This well written article says that American corporations are spending trillions of dollars to repurchase their own stock. “The practice is enriching CEOs—at the expense of everyone else.” It wasn’t always thus – buybacks are a recent fad. “Before the 1980s, corporations rarely repurchased shares of their own stock. When they started to, it was […]
Published on:7 August, 2019 The Government of India allowed Marcellus to incorporate as a private limited company on 7th August 2018. We have enjoyed serving our 500 clients – in India and abroad – over the past year. We thank our clients for their support and aim to continue compounding their wealth for many years to […]
Page’s promoters have used their experience in the Philippines to fortify Page’s moats around: a) product differentiation based on in-house manufacturing in a labour-intensive industry; b) aspirational brand recall using Caucasian models in high-impact advertising campaigns; and c) IT investments and control on the distribution channel to manage a wide spectrum of products. Whilst these […]
Published on:30 July, 2019 Indian NBFCs are struggling not because of lack of liquidity in the system but because the money market has lost faith in most NBFCs’ balance sheets and in the credit rating agencies’ ratings. Hence rather than cutting CRR/SLR/repo rate, the RBI should vet the balance sheets of the NBFCs and make […]
Author: Jim Carlton Source: The Wall Street Journal (https://www.wsj.com/articles/instagram-turns-obscure-u-s-sights-into-social-media-destinations-11562410801) Internet and internet companies like Instagram, Facebook, etc have made access to data/information very easy and have helped people across the world come more close. People are sharing their information on a real time basis and one of the unexpected beneficiaries out of it is the […]
Author: John Naughton Source: The Guardian (https://www.theguardian.com/commentisfree/2019/jul/14/the-networker-customer-data-liability-not-asset-british-airways-ico-fine-leak-marriott-hotel-group) Oil, which was once considered as indispensable to the economy is witnessing a reversal of fortune. Environmental costs of digging up and burning oil have forced humans to look for renewable sources of energy and now talks are when will renewable source of energy will overtake oil. Countries […]
Author: Faye Flam Source: Bloomberg (https://www.bloombergquint.com/opinion/save-on-drug-costs-by-identifying-the-pills-that-don-t-work) It turns out that most of the drugs we pay for don’t actually work very well. To make matters worse, they actually have negative side effects! “Buried among the mediocre drugs are a few that do add years of life or alleviate significant suffering. Clarifying which ones really are […]
Author: Allison Schrager Source: The Scroll (https://scroll.in/article/928505/an-economist-walks-into-a-brothel-and-comes-back-with-lessons-in-financial-risk) Central to our investment philosophy is the idea of reducing risk to the extent we can, as elaborated in our blog “Crushing risk is more rewarding than chasing returns”. Allison Schrager, an economist and journalist has delved deep into the world of risk in her book “An Economist […]
Author: Isaac Asimov Source: MIT Technology Review (https://www.technologyreview.com/s/531911/isaac-asimov-asks-how-do-people-get-new-ideas/) A 1959 essay by Isaac Asimov about Creativity -what makes creative people succeed, how to identify people with a creative bent of mind, how to form a team of creative people and how to incentivise such teams. From creating new art forms to new scientific discoveries, the […]
Author: Margaret Morris Source: Fivebooks.com (https://fivebooks.com/best-books/how-to-use-technology-margaret-morris/) Psychologist Margaret Morris talks about the five books that shaped her approach to technology. These books are: · The Saturated Self by Kenneth Gergen; · The Stories We Live By: Personal Myths And The Making Of The Self by Dan McAdams; · How Emotions Are Made: The Secret Life […]
(Pictured above: The Panchachuli peaks photographed from Saurabh’s decrepit phone) Published on:23 July, 2019 As investment managers, can we morally justify earning healthy returns year after year from investing in companies which generate supernormal returns from monopolising the sale of essential products to millions of Indians? The Mahabharata provides guidance on this troublesome ethical question. […]
Author: Rohit Brijnath Source: The Mint (https://www.livemint.com/mint-lounge/features/the-generosity-of-true-sportsmen-1563513345806.html) Just as last Sunday’s double sport madness in London culminated with the insane end to the cricket world cup finals and the rivetting five-setter Wimbledon men’s singles finals, one could crave for how Rohit Brijnath, one of the best writers of sport prose, capture this on paper. Unsurprisingly, […]
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