Mariana Mazzucato: ‘The McKinseys and the Deloittes have no expertise in the areas that they’re advising in’
Mariana Mazzucato is superstar economist who teaches at the University College in London. She has written several bestsellers such as “The Entrepreneurial State” and “The Value of Everything”. Her latest book “The Big Con” takes aim at the big consultancy firms: “Her new book, The Big Con, written with Rosie Collington, argues that consultancies are […]
Can China Reverse Its Population Decline? Just Ask Sweden.
India became the world’s most populous country last year as China joined much of the rich world facing declining populations. Whilst overpopulation has its own issues in a resource constrained planet, declining populations have had adverse social and economic issues across countries. “…as a country’s population grows more top-heavy, a smaller, younger generation bears the increasing […]
ChatGPT Is a Blurry JPEG of the Web
The rapid rise of ChatGPT, an artificial intelligence tool has been nothing short of spectacular, in more ways than one. First, in terms of the speed of its popularity – ChatGPT had 100m users within two months of its launch. In comparison, TikTok and Instagram took 9 months and 2.5yrs respectively to get to that […]
How English football became the real Super League
Although England does not produce the best footballers in Europe and although the English Premier League (EPL) clubs do not win the Champions League very often, the EPL’s financial dominance of European football is becoming more absolute with each passing year: “During a frantic January transfer window in Europe, English clubs spent €830mn, almost double the […]
Nandan Nilekani and the $10 Trillion Remaking of India
Nandan Nilekani believes that the Digital Public Goods (DPG) used in India today will form the basis for India’s economic development because the three cornerstones of the modern economy are no longer roti, kapda, aur makaan; they are identification, financial inclusion, and mobile + internet connectivity. The creation of the ‘India stack’ – Aadhaar (universal […]
MeritorQ: Forensic Accounting Using Quant Methods Boosts Returns
Over the past 16 years, the average return of market cap weighted BSE 500 index has been 10.3% p.a. on a 3-year rolling basis. But the story changes completely when we differentiate between the index constituents based on their accounting quality. There is a clear deterioration in returns and a rapid increase in risk and […]
What caused the demise of Boeing’s 747 airliner?
Boeing’s 747, also known as the ‘Jumbo jet’, the world’s first wide bodied aircraft will no longer be made after almost 50years since its launch. What led to Boeing ceasing to manufacture the aircraft which was meant to disrupt the airline industry? “Those first jumbos typically carried 366 passengers, compared with around 200 on the […]
The Power of ‘obliquity’
It gives us immense pleasure to share this brilliant piece from R Gopalakrishnan. Partly because the author was featured twice as a guest in Marcellus’ webinars, the second time by popular demand. And also because the article features our guru Sir John Kay, who incidentally happens to be visiting India this week. Mr Gopalakrishnan is a former executive […]
The Premier League is global because it is local
Insightful as ever, the FT’s Janan Ganesh uses the analogy of the English Premier League (EPL) to explain why in a globalised world, affluent people increasingly hanker for “local” experiences (and “local” not just for them but for other people as well i.e. you and I might live in India, but we want to savour […]
The Four Horsemen of the Tech Recession
Technology stocks have begun 2023 with a bang. NASDAQ is up almost 20% and stocks such as Meta (erstwhile Facebook) and Tesla (not necessarily a tech stock) almost doubling from their lows. Whilst despite the bounce, stocks are still significantly below their all time highs, the rally is hard to digest if you are one […]
We’ve always been distracted
This is a long read of great depth by Joe Stadolnikis, an independent researcher, writer, and editor who lives in Chicago. If you read Mr Stadolnikis’ essay carefully, you will get a tour of how over the past 10,000 years, human beings have thought about subjects regarding how we learn to think, how we learn […]
Is There a Persistent Threat of Nuclear Crises Among China, India and Pakistan?
Daniel Markey is Senior Advisor, South Asia Programs at the United States Institute of Peace (USIP). His bio on the USIP website says, “He is also a senior fellow at the Johns Hopkins University’s School of Advanced International Studies (SAIS) Foreign Policy Institute…Dr. Markey is the author of ‘China’s Western Horizon: Beijing and the New Geopolitics […]
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