Marcellus Insights

Consistent Compounders

Profiting From a Fading State & Rising Inequality

As fiscally squeezed nation states retreat from providing the essentials of life, the private sector steps in to provide public goods. In India, 47% of healthcare is paid out of pocket; roughly half of schoolchildren are in private schools; and 9 million private security guards compare against 2.1 million police. The wealth from this great […]

Consistent Compounders

Short read: No league tables, no trophies: how Norway made sport fun for kids – and built a football team that beat Brazil

The football world cup is billed the greatest show on the planet for a reason. Besides the sheer joy of watching the beautiful game on TV, it is incredible to see the fans from around the world passionately cheering for their countries. And the standout sight of this world cup has to be the Norwegian […]

Consistent Compounders

Short read: What I Learned About Wealthy People as a Private Banker

As the wealth management industry in India grows apace — India added more dollar millionaires last year than any other country in Asia — a question worth asking is: what are wealthy people actually like? Elizabeth George spent 20 years as a private banker in the US, beginning with clients who needed $1 million in […]

Consistent Compounders

Short read: Europe can’t just air-condition its way out of the heatwave meltdown

Every May-June, as Delhi and Bombay brace for 45 degree afternoons, we get a reminder of how well Indian buildings, habits and infrastructure have learned to live with heat: thick curtains drawn at noon, siestas built into the workday, ACs that have become almost a utility rather than a luxury. So, it has been strange […]

Consistent Compounders

Long read: The Cartaz Remix: The Hormuz Gambit and the Emergent Montreux of the Gulf

Some might blame this week’s breakdown of the ceasefire in the Persian Gulf on Trump’s volatile decision making while some on the Iranian’s lack of trustworthiness. This paper in the Observer Research Foundation, a think tank highlights a specific legal quirk that justifies actions from both sides. More importantly, the paper highlights historical instances of […]

Consistent Compounders

Long read: The University As We Know It Is Finished

We have been writing about the failure of the Indian university education system where graduates are increasingly struggling to find employment compared to their non-graduate counter parts. Turns out, India isn’t unique. Globally, in particular the much-laureled American university system is under threat. And AI is just a catalyst that accelerates its fall. This is […]

Consistent Compounders

Long read: Why Every Third Indian Child Is Still Underweight

As we watch the breathtaking skills on display in the football World Cup in North America, we can’t but help wonder why in its 70-years of Independence, India has never got close to qualifying for this elite tournament. After all, if tiny Cabo Verde, Ebola impacted Democratic Republic of Congo and heavily-sanctioned Iran can qualify […]

Consistent Compounders

Short read: The Dialogue Dividend

In his book , the Foundations of Corporate Success, Sir John Kay had highlighted architecture, referring to a firm’s internal and external networks, as one of its key sources of competitive advantage. Whilst the external network of customers, distributors, suppliers, etc are well understood, the internal networks involving the informal relationships between its employees which […]

Consistent Compounders

Short read: India’s new class war is on display in airport lounges

A lifetime of dragging our bags around India’s airports has made us professional experts on using airline lounges. In the last couple of years however we have noticed that the lounges in India’s airports are among the busiest in the world with a long queue to enter the lounge being par for the course. Often […]

Consistent Compounders

Short read: Australia Banned Social Media For Under 16s. Did it Work or Fail?

“When Australia banned under 16-year-olds from using social media in December 2025, it became a test case for a policy now being pursued by governments around the world.” This piece examines the impact of the social media on Australian youngsters with inputs from “Susan Sawyer, a professor of adolescent mental health at the University of […]

Consistent Compounders

Long read: Why Token Optimization Is a Gift to the Hyperscalers

Rihard Jarc is a former CEO and founder of an AI startup and now a tech investor. In this two part essay, he talks about the recent development where many enterprises have blown up their AI budgets (often referred to as token maxxing) without much to show in terms of benefit and what that means […]

Consistent Compounders

Long read: The Beijing Pivot

Whilst America surely needs to sort out its balance between capital and labour, there is another balance it needs to rework – its dominance in high tech with reindustrialisation. And China is not helping with the latter. Trump’s recent visit to China with an entourage of top American business leaders gave a sense of the […]

For more content on our strategy, visit the archives GO TO ARCHIVES