‘I’ve never seen anything like this’: Chaos strikes global shipping
Over the past six months we have heard several of our clients who run export-import dependent businesses in India complain that the movement of global freight has been disrupted by Covid-19 and why it is making it difficult for them to get key inputs. Ironically, as the post-Covid economic recovery gathers steam, this problem is […]
The rich vs the very, very rich: the Wentworth golf club rebellion
Samanth Subramanian has emerged as one of the best young, non-fiction writers of our era. He can take any subject – from Jimmy Anderson to Covid-19 masks to golf clubs – and produce a riveting read. In this piece he explains how a Chinese takeover of a prestigious English golf club, Wentworth, exposed an affluent […]
The Strong Shall Inherit The Post-Covid World
Marcellus’ Little Champs portfolio witnessed revenue growth of 10% YoY and PBT growth of 35% YoY in 3QFY21 (which compares favourably to 1% and 13% respectively seen in 2QFY21). This growth is driven not only by a recovery in the underlying industry demand but also by market share gains from weaker peers. Furthermore, thanks to […]
The Man who Abandoned Value
With the rate at which growth stocks are falling, this article might be past its expiry date. But this is a story of an investor – Arne Alsin, who pursued ‘value investing’ in the traditional sense of the term, even successfully at that during the dotcom bubble, then saw value investing bleed post the Lehman […]
How to Stop Overthinking Everything
We all end up making myriad decisions in our daily lives, be it our workplace or matters related to family or home. At times, we tend to get caught up a bit too much in the nuances trying to make the perfect decision as result end up not just losing productivity but also suffering from […]
How Does the Stock Market Perform When Interest Rates Rise?
Over the past couple of weeks, the markets globally have been volatile on the back of rising interest rates. Whilst central banks remain committed to keeping rates low for extended periods, bond markets have started factoring in rising inflation on the back of a strong economic recovery and hence demanding higher real interest rates, reflecting […]
How to have better arguments online
It is perplexing how conversations on social media tend to be a lot more vitriolic than those we experience offline with the same individuals. Apparently, there is a reason for it and understanding the same can help us have better and more civilised conversations online. This piece in The Guardian is an adaptation from Ian […]
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 […]
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