Published on 27 May, 2020
India’s Kings of Capital – Part II: Deepak Parekh
In part I of this series, we looked at how Uday Kotak has successfully steered the Kotak group over the past 35 years (read Part – I here). In...
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Published on 22 May, 2020
Investing Through a Crisis: A Handbook from Marcellus Investment Managers
When stock markets crash during an economic crisis, the move to the bottom is usually so fast, that investors seldom get a chance to react in a...
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Published on 13 May, 2020
Behold The Leviathan: The Remaking of Indian Capitalism
The 20 most profitable firms in India now generate 70% of the country’s profits, up from 14% thirty years ago. The rise of India’s networked...
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Published on 22 Apr, 2020
Rx – A Dose of Scepticism
With communication tools becoming handier, investors are increasingly confronted with the challenge of navigating through the uncontrolled barrage of...
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Published on 14 Apr, 2020
Reverend Thomas Bayes and a Big Buy Call on India
With most investors spending majority of their time reading and thinking about Coronavirus, it would be fair to say that their minds are now firmly...
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Published on 01 Apr, 2020
Knowing the Unknowable…
…or how the free market messes with our minds. As we end Marcellus’ first full financial year with healthy absolute and relative returns, we are...
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Published on 22 Mar, 2020
The Foundations of India’s Economic Recovery Are in Place
Four times in the last 40 years, a US recession alongside falling US bond yields and falling oil prices has been followed by a strong economic...
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Published on 18 Mar, 2020
India’s Kings of Capital – Part I: Uday Kotak
“Sometimes we are asked what it is we do all day – given we are not trading in and out of our holdings. One answer is that we are watching...
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Published on 26 Feb, 2020
The Stock Price of a Company Tells You Nothing Useful
The P/E multiple of a stock has ZERO ability when it comes to explaining future share price movements in India. The same is applicable for P/B and...
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