https://thelongview.vercel.appIndependent research on businesses, markets, valuation and financial technology. Research and essays by Khushal Dangar.enhttps://thelongview.vercel.app/articles/same-industry-different-economics/https://thelongview.vercel.app/articles/same-industry-different-economics/Two companies can sell similar things and still earn money in very different ways. A practical comparison of margins, cash, capital and the price an investor pays.Tue, 13 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/does-recurring-revenue-make-a-business-predictable/https://thelongview.vercel.app/articles/does-recurring-revenue-make-a-business-predictable/Subscriptions provide a useful starting point for a forecast. Retention, pricing and renewal behaviour tell us how much confidence that starting point deserves.Mon, 12 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/when-a-new-store-pays-back/https://thelongview.vercel.app/articles/when-a-new-store-pays-back/A shop can cover its bills long before it recovers the cash spent to open it. Follow inventory, the sales ramp and store ownership to understand retail expansion.Thu, 08 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/why-bank-deposits-matter/https://thelongview.vercel.app/articles/why-bank-deposits-matter/A deposit is more than a balance-sheet number. HDFC Bank’s latest update and annual report show why funding mix, customer relationships and repricing shape a bank’s earnings.Wed, 07 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/when-gold-prices-rise/https://thelongview.vercel.app/articles/when-gold-prices-rise/Higher gold prices can lift a jeweller’s revenue without matching growth in demand. Titan’s disclosures help separate sales, buyer activity and grams sold.Mon, 05 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/when-better-margins-mean-less-profit/https://thelongview.vercel.app/articles/when-better-margins-mean-less-profit/Nike’s October results show why a higher gross margin can leave a smaller profit pool. Follow the sales, the costs and the money left to run the business.Sun, 04 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/what-a-buyback-actually-buys/https://thelongview.vercel.app/articles/what-a-buyback-actually-buys/NVIDIA’s new repurchase authorisation is a useful starting point. The price paid, the shares left and the cash spent determine what a buyback does for continuing owners.Sat, 03 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/when-ai-capex-falls/https://thelongview.vercel.app/articles/when-ai-capex-falls/Microsoft’s latest spending guidance shows why a smaller capital-expenditure headline can leave the underlying investment plan intact. Follow the leases, then follow the cash.Fri, 02 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/when-a-digital-payment-looks-free/https://thelongview.vercel.app/articles/when-a-digital-payment-looks-free/A UPI payment can cost the customer nothing and still take a network of banks, apps and infrastructure to complete. Here is how the bill is shared.Thu, 01 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/research/asian-paints/https://thelongview.vercel.app/research/asian-paints/A complete company study of Asian Paints: strategy, marketing, three years of consolidated financial evidence, and the boundaries of its sustainability claims.Thu, 01 Oct 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/good-business-two-different-returns/https://thelongview.vercel.app/articles/good-business-two-different-returns/Strong business results do not settle what investors will earn. Microsoft’s fiscal 2026 filing and a simple price experiment show why the starting valuation matters.Wed, 30 Sep 2026 00:00:00 GMTKhushal Dangarhttps://thelongview.vercel.app/articles/revenue-growth-without-cash-growth/https://thelongview.vercel.app/articles/revenue-growth-without-cash-growth/Tesla’s 2023 filing shows how rising sales can coexist with weaker operating cash flow—and why the explanation matters more than the headline.Tue, 29 Sep 2026 00:00:00 GMTKhushal Dangar