Latest posts
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PRIM and the future of mutual fund investing in India
In 1964, an Indian who wanted to own a piece of the stock market without picking shares had exactly one place to go. The Unit Trust of India, set up in 1963, launched its first scheme, Unit Scheme 1964 or US-64, in…
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Why salary isn’t enough in the age of AI
In the spring of 1956, two brothers in their eighties sat down with their lawyer in San Francisco. They owned a small chain of newspapers on the California peninsula. They were ready to retire, and they had a decision…
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Why are affluent Indians paying money to suffer?
In 2017, in a rented warehouse outside Hamburg, two German entrepreneurs ran an experiment that 650 people showed up for. Just eight kilometres of running, broken into segments, each one followed by a punishing task:…
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Your money might be making you less happy
In 1994, doctors began studying a woman they would only ever call S.M., a woman who, as far as anyone could tell, was afraid of absolutely nothing. For the next two decades, researchers at the University of Iowa tried…
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How to choose the best city to live in India?
A few nights ago, three of my friends nearly got into an argument over dinner. One, a die-hard Delhi loyalist, went on about the winters, the food, the sheer scale of the city, and how everything important in the…
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Forget GDP, these 5 numbers reveal what’s really changing in India
In December 1966, a shipment of wheat sat somewhere in the Atlantic, and an Indian official in Washington was waiting on a phone call to find out if it would be released. This wasn’t unusual. It happened most months…
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Indian equities in 2026: is the earnings cycle turning?
On three consecutive Independence Days, the Nifty 50 kept coming back to the same level, a little above 24,000: in August 2024, again in 2025, and again in 2026. Anyone glancing once a year would think nothing had…
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Why your brain is hardwired to ruin your wealth
Sandeep Pai sells fire extinguishers for a living in Mumbai. In 2007, at the peak of a roaring bull market, he put a good part of his savings into a basket of mid-cap stocks. When the crash came the following year, he…
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If you have ₹25 lakh or more to invest, read this
Peter Lynch took over Fidelity’s Magellan Fund in 1977, when it was a small, obscure fund most people had never heard of. By the time he left in 1990, he’d turned it into the best performing mutual fund in the world,…
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How employees create wealth along with their companies
In October 2007, two friends stood outside a bookstore on Church Street in Bangalore, handing out bookmarks with a website address, hoping someone would go home, type it into a browser, and place an order. That tiny…