Pakistan was on boil following Imran Khan’s arrest but Indian bridge team treated like royalty in Lahore
Patriotism, as opposed to hyper-nationalism, is both a sign intelligence and of a civilised mind as evidenced by the behaviour of India & Pakistan’s top bridge players in the Bridge Federation of Asia and Middle East Championships. “India swept the event by winning all four gold medals on offer” says that PTI but the highlight of the […]
The Seven Virtues of Great Investors
Jason Zweig is an award-winning financial journalist who writes ‘The Intelligent Investor’ column in the WSJ. He is most famous for editing the revised version of Benjamin Graham’s book ‘The Intelligent Investor’. He has covered several investment practitioners and written about the traits that makes them successful investors. In this piece, he has compiled seven […]
How Ali Bacher’s life offers us a ringside view of South African cricket’s complicated history
For some of us who got introduced to the sporting greatness of South Africa only in the early nineties when it came out of apartheid, more than any player, it was Ali Bacher who became the first and most familiar face of South African cricket. This article triggered by a recent exhibition ‘The Life of […]
India’s Quest to Build the World’s Largest Solar Farms
It’s that time of the year when large swathes of the country are experiencing heat waves driving up power consumption causing power shortages in some places due to lack of coal availability at power plants. Not least because of its environmentally damaging characteristics, this is yet another reason why India must move beyond coal based […]
The War on Poverty Is Over. Rich People Won
The more we get to see & understand America during our business trips, the more we realise that America and India are two democracies which were separated at birth. To that end, people in India who rail & the rant at the Indian state would do well to understand the imperfect rise of America on […]
Royal pain
In a world increasingly characterised by toxic hypernationalism, the way the British greeted the coronation of King Charles was refreshingly life affirming. Imogen West-Knights walked through the streets and parks of central London whilst the coronation was taking place and has written an entertaining account of the same. Here are some of the really funny […]
Washington isn’t listening to business on China any more
Inspite of the growing antagonism between America and China, many global investors stay heavily invested in China in the hope that the US Government will at some stage move towards a rapprochement with China just because American businesses have invested trillions of dollars in China. Speaking to our friends in New Delhi it seems that […]
Warren Buffett’s Formula for Success: One Good Decision Every Five Years
The title might seem like a clickbait, but it isn’t far from the truth in some sense. Ahead of the shareholder meeting, Warren Buffett published Berkshire’s annual shareholder letter. This piece looks at one key takeaway from that letter – how Buffett’s stupendous returns over 58yrs at Berkshire are almost entirely driven by just a […]
Investing’s Big Blindspot
Last weekend was Berkshire Hathaway’s annual shareholder meeting in Omaha, which is now turned into a Tomorrowland of sorts for investing geeks from all over the world who turn up in thousands to listen to the two grand old men of investing Warren Buffett and Charlie Munger, the company’s Chairman and Vice-Chairman respectively. So, this […]
Notes from Outlive: The Science and Art of Longevity by Peter Attia
Our understanding of our body and hence our ability to live a healthy and long life continues to evolve. This article is a review of a new book Outlive: The Science and Art of Longevity by Peter Attia. “It talks at length about the root causes of the “four horsemen”, the major killer diseases: cardiovascular disease, […]
How ‘conman’ Sherpuria went from waiter in Gujarat to fixer for top civil servants including CBI officers
As the polarisation of wealth in India ramps up, so do the incentives to become a fraudster. Whilst most people we know have been at the receiving end of phone calls from the ‘boiler rooms’ in Jamtara or Indore, it is the fraud that is being perpetrated on the elite that is even more interesting. […]
Wealth Compounding = High ROCEs + Reinvestment of Profits
Starting this month, we are rolling out a joint newsletter across our four domestic PMS Products. In this edition, we revisit the basic principles underlying Marcellus’ investment philosophy i.e. a firm’s ability to generate Free Cashflows (FCF) and grow them at a healthy rate sustainably over the long term. We take a look at: a) […]
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