The Rise and Fall of Bitcoin Billionaire Arthur Hayes
This week we feature two long reads featuring the world’s wealthiest man – Elon Musk. The first has to be something to do with his company Tesla’s announcement earlier in the week that it had invested a billion and a half of its treasury money in Bitcoin and that it will accept payments for its […]
Will Robinhood Become the Facebook of Finance?
At the beginning (i.e. around a 10-15 years ago), it was institutional investors who realised that they were no longer dependant on broker research – technology now allowed them to access information & expertise easily and at low cost. The rise of Direct Market Access trading gave institutional investors unfettered access to the order books […]
Spotlighting Mold-Tek Packaging
This month we place the spotlight on Mold-Tek Packaging, a leader in supply of injection-moulded rigid packaging in India across Paints, Lubricants and Food & FMCG industries. Mold-Tek commands one of the best operating performance track records in the packaging space with an average EBITDA margin of ~18% and pre-tax ROCE of ~20% over FY18-20. […]
The Mystery Of India’s Plummeting COVID-19 Cases
As the developed world reels under second and third waves of Covid infections, India’s case count continues to decline relentlessly defying all reason. Experts were sure of an outbreak post the festive season when Indians were out and about in hordes crowding shopping areas like ever. Yet the numbers didn’t show any signs of that. […]
Superstar Cities Are in Trouble
We have all known people who have decided to move out of big cities for good during pandemic to smaller, quainter towns with a slower pace of life – Dehradun, Goa, Coonoor among others, thanks to the universal acceptance of ‘Work from home’. As normalcy returns, several organisations are bringing their staff back to offices […]
The Master and the Fool
Tim Ferriss is best known for his concept of ‘The 4-Hour Workweek’ (and also published book by the same name). His blogs and in particular his podcasts have a massive following, particularly for those with a focus on continuous learning and self-improvement. In this blog, he features the epilogue of George Leonard’s book ‘Mastery’ which […]
As birth rates fall, animals prowl in our abandoned ‘ghost villages’
Several countries around the world are seeing their populations shrink as families choose to have less than 2.1 children – the normal replacement rate required to keep the population constant. What was once the problem of rich countries like Japan, the UK and Germany is now spreading to middle income countries like Thailand and Iran. […]
Jane Street – the top Wall Street firm ‘no one’s heard of’
Jane Street is a firm that few of us have heard about. However, this little known firm now plays a critical role in the US financial system due to its role as one of the world’s biggest market makers. This FT article says Jane Street traded more than $17 trillion of securities in 2020. (To […]
Inside the mind of Jeff Bezos
Earlier this week, Jeff Bezos announced that he will no longer be the CEO of Amazon handing over the baton to one of his lieutenants who ran Amazon’s hugely successful web services (AWS) business. So, it is an occasion to look at the journey of the world’s largest company, all built in 25yrs and the […]
Disrupt, Dominate, Deliver Strong Free Cash Flows and Repeat!
Whilst there are various investment philosophies aimed at swapping disrupted incumbents with new disruptors, such investments entail taking speculative risks around the future dominance of the new disruptor. At Marcellus, we believe that dominance cannot be sustained without disruption, and disruption is not worth investing into if it doesn’t generate substantial free cash flows for […]
Why you’re more creative in coffee shops
It is almost a year of WFH (working from home) for many of us. Some of us feel we have become more productive in the quiet isolated comforts of our home. Some of us are not so lucky with other distractions around family, kids, home errands and are longing to get back to our office. […]
How to be lucky
In his incredibly fascinating book Loonshots, Safi Bahcall discusses how serendipity plays a role in most big inventions. Whilst that might make life seem largely accidental, it turns out we can actually create our own luck. Christian Busch, the author of the book – Serendpity Mindset, in this piece in the Psyche talks about a process that […]
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