The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • The Future of Litigation Finance and Prediction Markets 

• Industry Thoughts
  • The Consumer Goods Sector and Luxury Products

• Facts & Figures
  • Luxury Brand Acquisitions Over Time 

• Featured Companies
  • Puig Brands SA (PUIG SM) 
  • Pandora A/S (PNDORA DC) 
  • Prada SpA (1913 HK) 
  • Van De Velde NV (VAN BB) 

• Post-Musings
  • Giffen Goods vs. Veblen Goods 

• From the Readers
  • Litigation Finance Expectations 

• Appendices
  • The Wealth Index (RCH) 
  • Money Manager Index 
  • International Money Manager Index 

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • Large Technology Companies and Capital Spending 

• Industry Thoughts
  • The European Pharmaceutical Industry

• Facts & Figures
  • Capital Expenditures: Apple vs. Alphabet
  • World Pharmaceutical Markets by Revenue
  • Healthcare Spending as a Percent of GDP: Europe vs. U.S. 

• Featured Companies
  • Novo Nordisk A/S (NVO)
  • Haleon PLC (HLN LN)
  • Reckitt Benckiser Group PLC (RBGLY)
  • Repsol SA (REP SM) 

• Post-Musings
  • The Problems of International Index Construction 

• From the Readers
  • Sabine Royalty Trust Reserves

• Appendices
  • The Wealth Index (RCH)
  • Money Manager Index
  • International Money Manager Index 

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • NVIDIA vs. the Energy Sector 

• Industry Thoughts
  • The S&P 500’s Natural Gas Exposure

• Facts & Figures
  • Power Generation in the U.S. and India
  • Natural Gas Consumption in India and China 

• Featured Companies
  • Vivendi SE (VIV FP)
  • Canal+ SA (CAN LN)
  • Havas NV (HAVAS NA)
  • Louis Hachette Group SA (ALHG FP) 

• Post-Musings
  • Artificial Intelligence and Publishers 
• From the Readers
  • Supply Constraints and Natural Gas 

• Appendices
  • The Wealth Index (RCH)
  • Money Manager Index
  • International Money Manager Index 

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • The Problem of European Data Centers 
• Industry Thoughts
  • Norway’s Unusual Energy Sector 
• Facts & Figures
  • British Natural Gas Production
  • Norwegian Natural Gas Production
  • U.K. Power Consumption
  • Electric Consumption by Country
  • Leading Countries for Data Centers
  • Power Production in China 
• Featured Companies
  • Equinor ASA (EQNR NO)
  • Snam SpA (SRG IM)
  • Burford Capital Ltd. (BUR)
  • E.ON SE (EOAN GY) 
• Post-Musings
  • Consumption vs. Infrastructure 
• From the Readers
  • Collecting from Argentina
  • The Future of Natural Gas Demand 
• Appendices
  • The Wealth Index (RCH)
  • Money Manager Index
  • International Money Manager Index 

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • The Growing Demand for Electric Power 
• Industry Thoughts
  • Utilities and Artificial Intelligence 
• Facts & Figures
  • Data Center Power Consumption 
• Featured Companies
  • Airbus SE (AIR FP)
  • National Grid plc (NG LN)
  • Novonesis (Novozymes) B (NSISB DC)
  • Cellnex Telecom SA (CLNX SM) 
• Post-Musings
  • Artificial Intelligence and Water 
• From the Readers
  • The Future of Spectrum Space
  • Data Center Company P/E Ratios
  • Desalinization and Utilities 
• Appendices
  • The Wealth Index (RCH)
  • Money Manager Index
  • International Money Manager Index

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • The Issue of India in Global Asset Allocation
  • Industry Thoughts
  • Public Indian Subsidiaries of Public U.S. and European Firms 
• Facts & Figures
  • Market Capitalization of Public Indian Subsidiaries and Parent Firms
  • First-Language Speakers of Major Indian Languages
  • Median Age of Selected Countries
• Featured Companies
  • Technip Energies NV (TE FP)
  • Odfjell Drilling Ltd. (ODL NO)
  • Odfjell Technology Ltd. (OTL NO)
  • Unilever PLC (ULVR LN) 
• Post-Musings
  • Alternative Approaches to Investment in India 
• From the Readers
  • Canadian Subsidiaries vs. Indian Subsidiaries
  • Understanding Swiss “P Shares”
  • Urbana Corp. and the Bombay Stock Exchange 
• Appendices
  • The Wealth Index (RCH)
  • Money Manager Index
  • International Money Manager Index 

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • The Centerpiece of Equity Investing
• Industry Thoughts
  • A Plateau for the Internet 
• Facts & Figures
  • Global Internet Penetration by Region
  • Most Popular Websites Worldwide
• Featured Companies
  • Compagnie Financiere Richemont SA (CFR SW)
  • Kering SA (KER FP)
  • Christian Dior SE (CDI FP)
  • Novonesis (Novozymes) B (NSISB DC)
• Post-Musings
  • The Implications of SearchGPT
• From the Readers
  • The S&P 500 and the Dilemma of Indexation
  • Amazon’s Distribution Network vs. SearchGPT
• Appendices
  • The Wealth Index (RCH)
  • Money Manager Index
  • International Money Manager Index 

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • The Evolution of Modern Equity Indexes
• Industry Thoughts
  • Index Valuation Distortion
• Facts & Figures
  • The Exception to the Concentration Rule
  • MSCI ACWI’s Hidden Russia Exposure
  • The Consolidation of Retail
  • Real Wages Across the Decades
• Featured Companies
  • Holcim AG (HOLN SW)
  • Heidelberg Materials AG (HEI GY)
  • Italmobiliare S.P.A. (ITM IM)
  • Sofina SA (SOF BB)
• Post-Musings
  • China, Taiwan, and Contemporary Indexation
  • From the Readers
  • Indexation and Geopolitical Risk
  • The Future of Cement

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • China, Seen Through the CIA World Fact Book
• Industry Thoughts
  • China and ETFs
• Facts & Figures
  • Patents in the U.S. and China
• Featured Companies
  • Anglo American PLC (AAL LN)
  • Telefonica SA (TEF SM)
  • Vodafone Group PLC (VOD LN)
  • Orange (ORA FP)
• Post-Musings
  • China and the S&P 500
• From the Readers
  • Chinese Earnings Multiples
  • Insurance Companies in Florida
  • The MSCI Index Business

The following topics are discussed in this month’s compendium:

• Murray’s Musings
  • Strategic Materials
• Industry Thoughts
  • China and the Technology Stocks
• Facts & Figures
  • U.S. Undergraduate Enrollment
  • Undergraduate Enrollment in China
  • Engineering Graduates in China
• Featured Companies
  • Telefonica SA (TEF SM)
  • Infrastrutture Wireless Italiane S.p.A. (INW IM)
  • RAI Way S.p.A. (RWAY IM)
  • Kering (KER FP)
• Post-Musings
  • Development of Chinese Technological Capacity
• From the Readers
  • China, Technology, and ETFs