It is tragic on the one hand to see the historic India-Pakistan cricketing rivalry wane partly due to the rarity of the matches but also India’s distinct supremacy over the past decade or so. On the other hand, fortunately, India’s strides have meant that the India-Australia rivalry has been an equally good replacement if not […]
Dr. M. Govinda Rao is one of modern India’s greatest economists. The former Director of the National Institute of Public Finance & Policy now lives on the outskirts of Bangalore and understands the Indian economy better than 99% of India’s economists and C-Suite executives. In this column for the Business Standard, he draws our attention […]
In this fascinating piece, Molly Gorman & William Park describe how Europeans have been flirting and propositioning each other over the past couple of centuries. The remarkable thing is that not much has changed over those five centuries. 18th century England is where the idea of a “marriage market” i.e. a market where men & women […]
Summary: Build relationships with a broad range of people especially people who are outside your community and/your comfort zone. [To find out what the Ten Commandments of Indian Entrepreneurship are, please click here: https://marcellus.in/blogs/the-ten-commandments-of-entrepreneurship-in-india/] “You can make more friends in two months by becoming interested in other people than you can in two years by trying […]
Global Compounders Portfolio (GCP): June was a constructive month for the portfolio and the broader index. However, the portfolio underperformed the index by approximately 190 bps, as markets were led higher by a sharp rebound in a handful of large-cap semiconductor names—despite elevated valuations. In contrast, our more defensive holdings, including Waste Connections, Berkshire Hathaway, […]
The title might sound like an extreme case of pronatalisim – a policy that supports higher birth rates. But it is on the rise across the world – from Chief Ministers of South Indian states to Donald Trump himself – governments are exhorting people to have more babies. “In some parts of Russia, schoolgirls who […]
Warren Buffett attributes his success to his ovarian lottery – the fact that he was born in America, well captured in his now famous quote “Never bet against America”. This essay by Marc Rubenstein details this brilliantly – “Today, the US accounts for 4% of the world’s population, 27% of its GDP and 60% of its market […]
As Hindustan Aeronautics Ltd valiantly tries to commission a fighter jet it has been working on since 1971, China’s fighter jet program threatens to pull ahead of America’s. That should be of interest to us not least because China sells these same fighter jets to Pakistan. Sana Hashmi writes for The Print: “A recent China […]
No other technology in history came close to being the most broad-based disruptive threat for so many industries as much as AI. Hence, this essay from Steve Blank is a timely reminder for company managements and investors alike. Blank uses Clayton Christensen’s disruption model, beautifully illustrated in his brilliant book “Innovator’s Dilemma” to take us through the […]
We have all been there – on calls to customer service agents of banks or airlines or widget manufacturers or government departments; calls on which we are kept “on hold” for hours and then when we finally get to speak to an agent, we are presented with a complication or some sort of pre-qualification process […]
If you think your job is stressful you should try being a professional tennis umpire. This riveting long read in The Guardian from William Ralston first gives you a brief history of how paid full time professional umpires were created in the mid-80s to referee tennis matches (after things had crazy over the previous decade […]
Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-35 deeply moated global companies aligned with megatrends which aid the delivery of mid-to-high teens compounding of free cash flow/earnings. To identify such compounders, one of the markers that we look for is the amount of value companies are able to capture from broader opportunities. This is […]
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