Do Most Family Businesses Really Fail by the Third Generation?
Even in the current age of tech & digital, the dominant form taken by private sector enterprise is the family run business rather than listed businesses. Both in India and in the US such family run businesses account for the vast majority of the nation’s employment: “According to the U.S. Census Bureau, family businesses — companies […]
They save skiers and hikers in the wilderness. Here’s how they think about resilience.
Covid-19 and its aftermath has made even the most resilient of us take mental punches as the lives of our nearest & dearest were turned upside down by the pandemic. In such circumstances it is useful to take inspiration from those who face psychological pressures and physical dangers far more intense that what we encounter […]
Archaic laws criminalise entrepreneurs
We have run Financial Services businesses outside India and now in India, we have the good fortune of managing Marcellus. We find that the contrast between how the law treats entrepreneurs in the developed world and in India remains stark (even after 30 years of liberalisation). As a result, Marcellus has a large and growing […]
Busting Popular Macroeconomic Myths
Fact#1: Economic recoveries tend to be accompanied by elevated rates of inflation, rising interest and RISING stock markets. Fact#2: Furthermore, during periods of higher than usual inflation, high quality stocks tend to strongly OUTPERFORM the broader benchmarks. These two points are supported not just by theory but also by several decades of economic and financial […]
‘There was joy, serenity and absolute security in the music of Lata Mangeshkar’: Sharmila Tagore
As tributes continue to pour in for the late, the great Lata Mangeshkar, Sharmila Tagore reminisces about the songs which made the late singer an iconic figure in Indian cultural life: “In the 1950s and 60s, Lataji was singing a range of wonderful songs….She sang many raga-based songs for Naushad sahab, sentimental hits for Salil Chowdhury, […]
India was part of medieval arms race stretching from Russia, China to Iran. All for horses
Anirudh Kanisetti is part of new generation of scholars who are making Indian history accessible and interesting. He is the author of ‘Lords of the Deccan, a new history of medieval South India’, and hosts the ‘Echoes of India’ and Yuddha podcasts. In this piece he brings to our notice that as early as 700 […]
Rural women speaking their mind on camera: This is a compelling story that needs a wider audience
The Indian Express stands head and shoulders above any other mainstream English newspaper in India. The newspaper’s editors wrote an evocative piece last week on the remaking of India: “A film about the grassroots news organisation Khabar Lahariya has become the first from India to be nominated for an Academy Award in the Best Documentary Feature […]
Slow sex, long life
This is a rich, layered piece from Aeon which we would strongly recommend that you read in full. The author “Denis Noble is emeritus professor of cardiovascular physiology at the University of Oxford. He was the first to develop computer models of the heart, published in Nature in 1960, and is one of the founders of […]
The death of the department store
Whilst this long read from The Guardian focuses on the closure of the John Lewis’ sixty-year old department store in the city of Sheffield, England, in June 2021, the article frames this store closure more broadly to highlight what is happening to city centre department stores the world over. Given that John Lewis is not […]
Chuck Akre – The Three-Legged Stool
In his now legendary podcast series, Patrick interviews Chuck Akre, “a now widely famous investor who founded Akre Capital Management in 1989, which now manages approximately $10B dollars.” The interview is structured around Chuck’s mental model of a 3-legged stool which happens to be very similar to Marcellus’ 3-fold criteria for investing i.e. clean management, good capital […]
Kings of Capital NBFCs Are Growing Rapidly
While the ILFS crisis highlighted the risks associated with India’s shadow lenders, there are a few NBFCs which have not only been able to effectively compete against banks but have also been able to generate superior ROE and earnings growth. The three NBFCs in the Kings of Capital portfolio – Bajaj Finance, Aavas Financiers and […]
Malayalam superhero film ‘Minnal Murali’ become a global sensation
In case you are amongst the few people who haven’t yet watched the superhit Malayali movie, “Minnal Murali” you should sit down in front of this Netflix Global top 10 movie this very minute. As Priyanka Roy writes “Even more than a month after its release, the Minnal Murali wave continues to hold audiences in […]
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