Consistent Compounders

China’s Economy will not overtake the US until 2060, if ever

As China continues scoring own goals month after month, both, on the political front (with a megalomaniac in charge who is purging anybody opposed to him) and on the Covid front (with the country’s never ending lockdowns), a host of commentators are calling time on the country’s growth story. In this short but hard hitting […]

Nov 06 . 2 MIN READ
Consistent Compounders

India’s first woman cricket captain writes: I know the difference pay parity can make

27th October 2022 was the most important day in India’s long & distinguished cricket history not because the Indian men’s team beat the Netherlands that day but because the BCCI announced that henceforth India’s women’s team will get paid the same as the men’s team: “Under this policy, the women – like the men – will earn […]

Nov 06 . 2 MIN READ
Consistent Compounders

The Age of Inflation

A couple of weeks ago, we featured Russell Napier’s take on inflation who has been consistent with his view right from the first pandemic induced stimulus in the west. Napier attributes the current high inflation to the western governments taking over monetary policy through stimulus programmes such as credit guarantee schemes, ofcourse further exacerbated by supply shocks […]

Nov 06 . 5 MIN READ
Consistent Compounders

Why More and More Girls Are Hitting Puberty Early

In the wake of Covid, data is emerging from several countries that girls are hitting puberty earlier (in fact, much earlier) than they used to. Thirty years ago the “…average age of onset of puberty in girls—defined in most medical literature as thelarche, when breast tissue begins to develop—was about eleven years old. Menarche, or first […]

Nov 06 . 4 MIN READ
Consistent Compounders

Think First Principles, then Disrupt & Dominate

Several CCP Portfolio companies have announced business initiatives which seek to change the paradigm of certain industries – such as Titan (Caratlane), Asian Paints (Home Décor and backward integration) and Bajaj Finance (Fintech related initiatives). All of these initiatives are already profitable with a potential to leverage the existing core strengths of these companies to […]

Nov 05 . 10 MIN READ
Consistent Compounders

The Little Champs Are Prepared for Western Turmoil

Globalisation has been an important growth driver for Little Champs. However, several headwinds  (geopolitical issues, rising energy costs and rising interest rates) in some export markets like Europe have  raised concerns around Little Champs with significant global exposure. The fact that historically the impact of crises in the West has had limited impact on Indian […]

Oct 31 . 5 MIN READ
Consistent Compounders

The 3 things that keep people feeling motivated at work

There’s a school of thought that advocates incentives are paramount in motivating people to give their best. This piece in the TED argues otherwise citing research from Richard Ryan and Edward Deci. “Deci and Ryan pioneered what would come to be known as self-determination theory. Self-determination theory essentially argued that people are motivated when they can […]

Oct 30 . 3 MIN READ
Consistent Compounders

An Era Just Ended In China

As the Chinese Communist Party’s National Congress concluded last weekend, the markets opened the week with Chinese stocks down sharply. Commentators around the world view the event in which Xi Jinping established himself as the undisputed authority as a watershed event in global geopolitics. Yuen Yuen Ang, a professor of political science and an award […]

Oct 30 . 3 MIN READ
Consistent Compounders

Business owner, not value investor

When we are asked if we see ourselves as value investors or growth investors, we don’t know what to say. If investing is buying an asset at a price significantly less than its value, isn’t all investing value investing? Conundrums like these have meant that the term value investing has been increasingly misused or even […]

Oct 30 . 3 MIN READ
Consistent Compounders

Rocket ships and tractors

The tech strategist Ben Evans has written an interesting essay which is relevant for investors like us who are obsessed about companies which generate revenues, profits and free cashflows (rather than companies that generate hype & publicity). Ben says that we need to distinguish between digital companies like Facebook (which he says is a ‘rocket’) […]

Oct 30 . 3 MIN READ
Consistent Compounders

Inside the U.S. Effort to Arm Ukraine

If anyone doubts the intensity of Cold War II, they should read this piece in the New Yorker which details just how extensive has been the help and the intelligence that the Americans have provided to the Ukranians as the latter continue their war against Russia. Through spring 2022, the Americans and NATO first gave […]

Oct 30 . 4 MIN READ
Consistent Compounders

My guide to a deglobalising world

As Cold War II clicks through the gears, several authors have published books regarding how the world will change and what businesspeople can do to ensure that they land on their feet. Longstanding FT columnist Rana Faroohar’s book on this subject “Homecoming: The Path to Prosperity in a Post-Global World” has been published to rave […]

Oct 30 . 6 MIN READ

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