Published on 24 Mar, 2021
A Sixty-Year-Old Tool to Assess Capital Allocation Decisions
Capital allocation refers to the decisions about how a company should spend the money it has earned. If capital is invested in a way that does not...
Published on 26 Feb, 2021
India’s Top 20 Leviathans’ Awe-inspiring Dominance
The top 20 profit generators in India (“the Leviathans”) now account for 90% of the country’s corporate profits. Beyond dominating the...
Published on 25 Jan, 2021
COVID-19 and the Proliferation of Junk Science
Over the past year a plethora of strategies to combat COVID-19 were put into action. However very few of these strategies were backed by publicly...
Published on 20 Jan, 2021
What Investors Can Learn From Rahul Dravid
More than any other cricketer, Rahul Dravid’s career has plenty of lessons for the rest of us regarding the power of mental conditioning and...
Published on 29 Dec, 2020
The Best of 2020
The Best of 2020 2020 has been such a remarkable year that it is now considered cliched to use the word ‘unprecedented’ to describe it. All of us...
Published on 23 Dec, 2020
AI and the Phantom Worker: The Story That They Never Told You
The popular idea that Artificial Intelligence (AI) and robotization leads to unemployment is simply not supported by data. Data for the last 10-20...
Published on 26 Nov, 2020
Do Brands Really Matter?
“For an incumbent to enjoy competitive advantages on the demand side of the market, it must have access to customers that rivals cannot match....
Published on 06 Nov, 2020
Deglobalization: The ultimate ‘fake news’ story
It has become fashionable to say that we are in the age of de-globalization driven by hyper-nationalist politicians. Thankfully, the data simply does...
Published on 28 Oct, 2020
How CAPM has hurt a Generation of Indian Investors
The Capital Asset Pricing Model clearly does not work in India – neither in theory nor in practice – because in the Indian market, risk &...