To The Moon

According to U.N. projections, India's population is expected to reach an estimated 1.4286 billion people in 2023, surpassing mainland China's population of 1.4257 billion, which would make India the most populous country in the world. India not only has the potential to become the most populous country in the world, but it also boasts the largest young population aged between 15 and 24, with a staggering 254 million individuals. This youthful labor force could serve as a critical economic force, potentially driving growth and development for several decades to come. On the other hand, China's population is rapidly aging, with over 12% of its citizens aged 65 and above, compared to India's 6%. Moreover, China's population recently experienced a decline in 2022 for the first time in over 60

$Martin Marietta Materials(MLM)$ is a natural resource-based building materials company. Over the past 17 years, its revenue grew at a 7.1 % CAGR via both organic growth and acquisitions. Over the same period, the US total construction spending only grew at 2.7 % CAGR. You would think that MLM should be analyzed and valued as a growth company. But the following shows that this is not the case: MLM serves a low-growth cyclical construction sector. While its revenue grew faster than construction spending, this was via a combination of acquisitions and product mix changes. The growths and changes did not translate into positive trends for all the metrics that drove returns. ROE declined. Gross profitability also declined. Capital efficiency got worse.

Just now, the lithography giant ASML $ASML Holding NV(ASML)$ released its Q1 results for 2023, with financial data exceeding market expectations, of which Q1 revenue was 6.746 billion euros, exceeding analysts' expectations of 6.3 billion; Gross margin was 50.6% versus market estimates of 49.8% :Despite the impressive results, ASML shares fell as much as 4.4% in European trading after fears of customer cutbacks materialized as Q1 orders fell 46.2% to $3.75 billion:As a giant of lithography, ASML is in a semiconductor industry with obvious periodicity. From the perspective of the industry chain, lithography machines and other semiconductor equipment are in the upstream of the industry chain, while downstream customers are mainly chip manufacturers