Good companies don’t become great by avoiding crises. They become great by how they handle them. We found this as a common trait across all the five companies featured in our new book, “The Art of Enduring”. This is the story of how Tata Elxsi and Divi’s turned their worst moments into turning points. If […]
Earlier this week, the Indian authorities granted Marcellus the license to operate a mutual fund company. We at Marcellus feel privileged to be given the opportunity to help Indian families fulfil their financial and hence life aspirations. With this responsibility, we feel appropriate to invoke the man who has made the most difference to ordinary […]
Several studies have shown the tragic decline of reading (especially for pleasure) across the world and across socioeconomic strata. Unsurprisingly, the advent and growth of social media use is often blamed for what is increasingly referred to as the ‘post literate’ world. However, there is an interesting aspect of ‘literacy’ that is rising that this […]
In a world with increasing wealth inequality, especially with a growing lot with stupendous wealth (even a trillionaire), wealth creation gets a negative connotation in social debates. Yet, there is a class of wealthy outside the mega tech deca/centi billionaires, that are ‘merely’ decamillionaires who have built their fortune in more unassuming ways. Nick Maggiulli […]
Every business in the world today wants to be AI-first. Everyone wants to maximise productivity and get machines to do repeatable tasks. This lovely essay by Aaron Horwath begins with one such firm. Before Lukas Weber writes a word, he checks in with the small army of AI agents he has built: one has combed […]
All of us have watched a scene similar to the one the author of this piece opens with. A restless kid at a wedding, or a couple of hours into a long drive, is handed a phone, and almost immediately goes quiet, eyes locked on the screen. Something bright is happening. A character in green […]
An equity investor learns early to distrust headlines and headline numbers. Revenue growth tells you little until you know how a company is governed, whether its accounts are clean, and how its managers spend the cash they control. It is a discipline we rarely turn on the countries in which those companies operate. In this […]
An investor may be able to reduce their risk without necessarily giving up his return, simply by owning assets that do not rise and fall at the same time. Gold mines, nuclear power and commodities are three such assets: each has compounded in dollars over the past decade, yet each has moved very differently from […]
According to Wikipedia, “The Programme for International Student Assessment (PISA) is a worldwide study by the Organisation for Economic Co-operation and Development (OECD) in member and non-member nations intended to evaluate educational systems by measuring 15-year-old school pupils’ scholastic performance on mathematics, science, and reading. ” The study which began in 2000 and conducted every […]
When we heard from experts that ‘AI will change the world’, no one expected it would mean by them killing all humans! Most industries have their share of critics, but there is something worrying about one whose own builders keep resigning from their jobs because they are frightened of what they are building. But that […]
Although India is one of the poorest forty countries in the world (as measured by per capita income), the demographic trends in its big metros and in the prosperous south are already similar to that developed Western countries. Specifically, the proportion of young people not marrying is rising fast, the age at which educated women […]
We have been fed pictures of massive mounds of garbage in landfills to encourage segregating our trash for recycling. However, this article argues that neither is recycling a necessarily viable solution nor are landfills all that bad. “The case against landfill has two parts. The first part is that there are efficient, cheap, or environmentally […]
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