Consistent Compounders

Standing Tall – Lessons in leadership from Satish Dhawan

The late Satish Dhawan did much to make the Indian Institute of Science (IISc) the premier science research centre in India. He also modernised the Indian Space Research Organisation (ISRO) and laid the foundations for the powerhouse that the ISRO has become today. On the birth centenary of this legendary technocrat, Ram Guha’s essay on […]

Oct 04, 2020 . 5 MIN READ
Consistent Compounders

The Role of Technology in Consistent Compounding

It is widely believed that new technology leads to disruptive innovation. However, companies that have consistently innovated over longer periods of time have combined existing technologies using a recipe that is heavy on intangibles and difficult to replicate. It is this recipe which enables consistent compounding over long periods of time despite several disruptions in […]

Oct 02, 2020 . 12 MIN READ
Consistent Compounders

Childhood hero to colleague: Deano was the player you wanted to be

Dean Jones, the Australian cricketer turned commentator died of cardiac arrest last week at the age of 59 in the middle of his commenting stint at the ongoing Indian Premier League. Jones may not go down in history as one of the world’s greatest cricketers. But as this obituary in The Sydney Morning Herald suggests […]

Sep 27, 2020 . 3 MIN READ
Consistent Compounders

Milton Friedman Was Right About Shareholder Capitalism

It is the 50th anniversary of what many regard as one of the most influential opinion pieces in media history – Milton Friedman’s article in the New York Times, evangelising shareholder capitalism – the idea that the primary objective in business is to maximise profits for its shareholders. Recent years have seen a shift away from this […]

Sep 27, 2020 . 4 MIN READ
Consistent Compounders

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. […]

Sep 27, 2020 . 3 MIN READ
Consistent Compounders

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 […]

Sep 27, 2020 . 5 MIN READ
Consistent Compounders

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 […]

Sep 27, 2020 . 4 MIN READ
Consistent Compounders

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, […]

Sep 27, 2020 . 3 MIN READ
Consistent Compounders

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, […]

Sep 23, 2020 . 6 MIN READ
Consistent Compounders

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 […]

Sep 20, 2020 . 3 MIN READ
Consistent Compounders

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 […]

Sep 20, 2020 . 2 MIN READ
Consistent Compounders

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 […]

Sep 20, 2020 . 4 MIN READ

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