Portfolio Performance and Update on Fundamentals – February 2025
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, […]
Short read: Lung cancer risk: Air pollution is injurious to never-smoker’s health
Most Indian cities have experienced deteriorating air quality over the years, especially in the winter months, with several of us complaining of respiratory issues with varying degrees of severity. But it is no longer a case of just discomfort as this new study from the International Agency for Research on Cancer shows – the incidence […]
Short read: How Korean cooks taught chopping to NCR. Nepali chefs are ruling the game
One of the great joys of living, working and travelling around India is seeing how Indian professionals acquire new skills not so much from formal education but from seeing others do things (either in the real world or on social media). Whilst this leaves us questioning the value of much of what passes for higher […]
Long read: Probabilities and Payoffs
Michael Mauboussin has been the among the most erudite of investment strategists who can combine the practicality and psychology of investing yet articulate the same in a lucid way. This is one such paper from him which drills into the essence of investing like no other. Whilst the introduction and conclusion capture the essence in […]
Long read: Contemplating a Deal
Matt Turpin’s Substack is deemed by the cognoscenti to be essential reading on China. In this piece, he says that Trump is contemplating doing a deal with China. He then sketches out what that deal might look like. First Mr Turpin gives us his read as to why Trump is a deal-oriented politician: “Unlike other […]
Long read: The Great AI Shift: The Rise Of ‘Services As Software’ – Analysis
In this insightful long read, Nisha Holla, a Visiting Fellow at the Observer Research Foundation, describes how AI is transforming services that were traditionally provided by human beings into a software product. Ms Holla’s piece then goes on to explore the consequences of this for businesses and for the labour market. She writes: “…with the […]
The Most Indebted People in the World
Over the past decade, not only have Indians borrowed at an increasing rate whilst their incomes have stagnated, but now they are also one of the most indebted people across the world (excluding mortgages), surpassing the US and China. Most worryingly , most of these retail loans are NOT for creating assets but for satisfying […]
Short read: How Should Your Allocation Change With Age?
It’s that stage of the market cycle when we tend to search for answers to questions like “should I pull out of the market to prevent a further erosion in my portfolio? What if it rebounds and I miss out? Should I buy the dip? Should I stop or continue with my SIPs”. Answers to […]
Short read: Not just US, India kicked off its own ‘DOGE’ 8 years ago. Here are govt bodies that faced the axe
Donald Trump’s Department of Government Efficiency (DOGE) led by Elon Musk tasked with driving efficiency in government spending (a subject we have featured here in 3L&3S in the past) thereby reducing budget deficit, seems wasn’t original after all. The more spectacular reduction in the role of the state has been driven by the Argentinian President […]
Short read: Simplifying the complex: AI agents are changing chip design
One of the most complex tasks in modern engineering is chip design. However, a team in Intel’s massive campus in India is simplifying this task: “Gokul Subramaniam, Intel India president…says the semiconductor industry is embracing AI in ways that that few would have anticipated even a short time ago.” Mr Subramaniam says that one can […]
Long read: America is being sold out by its leaders
Last week, a UN resolution condemning Russia as the aggressor found a surprising opposition – the US. Whilst the resolution did go through, US voting in favour of Russia is one of many actions in the past few weeks which shows Donald Trump’s cozying up to Putin, which has shocked even some of his ardent […]
Long read: India’s shift to EV is making China richer. Over $7 bn paid in 5 years
In industry-after-industry where we claim to be making things in India, the reality is that we are importing the key parts from China, knocking them together into a finished product and then claiming to have indigenised manufacturing. This is why India’s trade deficit with China continues to grow year after year. Akansha Mishra’s well-researched article […]
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