Short read: Indian mural that spent decades on Norwegian hospital wall sells for record $13.8m
One of the most interesting aspects of a country’s art & literature is that when the country is “discovered” by the world as having merit, its art & literature are then seen in new – more positive – light by the global cognoscenti. MF Hussain’s ‘Gram Yatra’ selling for $14mn in New York last week […]
Long read: China is trying to kneecap Indian manufacturing
Liberation day is here. This time Trump wasn’t bluffing. Tariffs on Chinese imports hit 54%, close to the 60% he promised in his campaigns. Expert implications range from near term inflation to long term growth slowdown or potentially prolonged stagflation in the US. This will inevitably drag global growth down. More alarmingly, the rest of […]
Long read: Marko Papic: “Trump Has Popped the Bubble of American Exceptionalism”
This interview was published ahead of the Liberation Day. So, please be mindful this may not be factor in updated thoughts on the same. But nonetheless, Marko Papic, chief strategist at the well-regarded BCA Research, is someone we should listen to. And as he explains in this interview with the Market the end of American […]
Long read: How Kerala got rich
When one goes on holiday to Kerala, long before one reaches the backwaters, the Nilgiris or the beaches of ‘God’s Own Country’ one is stunned by cleanliness of the streets, the quality of the roads and the pleasant demeanour of the people. At that point one is compelled to ask the same question that Tirthankar […]
Short read: ‘If Big George hit you, you stayed hit’
There is little debate about Muhammad Ali being the greatest boxer of all time. But Ali’s legacy goes beyond his deeds in the ring, an aspect that’s been a source of inspiration for our firm to be named such. But this is an obituary about a legend in the ring – George Foreman. And if greatness is […]
Short read: A shambolic leak reveals Team Trump’s contempt for allies
Whilst AI is making science fiction redundant, with the Trump administration’s daily shenanigans, no one’s interested in a political drama series on TV anymore. Reality is far more thrilling. Last week, as the US launched attacks on the Houthi rebels in Yemen, a chat group involving effectively the most powerful people in Trump’s administration, set […]
Short read: Review of Alan Greenspan & Adrian Wooldridge’s book “Capitalism in America”
As we try to make sense of the momentous change taking place in America – where democratic institutions built over decades are being dismantled in the space of a few weeks – we were advised by a friend to read a book published in 2022 titled “Capitalism in America”. We are half way through the […]
The real history of free speech — from supreme ideal to poisonous politics
The debate over free speech has become wider and more intense in 2025, unsurprisingly so. But it isn’t just with the events in the US, closer home here in India, we have had a stand-up comic being defended for free speech after the studio in which he performed was vandalised and more dramatically, Elon Musk’s […]
Long read: 50 years of travel tips
As we book our tickets for our summer holidays with our families and wrestle with their conflicting demands, we enjoyed reading travel expert Kevin Kelly’s thoughtful and super helpful piece on how to have a “happy holiday”. Mr Kelly’s blog is long, well written, nicely structured. Hence, we suggest you read it in full. Here […]
Long read: The Great Indian Passport Scam: Labyrinth of fictional identities, expert forgers & pliant system
The lack of an integrated biometrics system in India is being ruthlessly exploited by forgers, criminals and illegal immigrants. Bismee Taskin has written a super interesting article on how the fact that India’s Aadhar database and the country’s passport database do not talk to each other is hurting the country. Specifically, this is allowing criminals […]
Navigating our Rising Giants through the SMID Meltdown
The BSE500 index companies (especially the bottom 250 market-cap companies in the index) have witnessed significant moderation in their earnings in recent quarters. This together with their elevated valuations (especially for the smaller cap stocks) represents a formidable challenge for most smidcap portfolios in India. In this difficult environment, the Rising Giants portfolio companies’ earnings […]
Navigating the portfolio amidst SMID challenges
The BSE500 index companies (especially the bottom 250 market cap companies in the index) have witnessed significant moderation in their earnings in recent quarters. This together with their elevated valuations (especially for the smaller cap stocks) represents a formidable challenge for most smidcap portfolios in India. In this difficult environment, the Little Champs portfolio companies’ […]
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