Short read: Why it’s possible to be optimistic in a world of bad news
In the investing world, bulls are deemed reckless and speculative whilst bears are regarded particularly thoughtful and rational. In the world at large too, optimists are seen as delusional whilst pessimism is justified given the inevitable troubles surrounding us. Yet, as this author argues, optimists are the ones with the power to change the world. […]
Short read: Perspectives on Market Downturns
Market downturns are undoubtedly stressful and stress induces us to think and act irrationally. Very few of us can keep our wits about, something very important yet rare in the business of giving investment advice. Rubin Miller is one such rare individual providing some sensible perspective in this blog. First a few guiding principles he […]
Short read: India’s Young Entrepreneurs Aren’t Hungry and That’s a Reason to Worry
The issue of why the progeny of so many rich people are choosing to run family offices is as topical as it is important. It is topical because a month ago Uday Kotak called out this issue when he said: ““I would love to see this generation be hungry for success and build operational businesses,” […]
Long read: Global Value Investing in Our Era
Li Lu attained iconic status in value investing circles as the fund manager who earned the trust and respect of the legendary Charlie Munger to manage his family money. A couple of years ago, we featured a piece in the FT that detailed his remarkable life journey beginning with losing his parents in Mao’s cultural […]
Long read: India’s pilot training pipeline is broken. Crores spent, old aircraft, long wait for jobs
Did you know that it can cost more than Rs 10mn to become a commercially licensed pilot in India? For several years now, Antara Baruah has been doing a brilliant job for The Print’s readers by bringing us fact-based, in-depth stories which capture the bittersweet flavours of India’s uneven economic development. This long read on […]
Long read: The Path to American Authoritarianism: What Comes After Democratic Breakdown
This bleak piece is essential reading if you live in a democracy which is currently ruled by a demagogue such as Trump. Steven Levitsky of Harvard University and Lucan Way from the University of Toronto are distinguished political scientists. If you are too busy to read their outstanding piece, here is the crux of it: […]
Short read: Lung cancer risk: Air pollution is injurious to never-smoker’s health
Most Indian cities have experienced deteriorating air quality over the years, especially in the winter months, with several of us complaining of respiratory issues with varying degrees of severity. But it is no longer a case of just discomfort as this new study from the International Agency for Research on Cancer shows – the incidence […]
Short read: How Korean cooks taught chopping to NCR. Nepali chefs are ruling the game
One of the great joys of living, working and travelling around India is seeing how Indian professionals acquire new skills not so much from formal education but from seeing others do things (either in the real world or on social media). Whilst this leaves us questioning the value of much of what passes for higher […]
Long read: Probabilities and Payoffs
Michael Mauboussin has been the among the most erudite of investment strategists who can combine the practicality and psychology of investing yet articulate the same in a lucid way. This is one such paper from him which drills into the essence of investing like no other. Whilst the introduction and conclusion capture the essence in […]
Long read: Contemplating a Deal
Matt Turpin’s Substack is deemed by the cognoscenti to be essential reading on China. In this piece, he says that Trump is contemplating doing a deal with China. He then sketches out what that deal might look like. First Mr Turpin gives us his read as to why Trump is a deal-oriented politician: “Unlike other […]
Long read: The Great AI Shift: The Rise Of ‘Services As Software’ – Analysis
In this insightful long read, Nisha Holla, a Visiting Fellow at the Observer Research Foundation, describes how AI is transforming services that were traditionally provided by human beings into a software product. Ms Holla’s piece then goes on to explore the consequences of this for businesses and for the labour market. She writes: “…with the […]
Short read: How Should Your Allocation Change With Age?
It’s that stage of the market cycle when we tend to search for answers to questions like “should I pull out of the market to prevent a further erosion in my portfolio? What if it rebounds and I miss out? Should I buy the dip? Should I stop or continue with my SIPs”. Answers to […]
For more content on our strategy, visit the archives GO TO ARCHIVES