What caused the demise of Boeing’s 747 airliner?
Boeing’s 747, also known as the ‘Jumbo jet’, the world’s first wide bodied aircraft will no longer be made after almost 50years since its launch. What led to Boeing ceasing to manufacture the aircraft which was meant to disrupt the airline industry? “Those first jumbos typically carried 366 passengers, compared with around 200 on the […]
The Power of ‘obliquity’
It gives us immense pleasure to share this brilliant piece from R Gopalakrishnan. Partly because the author was featured twice as a guest in Marcellus’ webinars, the second time by popular demand. And also because the article features our guru Sir John Kay, who incidentally happens to be visiting India this week. Mr Gopalakrishnan is a former executive […]
The Premier League is global because it is local
Insightful as ever, the FT’s Janan Ganesh uses the analogy of the English Premier League (EPL) to explain why in a globalised world, affluent people increasingly hanker for “local” experiences (and “local” not just for them but for other people as well i.e. you and I might live in India, but we want to savour […]
The Four Horsemen of the Tech Recession
Technology stocks have begun 2023 with a bang. NASDAQ is up almost 20% and stocks such as Meta (erstwhile Facebook) and Tesla (not necessarily a tech stock) almost doubling from their lows. Whilst despite the bounce, stocks are still significantly below their all time highs, the rally is hard to digest if you are one […]
We’ve always been distracted
This is a long read of great depth by Joe Stadolnikis, an independent researcher, writer, and editor who lives in Chicago. If you read Mr Stadolnikis’ essay carefully, you will get a tour of how over the past 10,000 years, human beings have thought about subjects regarding how we learn to think, how we learn […]
Is There a Persistent Threat of Nuclear Crises Among China, India and Pakistan?
Daniel Markey is Senior Advisor, South Asia Programs at the United States Institute of Peace (USIP). His bio on the USIP website says, “He is also a senior fellow at the Johns Hopkins University’s School of Advanced International Studies (SAIS) Foreign Policy Institute…Dr. Markey is the author of ‘China’s Western Horizon: Beijing and the New Geopolitics […]
Exit Traditional Capitalism, Enter ‘Capitalism Without Capital’
Great franchises in modern India are increasingly defined not by their physical capex & infra investments; rather they are determined by how much and how well they invest in intangible assets and reap non-linear benefits thereof. In the decade ending 2012, approximately 50% of the ten biggest wealth creators in the Indian stock market belonged […]
When ‘Loss Aversion’ Meets ‘Time Horizons’ in Equity Investing
Investors’ decision making is often underpinned by a key psychological trait – loss aversion. As explained by Noble laureate Daniel Kahneman, the result of ‘loss aversion’ is that our pain from losses is more than twice the joy from equal amounts of gain. Juxtaposing this idea to the CCP investing approach discussed in our book […]
The price of ‘sugar free’: are sweeteners as harmless as we thought?
Sugar is increasingly considered to be the most harmful and in some ways addictive of substances we consumer in our daily diet, the most dangerous effects being weight gain and blood sugar levels in diabetics. Increasing awareness among consumers as well as government policy around penal taxation on sugary products have resulted in the sugar […]
Eoin Morgan: ‘In the shorter format, every batter has the ability to play aggressively’
The entire country of England has fewer cricketers than the city of Mumbai. And yet England utterly dominates elite level cricket. The English are the reigning World Champions in One Day cricket and T20 cricket. And arguably they are the best test cricket team in the world at present (as India led by Jasprit Bumrah […]
Mewat women have found freedom online. Men can stare, taunt, misuse pics, they won’t sign out
Last year we wrote about the massive changes taking place in the lives of Indian women as they steadily pull ahead of their male counterparts at every level of the education ladder and also emerge as highly effective entrepreneurs in the digital era – see https://marcellus.in/blogs/educated-employed-and-empowered-the-rise-of-indian-women/. One of the joys of living in India is that […]
Bruce Greenwald on the Future of Value-Oriented Investing
This is a November 2020 interview but pertinent nonetheless. Not just because Professor Bruce Greenwald’s ideas are timeless but this happened when value investing in the conventional sense was considered to be dead and has since staged a comeback. Greenwald is the Founding Director of the Heilbrunn Center for Graham and Dodd Investing at Columbia […]
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