The Eighth Commandment: Relax & Refresh (Don’t reflect)
Summary: Give yourself time to relax, recover, and refresh. And when you are relaxing do NOT let your mind brood over past mistakes and try not to dwell on the challenges tomorrow will bring. [To find out what the Ten Commandments of Indian Entrepreneurship are, please click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “Six days you shall labor and do […]
Short read: Who are the world’s best investors?
This article might be an eye opener for those who chase IPOs (Initial Public Offerings) in the stock market. Whilst you can excuse those who hope to pocket listing gains and flip (that is if you are not left holding the parcel when the music stops), this piece shows it makes little sense for long […]
Short read: Queer Indians Forge Alternative Careers Amid Workplace Discrimination
Although it has been seven years since the Supreme Court of India decriminalized homosexuality through its landmark judgement in “Navtej Singh Johar vs the Union of India” case, queer friends & relatives continue to report high levels of harassment in their workplace. The numbers cited on this subject in this IndiaSpend piece make for eyewatering […]
Short read: BlackRock Has Built An AI Analyst, ‘Asimov,’ To Scan Filings
India’s tech workforce is already seeing the adverse impact of AI. Next up could be India’s financial analysts and fund managers. This Bloomberg article highlights how Blackrock has created a bot which does what conventional equity analysts do: “BlackRock Inc. is planning for artificial intelligence to have a much bigger role in investing. The world’s […]
Long read: Young People Face a Hiring Crisis. AI Is Making It Worse
Here is yet another manifestation of disintermediating main stream media. Derek Thompson, co-author of the recently published impactful book “Abundance” and one of the finest writers to have written for The Atlantic over the past 17yrs, just quit the magazine publisher to start his own Substack. And in his first post , he explains why he did […]
Long read: ‘The Mozart of the attention economy’: why MrBeast is the world’s biggest YouTube star
No other industry has been arguably disintermediated more by technology than media. Youtube, Instagram, TikTok and the likes have broken entry barriers for content creators and now have their own versions of the media behemoths of yore. The biggest of them all goes by the pseudonym “Mr Beast”. Most of us with teenage or even […]
Long read: The Allure of Autarky
Ben Chuis policy and analysis correspondent for the BBC. Previously, he was economics editor of Newsnight, the BBC’s flagship news and current affairs programme. He is the author of Chinese Whispers: Why Everything You’ve Heard About China Is Wrong (2013) and Exile Economics: What Happens if Globalisation Falls (2025). In this wide-ranging piece on a […]
The Seventh Commandment: Be Curious, Keep Learning, Ignore Credentialling
Summary: Focus on the ‘inner scorecard’ rather than the ‘outer scorecard’. Focus on continuous learning, knowledge & skill acquisition rather than credentialling. Look for new experiences, new opportunities to acquire knowledge and build new skills. [To find out what the Ten Commandments of Indian Entrepreneurship are, pls click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “We shall not cease from exploration […]
Earnings Growth in India: Sliding Nifty vs Rising CCP
Nifty50’s EPS growth moderated to 6% YOY in FY25 (from 24% CAGR over FY21-24) whilst valuations remain elevated (21x FY26 P/E for Nifty50). In stark contrast, Marcellus’ CCP portfolio’s earnings growth rate has been in the range of 17%-18% CAGR until FY24 and held firm at 14% YoY in FY25. Amidst a growing earnings growth […]
Portfolio performance and update on Fundamentals – May 2025
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. The BSE 500 index is designed to be a broad representation of the Indian market. Consisting of the top 500 companies listed at BSE Ltd., the index covers […]
Short read: Different Kinds of Smart
Success in investing isn’t as much dependent on your IQ as much as EQ – your emotional quotient. Indeed, too high an IQ could be detrimental as this ability to rationalise anything can make one delusional about the world and their ability to predict the future. In this article, Morgan Housel brings out the point […]
Short read: Air traffic control in the US still uses Windows 95 and floppy disks
Those of who spend our business lives on an aircraft vritually everyday of our lives were left doubly disturbed by the tragic crash in Ahmedabad of a colossal aircraft that we all assumed was un-crashable. Our perturbation has been heightened by what we have seen in America over the past couple of months where air […]
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