Marcellus Insights

Consistent Compounders

Short read: The Roger Bannister Effect: The Myth of the Psychological Breakthrough

We finally had the 2hour marathon barrier broken earlier this April, not once but twice in the same race. Kenya’s Sebastian Sawe and Ethiopian Yomif Kejelcha both finished the London Marathon in under two hours. The previous record stood for less than three years. But the more famously stubborn barrier in running history has been […]

Consistent Compounders

Short read: Billionaires’ Billions Are Increasing Faster Than Ever

In our Global Compounders Fund, we have been invested into the European luxury goods sector, not just for its fabulous heritage brands but also the fast-growing market they cater to – billionaires. As unfortunate as it might seem, the world is indeed getting more unequal when it comes to wealth and the uber-rich are letting […]

Consistent Compounders

Short read: Bullets, Thars and toppers: Inside Bihar’s crazy coaching wars

Over the past two decades, higher education in India has been turned into a commercial racket focused on squeezing ever larger sums money out of desperate job seekers on the premise that if they spend big amounts on test prep, they might just land the government job (not just UPSC but also more most modest […]

Consistent Compounders

Long read: Why Japan has such good railways

Among many things that impressed us in China, the high-speed rail stood out – 50,000km of network all built over the last 15 years where train speeds go north of 350kmph routinely. Japan’s historically famous high-speed rail or the Shinkansen network (~3,000km) might now pale in comparison. Leaving aside the scale given the sheer difference […]

Consistent Compounders

Long read: ‘Among Informal Workers, The Less Educated Travel The Farthest’

The article is based on an interview conducted by IndiaSpend with Tamoghna Halder, co-author of the “State of Working India report 2026” (SWI). Halder has a PhD from the University of California, Davis and teaches economics at Azim Premji University. Dr Halder’s view as summarised by us below are based on the remarkable SWI report […]

Consistent Compounders

Long read: Review of Sebastian Mallaby’s book “The Infinity Machine: Demis Hassabis, DeepMind and the Quest for Superintelligence”

Inspite of the current hype around AI, most people we meet seem to misunderstand AI (often viewing LLMs and AI or machine learning and AI interchangeably). Sebastian Mallaby’s book (coming in the wake of his outstanding books on Alan Greenspan and VC investing) not only gives the reader a deep dive into the remarkable mind […]

Consistent Compounders

Short read: Our Achilles Heel

Some of us with kids going to college this year may have experienced this with our kids or their friends in the past few months as decisions from universities started pouring in. Whilst most got what they aspired for; there were disappointments even amongst the best students as they faced rejections from elite universities. Ted […]

Consistent Compounders

Short read: Welfare economist Jean Drèze wins global award for research on poverty and inequality in India

One of the big challenges that India has faced while formulating economic policies over the last several years is that high quality economists simply refuse to live in and work in India. At best, they are willing to fly in and out of the country whilst residing in higher income countries. A notable exception to […]

Consistent Compounders

Short read: The midlife habits that could make or break your brain health long-term

The key to good mental health in the final two or three decades of your life lies in your 40s and 50s. That’s our big learning from this fascinating piece. Ariana Eunjung Cha informs us that “…dementia prevention may hinge on what people do in their mid-30s to their 60s is rapidly reshaping the field. […]

Consistent Compounders

Long read: R&D underspending in India has no one cause. It’s systemic as well as cultural

One of the perplexing aspects of the Indian economy over the past few years has been the lack of investments from the Indian private sector, despite seemingly favourable conditions – access to cheap equity capital with retail SIPs pouring into mutual funds, low corporate leverage, a banking system in reasonable shape to support credit growth, […]

Consistent Compounders

Long read: Boarding China’s Last Bus

Last week, we featured a piece on how China’s success is underpinned by the social reforms and the unleashing of its human potential the hard way. This piece shows another aspect of Chinese human capital that isn’t as much about its competence as it is about its adaptability and resilience, built through its painful period […]

Consistent Compounders

Long read: ‘For 1st Time In 4 Decades, Young Men Are Withdrawing From Education’

Rosa Abraham is an associate professor of economics at Azim Premji University and she is the star economist who has published the pathbreaking and much needed ‘State of Working India 2026’ report. This seminal piece of research traces four decades of data on youth employment and education in India and highlights how grim the current […]

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