Nalanda Capital is one of the most successful investment firms that have come up in the last couple of decades and one that has been an inspiration and source of learning for many of us at Marcellus. Anand Sridharan, an investor at Nalanda writes an entertaining yet enlightening blog on LinkedIn. This one, as the title says, […]
Earlier this week, we published a blog about the rising concentration of profits in India amongst a handful of companies – the 20 most profitable firms in India now generate 70% of the country’s profits, up from 14% thirty years ago. In response, one of our readers shared this piece from Mckinsey which shows similar findings from […]
The proliferation of the blog scene has thrown several interesting writers but few can combine original thought and content with an equally strong ability to articulate in prose. David Perell is one of them. Indeed, David takes an online course on writing. In this passionate blog on how our rigid education systems have created unhappy kids who […]
This long read from The Guardian encapsulates all that is right about global capitalism (eg. lightning fast responses to business opportunities and human needs which can be monetised) and everything else which gives it a bad name (eg. the ever pressing need to loot the needy). Samanth Subramanian explains that even now nobody is clear […]
The greatness of the New Yorker lies not just in writing well researched articles on well known people (eg. Yuval Noah Harari on whom the New Yorker published a brilliant cover story a few months ago) but also in the magazine’s manifest ability to write carefully crafted pieces about important but less celebrated people eg. […]
The 20 most profitable firms in India now generate 70% of the country’s profits, up from 14% thirty years ago. The rise of India’s networked economy (highways, cheap flights, broadband, GST) has allowed large, efficient firms to use superior technology & better access to capital to squash smaller competitors. In line with what is being […]
Just earlier this week, the FT’s Alphaville wrote about ‘Introducing, the Disney Park Indicator’ as ‘the ultimate economic indicator of whether the world has returned to its 2019 “normality”’ – citing that ‘a visit to Disney, and in particular Florida’s Disney World, requires that a consumer does everything they’re not doing right now’. Going to Disney is an expensive affair (avg […]
Bruce Greenwald is a professor at Columbia University’s Graduate School of Business and the author of the books Value Investing: from Graham to Buffett and Beyond and Competition Demystified: A Radically Simplified Approach to Business Strategy. The blog cites a recent podcast with him where he highlights why value investing as it has been traditionally understood (buying low […]
Here’s one piece which highlights the merits of active investing and yet shows why it is so hard to generate alpha. Baillie Gifford, a Scottish investment management firm pursues strong collaborative ties with the academia to stay ahead of the curve. In one such piece, James Anderson, a partner at BG, writes about research from […]
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