Short read: What to do
Paul Graham is at his inquisitive best asking this question – what should one do, as in generally in life: “One should help people, and take care of the world. Those two are obvious. But is there anything else? When I ask that, the answer that pops up is Make good new things.” Why? “The most impressive […]
Short read: What is Risk?
The title might sound trivial but as Joe Wiggins, who writes about behavioural aspects of investing, writes in this blog, most of us don’t understand what we mean by risk. As he puts it, jumping from a tall sky-scraper with no parachute is not risky – as the outcome is certain, in this case death. […]
Short read: The US’s 2,000-year-old mystery mounds
Believe it or not, there are stranger things happening in America than Trump’s trade policies. For example, did you know that the USA has massive mounds built a mysterious civilisation over 2000 years ago? Brandon Withrow writes for the BBC: “Autumn leaves crackled under our shoes as dozens of eager tourists and I followed a […]
Long read: Crashing the Car of Pax Americana
The American writer F. Scott Fitzgerald famously wrote: “The test of a first-rate intelligence is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.” Psychologists call it cognitive flexibility or dialectical thinking, a rare ability to navigate complex situations. Ben Hunt who writes this […]
Long read: A Tamil IPS officer is transforming sports in Bihar. From shame to pride
One of the many privileges of working at Marcellus is that we get to travel around India and meet the people who are changing the country for the better. On one such trip to Patna in 2022 met a police officer – IPS Raveendran Sankaran. We stayed in touch with him, learnt several things about […]
Long read: Distinguished Indian Economists: Swaying Minds and Shaping the Modern Indian Economy
India is an unusual developing economy for several reasons one of which is that unlike most other such economies, for many decades now India has been blessed with enormously capable minds when it comes to economic policymaking. For those who have had the privilege of having seen brilliant minds like Amiya Kumar Dasgupta or IG […]
The Kings Stand Tall as the Storm Approaches
Over the last 3M/6M/1Yr/2Yrs KCP has been able to consistently outperform both Nifty and Bank Nifty. Whilst our investment approach remains long term, we believe it is prudent to analyze the drivers of this outperformance. As we look back at the performance of KCP, note that the period from ‘Nov’21-Mar-23’ was a major drag on portfolio […]
Portfolio Performance and Update on Fundamentals – April 2025
Note: For all strategies except GCP, Performance data shown is net of fixed fees and expenses charged till March 31st, 2025 and is net of annual performance fees (Except for Little Champs Portfolio) charged for client accounts whose account anniversary/performance calculation date falls upto the last date of this performance period. Since, for Little Champs Portfolio, performances […]
Short read: Why are North Korean hackers such good crypto-thieves?
Despite claims of cryptocurrencies being a secure store of value, incidents of crypto thefts keep cropping up. Earlier this year in February, a Dubai based cryptocurrency exchange, ByBit, lost $1.5bn to hackers traced to North Korea. Apparently, this is not the first: “In 2023 North Korean hackers made away with a total of $661m, according […]
Short read: A.I. saved his life by discovering new uses for old drugs
The use cases for AI have spread far and wide across numerous different fields including life saving ones such as pharmaceuticals where AI is helping speed up discovery of new drugs. However, a less celebrated use case has been in ‘drug repurposing’, a field where healthcare practitioners look among existing drugs for treatment of diseases […]
Short read: Wildlife conservation funds biased against smaller species as larger animals take lion’s share: Study
As in the human kingdom, so in the animal kingdom – the most photogenic causes attract the greatest amount of sympathy and funding. Down to Earth says “A 25-year study has uncovered that the majority of global conservation funding is directed towards larger, more ‘charismatic’ species, leaving critically important animals and plants significantly underfunded…. Conducted by […]
Long read: We Are All Confident Idiots
Talking heads on financial media often sound confident about topics involving the inherently unknowable future. But then, the media wouldn’t invite folks who rightly demonstrate ignorance of the future. Not just the media, in general, we all prefer to listen to those who speak confidently. Turns out, confidence is directly proportional to ignorance. This was […]
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