The insider: how Michael Lewis got a backstage pass for the fall of Sam Bankman-Fried
For the past three decades, Michael Lewis has been amongst the best non-fiction writers in the world. For the past few years, Samanth Subramanian has been amongst the best young journalists in the world. So, when Samanth Subramanian writes about Michael Lewis, you know that you are bound to get great copy. This long piece […]
Why Fundamentals and Valuations Matter
MeritorQ’s strategy of picking high-quality undervalued companies delivers better risk adjusted returns by taking advantage of mispricing associated with erroneous investor expectation. Such a strategy also delivers positive excess returns (i.e., returns in excess of the benchmark, in this case the BSE 500) around earnings dates further reaffirming the mispricing hypothesis. In fact, a significant […]
Hit the snooze button: it’s good for you
Contrary to what you might have heard about the merits of waking up at 5am, Ms Berwick of the FT says that as per the results arising from new scientific studies, you should take it easy in the morning: “….a new study suggests there are real health benefits to be gained from sleeping in until 7am […]
Why have big bank CEOs gone silent?
Dinesh Unnikrishnan’s brief article is interesting because what is left unsaid in this article is even more interest than the specific contents of this article. Mr Unnikrishnan notes that India’s private sector bank CEOs have chosen discretion over valour when it comes to opening their mouths in the public. Why so? ““It’s better to keep […]
China Is Flooding the World With Cars
The Chinese economic unravelling is creating other problems for the rest of the world. Falling domestic demand is forcing Chinese industries with unused capacity to turn to exports at scale. Automobiles is one such industry, especially gasoline powered cars. “Overall exports of Chinese goods, everything from furniture to consumer electronics, slumped 5.5 percent in the […]
The plastic-eating bacteria that could change the world
A few years ago, an image of a vast mass of plastic floating in the Pacific ocean went viral alarming us about the gravity of the plastic waste problem we humans were creating: To get the enormity of the situation, in the last 20yrs, “we have generated 2.5bn tonnes of plastic waste and each year we […]
Boredom: An Investor’s Last Remaining Edge?
In a world addicted to social media, our need to stimulate ourselves frequently has reduced our attention spans. It turns out, as per this piece that we are naturally wired to seek stimulus than sit still. The article talks about this inherent human need for activity in the context of investing and how it can […]
Ashwagandha is the new gold rush for Indian farmers. King of Ayurveda is on global wishlist
Amongst HNWs of Indian descent across the world, there is growing curiosity about Ashwagandha. Recently, we found ourselves sitting the in palace of Indian billionaire in Dubai discussing whether he should step up his investments related to this root crop which is the new King of Ayurveda. Ashwgandha is India’s version of ginseng and is […]
High ROCE of CCP companies attracts new competitors regularly
In any vibrant, free market economy, firms that enjoy high RoCE will attract continuous waves of competition. Amidst high competitive intensity, while most firms will fall by the wayside, the Consistent Compounders are able to maintain their dominance due to their strong moats – built through prudent capital allocation and strategic decision making. Marcellus’ research […]
Aussies have gone soft, Pakistan are friendly, who does India hate on at this World Cup?
Despite the fiasco around ticket sales, the cricket world cup fever has set in with the Asia cup and the Australia series in the run up. However, both the series lacked intensity despite involving historic rivalries for hosts India with Pakistan and Australia. This piece by Sandeep Dwivedi in the Indian Express explores why these […]
Bosses won’t like it but WFH is a happier way to work
The pandemic induced ‘Work from Home’ has gone through a full cycle with businesses initially forced to embrace it, then finding cost and productivity benefits to now recalling workers back to office citing productivity issues. Simon Kuper argues why that might not be a great idea:x “…the argument for the efficiency of office work is […]
Working Moms-In-Law Lift Female Employment In India, Study Says
Over the past year, we have been researching the ascendancy of Indian women in terms of educational attainment and professional success. This research in turn has led us to ramp-up investments in companies whose offerings are primarily purchased by women. In this context, we enjoyed reading this piece from Anup Roy which says: “Women in […]
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