Blogs

The Rise of the Next Generation of Champion Franchises

Published on 18 Jul, 2020

The Rise of the Next Generation of Champion Franchises

Covid-19 is leading to rapid consolidation across a range of sectors in India, including sectors in which well-run small cap companies participate....

The Most Damaging Myths in Indian Investing

Published on 24 Jun, 2020

The Most Damaging Myths in Indian Investing

Portfolio construction based on grandmothers’ stories and advice from snake oil salesmen means that the vast majority of affluent Indians have...

Inside the Mind Of the Indian Monopolist

Published on 16 Jun, 2020

Inside the Mind Of the Indian Monopolist

All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape...

India’s Kings of Capital – Part II: Deepak Parekh

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...

Investing Through a Crisis: A Handbook from Marcellus Investment Managers

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...

Behold The Leviathan: The Remaking of Indian Capitalism

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...

Rx – A Dose of Scepticism

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...

Reverend Thomas Bayes and a Big Buy Call on India

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...

Knowing the Unknowable…

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...