Globally, the relationship between overall credit growth and GDP growth is no longer as strong as it used to be three decades ago. However, in India’s case, the relationship, even though weaker as compared to the 1990s, is still robust. Moreover, as a country gets richer, retail credit starts accounting for an ever-larger share of […]
Easy access to information and incessant news flow around the economy, politics, Covid, Government policies and RBI regulations makes it difficult for investors to “do nothing” and hold on to high quality Financial Services companies. Data suggests that the impact of positive or negative news flow is further amplified in the case of Financials – […]
The argument that cryptos are not backed by cashflows and hence have no intrinsic value has been countered by the logic that not all assets need to have an intrinsic value – it can have a transactional value i.e, what price other buyers are willing to pay as in art, for example. In this really short read, Seth […]
Whilst the article is meant for anyone and everyone to draw lessons from scientists on how to think, based on the article, it surely does seem to help to think like a scientist in the world of investing. The author presents five steps in which scientists think, we could all use as investors:“Step 1: Start […]
This is not exactly a review of William Bernstein’s recent book “The Delusion of Crowds” but the blog seems to feed off the book’s central theme and a bit more. Ben draws from the book key characteristics that define a financial mania and then applies it to the current context to see if we are in […]
Obesity has been growing as an epidemic of sorts across the world, especially in the rich world (12% of the population sixty years ago to more than 40% today in the US) and its tendency to spawn off other health disorders makes it even more dangerous. The long-held belief as the most common reason for obesity […]
One of the most interesting things about technology is that it has two distinct strands to it. The obvious strand is what technology is usually associated with i.e. software programming and hardware like chips and transistors. The less obvious and more intriguing strand is the one which links technology to maths, logic and thence to […]
Whilst it has been a lot of fun watching India beat England in England in the recent Test cricket series, the sports highlight of the summer for many of us at Marcellus has been the spine tingling performances of the Indian women’s and men’s hockey teams at the Tokyo Olympics. With breathtaking power, skill and […]
Some of us enjoy getting beaten hollow by our kids in a game of FIFA on the Playstation but we also get reminded at how our reflexes have slowed with age. Whether its sport or driving or memory, popular understanding is that ageing slows us down. However, this piece in the Nautilus points to a […]
Here’s another gem from Anand Sridharan for more reasons than one, least of which is the cricketing analogy to drive home an important lesson in investing. As fans of the game, especially of Rahul Dravid, we have indulged quite a bit in our recently published book Diamonds in the Dust. But more importantly this essay brings […]
The fight against climate change with adoption of clean energy has accelerated over the past decade with significant drop in costs of among others, solar, wind and hydrogen fuel technology. But news from the Massachusetts Institute of Technology earlier this week about a significant breakthrough in fusion energy technology, arguably the cleanest of them all, […]
Michael Mauboussin and Dan Callahan have been producing some brilliant research pieces off late for Morgan Stanley’s Counterpoint Global Insights. This one is about what investment firms can learn from the world of sport about adapting to change. Basketball fans will particularly enjoy this as it has plenty of data-based analysis on the rather slow adoption […]
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