Portfolio Performance and Update on Fundamentals August
Consistent Compounders Portfolio (CCP) Marcellus’ Consistent Compounders Portfolio companies reported, on a weighted average basis, 20% YoY growth in profit after tax for both 1QFY24 (over 1QFY23) as well as for FY23 (over FY22). Financials sector companies in CCP (three lenders and 2 insurance companies) reported healthy topline as well as bottomline growth, reflective of […]
Your life should be on an accelerated learning curve
Often compounding is associated with wealth. But compounding applies to knowledge or learning, resulting in what Adam Singer refers to in this blog as the accelerated learning curve which is exponential and not linear. He builds on the premise that real insight often is a result of connecting the dots or what he refers to […]
China’s economic woes, explained
Like the previous short read about China’s development of indigenous semiconductor technology alongside a few other commentators who reckon things aren’t as bad on the ground in China might suggest the China’s economic collapse narrative is exaggerated by western propaganda. Having said that, data reported by Chinese authorities themselves is worrying. Indeed, they even stopped […]
Chips, Silk and Paper: You can’t keep secrets forever
It has become fashionable to argue these dayThis s that America can thwart China’s rise to ‘great power’ status by using an embargo on the export of hi-tech equipment to China. opinion piece in Bloomberg says that such a point of view is not based on fact. Firstly, for many thousands of years, the Chinese have […]
Masters of the Bubbleverse Secretive hedge fund Tiger Global changed the rules on tech investing. Then it all went bad.
Julian Robertson, the legendary investor who ran the hedge fund Tiger Management ended his career as he lost money shorting the dot com mania only to give up just before the bubble burst. However, several of his proteges set up their own hedge funds and came to be known as Tiger cubs. The most famous […]
Is There an Alternative to Air Conditioning?
As many of us who have spent our lives sitting inside offices know, “air conditioners powered by coal, oil or gas energy simultaneously increase emissions of greenhouse gases that heat the planet. Often installed on building facades, air-conditioning units also contribute to warming cities through the release of waste heat.” Gero Rueter, the author of this […]
No other investor has a life story quite as unbelievable as Li Lu
Whilst Li Lu is not as well known as his good friend, Charlie Munger, his investing track record is even better. Several articles on the net say that he has compounded at 30% per annum over 25 years – see https://medium.datadriveninvestor.com/how-super-investor-li-lu-achieved-a-30-annual-return-for-25-years-4029b6697742 The focus of this entertaining long essay by Eleanor Olcott is Mr Lu’s incredibly interesting […]
Urban Indian Women Have More Money Than Men
For a decade or so now, it has been well understood that more women in India are increasingly getting educated (in terms of numbers) and doing it better (in terms of quality) than India’s men. Interestingly, new data shows that urban Indian women typically have more money in the bank than Indian men AND in India’s […]
Meet Ernie, China’s answer to ChatGPT
3L&3S has been featuring several pieces tracking the developments in AI space. This one is interesting as it involves China’s approach to AI. Challenges around censorship and limited access to semiconductors required for heavy duty data processing remain alongside the Chinese government’s ambition to emerge as a technological superpower. The context for the article is […]
Why the Kakrapar atomic power plant is a big deal
India’s response to climate change has been through its aggressive adoption of renewable energy since 2014 – here are some stats from the ministry of renewable energy’s portal: 42% of cumulative installed capacity from non-fossil fuel sources Renewable power generation up 1.5x Solar power installed capacity up 25x Wind power capacity doubled But what is […]
‘Friday is just a dead day’: how a summer perk became a year-round staple
It has been two years since the end of the pandemic ebbed away and yet in many parts of the world – notably, in tech-centric cities like Bangalore, San Francisco and Seattle – most workers are proactively reluctant to come back to office. This piece in the FT says that in most of the Western […]
Instinct Can Beat Analytical Thinking
Nobel prize winning psychologist and behavioral economist Daniel Kahneman and several others have demonstrated our shortcomings when it comes to rational decision making. Here’s another counter intuitive perspective on how instinct and intuition can beat elaborate analytical approaches to decision making. In a dated interview for the HBR, psychologist Gerd Giegerenzer talks about how “using heuristics, […]
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