Consistent Compounders

Diamonds in the Dust

When we look back on 2021, most of us look back with a feeling of gloom. The devastating second wave of Covid-19 was a physical as well as an emotional drain on the country. However, in spite of this, there were many positives to celebrate – what senior journalist and author TN Ninan calls, “Diamonds […]

Jan 09 . 3 MIN READ
Consistent Compounders

Are video games really addictive?

Many of us parents with teenage children often worry about how much time is ok for our kids to be on video games. The Chinese government recently issued a diktat “restricting the under-18s to an hour of gaming a day, on only three nights a week”. But even if we were to take a liberal […]

Jan 09 . 4 MIN READ
Consistent Compounders

The end of the pandemic will not be televised

Just when we thought we had put the pandemic behind and begun to get on with our lives, Omicron has put the question back on everybody’s mind as to when will all this finally end? This research paper in the BMJ attempts to throw some light by studying past pandemics and juxtaposing the current context […]

Jan 09 . 4 MIN READ
Consistent Compounders

First Principles: The Building blocks of True Knowledge

Many of us struggle to learn new things after a certain age or deal with complex systems outside of our core domain. Often the reason for that is we tend to box ourselves with information that has been handed out to us without questioning the fundamental basis. On the other hand, most successful innovators or […]

Jan 09 . 5 MIN READ
Consistent Compounders

Why do we buy into the ‘cult’ of overwork?

Those of us in Marcellus who spent our twenties and thirties burning the midnight oil realised in the middle our careers that overwork can destroy your health, your family life and pretty much everything else that makes life worth living. Now we keep hearing that Covid has actually made things worse on this front: “New […]

Jan 09 . 4 MIN READ
Consistent Compounders

China’s troll king: how a tabloid editor became the voice of Chinese nationalism

Chest thumping nationalism has become popular in many countries over the past decade. Whilst such nationalism becomes headline news when it shows up in democracies, even in one-party states like China, such nationalism has had a critical role to play over the past decade. Why? Because of the rise of social media and the space […]

Jan 09 . 5 MIN READ
Consistent Compounders

The Benefits of Timing are Inversely Correlated with the Quality of Fundamentals

The rate at which fundamentals of a company compound (and hence its share price) over the long term is inversely correlated with the quantum of benefit that an investor can achieve by perfectly timing her purchases at the bottom of the share price trajectory. Moreover, for a portfolio consisting of high-quality companies, benefits from a […]

Jan 03 . 8 MIN READ
Consistent Compounders

Is a greener, faster and more decentralised alternative to Bitcoin possible?

This piece is a counter of sorts to this week’s Long Read 3 about how tech is taking over geopolitics, at the core of whose argument lies smart contracts (self-executing rules, not enforced by an intermediary or an authority) that run on blockchains (decentralised or distributed databases). The most popular application of this concept so […]

Jan 02 . 3 MIN READ
Consistent Compounders

Why Peter Thiel Searches for Reality-Bending ‘Secrets’

We have featured pieces of and by Peter Thiel (‘Zero to One’ being one of the key reasons to start Marcellus) in 3L&3S. This piece of prose by David Perell (who runs an online writing course), focuses on one key aspect of why Peter Thiel is such an inspirational thinker – the need to question […]

Jan 02 . 3 MIN READ
Consistent Compounders

Buggy, Messy & all that

Over the past year or so, we have enjoyed reading several pieces by investor Anand Sridharan. In this piece, Anand looks back at his writing journey and throws more light on the rather interesting title of his blog – ‘Buggy Humans in a Messy World’. In essence, it highlights the importance of humility in what […]

Jan 02 . 3 MIN READ
Consistent Compounders

Great Protocol Politics – Bitcoin, Ethereum and Web3 Are Already Reshaping the World

The digitalisation of the world, accelerated by the pandemic has meant that Silicon Valley is not only home to the world’s largest companies or its richest tycoons, it is extending its influence into more and more spheres of life. Fintechs disrupting Wall Street is already evident in many aspects of finance. But with the emergence […]

Jan 02 . 4 MIN READ
Consistent Compounders

Chesterton’s Fence: A Lesson in Second Order Thinking

Many of us were told by our teachers and our parents through our early teens to master chess because it forces you to think three, four, five steps ahead. Most of us, if we were reasonably conscientious, learnt to think two steps ahead – now our brains turn into middle-aged mush if we try to […]

Jan 02 . 4 MIN READ

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