In the first half of the nineteenth century, British output per worker surged while real wages barely moved for decades — a stretch economic historians call ‘Engels’ pause’. Carl Benedikt Frey’s The ...

Crude oil is India’s Achilles’ heel. Our energy dependence makes the price of oil one of the most critical inputs in our fiscal planning as well as in monetary policy actions. It follows that ...

Everyone wants the returns that come from holding a great company for decades. But not everyone can actually sit through the 50%-plus drawdowns that come along the way. In our new book, The Art of ...

Consumption patterns show that India’s urban middle class is suffering. We believe that there are 3 reasons for this: (a) In offices & factories, technology is replacing humans in jobs entailing ...

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June was a constructive month for the portfolio and the broader index. However, the portfolio underperformed the index by approximately 190 bps, as markets were led higher by a sharp rebound in a ...

“Work is worship” is a popular saying attributed to several people from the 12th century philosopher Basavanna to Gandhi. Yet 20th century economists believed as humans trade off between work and ...

The remarkable growth in the role of software in our lives over the past couple of decades was best captured by Marc Andreessen. In 2011, Andreessen the founder of Netscape and more famously the ...

For a generation, “Made in China” was a story about scale. The country became the factory of the world by making ordinary goods in volumes, and at a cost, that no rival could come close to matching.

India’s wealthy aspire to retire early, start businesses, and fund children’s futures, but lack the roadmap to get there. Marcellus, in collaboration with Dun & Bradstreet, conducted the ‘India Wealth ...

To fund future dollar-denominated expenses and To safeguard purchasing power against a structurally weakening currency. While high friction costs once made international markets inaccessible, four ...