Long read: How Xi Jinping plans to overtake America
A couple of weeks ago, we featured a blog about how China is aiming to establish technological supremacy in the world as opposed to economic growth alone. This piece in the Economist builds on it and links it to the Chinese president Xi Jinping’s vision of cultivating ‘new productive forces’ to drive the economy. This marks a […]
Long read: For nearly 50 years, only Black men caddied The Masters. One day, they all but vanished
This story from the fabled Augusta Masters will in all likelihood end up being turned into a movie. Before that happens, you can savour Jack Bantock’s golfing tale of race, friendship, success and then labour market reform. Whilst we have grown up reading about the Augusta Masters golf tournament and occasionally watched it on TV, […]
MeritorQ: Profiting from the Dislocation in Indian Megacaps
Although India’s 20 most profitable listed companies (the ‘Megacaps’) account for around 50% of the profits generated by the BSE 500 companies, these Megacaps account for just 34% of the BSE500’s market cap (down from 41% a decade ago and 45% nearly two decades ago). Indian retail investors’ fascination with small caps seems to be […]
Marcellus Portfolio performance and update on fundamentals
*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) During FY24 (12 months ending 31st March 2024), Marcellus’ CCP Portfolio delivered 24% […]
Short read: Crosswords Reach Down and Across a Century
For those of us who enjoy our crossword puzzles, this is an interesting piece of history from a century ago, when the now ubiquitous puzzle became mainstream. It also helped give birth to a now well-known publishing company – Simon and Schuster. “Early in 1924, two young graduates of Columbia University, Richard Simon and Max […]
Short read: The rise of magnets – from surgery to outer space
Magnets are increasingly ubiquitous in modern life. Not only do they play a crucial role in EVs, they are also used in cochlear implants and in all sorts of surgical instruments (which in turn can be controlled remotely). Rollercoasters would struggle to operate without magnets as would rockets & satellites. We learn from this piece […]
Short read: Silence of the Wolves: How Human Landscapes Alter Howling Behaviour
Whilst the population of tigers is on the rise in India, the Indian wolf is facing all sorts of trouble as explained by this article by Sneha Mahale. Ms Mahale’s article says that India now has fewer than 3,100 wolves as the areas in which they live face encroachment. What’s even more tragic is how […]
Long read: Don’t Blame Indexing for Your Problems
Passive investing or investing in index funds has gained significant share over the past few decades at the expense of active funds (or funds which try and beat the market). Indeed, the rise in passive investing has also stemmed from the fact that increasingly a higher share of active fund managers are struggling to beat […]
Long read: Just how rich are businesses getting in the AI gold rush?
A couple of weeks ago, we featured a piece on what use cases for Generative AI enterprises are adopting since the emergence of ChatGPT. This piece in the Economist looks at which companies are making money by selling AI related hardware, software or services. It begins by helping us understand the four layers in the AI stack: […]
Long read: The new science of death: ‘There’s something happening in the brain that makes no sense’
One of the wonders of being alive in the modern world is that your personal mental model of the world around you is constantly being challenged as new insights & information emerges. This long read in The Guardian tells us that the line between life and death is not as binary as we thought it […]
How Will Tight System Liquidity Impact KCP?
Given consistently strong credit demand and weak deposit growth, we are now staring at a tough funding environment with banking sector credit to deposit ratio at an all-time high of ~80%. This funding environment along with consistent regulatory action will separate the men from the boys in the upcoming quarters leading to divergent growth outcomes […]
Short read: Could weight-loss drugs eat the world
Europe’s most valued company today is a pharmaceutical company – Denmark’s Novo Nordisk, valued at more than half a trillion dollars, having tripled in the last three years. All thanks to its wonder drug for weight loss, Wegovy, sales of which touched $4.5bn in 2023 up 5x over 2022. It’s closest competitor, Zepbound sold $2.9bn […]
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