Fraud and Deception Detection: Text-Based Analysis
Many of us in Marcellus are fans of Jason Voss’ book, “The Intuitive Investor” which explains how meditation helps investors became better at their job by allowing them to access higher levels of clarity of thought and intuition. In this piece, Jason – himself a very successful investor in the US – turns his mind […]
Nodeep Kaur: The jailed activist Meena Harris tweeted about
One of the most interesting features of challenges to the established order in India is that these challenges are coming increasingly from women – women from various parts of India and from the entire range of the social spectrum. Last week we had highlighted the landmark judgement of the Delhi High Court in favour of […]
“Consistent Compounders” Demonstrate Stellar Market Share Gains
Marcellus’ CCP Portfolio delivered earnings growth of 29% YoY in 3QFY21 backed by revenue growth of 19% YoY. Almost all stocks in the CCP portfolio gained significant market share over the past six months from both organized as well as unorganized competitors. The non-Financials part of the portfolio reported 45% YoY growth in earnings during […]
The Benefits of Moderate Exercise
Recent years have advocated vigorous physical activity with sufficient recovery periods, such as the High Intensity Interval Training or HIIT, especially for weight loss and fat burn. This piece in the NYT highlights a recent study that compared benefits of short, intense, interval training with those of longer but moderate workouts and found the latter more […]
Why Cathie Wood is the fund manager of the moment
At Marcellus, we are wary of the size problem in fund management – fund managers after a string of good performances tend to attract more capital only to eventually see their performance taper off. But the most spectacular scaling up of assets under management must be the now iconoclastic Cathie Wood’s ARK Investment Management which […]
Why Making Our Brains Noisier Feels Good
There is no doubt growing awareness of mental health issues, accentuated by the onset of the pandemic. As a result, the world is also learning more about the possible cures for chronic depression and anxiety. In last week’s 3L&3S we featured a piece highlighting the overuse of anti-depressants when simple aerobic activity could help equally […]
Why Does the Pandemic Seem to Be Hitting Some Countries Harder Than Others?
A recent spike in cases in India notwithstanding, the pandemic’s impact in certain countries such as India has been significantly lower than expected, certainly lower on a per capita basis compared to several developed countries, especially the US and Western Europe. Like many things about the coronavirus, there is still no clear explanation for this differential impact […]
Priya Ramani – Wikipedia page and the MJ Akbar judgement
Unless you have been in outer space for the past three years, you would have heard about Priya Ramani’s long running legal battle (over allegations of sexual harassment) with now-Former Minister of State for External Affairs, M J Akbar. In a landmark judgement the Delhi High Court said on 17th February 2021 that “the right of reputation […]
The Road by the Sea
Mumbai is in the midst of an epic infrastructure build with six metro lines being built simultaneously alongside new flyovers on the Eastern and Western Expressways and the most challenging project of them all – the $1.5bn Coastal Road. It is highly unlikely that any other city with 15 million people has seen so much […]
India’s Top 20 Leviathans’ Awe-inspiring Dominance
The top 20 profit generators in India (“the Leviathans”) now account for 90% of the country’s corporate profits. Beyond dominating the country’s profit pool, the Leviathans also reinvest these profits far more efficiently back into their businesses. By doing this over the last 25 years, the Leviathans have also widened the RoE gap between them […]
What happened after a boxer, a revolutionary, a singer and a football star met in a 1960s hotel room
Earlier this month, several Indian celebrities were criticised for tweeting what seemed like paraphrased messages around why outsiders shouldn’t meddle in India’s matters (in this case the farmer protests). This has triggered a debate around the role and responsibility if any, of celebrities in influencing public opinion on critical social and political issues. In recent […]
Why Immigration Drives Innovation
Research is increasingly demonstrating the benefits of diversity within a team or an organisation, particularly when it comes to creativity and innovation. This piece in Evonomics by Prof Joseph Henrich at Harvard University, applies the concept at the economy level relating immigration and its benefits to the economy. Henrich cites studies which showed significant drop […]
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