Short read: Humayun pioneered architecture, art, and astronomy. Now he’s got his own museum
Courtesy our high school history lessons, most of us remember Humayun as the ruler who was trounced by Sher Shah Suri in 1539 in Bihar and then had to flee to Iran. However, a group of Humayun fans believe that Humayan was just as glorious a ruler as his son, Akbar. Turning their thoughts into […]
Long read: $800 -> $85k in 72 Hours: Reflections on Luck and Skill from the Part Time Poker Grind
The title as acknowledged by the author is intentionally clickbaity but the subject of the article is how process and not results are a better signal of skill in activities involving a significant amount of luck such as poker, investing or even business. The author who plays poker as a hobby talks about his recent […]
Long read: The World Is not Willing to Absorb the Overproduction Coming Out of China
The fortunes of the Chinese economy have implications for the rest of the world given its sheer size and share of the global economy. Given recent weakness driven by the collapse of its property sector, the world was hoping for some measures to turn around the economy at the recently concluded Third Plenum of the […]
Long read: How decline of Indian vultures led to 500,000 human deaths
Vultures have a bad rep in Indian mythology eg. a key villain in the ‘Mahabharata’ is called Shakuni Mama. However, as supreme scavengers, they have played a key role in cleaning up our country for free. ““Vultures are considered nature’s sanitation service because of the important role they play in removing dead animals that contain bacteria […]
Short read: Married woman flees with lover after getting PM housing scheme fund, 10 others missing
Over the past year, in our portfolios we have loaded up heavily on the rise of Indian women. This newsflash on India Today is symptomatic of who is wearing the trousers these days in marital relationships in small town India: “India Today News Desk Maharajganj, UPDATED: Jul 10, 2024 17:13 IST…. Around 11 married women […]
Short read: Puja Khedkar did what Indian society readily accepts—see corruption as aspirational
Over the past fortnight, trainee IAS office Puja Khedkar and her parents have made the headlines for the wrong reasons. Water cooler and tea stall chats across the nation about Ms Khedkar’s conduct has brought to the fore an even nastier problem which Amana Begum highlights in this article: “…Puja Khedkar’s case, involving selection through alleged […]
Short read: Don’t be a stranger: The power of renewing old friendships
Plenty of research has shown time and time again that the biggest source of happiness is our social connections (only health is bigger). Yet, most of us end up ignoring some of our most precious relationships as we get caught up in our pursuit of professional success or its exigencies. In this blog, Rob Henderson […]
Long read: Direct and Indirect
It seemed appropriate to follow up Howard Marks’ memo with this newsletter from Josh Tarasoff from Green Lea Lane Capital as it picks up the thread on the inherent unpredictability in investing. Except Josh extends this to beyond investing to business and in fact any complex adaptive system. More importantly, he establishes the multi-variate nature […]
Long read: The Folly of Certainty
Intellectual humility is often regarded as one of the most important traits to succeed in investing. So, when Howard Marks writes a memo on it, we have to feature it for he has been quite vocal on the subject of the inherent uncertainty in investing, markets and the economy. Yet, many of us mistake a […]
Long read: How America tried and failed to stay White
If you are a liberal, you will love this long graphics heavy read from Jeff Bezos owned Washington Post. If you are a conservative, you might not like the piece, but we would recommend that you read it to understand how the journalism of the future will look like – combining graphics, animation and text, […]
Portfolio performance and Update on Fundamentals – June 2024
*For relative performance of particular Investment Approach to other Portfolio Managers within the selected strategy, please refer https://www.apmiindia.org/apmi/WSIAConsolidateReport.htm?action=showReportMenu Under PMS Provider Name please select Marcellus Investment Managers Private Limited and select your Investment Approach Name for viewing the stated disclosure Consistent Compounders Portfolio (CCP) Businesses with strong competitive advantages (and hence high ROCEs), can be categorized into […]
Short read: Frank Duckworth dies: How his DLS method works
Arguably, the game of cricket lends itself to statistical analysis more than any other sport. Hence, it is no surprise that a statistician has had a significant influence on the game as it is played today. We are talking about Frank Duckworth, who passed away last month. Duckworth, a member of the Royal Statistical Society […]
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