Indian Men’s Structural Problem Has Implications for Your Portfolio
Two in-depth, independently researched publications – our bestselling book “Breakpoint” and Azim Premji University’s “State of Working India 2026” – make three points which have significant implications for everyone reading this note: a) Jobs for graduates have dried up in India; b) Salaries for graduates have been FALLING for the best part of the past decade in real terms; […]
Short read: Tomorrow Is Today
Summer is a great time for a sports fan as most leagues reach their crescendos. This summer would be a particularly happy one for fans of RCB or Arsenal. Even better if like some of us, you support both. Like RCB which first won the IPL last year after 18 years, Arsenal fans have had […]
Short read: How a Mumbai-based firm created India’s first FDA-approved antibiotic with a molecule that never existed
A fortnight ago, India’s pharma industry enhanced its reputation. From just being seeing as the pill factory of the world which copies drugs discovered in the West, India produced for the first time a new chemical entity (NCE) approved by the US Food & Drug Administration (FDA). The firm that pulled off this breakthrough is […]
Short read: The convenient politics of ‘later additions’ in the Ramayana
In this forceful piece, Devdutt Pattanaik calls out Indian society’s tendency to reframe history to suit modern prejudices and convenience. Mr Pattanaik uses specific episodes from the Ramayana to make his case. “When Sita is banished to the forest while pregnant, on the basis of nothing more than public gossip, modern readers recoil. Many quickly […]
Long read: How to know what you really want
In the past, we have featured the work of French social theorist – Rene Girard, whose work on mimetic desires has driven a whole body of work in sociology, to help us understand why we want what we want. Luke Burgis built on Girard’s work in his bookWanting and writes a lovely newsletter called Anti-Mimetic. […]
Long read: Why China got rich and India didn’t
In our recent trip to China, whilst we were thoroughly impressed with the dynamism of Chinese business and efficiency of the state, we couldn’t fully comprehend where India fell short. This blog from David Oks provides an angle from history around human development and social reform – how the two countries diverged on these aspects. […]
Long read: AI is degrading the value of a university degree
In our latest bestseller, “Breakpoint: The Crisis of the Middle Class & The Future of Work” we provide evidence that an Indian university degree neither increases the pay of an Indian graduate (in fact, it does the opposite) nor the probability of employment. In fact, the unemployment rate for graduates in India is 10x that […]
Marcellus Portfolio Updates & Insights – June 2026
marcellus.in From Our CIO’s Desk What Goes into the Making of a Data Center? Two global headlines have dominated the financial landscape in recent times: Alphabet is executing a record-breaking $85 billion equity raise to fund its AI infrastructure and global compute footprint. SpaceX is setting the stage for the largest IPO ever recorded, […]
Nonstop FII Selling Points to 3 Big Challenges for Your Wealth
Accustomed to seeing current account deficits, India will now have to get used to capital account deficits as well, as Indian promoters rush to invest abroad. This unique twin deficit problem will not only create sustained pressure on the INR, but it will also expose Indian retail investors, who ploughed over $100bn in the post-Covid […]
Are Equities Really the Best Way to Compound Wealth in the Long Run?
A simple equal weighted portfolio of 5 widely available assets (rebalanced annually) gives you returns similar to Indian equities with risk which is nearly 1/4th that of the Nifty50. This allows you to compound your wealth at a healthy rate while allowing you to sleep peacefully at night, both, during heart stopping years like 2008 (when the […]
Short read: Debugging: Google requests permission to release 32m mosquitoes in California and Florida
Silicon Valley gets a lot of flak for monopolising businesses and profit mongering. But they do use their technological prowess to solve some of humanity’s pressing problems. Google stands out among them. Its’ parent Alphabet has invested in several initiatives, most notably its AI subsidiary Deepmind which came up with protein structure prediction which opens […]
Short read: An Overlooked AI Trade…
Praetorian Capital is a hedge fund run by Harris Kupperman, who also writes this wonderful investment blog called Kuppy’s Korner. His blog titled ‘Global crossing reborn’ went viral last year as he likened the current hyperscalers’ mad rush to spending hundreds of billions on AI data centers to the spend on telecom and networking infrastructure […]
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