Consistent Compounders

The Great Disconnect

Anand Sridharan works at Nalanda Capital and writes a super interesting blog called Buggy Humans in a Messy World. In his latest blog, he draws upon a well-worn analogy between Test Cricket and long-term investing and then extends the analogy beautifully to highlight the insanity that is perpetrated by many investors. He begins with what […]

May 28 . 2 MIN READ
Consistent Compounders

26 Empire State Buildings Could Fit Into New York’s Empty Office Space. That’s a Sign.

Office occupancy data in American cities suggests that the work from home (WFH) mode necessitated during Covid has persisted into permanence well after Covid has gone (almost). Yet in cities like New York, one cannot but feel that the buzz is back on the streets at least in certain times of the day and week. […]

May 28 . 4 MIN READ
Consistent Compounders

U.S. Universities Are Building A New Semiconductor Workforce

The rising economic and hence strategic importance of semiconductors to nations looking to establish global supremacy has resulted in what’s now popularly referred to as the Chip War (thanks to the brilliant book with the same title by Chris Miller). The Chip War is manifesting in many ways, most prominently in the form of sanctions […]

May 28 . 3 MIN READ
Consistent Compounders

How Facebook and Instagram became marketplaces for child sex trafficking

Did you know that “From January to September 2022, Facebook reported more than 73.3m pieces of content under “child nudity and physical abuse” and “child sexual exploitation” and Instagram reported 6.1m.” As you would expect, tech companies extol the virtues of the tech that they propagate. Most technologies however have a dark side which is revealed only […]

May 28 . 5 MIN READ
Consistent Compounders

Making Money from Luxury Goods Manufacturers

Marcellus’ Global Compounders Portfolio (GCP) invests in 25-30 deeply moated global companies which are listed in developed countries. The nature of the products and services – which cater to global economic megatrends – and the moats developed around process capacity, R&D, and capital allocation, are the key factors that contribute to the consistency of free […]

May 28 . 12 MIN READ
Consistent Compounders

The unstoppable advance of the acronym

Pilita Clark’s columns in the FT are unfailingly entertaining. In this column this begins by explaining that the fondness for using acronyms predates the birth of Christ: “It helps to remember that abbreviations date back to at least the time of Cicero, when ancient Romans shortened Senatus PopulusQue Romanus — the senate and people of Rome […]

May 21 . 2 MIN READ
Consistent Compounders

Pakistan was on boil following Imran Khan’s arrest but Indian bridge team treated like royalty in Lahore

Patriotism, as opposed to hyper-nationalism, is both a sign intelligence and of a civilised mind as evidenced by the behaviour of India & Pakistan’s top bridge players in the Bridge Federation of Asia and Middle East Championships. “India swept the event by winning all four gold medals on offer” says that PTI but the highlight of the […]

May 21 . 2 MIN READ
Consistent Compounders

The Seven Virtues of Great Investors

Jason Zweig is an award-winning financial journalist who writes ‘The Intelligent Investor’ column in the WSJ. He is most famous for editing the revised version of Benjamin Graham’s book ‘The Intelligent Investor’. He has covered several investment practitioners and written about the traits that makes them successful investors. In this piece, he has compiled seven […]

May 21 . 3 MIN READ
Consistent Compounders

How Ali Bacher’s life offers us a ringside view of South African cricket’s complicated history

For some of us who got introduced to the sporting greatness of South Africa only in the early nineties when it came out of apartheid, more than any player, it was Ali Bacher who became the first and most familiar face of South African cricket. This article triggered by a recent exhibition ‘The Life of […]

May 21 . 4 MIN READ
Consistent Compounders

India’s Quest to Build the World’s Largest Solar Farms

It’s that time of the year when large swathes of the country are experiencing heat waves driving up power consumption causing power shortages in some places due to lack of coal availability at power plants. Not least because of its environmentally damaging characteristics, this is yet another reason why India must move beyond coal based […]

May 21 . 4 MIN READ
Consistent Compounders

The War on Poverty Is Over. Rich People Won

The more we get to see & understand America during our business trips, the more we realise that America and India are two democracies which were separated at birth. To that end, people in India who rail & the rant at the Indian state would do well to understand the imperfect rise of America on […]

May 21 . 3 MIN READ
Consistent Compounders

Royal pain

In a world increasingly characterised by toxic hypernationalism, the way the British greeted the coronation of King Charles was refreshingly life affirming. Imogen West-Knights walked through the streets and parks of central London whilst the coronation was taking place and has written an entertaining account of the same. Here are some of the really funny […]

May 14 . 3 MIN READ

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