In our world of personal finance advisory, it is often believed that managing investor behaviour adds far greater value than picking the right investments. This is a result of the development of a new field of economics called Behavioral Economics. It is indeed new in the grand scheme of things as this article reminds us […]
Venki Ramakrishnan shared the 2009 Nobel Prize in Chemistry for working out the structure of the ribosome, and is the author of the blockbuster bestseller, “Why we Die: The New Science of Ageing and the Quest for Immortality”. This long piece from him in the Scientific American comes at a time when immortality is turning […]
“People first” is the most overused phrase in business, and the least believed. In our new book, The Art of Enduring, we found that the companies that truly live it share two habits: they empower people (and protect them when bets fail), and they expose people to enough roles to grow them into leaders. Bajaj […]
Most investors chase alpha but good investing is more Test cricket, not T20. Long term wealth creators therefore focus on risk adjusted returns, not alpha. In cricketing parlance, they seek to be more like Dravid rather than Sehwag. Diversifying across the world & across uncorrelated asset classes is a very effective way to generate Dravid-style […]
Recently released documentary about the tennis legend Novak Djokovic – Wolf in Winter is made by Jason Hehir, who shot to fame with his documentary of the Chicago Bulls team of the 90s – The Last Dance. That documentary is considered a lesson in management in many ways. This article argues there is plenty to […]
There is a familiar ritual to Indian industrial policy. A minister announces a bold new scheme, a ribbon is cut somewhere, and a few years later the same announcement is quietly made again as though for the first time. When Nirmala Sitharaman used the 2026-27 budget to propose mega textile parks “in challenge mode”, she […]
One of the great joys of cricket is watching VVS Laxman or Mohammad Azharuddin execute their signature flick shot. A ball is coming in at the stumps, and with a late roll of the wrists, they flick it off the pads through midwicket to the boundary with almost no visible effort. It is not power […]
Marcellus’ Three Longs and Three Shorts newsletter was born out of an informal habit of sharing amongst ourselves what we found as good reads on the internet. In recent years, the likelihood of finding a good one has paradoxically reduced significantly despite or rather because the volume of articles online at the likes of Substack […]
AI bulls believe Artificial General Intelligence or AGI is around the corner. AGI refers to the form of AI which beats human cognitive capabilities across any domain. Whilst AI is already beating humans at certain tasks, the comparison of machine intelligence with human intelligence has sparked a debate on what defines intelligence or cognition in […]
If you are looking for a profound and immersive read on a Sunday morning, this article is it. In fact, this article is about exactly such experiences and why they are central to mental health and healing. Have you noticed how much of modern life now comes with a score attached? “We track our sleep […]
In Breakpoint we showed that India’s middle class has been pulverised — white-collar job creation has stopped, real wages have gone backwards for nearly a decade, and the gap has been plugged with debt. That damage is now visible in the numbers that used to define Indian consumption. FMCG volume growth has fallen from 12% in FY11 to 3% […]
In our new book “The Art of Enduring: How Great Companies Turn Crisis into Opportunity”, Divi’s Labs is one of the five extended case studies. The stock also happens to be one of earliest holdings of Marcellus’ Consistent Compounders Portfolio which owns around 20 high quality Indian companies. CCP’s wealth creation track record since inception […]
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