The Rapid Rise of Female Entrepreneurs in India
Data from the RBI shows that women in India’s urban areas have more money in their accounts than men. Across all levels of the education system, Indian women are outnumbering and outperforming Indian men. Both during our travels and through our number crunching, we can see that urban women are getting wealthier, thanks to […]
Short read: Luke Littler, the ‘fearless’ 16-year-old making darts history – fuelled by omelette
Most of us would know of darts as a fun game played over beers at a pub. But it is indeed a sport with a world championship that just concluded. And it is even more famous thanks to its losing finalist – a 16yr old sensation Luke Littler. Littler has set the darts world on […]
Short read: Contrarian Investing with Michael Mauboussin
It is perhaps that time of the market cycle when we do feel the madness of crowds, at least when it comes to the Indian markets. The positive view on the Indian economy has become increasingly consensus with hardly any attempt to poke holes in the India story. This is even more apparent with flows […]
Short read: The changing face of trade: idea-driven companies come to the fore
Over the past decade, the nature of global trade has changed radically. In this article, the fund managers at Capital Group say that “Digitisation is behind the latest shift in trade patterns, with far-reaching consequences for economies, companies, and individuals. Many investors used to think of multinational companies as powerhouses in commodities or heavy industries, but […]
Long read: Tamil Nadu is the new China+1 for shoes. Crocs, Nike, Adidas foot India’s manufacturing push
China+1 often refers to the rearranging of global supply chains where western companies are looking to reduce their reliance on China (which hurt them when China locked itself up during Covid) and look for alternative sources for procurement since China has emerged as the factory to the world over the past four decades. India amongst […]
Long read: Five studies evaluating the impact on mental health and mood of recalling, reading, and discussing fiction
This is a heavy-duty academic article which was forwarded to us by a friend of Marcellus. It took us a bit of time to figure out the number crunching contained in the article but we persisted because of the nature of the hypothesis being tested i.e. does reading fiction confer any benefit upon the reader? […]
Long read: Electric cars are already upending America
Saahil Desai begins by saying that electric cars have reached tipping point in USA: “…electric cars are already upending America. In 2023, our battery-powered future became so much more real—a boom in sales and new models is finally starting to push us into the post-gas age. Americans are on track to buy a record 1.44 million […]
A Retailer’s Path to Consistent Compounding
Over an extended period of time, it is hard to make money in Retailing. In this newsletter, we discuss a subset of retailing – apparel retailing – and how the principles that underpin the business models of consistent compounders in general are of relevance for success in apparel retailing as well. Two key variables – […]
Short read: Byron Wien’s 20 Life Lessons
On the back of Sam Altman’s ‘What I Wish Someone Had Told me’ list blog going viral, a reader shared this ‘Life Lessons’ list from Byron Wien, the nonagenarian ex-vice chairman of Blackstone’s Private Wealth Solutions group. Wien first created this a decade ago when asked to speak to an audience at a conference on what he […]
Short read: LVMH Prize semi-finalist Kartik Kumra of menswear label Karu Research on the recipe behind his bestselling Kantha fits
Whilst the global luxury brands were able to crack the East Asian markets without really incorporating Asian designs into their collections, they have realised that such a tactic won’t work in a civilisation like India where the local design aesthetic still plays a central role how the elite like to dress. Therefore, as the number […]
Long read: How Putin’s Right-Hand Man Took Out Prigozhin
The dramatic rise and the eventual fall of Yevgeny Prigozhin has been well documented, including a couple of pieces in the 3L&3S. For the uninitiated, Prigozhin, an ex-convict who rose to running a private army (Wagner) including running missions for Vladmir Putin in the ongoing war in Ukraine. On the back of his growing power, […]
Long read: Some UPSC aspirants don’t quit Mukherjee Nagar even after failing. They become the bhaiyas
Many of you would have heard about Kota, the place where IIT aspirants go to spend the best years of their lives swotting for IIT entrance exams. Mukherjee Nagar, a suburb in the northern part of Delhi, is the equivalent of Kota for the UPSC (Union Public Service) exams which determine the identities of the […]
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