Thread by @RamBhupatiraju

The annual presentations by @benedictevans are amazing.🙌

So many great insights in the 2021 edition "The Great Unbundling". 🔟of my fav slides in the thread below, mixed with my comments.

ben-evans.com/presentations

1⃣ Differentiating Ecommerce penetration by category is important, as some of these smaller categories and leading Co's within might have a lot more growth left.

2⃣ The various parties in the Digital Ad space. The changes being brought by $AAPL, $GOOG, Gov regulation and being fought by $FB should be interesting to watch in the next few Qtrs, along with how the DSPs and SSPs navigate the environment.

3⃣ The falling Energy costs of Wind/Solar in comparison to Fossil fuels. Such a delightful trend to watch.

4⃣ The Smartphone enabled leapfrogging of 20th century infrastructure (in Payments & many other sectors), especially in Asia is so mindboggling. Huge trend changes in just 5 years.

5⃣ The Jio effect in India cannot be overstated. Democratizing data access at such a low cost for hundreds of millions of people is awesome.

6⃣ Reason why I'm not selling my $MELI shares anytime soon (yes, as long as the thesis holds and improves, I know). 👇

7⃣ "The future has arrived, it’s just not evenly distributed yet.” (William Gibson) is one of my favorite (indirect investing) quotes.

Before diving too deep into the Fin stmnts, it's useful to observe what's happening arnd the world & how it might impact our Co's in the future.

8⃣ Regulation is coming to Tech, in some shape or form soon.

9⃣ but it might be a bigger burden on the smaller Co's, if not carefully crafted.

🔟 Tech : From the fringe to the Core