The everyday device in your home killing hundreds around the globe
Steve Jobs is believed to have famously said how he wouldn’t let his kids use the iPad or smartphones in general. Coming from the man who created it, he very well knew how destructively addictive these gadgets could get. This article talks about the many ways that the smartphone addiction of today is becoming fatal […]
New Firms for a New Era
An oft touched upon subject in 3L-3S is that of an inclusive capitalism, which goes beyond just serving the owners of capital, the lack of which has been one of the key drivers of income and wealth inequalities that the world is witnessing today. This piece by Dani Rodrik delves on the why’s and how’s […]
How to put out a bright spark
At Marcellus, we have written about the formalisation of the economy driven by GST among other factors and the resulting consolidation of industry into a few large players at the expense of the small and medium enterprise sector. This piece in the Outlook Business takes a look at the fate of the Foundry industry in Coimbatore known […]
Never Has a Venial Sin Been Punished This Quickly and Violently!
There have been proclamations about how value investing, at least value investing as we know it, is dead – such as this one which tries to argue that value of companies with innovative capabilities (say Tesla) that can have far reaching impact over a long period of time is simply hard to assess. Well this is not […]
Indian tequila: one man’s quest to perfect a national spirit
This is the remarkable story of how tequila began to be manufactured in India’s Deccan Plateau. The stuff is so authentic that it is indistinguishable from the real thing. “In a quiet part of Goa on the west coast of India, three identical enamelled cups were perched on a bar. Each contained a clear alcohol. In […]
Yuval Noah Harari’s History of Everyone, Ever
For a historian to be profiled in a 10,000 word article in the New Yorker, which is arguably the world’s best magazine, he/she has to be pretty special. Most people who have read Yuval Noah Harari’s books will argue that he is pretty special. This profile tells you more about this unique man. The piece […]
How PSU stocks disprove the Efficient Markets Hypothesis
The Efficient Market Hypothesis (EMH) posits that all stocks always reflect all available information in their prices, making it impossible to find or buy undervalued stocks. With stock selection being redundant, the one way to increase portfolio returns is to increase systemic risk – i.e. buying high beta stocks. Many distinguished investors, including Warren Buffett […]
Robot Analysts Outwit Humans in Study of Profit From Stock Calls
Humans are losing to robots in a rapidly rising number of industries. If ‘Robo Advisors’ have taken off in the world of financial advisory or wealth management, now, ‘Robo analysts’ seem to be disrupting the hallowed world of sell side equity research analysts. Indeed, a study by the Kelley School of Business at Indian University […]
Netflix Already Won the Oscars
This article was written just before the actual Academy awards night. And the conclusion wouldn’t have been any different if it were to have been done after the awards where Netflix managed to win all of a mere two awards. Indeed, the day after the awards’ night, Netflix’s shares rose, somewhat explained by the article […]
The Outsize Influence of Your Middle-School Friends
Increasing bodies of research show that social relationships are perhaps the biggest drivers of happiness, thanks to their role in the release of oxytocin, one of the happiness inducing chemicals in the human body and reduction in cortisol, the stress inducing hormone. This article highlights research which shows that this phenomenon is rather pronounced in adolescents and […]
The (Easily Misunderstood) Yale Model
This outstanding piece from the legend that is Charles Ellis provides a far deeper understanding of Yale’s famous endowment investment model – helmed by the equally famous David Swensen – than anything else we have read to date on this iconic investment model. Ellis starts with the basics by telling us why Swensen is a […]
IBM made IIT Kanpur what it is. It just returned the favour with CEO Arvind Krishna
In a world where those who don’t display bigotry vis a vis foreigners are not seen as real men, The Print has a lovely story on the role of IBM – and the United States more generally – in the creation of IIT Kanpur. And how that elite university has now returned the favour by […]
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