Renaissance Technologies’ Medallion fund, a hedge fund that deploys systematic trading using mathematical models, is known to have the best investing track record in history. In 2019, Gregory Zuckerman’s book titled “The Man Who Solved the Market” about Jim Simons, the legendary founder of RenTech, said this about the fund’s record: “Since 1988, his flagship Medallion […]
As you might have noticed, we have been writing recently about the stunning new data highlighting the economic ascendancy of Indian women (see, for example, our blog which highlights that urban Indian women have more money than men: Urban Indian Women Have More Money Than Men – Marcellus). These positive changes for women are now increasingly […]
Consistent Compounders Portfolio (CCP) Marcellus’ Consistent Compounders Portfolio companies reported, on a weighted average basis, 20% YoY growth in profit after tax for both 1QFY24 (over 1QFY23) as well as for FY23 (over FY22). Financials sector companies in CCP (three lenders and 2 insurance companies) reported healthy topline as well as bottomline growth, reflective of […]
Often compounding is associated with wealth. But compounding applies to knowledge or learning, resulting in what Adam Singer refers to in this blog as the accelerated learning curve which is exponential and not linear. He builds on the premise that real insight often is a result of connecting the dots or what he refers to […]
Like the previous short read about China’s development of indigenous semiconductor technology alongside a few other commentators who reckon things aren’t as bad on the ground in China might suggest the China’s economic collapse narrative is exaggerated by western propaganda. Having said that, data reported by Chinese authorities themselves is worrying. Indeed, they even stopped […]
It has become fashionable to argue these dayThis s that America can thwart China’s rise to ‘great power’ status by using an embargo on the export of hi-tech equipment to China. opinion piece in Bloomberg says that such a point of view is not based on fact. Firstly, for many thousands of years, the Chinese have […]
Julian Robertson, the legendary investor who ran the hedge fund Tiger Management ended his career as he lost money shorting the dot com mania only to give up just before the bubble burst. However, several of his proteges set up their own hedge funds and came to be known as Tiger cubs. The most famous […]
As many of us who have spent our lives sitting inside offices know, “air conditioners powered by coal, oil or gas energy simultaneously increase emissions of greenhouse gases that heat the planet. Often installed on building facades, air-conditioning units also contribute to warming cities through the release of waste heat.” Gero Rueter, the author of this […]
Whilst Li Lu is not as well known as his good friend, Charlie Munger, his investing track record is even better. Several articles on the net say that he has compounded at 30% per annum over 25 years – see https://medium.datadriveninvestor.com/how-super-investor-li-lu-achieved-a-30-annual-return-for-25-years-4029b6697742 The focus of this entertaining long essay by Eleanor Olcott is Mr Lu’s incredibly interesting […]
For a decade or so now, it has been well understood that more women in India are increasingly getting educated (in terms of numbers) and doing it better (in terms of quality) than India’s men. Interestingly, new data shows that urban Indian women typically have more money in the bank than Indian men AND in India’s […]
3L&3S has been featuring several pieces tracking the developments in AI space. This one is interesting as it involves China’s approach to AI. Challenges around censorship and limited access to semiconductors required for heavy duty data processing remain alongside the Chinese government’s ambition to emerge as a technological superpower. The context for the article is […]
India’s response to climate change has been through its aggressive adoption of renewable energy since 2014 – here are some stats from the ministry of renewable energy’s portal: 42% of cumulative installed capacity from non-fossil fuel sources Renewable power generation up 1.5x Solar power installed capacity up 25x Wind power capacity doubled But what is […]
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