Long read: Life is Poker, Not Chess
In 2018, Annie Duke, a professional poker player, published her bestselling book “Thinking in Bets”, as a guide to decision making amidst uncertainty from her experiences of playing poker. She and her book became popular among investors and business-people alike, both of whom face the task of making decisions amidst inherent uncertainty about the future. She went […]
Long read: I Thought I Knew Silicon Valley. I Was Wrong
Steven Levy, an American journalist has covered Silicon Valley and the tech industry for almost half a century, in the process authoring books on its icons ranging from Steve Jobs to Mark Zuckerberg. So, he has been around long enough to notice the transformation, politically speaking – how a generally left leaning community, at least […]
Long read: Bland, easy to follow, for fans of everything: what has the Netflix algorithm done to our films?
This is an entertaining and insightful long read about the business of movie making and how Netflix is profoundly changing the way movies are made. In order to help us understand why Netflix is a big deal, Phil Hoad of The Guardian, gives us a bit of context: “Among the streaming companies, Netflix is by […]
Short read: Dickie Bird (1933-2025): Loved, respected, popular and the super star umpire who rarely gave LBWs
The world lost some legends these past few days – the iconic Hollywood actor and filmmaker Robert Redford, the legendary Kannada novelist SL Bhyrappa and the Assamese music icon, Zubeen Garg. But the obituary we choose to feature was a one-of-a-kind superstar, a cricket umpire – Dickie Bird. We thought it is apt, given the […]
Short read: The Golden Age of Value Investing Is Over
The information edge in investing has long been nullified with the emergence of the PCs, Internet and Google. So, it boiled down to the insight an analyst or a fund manager could produce by stitching together information that was now ubiquitously available to all i.e, mosaic theory. This piece argues that even that edge is […]
Short read: What’s behind bond yields’ logic-defying spike? The market’s concern over the future
For the last couple of years, even as India’s equity indices have held up, the bond market has been sending a very different signal – that of rising risk and growing concerns. However, until 6 months ago, India’s benchmark bond yield – the 10 year Government bond yield – seemed to be reasonably insulated from […]
Long read: The Electric Slide
A few weeks ago, we featured a piece by Andreessen-Horowitz on the Electro-Industrial stack about how the convergence of software and the physical world through electro-mechanical technologies like batteries, motors, etc allows for a new tech stack that will define the future. This piece is a more detailed follow up to that, in that it helps us […]
Long read: How Panchayats Falter In Collecting Revenue
Tax collections in India – both direct and indirect – are throttling off at an alarming rate. This is likely to become a major issue as we approach the Union Budget in February 2026. Priya Verma’s article in IndiaSpend is interesting in this broader context because it helps us understand why nearly 80 years after […]
Long read: Fifty Years After History’s Most Brutal Boxing Match
We celebrate the 50th anniversary of one of the greatest sporting events ever witnessed. Almost everyone who saw Muhammad Ali (aka Cassius Marcellus Clay, the inspiration behind our firm) take on Joe Frazier for the World Heavyweight Title on 1st October 1975 in Manilla agrees that that was greatest match they had ever seen. With […]
India’s 5-layered Consumer Stimulus; More Needed
Summary: After a five-year flirtation with boosting public capex, the Government of India is now focusing on the main engine of India’s economic growth: Consumption. The last 6 months have seen the announcement of a 5-layered boost for domestic consumption including the keenly awaited GST cuts. Cumulatively, these stimuli added up to 1.8% of GDP […]
Short read: Going Terminally Offline
The malaise of social media cannot be overstated. As this piece by Nick Magguilli recounts social media’s reaction to the recent assassination of Charlie Kirk, an American political activist. He was specifically referring to the slew of comments cheering the killing: “How anyone could cheer for such a thing is beyond me. That’s when it […]
Short read: What do people actually use ChatGPT for? OpenAI provides some numbers.
Over the past year or so, we and most people we know, all have explored ChatGPT or Perplexity or some such AI tool in our lives – professional and personal, to varying degrees and increasingly so. But what do the 700m users on ChatGPT, the most popular of them all, with 2.5bn daily messages actually […]
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