heavily on insights and knowledgefrom employees and customers.
Tension 2: The Constant vs. the Adaptor
The traditional approach to leadership values decision-making conviction and consistency; good leaders “stick to their guns.” By contrast, the emerging approach recognizes that in fast-changing environments, decisions often need to be reversed or adapted, and that changing course in response to new information is a strength, not a weakness. If this tension is not managed wisely, leaders run the risk of seeming too rigid, on the one hand, or too wishy-washy on the other.
Early in his career, Jim Whitehurst, CEO of open-source software company Red Hat, decided to release a product that wasn’t completely open source, which was against company policy. Not surprisingly, the product failed. Fortunately, he had developed a reputation for providing a secure, solid base for his team. Consequently, when he openly admitted his error, employees and colleagues were willing to quickly move forward from the mistake.
Tension 3: The Tactician vs. the Visionary
The traditional approach to leadership calls for operational clarity and well-defined plans. The emerging approach suggests that leaders require a clear vision for where they want to go, without necessarily needing a concrete roadmap for how to get there. If this tension isn’t managed wisely, leaders run the risk of providing no “north star” for their team members. On the other hand, if they are not grounded in reality, they may serve up lofty, unrealistic, or intangible goals.
Vas Narasimhan, CEO of Novartis AG, believes that predictive analytics and artificial intelligence will revolutionize the healthcare industry. Therefore, he invested significantly in AI and challenged different parts of the organization to find their own way to deploy the technology. Most teams welcomed the initiative, but Narasimhan noticed that they often struggled to link AI to their daily work. Thus, he paid close attention to the day-to-day processes needed to allow these “bigger, bolder moves” to achieve results for the pharmaceutical giant. He infused predictive analytics and artificial intelligence into the operational heart of the company itself, as a tangible first goal, and launched a tool enabling real-time viewing of all 500 clinical trials around the world, which can be expanded into other areas such as manufacturing and regulatory affairs.
Tension 4: The Teller vs. the Listener
The traditional approach to leadership calls for leaders to tell others what to do and how to do it. The emerging approach values listening carefully to others before deciding. If this tension is not managed wisely, leaders run the risk of missing important information that resides in the team members surrounding them. Conversely, if a leader refrains from providing their viewpoint, they miss the chance to apply their own valuable knowledge.
Angela Ahrendts, former CEO of Burberry, entered her role with a clear point of view: that the fashion brand needed to become relevant to a generation of Millennial shoppers in order to thrive. But when it came to specific operational decisions, she sourced ideas and opinions from a wide range of people, leading to an almost doubling of Burberry’s operating profits during her tenure.
Tension 5: The Power Holder vs. the Power Sharer
The traditional approach suggests that leaders must lead from the top, make decisions, and take actions independently. In contrast, the emerging approach values empowering others to achieve goals. If this tension is not managed wisely, leaders run the risk of alienating and marginalizing promising talent. Alternatively, they may undermine their own authority by sharing power too broadly.
Marco Bizzarri, CEO of Gucci, held the power endowed to his position by managing the financial part of the business while giving Gucci’s creative director, Alessandro Michele, the space to focus solely on what he does best — the design. But he also knew when to empower, creating a shadow board of Millennial employees to advise the fashion behemoth’s executive team.
Tension 6: The Intuitionist vs. the Analyst
The traditional approach suggests that leaders build up an “expert gut” to make intuitive decisions. By contrast, the emerging approach says that leaders should base decisions largely on data. If this tension is not managed wisely, leaders run the risk of making decisions based on outdated and biased heuristics. Or, on the other hand, they risk ignoring their inner compass, which might provide valuable insights from past experience.
Barbara Coppola, CDO of IKEA, advocates for the importance of data-driven decision-making and data standardization globally, while giving regions the latitude to innovate to suit their immediate markets. Because data and certain metrics are standardized across regions, these can be benchmarked easily against all other regions, as well as globally. The benchmarking standardization tactic gives an overall picture from which intuitive hunches about which regional innovations could be experimentally expanded or leveraged globally.
Tension 7: The Perfectionist vs. the Accelerator
The traditional approach asserts that leaders should take the time to deliver a perfectly finished product. The emerging approach calls for leaders to acknowledge that doing something quickly, and failing fast, is often more important than doing it perfectly. If not managed wisely, leaders run the risk of delaying the launch of key initiatives or directives due to a fear of imperfection. Conversely, bringing initiatives forward without ample consideration and testing can lead to embarrassing results.
Charlotte Lindsey-Curtet, director of digital transformation and data at the International Red Cross, strives to maintain an impeccable, privacy-by-design approach to protecting the identity of refugees. However, she also explores ways to connect refugee families via new technologies, like biometrics, as speed is a critical factor in family reunification.
What can executives do to navigate these tensions?
Leaders improve their effectiveness not by consistently emphasizing one approach over the other, but by developing the ambidexterity to move between the two as the context requires. The difficulty of achieving this level of cognitive and behavioral ambidexterity should not be underestimated — but it can be achieved, with focused efforts.
Self-awareness. Understanding one’s natural tendencies is an important first step. Where is your comfort zone? What’s your default position? In the digital world, leaders can gain insight about themselves from real-time feedback apps or from online forums where members of their community post comments and provide assessments.
Learn, adapt, practice. Once leaders know their natural tendencies, they can work to develop a portfolio of micro-behaviors to address the tensions that they don’t manage well. This process can be enhanced by formal coaching. That may come in the form of human coaching, or through a coaching bot, like Jolt.ai.
Contextual awareness. Becoming a more effective leader means not only expanding one’s current leadership approach to incorporate new behaviors but knowing when to focus more on one side of the tension or the other. This requires both contextual awareness and emotional intelligence — sourced directly from the leader or from the surrounding social environment. Through programs like reverse mentoring, leaders can rely on the diversity embedded within their workforces to give them advice on when it is appropriate to favor one approach more than the other.
Read more on Leadership and managing people or related topics Managing yourself and Decision making and problem solving

