Marcellus Insights

Consistent Compounders

Long read: Lady bouncers of Delhi NCR and their fight for dal, roti, respect

Did you know that Delhi has 2,500 lady bouncers? And did you know that the first female bouncer in India is Mehrunissa Shaukat Ali (who works at the Social in Saket, an upscale locality in south Delhi) hailing from Saharanpur in Western UP? These and other interesting factoids are studded within Saman Husain’s fascinating article […]

Consistent Compounders

Long read: The antibiotic trap

Assa Doronis is professor of anthropology and South Asia at the Australian National University in Canberra. Alex Broomis is academic director for Social, Behavioural and Economic Sciences at the Australian Research Council. Doronis & Broomis have authored a book titled ‘A World of Resistance: India and the Global Antibiotic Crisis’ (2026). This long essay in Aeon […]

Consistent Compounders

Who Will Win the LLM Wars and How Can Investors Benefit from the same?

Tempting as it is to declare a winner in the LLM wars every week or month (depending on the latest capability demonstrated by Claude or Gemini or ChatGPT), such predictions are a waste of time because of just how fluid the AI landscape is. All we know for sure is that AI is an important […]

Consistent Compounders

Diversification in a Concentrated Portfolio of Compounders

In an uncertain macroeconomic environment shaped by AI disruption and shifting global geopolitics, the Consistent Compounders Portfolio (CCP) strategy has evolved significantly. While maintaining a concentrated portfolio focused on good-quality businesses, we have diversified our top holdings across uncorrelated sectors such as healthcare, auto components, and export-led manufacturing. This deliberate shift away from our historical […]

Consistent Compounders

Short read: Crystal ball: Musk’s forecast of nobody needing to work looks flaky but Keynes’ life of leisure doesn’t

AI bros believe its rapid progress will create a world where everything is in abundance. Elon Musk has gone to the extent of proclaiming that abundance will be such that no one will need to work, at least not for money. Indeed, money as a concept will likely lose relevance. “Musk believes that robots and […]

Consistent Compounders

Short read: China has been preparing for a global energy crisis for years. It is paying off now

Whilst the world at large has been somewhat relieved by the ceasefire, it has indeed been a huge source of relief in particular for those countries dependent on energy imports from the Gulf, primarily Asian majors such as Japan, Korea and India. Whilst China is an even bigger energy consumer and also dependent on imports, […]

Consistent Compounders

Short read: Fossils from China show complex life evolved millions of years earlier than once thought

If you are feeling that the tanking stockmarket and the economic sluggishness is wearing you down, reading the article might help you put your (and our) challenges in perspective because the timelines which matter to the planet are not a few thousand years or even a few million years; they are more than several million […]

Consistent Compounders

Long read: The Financialisaton of The Beautiful Game

Last week, we featured a piece on how capital markets are ‘enshittifying’ most aspects of life i.e, commercial interests undermining the quality of the ultimate experience of goods and services. This piece zooms in on how this is playing out in the world of sport in general, and football in particular, a sport that we call ‘The […]

Consistent Compounders

Long read: From Ferment to Dominant Design: Reading the AI Model Wars Through History

In this brilliant blog (which we would suggest you read in full because of how important this could be for your business), Prof Lakhani tells us that those of us who are trying to figure who will win the LLM race by comparing what various AI models can do are likely to get it wrong. […]

Consistent Compounders

Long read: Prisoner number 804: the plot to erase Imran Khan

Those of us who grew up in the 1980s, hated Imran Khan for his swagger, his talent, his charisma, his…the list is endless but all of this was because Imran all but ensured that from 1980-95, Pakistan ritually thrashed India in what felt like every cricket match. All of this meant however that we admired […]

Consistent Compounders

Every Country Now Wants to be Atmanirbhar. How Can you Participate in this trend?

Industrial policy refers to government officials channelling resources to particular industries that the market would not. What India’s leaders understood many decades ago was acknowledged a fortnight ago by the World Bank – that every country should now have an industrial policy. Companies in our Global Compounders Portfolio are well positioned to potentially benefit from […]

Consistent Compounders

Economic Warfare is Now a Daily Reality. Is Your Portfolio Ready for It?

Over the past 20 years, America has led the world in using economic chokepoints to hurt its rivals. First China (using rare earths) and now Iran (using Hormuz) are returning the compliment. It is all but inevitable that every significant economy will now use economic warfare to attain its goals. To protect your wealth in […]

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