The Most Indebted People in the World
Over the past decade, not only have Indians borrowed at an increasing rate whilst their incomes have stagnated, but now they are also one of the most indebted people across the world (excluding mortgages), surpassing the US and China. Most worryingly , most of these retail loans are NOT for creating assets but for satisfying […]
Short read: How Should Your Allocation Change With Age?
It’s that stage of the market cycle when we tend to search for answers to questions like “should I pull out of the market to prevent a further erosion in my portfolio? What if it rebounds and I miss out? Should I buy the dip? Should I stop or continue with my SIPs”. Answers to […]
Short read: Not just US, India kicked off its own ‘DOGE’ 8 years ago. Here are govt bodies that faced the axe
Donald Trump’s Department of Government Efficiency (DOGE) led by Elon Musk tasked with driving efficiency in government spending (a subject we have featured here in 3L&3S in the past) thereby reducing budget deficit, seems wasn’t original after all. The more spectacular reduction in the role of the state has been driven by the Argentinian President […]
Short read: Simplifying the complex: AI agents are changing chip design
One of the most complex tasks in modern engineering is chip design. However, a team in Intel’s massive campus in India is simplifying this task: “Gokul Subramaniam, Intel India president…says the semiconductor industry is embracing AI in ways that that few would have anticipated even a short time ago.” Mr Subramaniam says that one can […]
Long read: America is being sold out by its leaders
Last week, a UN resolution condemning Russia as the aggressor found a surprising opposition – the US. Whilst the resolution did go through, US voting in favour of Russia is one of many actions in the past few weeks which shows Donald Trump’s cozying up to Putin, which has shocked even some of his ardent […]
Long read: India’s shift to EV is making China richer. Over $7 bn paid in 5 years
In industry-after-industry where we claim to be making things in India, the reality is that we are importing the key parts from China, knocking them together into a finished product and then claiming to have indigenised manufacturing. This is why India’s trade deficit with China continues to grow year after year. Akansha Mishra’s well-researched article […]
Long read: A 960° turn in chess: Magnus Carlsen’s freestyle chess takes on FIDE’s rule-bound world
Professional chess faces its IPL moment. The Lalit Modi-type character here is German multimillionaire Jan Henric Buettner and bringing the Dhoni-style charisma to the party is the chess GOAT Magnus Carlsen. Jaideep Unudurti, a chess enthusiast, has written an entertaining article for the ET. He writes about the tussle between the new style of chess […]
Global Compounders: The Diversification “Free Lunch”
Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 20-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash flow/earnings. The US market has a track record of strong, earnings led returns despite modest GDP growth. This places it among the top performing markets globally over a […]
Short read: Study in India shows kids use different math skills at work vs. school
We have been featuring pieces on how our education system as it exists today is failing us with several graduates unemployable in the industry. A new study throws some light on this focused on very basic math skills. What we learn in the classroom and what the real world teaches us seem distinctly apart. This […]
Short read: Writes and Write-Nots
From Buffett’s letters to shareholders to Howard Marks’ memos and several others, there is a pattern of good investors also being good writers. As in most cases, the writing began as a ‘note to self’ of sorts, which is in some sense a practice of clarifying one’s own thinking. Most good writers write for themselves […]
Short read: The Visa Barrier That Restricts South Asians From Travelling The World
Did you know that “the European Union profits around €130 million per year through rejected visa applications, with African and Asian countries bearing the cost of paying for their own rejection. India alone paid €12,150,000 in 2023 in rejected short-term Schengen visa applications – the third highest cost of rejections following Turkey and Algeria…For a […]
Long read: How a tiny village became India’s YouTube capital
The fortunes of India’s world-famous Hindi movie industry Bollywood (once the main source of entertainment for most Indians, atleast outside South India) have been dwindling for quite sometime now. The explosion of Netflix and other OTT content is often blamed for this. But OTT subscriptions are still in tens of millions. The more ubiquitous source […]
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