As India’s economy enters the second year of a cyclical downturn, the Exchequer is having a hard time keeping up with the Government’s revenue collection targets. The result is plenty of acrimonious disputes between the taxman and corporates. Chris Kay’s article captures the litigious environment: “Indian tax authorities have levied a series of huge tax […]
The subject of the article might implicitly suggest that the days of the US being a science superpower are numbered given the emergence of China as a credible contender. Whilst that might be premature and debatable, the historical context of the US getting to this position is worth understanding. The author, Steve Blank’s timing of […]
Every now and then, we are reminded of Warren Buffett’s statement about how when Howard Marks’ memo lands, you stop everything else and read it. This one which came on 9th April shows why Buffett said what he said. It is a good follow up to the Dunning-Kruger piece we featured earlier this month. Whilst all of us […]
For decades now Delhi has enjoyed a bad reputation in terms of what it offers working women. In recent years however things have begun to change. This lovely story in The Print by Udit Hinduja (a graduate from the first batch trained at The Print School of Journalism) captures changes in Delhi that we can […]
Paul Graham is at his inquisitive best asking this question – what should one do, as in generally in life: “One should help people, and take care of the world. Those two are obvious. But is there anything else? When I ask that, the answer that pops up is Make good new things.” Why? “The most impressive […]
The title might sound trivial but as Joe Wiggins, who writes about behavioural aspects of investing, writes in this blog, most of us don’t understand what we mean by risk. As he puts it, jumping from a tall sky-scraper with no parachute is not risky – as the outcome is certain, in this case death. […]
Believe it or not, there are stranger things happening in America than Trump’s trade policies. For example, did you know that the USA has massive mounds built a mysterious civilisation over 2000 years ago? Brandon Withrow writes for the BBC: “Autumn leaves crackled under our shoes as dozens of eager tourists and I followed a […]
The American writer F. Scott Fitzgerald famously wrote: “The test of a first-rate intelligence is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.” Psychologists call it cognitive flexibility or dialectical thinking, a rare ability to navigate complex situations. Ben Hunt who writes this […]
One of the many privileges of working at Marcellus is that we get to travel around India and meet the people who are changing the country for the better. On one such trip to Patna in 2022 met a police officer – IPS Raveendran Sankaran. We stayed in touch with him, learnt several things about […]
India is an unusual developing economy for several reasons one of which is that unlike most other such economies, for many decades now India has been blessed with enormously capable minds when it comes to economic policymaking. For those who have had the privilege of having seen brilliant minds like Amiya Kumar Dasgupta or IG […]
Over the last 3M/6M/1Yr/2Yrs KCP has been able to consistently outperform both Nifty and Bank Nifty. Whilst our investment approach remains long term, we believe it is prudent to analyze the drivers of this outperformance. As we look back at the performance of KCP, note that the period from ‘Nov’21-Mar-23’ was a major drag on portfolio […]
Note: For all strategies except GCP, Performance data shown is net of fixed fees and expenses charged till March 31st, 2025 and is net of annual performance fees (Except for Little Champs Portfolio) charged for client accounts whose account anniversary/performance calculation date falls upto the last date of this performance period. Since, for Little Champs Portfolio, performances […]
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