Consistent Compounders

Long read: How Elon Musk and Taylor Swift Can Resolve U.S.-China Relations

Over the past few weeks, we have featured a few pieces on the sheer strength of Chinese manufacturing and how the world’s lack of relative competitiveness and hence dependence on it will define geo-politics as well. Here’s another piece which endorses that view, except it also focuses on China’s weaknesses which if fixed will likely […]

Dec 30, 2024 . 3 MIN READ
Consistent Compounders

Long read: How Microfinance and Data Capture Pushed Tamil Nadu’s Most Disadvantaged Into Debt Distress

This long article in The Wire is a critique of how regulation impacts the lives of the most vulnerable sections of Indian society. The first stage of this drama unfolds during the first wave of Covid in April-June 2020: “When the COVID-19 pandemic began, microfinance operations came to a complete standstill in India. The state […]

Dec 30, 2024 . 4 MIN READ
Consistent Compounders

Long read: Why Starlink’s India troubles signal the next big battle for space internet

In case you haven’t kept upto the date with the battle between Indian and global galacticos for control of the satellite internet you should read this article to get upto date. Over the next 12 months, this battle between the masters of the universe promises much entertainment, frenzied Indo-American lobbying and phone calls at the […]

Dec 30, 2024 . 4 MIN READ
Consistent Compounders

Short read: Viswanathan Anand is creating an Academy of Grandmasters

2024 will likely go down in history as the year when India began to dominate the world in Chess. Starting with Gukesh’s win in the candidates round to India winning the world team championship and last week Gukesh beating Ding Liren to become the world champion. Whilst we celebrate the players, it is important to […]

Dec 23, 2024 . 4 MIN READ
Consistent Compounders

Short read: The longest-living Vertebrate could offer Clues to Extending the Human Lifespan, Scientists say

Did you know that some sharks live for over 400 years? And did you know that we still don’t know exactly how long sharks live? This article from CNN informs us that: “Due to the marine animal’s slow metabolism, scientists long suspected that the Greenland shark had an unusually lengthy lifespan, but there was no way […]

Dec 23, 2024 . 3 MIN READ
Consistent Compounders

Short read: Whale makes epic migration, astonishing scientists

First, the good news from the BBC: “A humpback whale has made one of the longest and most unusual migrations ever recorded, possibly driven by climate change, scientists say. It was seen in the Pacific Ocean off Colombia in 2017, then popped up several years later near Zanzibar in the Indian Ocean – a distance of […]

Dec 23, 2024 . 2 MIN READ
Consistent Compounders

Long read: The Divine Discontent

There’s been a school of thought which sees the pursuit of perfectionism as a trap that inevitably leads to dissatisfaction and unhappiness. This piece gives a slightly different take on the subject. Indeed, it says attaining ‘fulfilment’ requires us to pursue activities particularly in the creative field, that leave you dissatisfied. It is called divine […]

Dec 23, 2024 . 4 MIN READ
Consistent Compounders

Long read: Russell Napier Interview – “We Are Headed Towards a System of National Capitalism”

As the introduction to this interview says, when Russell Napier speaks, investors across the world listen. We have featured his interviews with The Market since the pandemic here in the 3L&3S and he’s got his two big calls right – the rise in inflation and the capex boom globally. In this interview, he maintains his […]

Dec 23, 2024 . 4 MIN READ
Consistent Compounders

Long read: Journalist or Russian spy? The strange Case of Pablo González

You should read this remarkable piece from Shaun Walker to understand the lengths to which countries go to train spies and fit them into the society of the country where they are going to conduct spying. And you should read this piece to understand how faulty our perceptions are of people we think we know […]

Dec 23, 2024 . 5 MIN READ
Consistent Compounders

Global Compounders Portfolio: Maintaining Discipline amidst Pockets of Excess

Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash flow/earnings. In this newsletter, we present our perspective on valuations in the US market given that we do see signs of excess in S&P 500 valuations. However, these […]

Dec 19, 2024 . 5 MIN READ
Consistent Compounders

Short read: 25 years after the Matrix: Simulation theory more relevant than ever

A few weeks ago, we featured a piece from The Economist marking the 25th anniversary of the cult movie Fight Club and its increasing relevance in today’s world. This piece cites the 25th anniversary of yet another path breaking movie “ The Matrix” and how in the age of Artificial Intelligence and computing power, its simulation theory is more relevant than ever […]

Dec 16, 2024 . 2 MIN READ
Consistent Compounders

Short read: 7 Lessons From 2024 for Investors

Charlie Bilello, an American wealth manager and advisor puts out a very useful weekly blog – The Week in Charts. In this year end piece, he gives us 7 timeless lessons to follow from a personal finance and investing perspective. We share two of them here: First, the futility of predictions basis how woefully wrong all expert investment […]

Dec 16, 2024 . 3 MIN READ

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