The fortunes of India’s world-famous Hindi movie industry Bollywood (once the main source of entertainment for most Indians, atleast outside South India) have been dwindling for quite sometime now. The explosion of Netflix and other OTT content is often blamed for this. But OTT subscriptions are still in tens of millions. The more ubiquitous source […]
Dr Peter Attia is a bestselling writer and his outstanding communication skills mean that laypeople like us can understand complex medical developments without having to strain whatever few grey cells we have. In this blog, he explains how AI can bring down the cost of bringing a new drug to the market (a process which […]
The rise of new elites i.e. people from outside the established upper class is a now well-established feature of modern India. Indeed, this phenomenon is a central theme of our bestselling book “Behold the Leviathan: The Unusual Rise of Modern India” (you can buy it here ). Three decades before us, the late and (controversially) […]
Marcellus’ CCP Portfolio has delivered 17.8% EPS CAGR over FY19-24 (computed using reported earnings of annual rolling portfolio cohorts), which is the primary driver of the portfolio’s 17.4% (pre-fees) portfolio performance over FY19-24 (15.35% net of fees and expenses). The changes made to the portfolio over time have enhanced its earnings profile. Additionally, in early […]
Despite the recent correction in the stock market, we find most stocks still trading at significantly higher valuations than their historical averages. However, this doesn’t apply to one large sector – private sector banks. Whilst one of the reasons could be the resurrection of public sector banks from their high non-performing assets in the decade […]
Whilst the US government and some parts of the tech industry led by OpenAI continue to undermine DeepSeek’s achievements basis claims about how DeepSeek possibly breached OpenAI’s terms of service by training its model based on the latter’s using a technique known as ‘distillation’, there is broader acknowledgement of DeepSeek’s prowess. Chinese tech stocks have […]
William Park’s piece is about a remarkable young black woman named Henrietta Lacks who made an enormous contribution to modern medicine. Mr Park’s writes: “Henrietta Lacks was diagnosed with cervical cancer in 1951 at the age of just 31, shortly after giving birth to her fifth child. At the time, many hospitals in the US […]
Humanity as a species distinguishes itself in its ability to reason. We all would agree that rational thinking should drive all decision making. Few would argue against that. Yet, we find irrationality all around us in society, not just around – we find ourselves making irrational decisions time and again. Perhaps that is what Max […]
State governments account for 60% of India’s government expenditure. And yet “more than half of their revenues are from sources (central taxes, state goods and services tax, central grants and loans) that are outside their control. After the changes in Union-state government financial relations–with the introduction of the GST and the 14th Finance Commission, which […]
Did you know that our planet consumes around 75 billion chickens per year. That’s 15 chickens per year per person. “In the first half of the 20th century, chicken accounted for well under 20 percent of meat consumption in the US. Today, it’s about 45 percent. Over time, chicken benefited from perceptions that it was […]
Note: For all strategies except GCP, Performance data shown is net of fixed fees and expenses charged till December 31st , 2024 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, […]
The reluctance of Indian lenders to finance capex combined with the rise of automation has jammed the ability of the Indian middle class to get jobs & pay hikes. With incomes stagnant and with Income Tax & GST taking away a growing share of the disposable income of the middle class, it has loaded up […]
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