Consistent Compounders

Long read: Coaching Centres are a sign of broken-window economics. See how China crushed it all overnight

Three needless deaths in an illegally constructed basement in Old Rajinder Nagar, Delhi, of aspiring civil servants who were studying for their UPSC exams has roused the editor of The Print. In this piece Shekhar Gupta highlights the inherent hypocrisy underlying India’s decades long public policy that schools & colleges should be ‘not for profit’. […]

Aug 12 . 5 MIN READ
Consistent Compounders

Prudent Corporate: The tollbooth for Indian SIPs

Prudent Corporate, India’s third-largest mutual fund distributor, has grown revenues and EPS by 29% and 46% respectively over FY19-24. During this period, Prudent has risen from being the 7th largest distributor to being the 3rd largest in FY24, surpassing giants such as HDFC Bank and ICICI Bank in terms of mutual fund commissions earned. Prudent’s success can […]

Aug 06 . 7 MIN READ
Consistent Compounders

Short read: “It’s a big push for employment-intensive growth”

The policy measures announced in the Union Budget to boost employment comes across as an acknowledgement of the dire need to create jobs and reap the demographic dividend that we have all known as the Indian economy’s biggest strength. In a candid interview with India Today, India’s finance secretary TV Somanathan articulates the problem statement […]

Aug 05 . 3 MIN READ
Consistent Compounders

Short read: The internet is drowning in trendy suitcases, and millennials can’t stop buying them

This is a lovely piece on how online marketing via social media changes the basis for competition in an industry. Whilst Elizabeth Segran has written this piece in the global context, much of what she’s talking about is true for India as well. A decade ago most of us were using luggage made by global […]

Aug 05 . 3 MIN READ
Consistent Compounders

Short read: Humayun pioneered architecture, art, and astronomy. Now he’s got his own museum

Courtesy our high school history lessons, most of us remember Humayun as the ruler who was trounced by Sher Shah Suri in 1539 in Bihar and then had to flee to Iran. However, a group of Humayun fans believe that Humayan was just as glorious a ruler as his son, Akbar. Turning their thoughts into […]

Aug 05 . 2 MIN READ
Consistent Compounders

Long read: $800 -> $85k in 72 Hours: Reflections on Luck and Skill from the Part Time Poker Grind

The title as acknowledged by the author is intentionally clickbaity but the subject of the article is how process and not results are a better signal of skill in activities involving a significant amount of luck such as poker, investing or even business. The author who plays poker as a hobby talks about his recent […]

Aug 05 . 4 MIN READ
Consistent Compounders

Long read: The World Is not Willing to Absorb the Overproduction Coming Out of China

The fortunes of the Chinese economy have implications for the rest of the world given its sheer size and share of the global economy. Given recent weakness driven by the collapse of its property sector, the world was hoping for some measures to turn around the economy at the recently concluded Third Plenum of the […]

Aug 05 . 5 MIN READ
Consistent Compounders

Long read: How decline of Indian vultures led to 500,000 human deaths

Vultures have a bad rep in Indian mythology eg. a key villain in the ‘Mahabharata’ is called Shakuni Mama. However, as supreme scavengers, they have played a key role in cleaning up our country for free. ““Vultures are considered nature’s sanitation service because of the important role they play in removing dead animals that contain bacteria […]

Aug 05 . 3 MIN READ
Consistent Compounders

Short read: Married woman flees with lover after getting PM housing scheme fund, 10 others missing

Over the past year, in our portfolios we have loaded up heavily on the rise of Indian women. This newsflash on India Today is symptomatic of who is wearing the trousers these days in marital relationships in small town India: “India Today News Desk Maharajganj, UPDATED: Jul 10, 2024 17:13 IST…. Around 11 married women […]

Jul 28 . 2 MIN READ
Consistent Compounders

Short read: Puja Khedkar did what Indian society readily accepts—see corruption as aspirational

Over the past fortnight, trainee IAS office Puja Khedkar and her parents have made the headlines for the wrong reasons. Water cooler and tea stall chats across the nation about Ms Khedkar’s conduct has brought to the fore an even nastier problem which Amana Begum highlights in this article: “…Puja Khedkar’s case, involving selection through alleged […]

Jul 28 . 2 MIN READ
Consistent Compounders

Short read: Don’t be a stranger: The power of renewing old friendships

Plenty of research has shown time and time again that the biggest source of happiness is our social connections (only health is bigger). Yet, most of us end up ignoring some of our most precious relationships as we get caught up in our pursuit of professional success or its exigencies. In this blog, Rob Henderson […]

Jul 28 . 3 MIN READ
Consistent Compounders

Long read: Direct and Indirect

It seemed appropriate to follow up Howard Marks’ memo with this newsletter from Josh Tarasoff from Green Lea Lane Capital as it picks up the thread on the inherent unpredictability in investing. Except Josh extends this to beyond investing to business and in fact any complex adaptive system. More importantly, he establishes the multi-variate nature […]

Jul 28 . 3 MIN READ

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