Consistent Compounders

The Mega Opportunity 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 SmallCaps seems to be the […]

Feb 29, 2024 . 6 MIN READ
Consistent Compounders

Spotlighting Rainbow Children’s Medicare

In this month’s Little Champs newsletter, we delve deeper into Rainbow Children’s Medicare (Rainbow), one of the new additions to the portfolio. Rainbow, founded in Hyderabad in 1999 by Dr Ramesh Kancharla, focusses only on pediatric and maternity care. The Company stands head & shoulders above its like-to-like peers on profitability and growth metrics and […]

Feb 27, 2024 . 10 MIN READ
Consistent Compounders

Short read: Despite working so hard, why does free time remain elusive?

Gary Cross is the professor of Modern History at Penn State University. In this piece, he raises an intriguing question in the context of modern American life but the question is equally applicable to middle class Indian life: “Output per worker increased by almost 300% between 1950 and 2018 in the US. The standard American […]

Feb 26, 2024 . 2 MIN READ
Consistent Compounders

Short read: Arwi: The lost language of the Arab-Tamils

India’s history is incredibly interesting and full of surprises. Did you know that there exists a language which is written in Arabic script but the words are from Tamil? This language, Arwi, was spoken in the coastal towns of Tamilnadu and in Sri Lanka: “Arwi dates to the 8th Century CE when travel and trade in […]

Feb 26, 2024 . 3 MIN READ
Consistent Compounders

Short read: MGNREGA Led to Decline in Gender Wage Gap, Increased Compliance with Minimum Wage Norms: ILO

Over the past year we have written several blogs about the rise in the fortunes of Indian women – urban & rural, skilled & unskilled – over the past decade (eg. The Rapid Rise of Female Entrepreneurs in India – Marcellus). Now, the International Labour Organisation (ILO) has found that for rural women, NREGA has been […]

Feb 26, 2024 . 2 MIN READ
Consistent Compounders

Long read: The words of Fali Nariman: Excerpts of his writings

Earlier this week, India lost one of its most eminent jurists, Fali Nariman, aged 95. Obituaries continue to pour in for who was regarded a legend by the legal fraternity. For some of us unaware of his accomplishments in the courtroom and in public life, these obituaries have been an eye opener. But we have […]

Feb 26, 2024 . 3 MIN READ
Consistent Compounders

Long read: First electric cars. Next, electric factories?

With the significant decline in costs of producing solar and wind power, electrification is increasingly being looked at as a better solution than carbon capture and hydrogen to solve the world’s climate change problems. Automobiles are headed the electric way but this article shows why even heavy polluting industries such as chemicals, steel, cement, etc […]

Feb 26, 2024 . 4 MIN READ
Consistent Compounders

Long read: The Practice Of Value Investing

Li Lu is best known as the fund manager who the great Charlie Munger himself trusted with his investments. The 3L&3S featured the incredible backstory to Lu’s life here. This one is a translated speech that Li Lu gave to students at a Chinese business school back in 2019. This speech apparently is a follow up […]

Feb 26, 2024 . 6 MIN READ
Consistent Compounders

Rebalancing and the Value Effect

In this newsletter, we quantify the contribution of rebalancing to overall returns by breaking down the portfolio returns into sub-components. We find that periodic rebalancing drives most of the returns of systematic relative value strategies. Selecting quality, undervalued companies, as we do in MeritorQ’s selection step, is effective only when the portfolio is regularly rebalanced. […]

Feb 21, 2024 . 7 MIN READ
Consistent Compounders

Short read: Killer drones pioneered in Ukraine are the weapons of the future

Of all the risks from AI to humanity debated so far, the use of the technology on the battlefield sounds the scariest. This article talks about how drones used for military purposes have gone mass scale for the first time in history. Whilst drones have been in existence for long, the mass use has been […]

Feb 19, 2024 . 3 MIN READ
Consistent Compounders

Short read: The Story Behind Netflix’s ‘We Are The World’ Documentary The Greatest Night in Pop

If like the older folks in Marcellus, you grew up in the 1980s, chances are that you either sang ‘We are the world’ in a music class (or competition) or in the bathroom. The folks at Netflix have turned the making of this incredible song from 1985 into a documentary titled ‘The Greatest Night in […]

Feb 19, 2024 . 3 MIN READ
Consistent Compounders

Short read: In the strains of dhrupad music, Raja Rammohun Roy found a catalyst for social change

Most of us know of Raja Rammohun Roy, the founder of the Brahmo Samaj, from our high school history books where we learnt of his efforts to rid Hindu society of sati, child marriage and idol worship. However, Malini Nair informs us in this article, that the great reformer was not just a music lover, […]

Feb 19, 2024 . 3 MIN READ

For more content on our strategy, visit the archives GO TO ARCHIVES

2025 © | All rights reserved.

Privacy Policy | Terms and Conditions