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Tune into weak signals in a world of data dominance

Mint Ahmedabad

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November 28, 2025

World War II saw the full fury of air power in battle, first exercised by Axis forces and then by the Allies, culminating in American B-29 bombers dropping atomic bombs on Hiroshima and Nagasaki.

- PAVAN SONI

But before that, as the US sent warplanes behind enemy lines in Europe, most were shot down by German tanks and air fighters. A pressing need was to armour these planes. But this made these craft heavy. It was a classic optimization problem: How much of the plane should be armoured?

In came Abraham Wald, a mathematician working at the Statistical Research Group of Columbia University. His first task was to call in data, specifically on the surviving fighters’ bullet holes, which was duly presented to him. On average, the plane’s engine had 1.11 bullet holes per square foot, the fuselage 1.73, fuel system 1.55 and rest of the body 1.8. The military personnel were convinced that precious armour must be used for the worst hit areas, namely the fuselage and rest of the plane; the engine didn’t seem to be that badly hit. But after one glance at the data, Wald famously declared, “The armour doesn’t go where the bullet holes are. It goes where the bullet holes aren't: On the engines.” His argument was that the most relevant data was what the numbers had missed: the bullet holes on missing planes, the ones that did not return. After all, planes with fewer engine hits had survived. Thus, he toppled conventional thinking and saved the day for the Allied powers.

Mint Ahmedabad からのその他のストーリー

Mint Ahmedabad

Mint Ahmedabad

The curious case of LIC's voting on RIL, Adani resolutions

Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.

time to read

1 min

November 28, 2025

Mint Ahmedabad

Mint Ahmedabad

360 One, Steadview, others to invest in Wakefit ahead of IPO

A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.

time to read

1 min

November 28, 2025

Mint Ahmedabad

Mint Ahmedabad

Diversification holds the key to reducing our trade vulnerability

India's merchandise exports are less exposed to US policy vagaries than services. The latter need to find new export markets

time to read

4 mins

November 28, 2025

Mint Ahmedabad

It's a multi-horse race on stock markets as Smids muscle in

tion through retail flows, systemic investment plans (SIPs) and passive assets under management (AUM).

time to read

2 mins

November 28, 2025

Mint Ahmedabad

Investors expect AI use to soar. That’s not happening

On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.

time to read

2 mins

November 28, 2025

Mint Ahmedabad

Mint Ahmedabad

Tech startups on M&A route to boost scale, market share

M&As were earlier used to enter new markets or geographies, but that strategy has evolved

time to read

2 mins

November 28, 2025

Mint Ahmedabad

VentureSoul closes first debt fund at ₹300 crore

VentureSoul Partners has announced the close of its maiden debt fund at ₹300 crore, with plans to raise an additional ₹300 crore through a green shoe option by February 2026.

time to read

1 min

November 28, 2025

Mint Ahmedabad

Mint Ahmedabad

GOING SOLO: FACING THE GROWING REALITY OF SOLITARY RETIREMENT IN INDIA

What we plan for ourselves isn't always what life plans for us.

time to read

2 mins

November 28, 2025

Mint Ahmedabad

Catamaran to boost manufacturing bets

Catamaran is focused on a few areas in manufacturing, such as aerospace

time to read

2 mins

November 28, 2025

Mint Ahmedabad

Mint Ahmedabad

Can I claim TDS refund despite missing return filing deadline?

I am an NRI living in Dubai and have investments in Indian listed stocks. One of the companies I invested in, did a buyback in March, on which Tax Deducted at Source (TDS) was deducted. At that time, I was advised by a friend that I could claim a refund of TDS at the time of filing my tax return due to the benefits of the Double Taxation Avoidance Agreement (DTAA).

time to read

2 mins

November 28, 2025

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