Short read: Which Type of Investor Are You?
In a recent discussion with a client, we were reassuringly told that whilst there is always scope to learn as an investor, we should remain true to the sort of investment philosophy we most identify with. We couldn’t agree more. But how does one know what type of an investor they are? Here’s a simple […]
Short read: The Thin Line
The Collab Fund is known for its brilliant blog posts from the prolific Morgan Housel. Every once in a while, they feature an equally insightful guest post from Ted Lamade. This one is about the seemingly impossible trade-off in investing between conviction and humility, as the blog’s title suggests ‘The Thin Line’. Lamade begins with […]
Short read: You’re never too old to start exercising – just ask a 93-year-old rowing champion
Dr Peter Attia is a Canadian physician who has made a name for himself thanks to his lucid books, blogs and talks on longevity. In this blog he & Dr Kathryn Birkenbach use the example of a 93-year old man – who recently took to exercise – to underscore how positively exercise influences our bodies: […]
Long read: Young India’s luxury dream
India is becoming an alternative to China in more ways than one – an investment destination for western allocators to a sourcing avenue for companies in the west. Now the crack down on luxury spending in China, the world’s fastest growing luxury market over the last decade by far, is coinciding with a nascent boom […]
Long read: The strange survival of Guinness World Records
Many of us in Marcellus grew up with a well-thumbed copy of Guiness Book of World Records (now called ‘Guiness World Records’) in our school bag because it was useful for adjudicating disputes on the school bus on important questions like ‘Who has longest nails in the world and how long are said person’s nails?’ […]
Long read: Book review of ‘How China Became Capitalist’ by Ronald Coase & Nina Wang
The late Ronald Coase (1910-2013) was one of the most influential economists of the post-World War II era thanks to his insights on how defining property rights tightly and creating high quality legal institutions for monitoring & enforcing those rights could transform economic outcomes for the better. He was awarded the Nobel Prize in Economics […]
Global Compounders Portfolio: Resilience Amidst Chaos
Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash flow/earnings. Amidst an increasingly uncertain global macro landscape, our proprietary Torque based positioning favors defensive stocks that deliver higher than GDP growth with low earnings volatility – as […]
The Polarization of Corporate Profits in India is Reducing
In the decade running up to Covid-19, corporate profits were increasingly polarized in India i.e., the top 20 listed companies accounted for an ever-larger share of India Inc’s profit pie. However, since FY21 the picture has changed as smaller companies have begun to grow their profits faster than the top 20 listed companies. This […]
Short read: At 43, why the Rohan Bopanna show has only begun
Last weekend was a super one for the world of sport for exactly the reasons why we love sport – a demonstration of resilience and fighting against the odds. We saw two legends of basketball Lebron James and Stephen Curry do what they do best in a last second thriller between the Lakers and Warriors. […]
Short read: Why Germany is rich but Germans are poor and angry
Income and wealth inequalities have been ascribed to the ill effects of capitalism. But it has reared its ugly head in the unlikeliest of places – Germany. “For much of its postwar history, Germany was a beacon of prosperity and political stability. Now its economy is stagnating, and social harmony has given way to acrimony […]
Short read: Covid-19 Continued To Kill Even Months After Patients’ Supposed Recovery
Over the past couple of years, several of us have seen in our personal lives seemingly healthy people drop dead from a massive cardiac arrest. Now research- in India and beyond – is showing that these deaths are in all likelihood related to the aftereffects of Covid-19: “….a study by the Indian Council of Medical Research […]
Long read: Jamie Dimon’s $4 Trillion Machine – He made JPMorgan Chase the biggest bank in the world. What is it, exactly?
Banking is meant to be a boring business. Yet, there is clamour from corporate houses to get a banking license and history is strewn with stories of banks going out of business, some because of fraud but most due to greed. In this context, it is worth understanding the banker at the helm of the […]
For more content on our strategy, visit the archives GO TO ARCHIVES