Portfolio performance and Update on Fundamentals – June 2024
*For relative performance of particular Investment Approach to other Portfolio Managers within the selected strategy, please refer https://www.apmiindia.org/apmi/WSIAConsolidateReport.htm?action=showReportMenu Under PMS Provider Name please select Marcellus Investment Managers Private Limited and select your Investment Approach Name for viewing the stated disclosure Consistent Compounders Portfolio (CCP) Businesses with strong competitive advantages (and hence high ROCEs), can be categorized into […]
Short read: Frank Duckworth dies: How his DLS method works
Arguably, the game of cricket lends itself to statistical analysis more than any other sport. Hence, it is no surprise that a statistician has had a significant influence on the game as it is played today. We are talking about Frank Duckworth, who passed away last month. Duckworth, a member of the Royal Statistical Society […]
Short read: AI’s $600B Question
The boom in Generative AI is real if Nvidia’s shares are anything to go by. Indeed, Nvidia became the largest company on the planet by market cap briefly last month, its market cap rising ten times in a year and a half to over $3trn. It is not just its market cap but also its […]
Short read: Why India’s food norms fail to detect pesticide in spices
Did you know that “Indian laws do not mandate that spices sold in domestic market be tested for any pesticide residue”? We didn’t know this either until we read this informative piece by Tabassum Barnagarwala. As many of us have learnt over the past couple of months regulators in various countries (UK, Singapore, Hong Kong, […]
Long read: The Right Kind of Stubborn
Last week, we featured a piece trying to help us distinguish between real experts vs imitators amongst people we encounter in our lives. Here’s another piece helping us distinguish between two kinds of stubborn – one the helpful kind or persistent, the other not so useful, the obstinate. And to help us clarify our thinking […]
Long read: China’s vanishing banks are threatening social stability
Harshad Shah is a Chartered Accountant with an independent practice in India. We don’t know him personally but this long & hard hitting blog from Mr Shah was brought to our attention by a switched on civil servant in Delhi. Whilst we are not in a position to verify the facts & figures cited in […]
Long read: The sperm whale ‘phonetic alphabet’ revealed by AI
One of the most visibly positive results of the proliferation of AI is the manner in which it is helping us humans decode the languages of animals. Sperm whales are the latest species to have their language decoded by various groups of scientists in Europe and America thanks to AI. As Katherine Latham and Anna […]
Short read: Experts vs. Imitators
This article is adapted from Shane Parrish’s brilliant book “Clear Thinking: Turning Ordinary Moments into Extraordinary results”. With the advent and explosion of the internet and the blogosphere, access to content has become ubiquitous and we get exposure to a whole host of topics. And often we feel like we are experts in those, despite […]
Short read: Why BYD’s Wang Chuanfu Could Be China’s Version of Henry Ford
The company at the leading edge of the electric car revolution may no longer be Tesla as the Chinese EV maker BYD is set to become the world’s largest this year. And it could well be because unlike Tesla’s iconoclastic leader Elon Musk whose attention is smattered across solving many of humanities’ problems, the BYD […]
Short read: Why scientists think they may finally have found a way to recycle clothes
Did you know that it is actually impossible to recycle clothes? As a result, when we dump our old clothes, they either go into a landfill or have to be burnt. Either way, it is not a pretty situation. Now, however, things might change for the better. Nicolas Rivero’s article says “…scientists are coming up […]
Long read: The Decline and Fall of the Petrodollar?
There has been increasing talk of global trade, especially oil, moving away from being priced in US dollars thereby ending the American monetary hegemony. This piece gives a bit of historical context to why ‘petrodollars’ exist in the first place and why it isn’t going away anytime soon. “Although “petrodollars” refers simply to oil priced […]
Long read: The search for the random numbers that run our lives
On a given day, most of us end up entering at least a couple of OTPs into our devices. These OTPs are examples of how random numbers now run our lives. And yet these random numbers are not easy to generate. In this thought provoking piece Chris Baraniuk explains why that is. Part of the […]
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