Over and over and over again: Jimmy Anderson keeps on running
This long essay on the most successful fast bowler of all time, the one bowler that no Indian batsman (barring perhaps Virat Kohli) has mastered, Jimmy Anderson, is a tribute to many of the skills we have paid homage to in “The Victory Project: Six Steps to Peak Potential”. These skills include deep specialisation, clutter reduction, […]
How to spot naughty lenders in India?
Given the leveraged business model of lenders, investors need to be even more vigilant about accounting quality when investing in banks and NBFCs. We find a clear correlation between accounting quality and share price returns of Financial Services companies. In specific, companies with only the highest accounting quality have managed to generate positive returns over […]
BloombergQuint | Talking Point With Saurabh Mukherjea
Know Your 4C Fund Manager – Motilal Oswal Private Wealth Management
Declining COVID-19 Case Fatality Rates across all ages: analysis of German data
Amidst the alarmist reports about continued rise in Covid cases in India, here’s a positive set of research findings. Analysis of German data shows that death rates (Case Fatality Rate or CFR) from Covid have been consistently declining. One of the explanations for that had been that as testing became more widespread, more and more milder […]
5 Lessons on Coping and Thriving from Around the World
The philosopher, Eric Weiner, is the author of three bestselling books on philosophy – “The Socrates Express: In Search of Life Lessons from Dead Philosophers”, “The Geography of Genius: Lessons from the World’s Most Creative Places” and “The Geography of Bliss: One Grump’s Search for the Happiest Places in the World”. In this entertaining essay, […]
R.I.P David Graeber – Prophet of Wall Street
David Graeber, the scholar, anarchist and intellectual leader of Occupy Wall Street passed away on 2nd September. One of the most original and influential thinkers on Economics and Finance over the past 20 years, we join the Indian Express in celebrating this polymath: “David Graeber, the anarchist who powered the Occupy movement with intellectual rocket fuel, has […]
SoftBank, Robinhood and a Margins Singularity
Last week we featured two pieces on short term price movements – first, Aswath Damodaran on the meaningless rally in Tesla and Apple on news of stock splits and second, Softbank’s big derivatives bets in tech. As Nasdaq continues to tumble this week as well, there is more clarity emerging on the role of derivatives in pushing up the […]
Tech = unoriginal, lazy, consensus, etc
The next long read later in this edition discusses the Softbank effect on the tech stock rally this year and how it could unravel. This blog whilst not defending the rally, is an attempt to address common misperceptions underlying the criticism of owning the popular big technology companies – consensus trade, popular stocks, too expensive, too […]
Why do you feel lonely? Neuroscience is starting to find answers
With research over the years increasingly pointing to social relationships as a key source of happiness and well-being, Covid driven social isolation has raised concerns about rising mental health issues. Indeed, Ben Carlson wrote about how whilst stock markets are soaring, there is a bear market in happiness. Why, the suicide of a Bollywood star suffering from […]
Spotlighting GMM Pfaudler
As expected, 1QFY21 was a tough quarter for the earnings of most Little Champs portfolio companies. However, management commentaries pointed towards several positives on demand recovery, cost reduction measures and market share gains – all pointing to a healthy recovery in earnings over the coming quarters. This month, we place the spotlight on GMM Pfaudler, […]
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