Every now and then we run into a prospect who at the end of the meeting would ask for a stock tip as a parting gift of sorts. Some of them are self professed punters who fully recognise they are just pandering to their gambling instincts and therefore dabble a bit rather than bet their […]
Amidst the pandemic and riots of 2020 when nothing seems to be going particularly right, the Sikh community in the US is quietly going about feeding thousands of people in need for free, showing the better side of humanity. The article talks about the aspect of selfless service that is an essential part of Sikhism. […]
At Marcellus, we embrace the risk minimisation approach to investing which reflects our team’s highly sceptical view of most things in the market. Whilst scepticism does help avoid loss making prospects, it does sometimes lead to passing on potentially money-making opportunities. Here’s a century old investment firm which is taking the opposite approach of positive […]
One key difference between the current Covid crisis and the 2008 Lehman crisis, often cited by experts, is the fact that the crisis then emanated from the financial system and then hit the real economy whilst this is just a health crisis hurting the real economy through lockdowns temporarily and in fact that the financial […]
Over the past decade a long held tragic Indian custom, the communal riot, has made a comeback. In parallel, we have now seen protesters on the streets of Hong Kong for most of the past year and now we have the race riots in the US – another country with a tragic history of rioting […]
One of the most interesting aspects of professional life is that whatever skill is currently the rage – the skill that everybody and their parents want to learn – is highly likely to be a commoditised skill five years hence. Conversely, skills which are not just rare today but also are generally harder to acquire […]
An analysis of BSE Smallcap’s performance over CY10-19 indicates that sharper falls (drawdowns) during market downturns and higher frequency of such falls are key reasons for its relative underperformance vs Nifty and BSE500. Therefore, the need to protect capital in a downturn is equally, if not more, important than chasing returns. Put simply, compounding from […]
Despite the lockdown, most people we speak to claim to have busier than normal schedules, thanks to Zoom or the ease of video conferencing in general. However, it turns out it isn’t that easy. People are complaining of ‘Zoom fatigue’. Whilst we no longer have to fight the commute fatigue, the back to back endless Zoom calls are […]
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 […]
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. […]
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 […]
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