Marcellus: The Nifty is No Longer a Play on the Indian Economy
Published on: 15 Feb, 2019 Over the past decade, the Nifty’s earnings have not only grown at a much slower pace than the Indian economy, they have also trailed the S&P500’s earnings growth by a country mile (although the Indian economy is growing much faster than the American economy). This disturbing phenomenon has far […]
Ikea furniture does not need to fall apart
In his succinct article, John discusses the adverse impact that consumption led growth has put on the environment and how recycling can reduce the burden on the environment. “Each person in the world draws about 10 tonnes of raw materials from metals to biomass annually into the economy to support consumption and production, according to […]
Bridgewater’s Self-Obsession Actually … Works?
Eileen Murray, the co-chief executive officer of Bridgewater Associates, spoke at a hedge fund conference this week, and reiterated that what makes Bridgewater so successful is: “Bridgewater Associates has been so successful, year after year, Murray said, because of its unique and intense culture. Bridgewater’s ethos of “radical transparency” involves videotaping or tape-recording every conversation […]
The Trump era could last 30 years
Gideon Rachman raises the question whether Britain’s vote for Brexit and America’s election of Donald Trump are a temporary aberration or a beginning of a new era. Gideon divides the post-war era into two periods each of which lasted roughly around 30 years– 1) from 1945-75, which was identified with a period of strong economic […]
Why women win in the long run
This remarkable FT article takes us into the world ultra-long distance running where the results show that women don’t just beat men, they leave the men dozens of miles behind. Why exactly this is happening has become the subject of research by scientists. Scientists at the University of British Columbia in Canada have found that […]
The Disturbing, Surprisingly Complex Relationship Between White Identity Politics and Racism
In an interesting new book called “White Identity Politics”, American political scientist Ashley Jardina of Duke University looks at the increasing relevance of white identity in American politics. What she finds is interesting and potentially has relevance for Indian politics if you replace “white” with “caste Hindus”. “Drawing on data from American National Election Studies […]
Marcellus: The Virus Spreads Beyond the Banks
Published on: 8 Feb, 2019 As the same problems which ravaged India’s banking system now spread into its money & bond markets, we highlight the need for investors to strengthen their forensic accounting firepower. With over 60 years of experience of analysing the accounts of India’s leading companies, Marcellus’ research team (now stuffed with CAs […]
Another tech bubble could be about to burst
In his article, Rana Foroohar beautifully captures the downside of massive growth in the number of venture-capital-backed unicorns. She starts the article by highlighting the over-optimism shown by new tech companies which is in sharp contrast to what market expects from the technology sector this year. According to Rana, many big IPO’s are going to […]
Cracks are opening in the global monetary system
Part of the fun of reading the legendary strategist Russell Napier is that we are reminded that we have so much more to learn about the world we live in. In this succinct piece for the FT he explains (once again) what he has been saying for the past ten years – now that the […]
Afroz Shah’s New Year Lesson
Priya Ramani, the Mint columnist whose spunk catalysed the “Me Too” movement in India last year, profiles a very different type of Indian – Afroz Shah. Unlike people like us who sit in air-conditioned offices and fulminate about the challenges facing India, Afroz hits the beaches and riverbanks of Mumbai to deal with messiest of […]
Dharavi Diary – What happens when girls in one of the world’s largest slums start coding and building apps
Part of India’s renaissance is ordinary people making extraordinary efforts to life of the people around them. This, in a sense, is the continuation of the million mutinies that VS Naipaul wrote about in his 1990 book. Here is one more example if India’s million mutinies. “Dharavi Diary, a non-profit organisation run by documentary filmmaker […]
Kotak Lawsuit: Will It Finally Make RBI Accountable?
A pioneer in investigative journalism in India, Sucheta Dalal, has written a thought provoking piece on what is probably the most important court case in RBI’s history – it’s tussle with Uday Kotak on the matter of Mr Kotak’s shareholding in Kotak Bank. If the RBI loses this case it is hard to see how […]
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