Consistent Compounders

Long read: Customer care: How the bot army will shrink the outsourcing pie

Artificial Intelligence is likely to disrupt several enterprise functions and businesses – one that’s already underway is customer care and its outsourced industry. This piece by Shelley Singh in the Mint tracks the development and its implications on the industry and employment. To be fair, it is not just AI, let alone GenAI, there have […]

May 13 . 3 MIN READ
Consistent Compounders

Long read: The Biggest Investor in the World

Marc Rubenstein writes an insightful blog on financial services businesses. However, this one features not exactly a business. It is about a sovereign wealth fund, the largest in the world – Norges Bank Investment Management. When the Norwegians discovered oil in the North Sea, they decided to buffer the government expenditure from the inevitable volatility […]

May 13 . 5 MIN READ
Consistent Compounders

Long read: Berkshire after Buffett: can any stockpicker follow the Oracle?

One of the biggest obstacles to taking a long-term view of any business – listed or unlisted – anywhere in the world is that the shelf life of CEOs of large firms tends to be short. Whilst a typical American CEO lasts only 4-5 years, even in India successful CEOs rarely get more than a […]

May 13 . 5 MIN READ
Consistent Compounders

Global Compounders Portfolio: The Four Pillars of American Capitalism

Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash flow/earnings. A large part of our portfolio comprises of American firms, and for good reason. Over the last 30 years, US equities have demonstrated exceptional ability to generate […]

May 09 . 11 MIN READ
Consistent Compounders

Short read: Mount Fuji: Iconic view to be blocked to deter tourists

Across the world, tourism has skyrocketed since the pandemic ended. In India, airline traffic growth – both domestic and international – has hit all time highs. The northern Indian hill stations are rammed full several months before the school summer holidays have begun. The same is true for European cities. In fact, Amsterdam announced last […]

May 06 . 2 MIN READ
Consistent Compounders

Short read: Master Your Attention: Schopenhauer’s Strategy Against Clickbait

Whilst social media with its user generated content has resulted in an explosion of content such as blogs and podcasts from practitioners, hitherto restricted by mainstream media controlling what we consume, it has also meant that we need to work that much harder to filter for good content. But why should we bother filtering and […]

May 06 . 2 MIN READ
Consistent Compounders

Short read: The Little Things that Result in the Big Things

“When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact”, Warren Buffett is known to have said suggesting why it is important to look for businesses which are fundamentally strong before evaluating management quality. The great Peter Lynch […]

May 06 . 3 MIN READ
Consistent Compounders

Long read: Made in Bihar: How superfood makhana works its magic

The strong growth in packaged foods and in particular snacks as a category, has been the saving grace in an otherwise slowing FMCG industry. Within that, thanks to rising health awareness and the resulting change in consumption habits, the health foods category, albeit small, is growing rapidly. Whilst millets have emerged as a healthy alternative […]

May 06 . 4 MIN READ
Consistent Compounders

Long read: Modi Govt Doubled Spending On Insurance, Not Enough On Health Infrastructure

This being election season, we are treated to politicians engaged in heated debate on a daily basis. However, on critical issues like health, what’s at stake is much more than political careers. What’s at stake is the health of your & our relatives and friends. Hence you might want to read this piece in IndiaSpend […]

May 06 . 5 MIN READ
Consistent Compounders

Long read: India’s difficult business environment is improving

A year ago The Economist noted that India is likely be the world’s fastest growing large economy for several years to come – see https://marcellus.in/story/the-economists-cover-story-india-is-likely-to-be-the-worlds-fastest-growing-big-economy-this-year/.This year The Economist’s special issue on India notes that “The difficulties of doing business in India and the lack of broadly available finance are two reasons why large conglomerates have dominated the […]

May 06 . 4 MIN READ
Consistent Compounders

Short read: D Gukesh makes history: Viswanathan Anand’s successors are here

In our past editions of the 3L&3S, we have been featuring pieces on the rise of Indian chess. Last Sunday, that rise hit a crescendo of sorts as D Gukesh became the youngest to win the Fide Candidates tournament, beating the legendary Gary Kasparov’s record. Incidentally, Kasparov tweeted soon after the win: “Congratulations! The Indian earthquake […]

Apr 29 . 2 MIN READ
Consistent Compounders

Short read: The surprising benefits of a traditional Japanese diet

Those of us who grew up in fish-eating families were often force-fed fish by our tiger mums or grandmums on the pretext that “eating fish makes you cleverer”. Whilst as children we used to think that this was gobbledygook, now as middle-aged professionals we are realising that our elders were on to something. As per […]

Apr 29 . 1 MIN READ

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