The rest of the world has much to learn from the Scandinavian way of life. The results are there for everyone to see – “their sky-high living standards, low crime rates, enviable maternity and paternity rights and exceptional aesthetics.” Scandinavian countries consistently rank high on world happiness indicators. Another aspect of the Scandinavian way of life […]
It is said that mathematics is fundamental to understanding any other subject from physics to economics. Even otherwise, it remains a beautiful subject in itself and so are its practitioners – the mathematicians. As the quote from this article says “As a budding mathematician, “I had the impression that these are beautiful people,” he said. “They […]
This is a brilliant case study of how even the greatest of companies can be taken apart in the stock market in the space of a four years. Almost all of us have grown up being fed the Southwest Airlines case study as one of disruptive innovation. Lisa Maclellan’s reprises the familiar story succinctly in […]
Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash flow/earnings. Investing globally, particularly in the US, is often equated with technology companies. While the US is home to iconic tech giants, exceptional value creation has occurred across […]
This month’s correction in the stockmarkets has prodded some of us to believe we need to make some judgement calls about our portfolio – some of us want to sell equities as the first bout of sustained correction is underway coupled with negative newsflow around earnings and economic growth whilst some of us who have […]
Malcolm Gladwell, the author of best sellers such as Tipping Point and Outliers, has come out with his new book – Revenge of the Tipping Point. His books typically have drawn upon research in social sciences and presented implications of the same in simple and intuitive terms with entertaining prose. The Economist reviews the new […]
In the midst of both the hype and the alarmism regarding AI, the portfolio managers at Capital have produced a really interesting piece on how conventional companies are likely to benefit from the rush to implement AI. The first opportunity is in copper: “Generative AI tools like ChatGPT run on large language models hosted on […]
Whilst Artificial Intelligence (AI) has been around for a while, it has become ubiquitous over the past two years since the launch of ChatGPT. It is no longer just the realm of tech companies finding niche applications working in the background. With Meta’s AI embedded into Whatsapp chats, Google’s into Android phones and Microsoft’s into […]
India’s tax collections seem to be undergoing a range of structural changes, changes which could have a far-reaching impact on the Indian economy. TCA Sharad Raghavan’s piece highlights some of the more important changes. First, he highlights “Income tax from individuals now comprises more than 30 percent of the government’s total tax receipts, significantly exceeding […]
On 21st October, Penguin published Marcellus’ latest book, ‘Behold the Leviathan: The Unusual Rise of Modern India’. One of the central pillars of the book is the rise of Indian women. More specifically, we highlight in the book that women from the most oppressed sections of Indian society are climbing the educational ladder faster than […]
A key attribute of a successful investor often talked about is the commitment for continuous learning. Indeed, this could apply to any profession. And the commitment for learning arises from the acknowledgement that we will never know, let alone understand, all that is to be known or understood i.e, a recognition of our ignorance. Here’s […]
Increasingly, computer science, and in particular, Artificial Intelligence are becoming incredibly ubiquitous. To the extent, Nobel prizes in basic sciences such as physics and chemistry are getting awarded to people who have used AI to further their craft. Such as this year’s Nobel prize for chemistry: “…some of the best brains in chemistry do not […]
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