Linkfest: 12 December, 2025

Some stuff I am reading today morning:

Mexico to impose 50% tariffs on India (MC)

Retail investors sell 23,000 Cr in 2 months (Rediff)

Big Tech is doubling down on India (CNBC)

Theme: Exchanges (FE)

Trillion $ Marketcaps (Aswath Damodaran)

Understanding ROIC of low growth businesses (BHI)

The Vibecession (Kyla)

The discipline of stepping away (Financial Pen)

Bad Strategy (DR)

The Company as a Machine for doing stuff (Not Boring)