TOPLEY’S TOP 10 October 17, 2024

October 17, 2024

Matt Topley

Daily Top Ten No Comments

1. Insider Buying at Lows

DC Lite Blog Insiders
“You know who’s not chasing stocks here? Insiders. Corporate executives among S&P 500 firms have some of the least open market purchases in 13 years.”

@jasongoepfert

2. Current Expansion Still Early?

Torston Slok Apollo

3. Bond allocations see record drop amid jump in investor optimism, BofA survey finds

By Christine Idzelis
Investor optimism has jumped the most since June 2020 on the Federal Reserve’s interest-rate-cut cycle, expectations for a soft landing for the U.S. economy and China’s stimulus, according to BofA Global Research’s global fund manager survey in October.Allocations to stocks surged, while bonds saw a record drop in allocations, BofA said in an Oct. 15 note on the survey. Cash levels fell to 3.9% from 4.2%, the survey found.

While BofA’s bull and bear indicator indicates “froth” is rising, it’s “not yet the big ‘sell signal,’” according to the report. The fund manager survey found bond allocations dropped to 15% underweight from 11% overweight, while global equity allocations jumped to 31% overweight.

https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-take-a-pause-after-sell-off/card/bond-allocations-see-record-drop-amid-jump-in-investor-optimism-bofa-survey-finds-Z0PP2n9PSHN9KFpS1SpR?mod=home-page

4. U.S. Dollar About to Make New Highs

5. Taiwan Semis Hitting New Highs on Numbers

Barrons-Taiwan Semiconductor Manufacturing posted a big jump in profit and sales for the third quarter, beating analysts’ estimates. It’s a sign of strong demand for artificial-intelligence chips. Taiwan Semi, or TSMC, said revenue in U.S. dollars in the third quarter jumped 36% from a year earlier to $23.5 billion. Net profit rose 54% on the year to the equivalent of $10.1 billion. https://www.barrons.com/articles/tsmc-taiwan-semiconductor-earnings-stock-678836db?mod=hp_LEAD_5

6. Underwater Car Loans

American consumers are increasingly underwater on their car loans (cnbc.com)

7. However…Households Net Worth Going Up Across the Board….Dwarfing National Debt

Yes the large amounts of stimulus helped boost this and also ballooned the national debt. But take a look at household net worth less the national debt. This chart is really something.

Source: Jake

8. History of Portfolio Returns Since 1976

Jeffrey Sinak -AMG

https://wealth.amg.com/contactus/

9. India Plans $109 Billion Of Grid Investments To Boost Renewables

Zerohedge By Charles Kennedy of OilPrice.com

India plans a massive upgrade and expansion of its power transmission system, expecting investment opportunities of $109 billion to support the integration of renewable energy sources and storage solutions, the power ministry has said.
India’s new National Electricity Plan (Transmission) envisages the addition of hundreds of thousands of kilometers of transmission lines, transformation capacity, and inter-regional transmission capacity by 2032.

