Happy weekend everyone! This week’s readings/links include Culper Research’s short report on Kaspi.kz, Richard Koo on China’s balance sheet recession, Richard Lawrence on the lessons from his journey building Overlook Investments, Nandan Nilekani on the creation of Aadhaar and his vision for India’s digital transformation, Joe Walker’s wide-ranging conversation with Nassim Taleb and Bloomberg on Malaysia’s oversupply of real estate (this was my first research project as an analyst many years ago!).

• Culper Research: Kaspi.kz short report.
• Blockworks Macro: Richard Koo on China’s balance sheet recession.
• The Investor’s Podcast: Betting big on China & lessons from bear markets w/ Richard Lawrence.
• The Record: Nandan Nilekani shares his vision for India’s digital transformation.
• The Joe Walker Podcast: Meditations on Extremistan.
• Bloomberg: World’s second tallest tower spurs debate about who needs it.