The Daughter of a Slave Who Did the Unthinkable
Jason Zweig is one of the finest writers in finance around today. This piece may not be about investing but an increasingly important aspect of modern capitalism – the lack of diversity (gender and color) in business. Wall street and even Silicon Valley for all its progressive thinking, are still dominated by the white male. […]
Why America Is Afraid of TikTok
TikTok, owned by the Chinese company ByteDance, was the most popular mobile app in India until it got banned by the Indian government recently amidst rising geopolitical tensions between India and China. Whilst India was TikTok’s largest market by users (ByteDance runs a different app in China), the US is its most valuable market in […]
To become Invincible at Life : Create your own T
One of the reasons we like to share what we have read with other people is that it allows us to live and learn within a community of people for whom learning is a way of life. We have known Jinay Savla for a couple of years as a bright young wealth manager helping Indian […]
Big Investors Are Dying to Know What Amateur Traders Are Doing
In America retail investors now account for 20% of cash equities trading volume and 12% of options trading volumes (making them the second-largest group of investors in the market). Such is the volume of trading now emanating from stay-at-home traders that “With the sway of stay-at-home traders growing and starting to eclipse other influences on equities, […]
Five Non-Finance Books That Investors Will Enjoy
We spent two years reading extensively before we published the “The Victory Project”. The books which led to “The Victory Project” are the ones which have: a) Helped me understand a discipline that I knew little about; b) Helped me come up with new insights; and c) Are fun to read. Over the past month, […]
Snowflake’s IPO is a bet on companies using AI for everything
The most critical trait of a successful investor they say, is humility – the open mindedness that you could be wrong and change your view if need be. Who better to demonstrate that than the legend himself – Warren Buffett. In recent years, we have seen him change his stance on some long held beliefs. Having […]
The Billionaire Who Wanted To Die Broke . . . Is Now Officially Broke
We are living in an age where the word ‘billionaire’ may have lost meaning given the number of unicorns springing up all over the world and even more, the richest in the world are now worth over a hundred billion. But there are some who give meaning to their fortune and can be inspire many others […]
The ‘serendipity mindset’: how to make your own luck
Like in life in general, in investing too, you need an element of luck to succeed. At Marcellus, we make it a point to remind ourselves of that and try and separate the elements of skill and luck that contribute to an outcome, so we can refine our process that influence the factors in our […]
How China Controlled the Coronavirus
A few days ago, pictures of a massively crowded pool party at a water park in Wuhan went viral, leaving people across the world stunned as to how their lives could not have been more different – working from home, no or limited interactions with friends and family and certainly no events with mass social […]
India and China might not want war, but will not be able to will peace either
Whilst Pratap Bhanu Mehta has made the occasional error of judgement in the past (who hasn’t?), in this piece he is back to his level-headed analytical best when he says “…it is worth looking beyond the morality of the claims and counter claims, at the structural logic of the situation to see why India and China […]
Over and over and over again: Jimmy Anderson keeps on running
This long essay on the most successful fast bowler of all time, the one bowler that no Indian batsman (barring perhaps Virat Kohli) has mastered, Jimmy Anderson, is a tribute to many of the skills we have paid homage to in “The Victory Project: Six Steps to Peak Potential”. These skills include deep specialisation, clutter reduction, […]
How to spot naughty lenders in India?
Given the leveraged business model of lenders, investors need to be even more vigilant about accounting quality when investing in banks and NBFCs. We find a clear correlation between accounting quality and share price returns of Financial Services companies. In specific, companies with only the highest accounting quality have managed to generate positive returns over […]
For more content on our strategy, visit the archives GO TO ARCHIVES