India aims to have 500 gigawatts (GW) of renewable energy capacity installed by 2030 and more than 600 GW by 2032, according to the National Electricity Plan.
The country expects its power demand to surge to 708 GW by 2047, India’s Power Minister Manohar Lal said in a statement. To meet this demand, India needs to quadruple its power capacity, the minister added.

“This is not just about increasing capacity; it’s about reimagining our entire energy landscape,” Lal said.
“We have set an ambitious target of 500 GW of non-fossil energy capacity by 2030, effectively doubling our current capacity,” he added.

This push towards green energy aligns with India’s commitment to reducing carbon emissions by one billion tons by 2030 and achieving net-zero emissions by 2070, the power ministry said.
Last month, Renewables Energy Minister Pralhad Joshi said that financial institutions had pledged $386 billion in investment commitments to help India boost its renewable energy industry.

The country will need to install at least 44 GW of clean energy capacity every year by the end of the decade to meet the 500-GW goal, according to Bloomberg’s estimates based on data from the Indian Ministry of Power.

“We received overwhelming commitments from states and Union Territories as well as from the developers, manufacturers, and financial institutes to support our goal of 500 GW by 2030,” Joshi said at the annual Renewable Energy Investor’s Meet and Expo in India.
India-based conglomerates Reliance Industries and Adani are among the companies that have pledged additional renewable energy capacity. Reliance committed 100 GW of additional renewable capacity, and Adani Green Energy pledged to develop 38.8 GW of capacity.

https://www.zerohedge.com/energy/india-plans-109-billion-grid-investments-boost-renewables

10. New Neuroscience Reveals 5 Secrets That Will Make You Smarter -Eric Barker

Here’s how to get smarter:

Consider The Opposite: No, this is not a mental autoimmune disorder; it’s epistemological hygiene. Consider how you could be wrong and you’re less likely to be wrong.
Use Self-Distancing: Sounds like something I might do at a family reunion. In reality, it’s stepping outside your emotional meltdown to look at the situation from a cool, objective distance, as if you’re watching a Netflix show about a character named “You.”
Use Base Rates: Those grim reapers of magical thinking that most people completely ignore because math is hard and hope is addictive. Before you worry about the unlikely or predict the impossible ask, “How often does this actually occur?”
Use Emotional Differentiation: The top investors are out there deciphering the exact flavor of their emotional state like wine connoisseurs, while we’re over here chugging emotional boxed wine. Get nuanced about your feelings and intuition can become a sixth sense.

We’d all love to have clear answers in life – but sometimes a little ambiguity can lead to better thinking.

Researchers did a study where students were given a method to solve a type of math problem. Half the students were told this was “the way to solve this equation” and the other half was told this was “one way to solve this equation.” And that little word made all the difference.

Students who heard “one way” were 50% more likely to get the right answer. And, when tested, they had a more thorough understanding of the mathematical principle. Researchers redid the study with students in the humanities and social sciences. It worked again and again.

When we hear, “This is the cause, end of story,” we’re like, “Cool, I’ll just memorize that and never think about it again.” But with a little ambiguity it’s like we’ve been handed the intellectual equivalent of a treasure map. We’re no longer following orders — we’re exploring. It’s like handing someone a mystery novel instead of a manual.

Our brains expand faster than the plot holes in a Fast & Furious movie. Instead of mindlessly regurgitating what we’re told, we’re thinking critically. When we hear, “Hey, this is one option, but there might be others,” we start thinking we have agency — and we start using our brains.

Don’t let yourself get locked on to one idea. Don’t get lazy. Leave some wiggle room. Stay open-minded. Ambiguity doesn’t always create confusion. Sometimes it creates curiosity. And curiosity? That’s the stuff of brilliance.

Whatever your cognitive ability might be, start using these tools to improve your cognitive style. Consider the opposite: What if this problem isn’t as difficult as I think it is? Then self-distance: What would I tell my friend if they were in this situation? Check the base rates: How does this usually play out in the real world? Use emotional differentiation: Am I really “unhappy” with this situation, or am I just “frustrated” with this one issue? And, finally, consider there might be more than one way to make things better…

Having a high IQ doesn’t come with a warranty against being stupid. Being smart is great, but being aware of how your brain is trying to trick you? https://bakadesuyo.com/

That’s genius.

https://www.profgalloway.com/origin-story-2/