Reviews of Michael Lewis’ new book, “Premonition”
Michael Lewis is the best non-fiction writer of the past 30 years. Not only does he write a book every other year, not only do these books sell by the millions, not only are these turned into blockbuster movies starring Brad Pitt and Christian Bale, the books achieve something far more important – they take […]
The Impact of Intangibles on Base Rates
In our first two pieces this week, we highlight the latest publications of the two of the very best writers of the past 20 years (albeit in completely different fields). First, we discuss Michael Mauboussin’s latest piece on a subject which is close to our hearts in Marcellus: the impact of investment in intangibles on […]
Staying on the Top of Everest is Harder than Getting There
In every decade, typically 50% of Nifty companies are ejected from the benchmark index leaving in their wake disappointed shareholders. Jim Collins’ bestseller “How the mighty fall…” provides a framework for assessing how companies get dislodged from their market leadership positions. We twin this framework with our proprietary ‘Lethargy’ & ‘Succession Planning’ frameworks to improve […]
The grit and greatness of Novak Djokovic
Even the most ardent of Federer and Nadal fans have now conceded defeat in the G.O.A.T debate, acknowledging the greatness of Novak Djokovic. So we wont feature a piece with statistics to argue one way or the other. Instead, here’s a piece by Sandeep Dwivedi about Djokovic’s past that gives context to his character – […]
Beware the IP-Ohs
Retail investor participation has skyrocketed across the world as seen with the surge in accounts at Robinhood and Zerodha alike. With the stock market’s potential for wealth creation, it is indeed a good development, especially given the younger demographic of new investors, starting early in their financial planning. However, given the excitable nature of the […]
A litre of petrol takes up 30% of average daily income in India
Social media is flooded with memes about the record high fuel prices in India. Whilst high fuel prices has been a common theme in India irrespective of which political party is in power, exactly how high is this, relative to purchasing power? In this data driven blog of Business Standard – Number Wise, Abhishek Waghmare puts out […]
Master Series: David Rolfe
If you enjoy learning from other investors, John Garrett’s Masters Invest website is a goldmine with a vast library of resources including interviews with some of the most successful investors around, some not particularly well known. These interviews show how even these investors learn from others though not necessarily to emulate them but evolve their […]
Cricket is having its Moneyball moment
Michael Lewis’ blockbuster bestseller “Moneyball” not only immortalised baseball coach Billie Bean’s use of stats for player recruitment & player selection (the movie with Brad Pitt in a starring role also helped), it changed the nature of the sport. Now baseball and basketball in the USA and football in Europe are heavily stats oriented sports. […]
Semiconductors could be the new oil – here’s why
A lot of people these days say that “Data is the new oil”. Whilst the sentiment they are trying to convey – that information rather than physical commodities now underpin growth & prosperity on our planet – is correct, the analogy is imperfect. If data & information are now the underpinnings of a modern economy […]
Bajaj Finance: The Enigma Is Set For Another Transformation
Over the past decade (FY11-21) Bajaj Finance (BAF) has grown its loan book at a CAGR of 35% and PAT at a CAGR of 33% with an average RoE of 20%. During this period credit growth in the Indian banking sector has been only 10% p.a. BAF has transformed itself from being largely a captive […]
Is gaming good for kids?
With the schools on full term break and the monsoons in full swing here in Mumbai forcing the kids to stay indoors mostly, many of us parents worry about how much time they end up spending on video games. Whilst anything in excess is not good, this article shows it isn’t a sound idea to […]
The medieval nuns’ guide to virtual travel
With travel still restricted across the world, we are all longing to resume exploring the various wonderful places on the planet. Virtual tours of distant places on various platforms such as Amazon explore or the National Geographic are some solace but most will agree it is not even close to the real thing. What could […]
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