Published on 25 Apr, 2021
Why we’re replacing ‘batsman’ with...
For many of us cricket fans, ESPNcricinfo is right up there among bookmarks on our browser. Whether it is to catch a...
Apr 2021
- Week 4
- Week 3
- Week 2
- Week 1
Short Read
Published on 25 Apr, 2021
India’s Mini-Craze for Bicycling Around the World
Travelling the world to see and appreciate the myriad different experiences, cultures, vistas our planet has to offer...
Published on 25 Apr, 2021
Why GM crops are good for you
Genetically Modified or GM crops have faced significant opposition from farmers and activists alike. In this piece,...
Long Read
Published on 25 Apr, 2021
The Rage of Carson Block
The Reddit-Gamestop saga earlier this year reminded us how short sellers are often frowned upon as if they were up to...
Published on 25 Apr, 2021
Don’t pick up! The rise and fall of a massive indust...
Every week we get inquiries from our clients as to why we don’t set up a tech fund or invest in more tech stocks....
Published on 25 Apr, 2021
Interview: ‘Remdesivir doesn’t save lives – but desp...
Fear and panic trigger irrational behaviour. Truth be told those of us who earn a living in the financial markets...
Short Read
Published on 18 Apr, 2021
Napping in the afternoon can improve memory and aler...
It is a tradition in many societies to have an afternoon nap, most popularised by the Spanish Siesta. Psychology...
Published on 18 Apr, 2021
The rice of the sea: how a tiny grain could change t...
Experts have been warning about an impending food crisis globally as food production struggles to catch up with...
Published on 18 Apr, 2021
The cross-border pitfalls of ‘working from anywhere’
Whilst ‘Work From Home’ has presented to workers and employers alike both benefits and challenges, many of which...
Long Read
Published on 18 Apr, 2021
How People Get Rich Now
Growing wealth inequality is a commonly accepted social issue that is plaguing the world. Some ascribe that to poor...
Published on 18 Apr, 2021
Why animals don’t get lost
The New Yorker is where Pullitzer Prize winning writers like Ms Schulz congregate to bring to you the world’s best...
Published on 18 Apr, 2021
Columbia University students interview John Huber of...
We found this interview with an American fund manager, John Huber, in a newsletter published by the students of...
Short Read
Published on 11 Apr, 2021
Why Indian corporates need to start investing in aut...
The 3L&3S has in the past featured pieces on the importance of diversity in teams at the workplace not just from an...
Published on 11 Apr, 2021
Bernsten: Free Trading Is Like Giving Chainsaws To T...
We would highly recommend the Morningstar’s podcast on personal finance and investing – The Long View which...
Published on 11 Apr, 2021
The Big Lessons of the Last Year
In yet another lucid piece, this time on what should we make of our experiences, Morgan Housel shows how we often draw...
Long Read
Published on 11 Apr, 2021
India’s bankruptcy resolution professionals are unde...
An important aspect of Marcellus’ investment philosophy is avoiding companies with dodgy accounting and we see...
Published on 11 Apr, 2021
Here’s 10,000 Hours. Don’t Spend It All in One Place.
Inspired by David Epstein’s outstanding book “Range: Why Generalists Triumph in in a Specialized World”, last...
Published on 11 Apr, 2021
The spectacular implosion of Neil Woodford, Britain’...
Around twenty years ago when some of us in Marcellus were young brokers in the stockmarket in London, a visit to...
Short Read
Published on 04 Apr, 2021
Be More Realistic About the Time You Have
There’s plenty of self-help material on productivity hacks and how to make the most of our time. Despite everything,...
Published on 04 Apr, 2021
How one of world’s greatest hidden fortunes wa...
Whilst the markets have been concerned about inflationary risks and therefore interest rate increases stalling the...
Published on 04 Apr, 2021
Are You Dreaming Too Big?
Setting ourselves goals to pursue, whether personal or professional, helps give direction to our efforts. But not all...
Long Read
Published on 04 Apr, 2021
5 things you should know about variants
Sample studies of the recent covid surge in India points to several variants of the virus including a localised double...
Published on 04 Apr, 2021
“Play Bigger: The How and Why of Category Design” – ...
“Play Bigger” is both the name of a book published five years ago and the name of a consultancy firm in Silicon...
Published on 04 Apr, 2021
Transforming for Growth: An Evidence-Based Guide
In the aftermath of Covid-19 we have been pleasantly surprised to see that most of our investee companies have...
