Unlocking Wealth Creation Through External Capital Allocation – An Underappreciated Phenomenon
Marcellus’ Global Compounders Portfolio (GCP) invests in 25-30 deeply moated global companies listed mostly in developed countries and other global markets. These companies have dominant franchises which benefit from global economic megatrends and rational capital allocation by the management teams running these firms. These elements help the GCP companies drive an annual increase of approximately […]
‘Not here as UK PM but as a Hindu’: Rishi Sunak meets Ramayan ‘kathakar’ Morari Bapu at Cambridge
Nowadays Indians love to talk about the decline of their former colonial rulers, the British. Justified triumphalism about the Indian economy’s superior performance soon gives way to less justified scorning of the liberal values espoused elsewhere in the world. Last week the Indian Express reported on an event in the UK, where the British Prime […]
Investing is the Study of Human Decision Making
In our recruitment of young analysts, the most common reason cited by interviewees for choosing investing as a profession is because they like numbers or the few evolved souls who say they like analysing businesses. Whilst many of us started our careers with similar views, we came around to the view that investing is largely […]
Praggnanandhaa’s journey: What it takes to be a global chess star
Indians had more than one reason this week to celebrate the country’s progress at the global level. Whilst we derived a lot of pride from ISRO’s landing on the moon of our rover – Pragyaan, elsewhere the 18yr old chess Grand Master Praggnanandhaa made it to the final of the FIDE world cup, only losing […]
Elon Musk’s Shadow Rule
Elon Musk will arguably go down as the most influential person of our times. Unlike others who have taken the position of the richest person of the world such as Bill Gates or Jeff Bezos, Musk has spawned off several ventures with the aim to profit from solving real world problems – Tesla, SpaceX, Neuralink, […]
‘If I left, I’d have to go without a word’: how I escaped China’s mass arrests
Friends and relatives from various parts of the world are relaying back to us how Chinese nationals – rich & poor, of Han descent and of Uyghur descent – are fleeing this once vibrant economy. Whilst we try to link these piecemeal narratives of flight with the economic slide of the Chinese economy, Uyghur activist, […]
Indore is now a city of surplus: Porsche, Kulhad pizza, tandoori cold coffee, palace mall
One of the great joys of building Marcellus has been that we get to meet a wide variety of business owners and executives working in India’s thriving Tier 2, 3 and 4 cities. Such encounters give us more colour and texture regarding the specific dimensions along which prosperity is spreading across this vast land. Indore, […]
What India needs is more cricket and less Bollywood
Cricket and Bollywood have been an integral part of most Indian households as the primary sources of entertainment for long now. They are also the common ground on which Indians connect with each other and build a societal bond. Yet, one of them is losing its place, at an alarming pace. Ruchir Sharma draws lessons […]
Drug shortages are a boon to one industry- compounding pharmacies
Friends in the medical profession in USA and American newspapers have been highlighting severe drug shortages in the US. Although it is not clear why these drug shortages have kicked-in, as is usually the case with such shortages, opportunistic suppliers – several of whom are in India – are stepping up to take advantage of […]
Why gig work matters
Maitreesh Ghatak of LSE and Ajay Shah of the NIPFP have consistently been amongst the more rational thinkers regarding economic policy. In this refreshingly practical application of commonsense and economics, Messrs Ghatak & Shah say that there are three reasons why we should welcome the jobs created in India by the gig economy rather than […]
The Burdens of Devotion – Review/Summary of the Book “Exit, Voice and Loyalty”
While people migrate all the time in search of better opportunities, off late there are well to do people leaving their home countries simply because they couldn’t agree with the policies of the establishment. However, some choose to stay back and express their displeasure. The reactions – the former being exit and the latter being […]
Christopher Nolan and the Contradictions of J. Robert Oppenheimer
As Ruchir Sharma points out in one of the short articles this week, the Hollywood movie Oppenheimer raked in more at the box office than the Bollywood movie released the same weekend – Rocky aur Ranii Kii Prem Kahaani. This might seem like not saying much given Bollywood’s dismal streak off late but “Rocky aur…” […]
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