Curated Collections Archives

Strategy Series

Our articles specific to the six investment strategies we offer. Whether you invest with us or are looking to invest, these
articles can you give you an insight into why we make the decisions we make.

Curated Collections

How Volatile Funds Cost Investors Dear

High volatility in an equity portfolio creates zones of ‘excitement’ and ‘fear’ based on recent performance. This adversely affects the quality of decision making by equity investors. As a result, historically, investor returns in Indian equity funds have been lower than fund returns across different periods. Similarly, a recent example from the US – NYSE […]

Curated Collections JAN 03 . 8 MIN READ

The Benefits of Timing are Inversely Correlated with the Quality of Fundamentals

Curated Collections DEC 01 . 8 MIN READ

CCPs use more ‘S-curves’ to elongate their fundamental compounding

Curated Collections NOV 02 . 17 MIN READ

The Path to Consistent Compounding is Paved with Free Cashflow

Curated Collections

How Volatile Funds Cost Investors Dear

Feb 01 . 6 MIN READ READ MORE

Curated Collections

The Benefits of Timing are Inversely Correlated with the Quality of Fundamentals

The rate at which fundamentals of a company compound (and hence its share price) over the long term is inversely correlated with the quantum of benefit that an investor can achieve by perfectly timing her purchases at the bottom of the share price trajectory. Moreover, for a portfolio consisting of high-quality companies, benefits from a […]

Jan 03 . 8 MIN READ READ MORE

Curated Collections

CCPs use more ‘S-curves’ to elongate their fundamental compounding

Value addition from every initiative undertaken by a company follows an ‘S-curve’ with three parts to it – the investment phase, the growth phase and the fade period. The fundamentals of the overall company are a consolidation of ‘S-curves’ of all initiatives. There are several limiting factors to every initiative such as addressable market size, […]

Dec 01 . 8 MIN READ READ MORE

Curated Collections

The Path to Consistent Compounding is Paved with Free Cashflow

There are four key drivers of free cashflow in a business – revenue growth, profit margins, working capital efficiency, and asset turnover. The order of importance across these four drivers differs across businesses. As Marcellus’ CCP companies invest in technology to improve operational efficiencies, those companies that sell day-to-day essentials to their customers whilst avoiding […]

Nov 02 . 17 MIN READ READ MORE

For more content on our strategy, visit the archives

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The Gold List

The best collections from the Marcellus Library

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Amidst high input cost inflation, pricing power protects margins & market share of CCPs

Mar 10, 2022 WATCH NOW

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Arvind Kapil, R Lakshminarayan & Anjani Rathor – Imp of Tech as a source of competitive advantage

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Fireside Chat with Padma Shri Awardee & former CFO and Board Member of Infosys – Mohandas Pai

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