Blogs

Published on 26 Oct, 2018

The end of QE and fund management

Published on: 26 Oct, 2018 Over the last ten years macro factors drove the majority of stock returns in India thus reducing the importance of...

Published on 20 Oct, 2018

Fooled by probabilities and by Indian NBFCs

Published on:20 October, 2018 There are plenty of cleverly crafted games in which you win most of the time and are rewarded with small payoffs....

Published on 19 Oct, 2018

What do we expect from a CEO

Published on: 19 Oct, 2018 Rather than being a corporate Superwoman, the Effective CEO is an honest, industrious, well informed executive who is...

Published on 12 Oct, 2018

Spotting the Liar in the Boardroom

Published on: 12 Oct, 2018 Alongside our forensic accounting model, we also use questioning techniques popularised by the CIA to figure out whether...

Published on 05 Oct, 2018

The Hero Delusion in Sport, Business & Elsewhere

Published on: 5 Oct, 2018 Evolution has trained us to use ‘thumb rules’ to simplify complex decisions. However, when these thumb rules don’t...

Published on 29 Sep, 2018

Accounting fraud and liquidity crunches are bedfellows

Published on: 29 Sep, 2018 Major accounting frauds typically come to light when liquidity tightens. Given the over 2% point jump in money market...

Published on 20 Sep, 2018

Elections are irrelevant for equity investors

Published on: 20 Sep, 2018 Exhaustive research by American political scientists, Chris Achen & Larry Bartels, shows that elections neither...

Published on 10 Sep, 2018

Reverse Positioned Brands

Published on: 10 Sep, 2018 “The writer-physician Atul Gawande has written about the phenomenon of ‘positive deviants’ in the...

Lehman, liquidity and Indias exposed financial system

Published on 28 Aug, 2018

Lehman, liquidity and Indias exposed financial system

On a crisp wintry morning in January 2007 I sat down with, John Kay, the Chairman of the firm I had co-founded in London, for our monthly chat. Over...