Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities
A much needed economic boost could come from the unlikeliest of sources – a housing boom. As both employees and companies are realising the efficacy of working from home, it is likely to become the norm even beyond the lockdown. More and more companies are making it a permanent feature for a significant part of […]
People Who Have “Too Many Interests” Are More Likely To Be Successful According To Research
This is the third consecutive week we have featured a piece form Michael Simmons, this time a slightly dated 2018 blog on generalists or polymaths. In his book “Range: Why Generalists Triumph in a Specialised World”, released last year, David Epstein, contested the “10,000 hrs of focussed effort” belief made famous by Malcolm Gladwell in the Outliers. […]
Charley Ellis: Why Active Investing Is Still A Loser’s Game
Few people can claim to understand the world of investment management as well as Charley Ellis does. Here’s why: Charley has been an investment consultant to large institutional investors for their manager selection for almost five decades; he has been a prolific writer on the subject including the biblical “Winning the loser’s game” and also a deep […]
Lavish Parties, Greedy Pols and Panic Rooms: How the ‘Apple of Pot’ Collapsed
If one thing scares us more than staring at the P/E multiples of low quality companies it is investing in companies with low/no barriers to entry. The inability to stay away from “hot sectors” is a common challenge for investors across the world. Two years ago setting up NBFCs was all the rage in India. […]
‘It’s bullshit’: Inside the weird, get-rich-quick world of dropshipping
There is plenty of talk in India these days regarding how India can try to pull business away from China in the wake of Covid. Whilst James Crabtree pours cold water on Indian hopes in his piece e in the Nikkei Asian Review, Sirin Kale comes at the issue from a different and arguably more instructive […]
CCPs avoid price hikes to strengthen pricing power
Most firms hike product prices to offset the impact of inflation in raw material costs and operating expenses. However, several firms in Marcellus’ CCP Portfolio – e.g. Asian Paints, Relaxo Footwears, Abbott India, Dr. Lal Pathlabs – have historically avoided hiking product prices meaningfully. These companies focus on deriving incremental operating efficiencies, thereby negating the […]
Bloomberg Quint | Talking Point With Saurabh Mukherjea | May 31, 2020
The Last Dance’ and lessons in leadership
For most Indians, the first experience of watching the NBA live on TV was in the early nineties with the arrival of cable television. And this coincided with one of most purple patches for a basketball team featuring the greatest basketball player and the greatest basketball coach ever. The Chicago Bulls with Michael Jordan’s genius […]
As WeWorks lie empty, coworking spaces face their day of reckoning
The WeWorks fiasco may have been a result of its’ founder Adam Neuman’s shenanigans fueled by Softbank’s megalomania. But it also showed the fundamental weakness of the co-working business model i.e, an asset-liability mismatch with long dated assets in the real estate backed by short term contracts with tenants, a classic recipe for disaster, exacerbated […]
Old style investing doesn’t work anymore, says Damodaran
The chorus of the end of value investing the way it was known and practised is getting louder and louder with more legends from the world of investing lend their voice to it. This time it is Professor Aswath Damodaran, who perhaps knows a thing or two about valuation – he teaches a popular course […]
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