A matter of fact: New study shows how Indians respond to (mis)information on WhatsApp
Whilst user generated content or social media has had its benefits on access to information as well as quality and diversity in perspectives, it has its downsides too. In particular, the growing malaise of fake news or unqualified content, whether deliberately planted by vested interests or otherwise. And the ease of forwarding a whatsapp message or retweeting […]
New Thinking Emerges on Optimal Tenure for a CEO
At Marcellus, whilst we look for companies with institutionalised culture, systems and processes thereby reducing the reliance on a few key individuals, we do acknowledge the contribution of iconic CEOs towards building such an institution. Indeed, CEOs who have served longer tenures have had a lasting impact on their businesses. However, the rapidly changing technological […]
U.S. renters are richer, older, and have larger households
A week before Ben Carlson’s piece, this article came up in the Curbed coming at the income disparity challenge from a related yet diagonal perspective – also involving real estate. The article talks about a recent study which shows an increasing trend of relatively higher income people shunning home ownership and instead renting homes, almost […]
The rich own stocks, the middle class own homes. How betting it all on real estate is a wealth gap problem
Ben Carlson comes at the inequality challenge from an asset class ownership point of view. Over the last decade or so much of economic policy making such as quantitative easing has benefited owners of capital i.e, the rich with financial markets having their best decade. And hence contributed to the growing inequality between the have’s and […]
Old People Have All the Interesting Jobs in America
Tyler Cowen sheds light on an issue which has puzzled many of us over the past 20 years. Here is the conundrum: in the West, over the past 20 years, a peculiar trend has emerged wherein the brightest graduates aspire to enter Finance, Management Consulting and Law. (India too has seen the onset of this […]
Prudent Capital Allocation is Critical for Consistent Compounding
The most sustainable way for a firm to compound profits over the longer term, is to sustain high ROCE alongside a high rate of capital reinvestment. However, such businesses face the challenge of consistently finding avenues for incremental capital redeployment in areas which deliver high ROCE. Some of the most common capital allocation mistakes made […]
Security analysis at Columbia Business Schol
The last couple of decades have seen a new stream of sources of information and insight with the emergence of social media or user generated content. Whilst books, journals, periodicals and news papers have contributed immensely over time, blogs, Ted talk videos, podcasts, etc have become a rich supplementary source. Whilst we have featured most […]
The Revolution Comes to Davos
It is that time of the year when billionaires across the world come together at the Swiss ski resort town of Davos to ideate on how to make the world a better place. Tim Wu of the NY Times writes why the event is becoming increasingly farcical given the ironies involved. Last week, a meme […]
This book put me to sleep
You can’t go too wrong with your reading if you have Bill Gates making your reading list. In this blog post, he reviews Matthew Walker’s “Why We Sleep” and based on his learnings, provides a quick tutorial on the why’s and how’s of sleep science. Reflecting upon his younger days as a software engineer pulling […]
Virgin Galactic And The Potential of Space Tourism
Kevin Rooke is a young independent analyst focusing on investment research on technology companies. Some of his other posts about how Apple’s booming airpods business at $12bn revenues alone is bigger than some marquee tech companies including the likes of Adobe, Nvidia or AMD or the one on Tesla’s now meaningfully large energy storage business […]
Is Singapore’s ‘perfect’ economy coming apart?
Friends in Singapore keep telling us that it ain’t like the good old times in the city. The city apparently as friendly and as habitable as it was a decade ago. This piece in the Asian Review details the challenges facing Singapore. The first problem is the familiar challenge of blue-collar manufacturing jobs disappearing: “Midlevel jobs […]
How Private Equity Wrecked New York’s Favourite Grocery
Although private equity (PE) in India has barely been around for 20 years, many of us have already seen some of our favourite brands laid low by the combined incompetence of PE firms and the original owners of the franchise. Nirula’s in the NCR is one such example. In this piece Joe Nocera describes how […]
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