Long read: At home and at school, AI is transforming childhood
Since OpenAI’s breakthrough with ChatGPT in late 2022, the possibilities with AI has created a wave of excitement and apprehension alike. Yet, AI is inevitably becoming part of almost all streams of life. Indeed, the area which met with the most apprehension- education seems to have adopted it more than any field. Recent data showed […]
Long read: Is Macaulay a Villain or a Champion of Social Justice?
As a nation we look for reasons to self-flagellate. Over the past generation or so, as India has shown signs of moving forward as a society and an economy, we have decided to beat ourselves up for being “Macaulay-putras” i.e. brown offspring of Macaulay who are actually British at heart. Therefore, it is important to […]
Long read: India’s Labour Codes: The Shift from Protecting Jobs to Formalising Work
Most employers we have spoken to appear puzzled as to why the Government is positioning the recent notification of four Labour Codes as “reform”. After all, as most employers see it, the cost of employing workers goes up (rather than coming down) on the back of the new codes. Vineet Kaul – formerly CHRO for […]
Volatility underscores diversification benefits
Since inception 15 months ago, Marcellus Multi-Asset PMS (MAP-Balanced) has outperformed its benchmark by 2.44% points and Nifty 500 TSR Index by 4.57% points (annualised, net of fees and expenses). At that time, Indian equities had run up significantly and seemed overvalued when macro growth had slowed, the earnings cycle had already peaked and risk […]
What we learnt from investing in Brad Jacobs’ latest venture, QXO?
I hadn’t heard of Brad Jacobs until Marcellus’ Global Compounders team invested in his latest NYSE-listed venture, QXO. I then learnt that Mr Jacobs has created EIGHT multi-billion dollar businesses in run-of-the-mill industries i.e. he’s not your typical tech mogul doing disruptive things. Six of the eight companies Mr Jacobs has created are publicly traded: […]
Short read: China has brought millions out of poverty. The US has not – by choice
Whilst US remains the poster boy of capitalism, its failings have also been evident, where its benefits have accrued to a handful of its populace leaving plenty behind resulting in the push towards socialism in some quarters, most notably in the recent mayoral elections in New York City. In contrast, China with its own brand […]
Short read: The Untold Story of Charlie Munger’s Final Years
This is of interest to those of us who are at that stage of life looking after our ageing retired parents. Retirement is meant to be a happy phase of life where one hangs up their boots having fulfilled life’s responsibilities. Whilst it is absolutely well-deserved but research has shown that it is also important […]
Short read: Bollywood bawarchi no 1. The rise of Dilip, Farah Khan’s cook
Just in case you have been hiding under a rock over the course of 2025 and are unaware of the meteoric rise to stardom of Dilip, Farah Khan’s cook, here is a short primer from Jyoti Yadav of The Print: “Dilip Mukhiya, a 42-year-old migrant from a small Bihar village, became an internet sensation as […]
Long read: When Will We Make God?
Every week, we try and feature diverse perspectives on the AI boom (or bubble). The division is increasingly clear – those calling it a bubble are old school value investors who have seen many a hyped-up mania in history go bust whilst the tech bros driving the boom believe that the tangible prospects of AI […]
Long read: How a Khoja Family Helped Wire the Empire: The Chinoys and the Making of Cosmopolitan Capitalism
Did you know that a century ago India’s first tech unicorn was led by a Khoja Ismaili Muslim family from Mumbai and funded by a multi-religious coalition? Danish Khan, a historian and journalist based in London, tells us in this article the history of the Chinoys, a Khoja Ismaili Muslim business family from Bombay. It […]
Long read: Review of Carl Benedikt Frey’s blockbuster book “How Progress Ends: Technology, Innovation, and the Fate of Nations”
Carl Frey is a superstar professor at Oxford University partly due to his previous book, “The Technology Trap” (2019), which was the ‘FT Book of the Year’. His latest big book, ‘How Progress Ends’, is arguably the most important book published in 2025. The book focuses on the comparative history of economic policy & performance […]
Short read: Four labour codes, one big leap
With the Bihar election behind us, we have two big policy announcements since. One is still just a recommendation by Niti Ayog to end the inspector raj, a general push towards deregulation. But the other is something where deregulation is most required and will likely have the biggest impact – simplifying India’s archaic and complex […]
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