Mar 2021
- Week 4
- Week 3
- Week 2
- Week 1
Short Read
Published on 28 Mar, 2021
The pandemic has changed the shape of global happiness
An interesting study shows how Covid has affected happiness levels across the globe and across age groups. The...
Published on 28 Mar, 2021
Why a Canal Built in 1869 is More Important Than Ever
The 3L&3S has been featuring pieces about the bottlenecks in global trade caused by container shortages amongst...
Published on 28 Mar, 2021
A high growth plan for Indian agriculture
Several of us in Marcellus have known Ashok Gulati for the best part of the last ten years and whilst none of us are...
Long Read
Published on 28 Mar, 2021
Why bands are disappearing: ‘Young people aren...
In their book The Victory Project, my colleague Saurabh Mukherjea and his co-author Anupam Gupta talk about the...
Published on 28 Mar, 2021
How to be a genius
Craig Wright is a professor at Yale where he teaches a course on “genius” (in the competitive job market these...
Published on 28 Mar, 2021
Too Much, Too Soon, Too Fast
Morgan Housel is on a roll. This is the second consecutive week we are featuring his piece in 3L&3S. This one is a...
Short Read
Published on 21 Mar, 2021
Crawling on campus
Most of us prefer to live our private lives quietly. Some of those who get celebrated for their achievements still...
Published on 21 Mar, 2021
Covid-19 cases are rising again in much of the world
Just when the vaccination drive and the fall in caseload was reassuring us that we may have put the worst of Covid...
Published on 21 Mar, 2021
The heroic employee who stood up to a workplace bull...
We celebrate our heroes, often the glamorous ones celebrated by the world at large. However, there are our everyday...
Long Read
Published on 21 Mar, 2021
How to Balance Hard Work and Pleasure for Happiness
There’s plenty being written these days to cater to our need for an informed pursuit of happiness. As the author of...
Published on 21 Mar, 2021
RBI Bulletin: State of the economy
More than actions, they say, a central bank’s communication has a greater impact on the markets. And every now and...
Published on 21 Mar, 2021
Investing: The Greatest Show On Earth
In this essay Morgan Housel uses two interesting analogies to illustrate that investing is a far more evolved, more...
Short Read
Published on 14 Mar, 2021
The day the growth trade topped
Here’s another piece from the Ritholtz stable, this time from the CEO Joshua Brown, who picks on from where Ben...
Published on 14 Mar, 2021
Some of the adult raja betas and rani bityas of the ...
Recent protests on social and political issues in India have featured many young Indians from well-to-do families. In...
Published on 14 Mar, 2021
Auto companies break gender barriers, hire more wome...
Over the past few years, many of the CEOs of the companies we have invested in have made it clear that they prefer to...
Long Read
Published on 14 Mar, 2021
How to be angry
The title might be a bit misleading. The piece still largely talks about how not to be angry by providing us an...
Published on 14 Mar, 2021
‘I’ve never seen anything like this’: Chaos strikes ...
Over the past six months we have heard several of our clients who run export-import dependent businesses in India...
Published on 14 Mar, 2021
The rich vs the very, very rich: the Wentworth golf ...
Samanth Subramanian has emerged as one of the best young, non-fiction writers of our era. He can take any subject –...
Short Read
Published on 07 Mar, 2021
The Man who Abandoned Value
With the rate at which growth stocks are falling, this article might be past its expiry date. But this is a story of an...
Published on 07 Mar, 2021
How to Stop Overthinking Everything
We all end up making myriad decisions in our daily lives, be it our workplace or matters related to family or home. At...
Published on 07 Mar, 2021
How Does the Stock Market Perform When Interest Rate...
Over the past couple of weeks, the markets globally have been volatile on the back of rising interest rates. Whilst...
Long Read
Published on 07 Mar, 2021
How to have better arguments online
It is perplexing how conversations on social media tend to be a lot more vitriolic than those we experience offline...
Published on 07 Mar, 2021
Fraud and Deception Detection: Text-Based Analysis
Many of us in Marcellus are fans of Jason Voss’ book, “The Intuitive Investor” which explains how meditation...
Published on 07 Mar, 2021
Nodeep Kaur: The jailed activist Meena Harris tweete...
One of the most interesting features of challenges to the established order in India is that these challenges are...
Feb 2021
- Week 4
- Week 3
- Week 2
- Week 1
Short Read
Published on 28 Feb, 2021
The Benefits of Moderate Exercise
Recent years have advocated vigorous physical activity with sufficient recovery periods, such as the High Intensity...
