Published on 26 Nov, 2020
Do Brands Really Matter?
“For an incumbent to enjoy competitive advantages on the demand side of the market, it must have access to customers that rivals cannot match....
Published on 06 Nov, 2020
Deglobalization: The ultimate ‘fake news’ story
It has become fashionable to say that we are in the age of de-globalization driven by hyper-nationalist politicians. Thankfully, the data simply does...
Published on 28 Oct, 2020
How CAPM has hurt a Generation of Indian Investors
The Capital Asset Pricing Model clearly does not work in India – neither in theory nor in practice – because in the Indian market, risk &...
Published on 21 Oct, 2020
A Century of Rapid Recoveries in Consumption
Whenever the economy is hit by a mega-crisis, consumption proves to be far more robust than most people expect it to be. Furthermore, financially...
Published on 23 Sep, 2020
Five Non-Finance Books That Investors Will Enjoy
We spent two years reading extensively before we published the “The Victory Project”. The books which led to “The Victory Project” are the...
Published on 28 Aug, 2020
How Investors Are Trapped By The Prisoner’s Dilemma
Whilst there are dozens of books on how to invest like Warren Buffett, most investors spend their lives far away from the compounding heaven in which...
Published on 21 Aug, 2020
The Antifragility Test Applied to Consistent Compounders
Antifragility is a much talked about virtue these days. However, what are the sources of antifragility? Why are some companies antifragile whereas...
Published on 14 Aug, 2020
The Difference Between Great and Good Investors
Great investors differ from good investors in three key respects: (1) they are able to reduce mental clutter and thus focus more deeply on the key...
Published on 07 Aug, 2020
“The Victory Project” on Marcellus’ Second Birthday
This week we celebrate a triple triumph – Mumbai’s quiet victory against the ravages of Covid-19, Marcellus’ second birthday and the...