Published on 28 Feb, 2021
Why Cathie Wood is the fund manager of the moment
At Marcellus, we are wary of the size problem in fund management – fund managers after a string of good performances...
Published on 28 Feb, 2021
Why Making Our Brains Noisier Feels Good
There is no doubt growing awareness of mental health issues, accentuated by the onset of the pandemic. As a result, the...
Long Read
Published on 28 Feb, 2021
Why Does the Pandemic Seem to Be Hitting Some Countr...
A recent spike in cases in India notwithstanding, the pandemic’s impact in certain countries such as India has...
Published on 28 Feb, 2021
Priya Ramani – Wikipedia page and the MJ Akbar judge...
Unless you have been in outer space for the past three years, you would have heard about Priya Ramani’s long running...
Published on 28 Feb, 2021
The Road by the Sea
Mumbai is in the midst of an epic infrastructure build with six metro lines being built simultaneously alongside new...
Short Read
Published on 21 Feb, 2021
What happened after a boxer, a revolutionary, a sing...
Earlier this month, several Indian celebrities were criticised for tweeting what seemed like paraphrased messages...
Published on 21 Feb, 2021
Why Immigration Drives Innovation
Research is increasingly demonstrating the benefits of diversity within a team or an organisation, particularly when it...
Published on 21 Feb, 2021
The Science of Reasoning With Unreasonable People
Most of us would have had bitter experiences debating sensitive social and political issues with our friends only to...
Long Read
Published on 21 Feb, 2021
Podcast with Nir Eyal: Mastering Indistraction
The Social Dilemma, a docudrama on Netflix, stirred many a mind on the perils of social media and cellphone addiction...
Published on 21 Feb, 2021
Running From the Pain
This is an interesting case study about how the financial incentives that doctors across the world face has a major...
Published on 21 Feb, 2021
How CMC Vellore Dealt With Shifting Evidence During ...
Independent thought in any profession is hard to build and even harder to sustain especially in a world where social...
Short Read
Published on 14 Feb, 2021
Is there a perfect way to stretch?
Most of us during our school and college days were taught that before you do strenuous exercise, you need to stretch....
Published on 14 Feb, 2021
Don’t Underestimate the Power of a Walk
If you are missing out on your running because your knees are giving way or you are missing out on your tennis game...
Published on 14 Feb, 2021
Interview with Howard Marks: The Biggest Risk Is Ris...
After his remarkable memo last month about the blurring lines between value and growth investing, the legendary...
Long Read
Published on 14 Feb, 2021
The Battery Is Ready to Power the World
The other long read about Elon Musk we feature this week is about the very source of his fortune – batteries that...
Published on 14 Feb, 2021
The Rise and Fall of Bitcoin Billionaire Arthur Hayes
This week we feature two long reads featuring the world’s wealthiest man – Elon Musk. The first has to be something...
Published on 14 Feb, 2021
Will Robinhood Become the Facebook of Finance?
At the beginning (i.e. around a 10-15 years ago), it was institutional investors who realised that they were no longer...
Short Read
Published on 07 Feb, 2021
The Mystery Of India’s Plummeting COVID-19 Cases
As the developed world reels under second and third waves of Covid infections, India’s case count continues to...
Published on 07 Feb, 2021
Superstar Cities Are in Trouble
We have all known people who have decided to move out of big cities for good during pandemic to smaller, quainter towns...
Published on 07 Feb, 2021
The Master and the Fool
Tim Ferriss is best known for his concept of ‘The 4-Hour Workweek’ (and also published book by the same name). His...
Long Read
Published on 07 Feb, 2021
As birth rates fall, animals prowl in our abandoned ...
Several countries around the world are seeing their populations shrink as families choose to have less than 2.1...
Published on 07 Feb, 2021
Jane Street – the top Wall Street firm ‘no one’s hea...
Jane Street is a firm that few of us have heard about. However, this little known firm now plays a critical role in the...
Published on 07 Feb, 2021
Inside the mind of Jeff Bezos
Earlier this week, Jeff Bezos announced that he will no longer be the CEO of Amazon handing over the baton to one of...
Jan 2021
- Week 5
- Week 4
- Week 3
- Week 2
- Week 1
Short Read
Published on 31 Jan, 2021
Why you’re more creative in coffee shops
It is almost a year of WFH (working from home) for many of us. Some of us feel we have become more productive in the...
Published on 31 Jan, 2021
How to be lucky
In his incredibly fascinating book Loonshots, Safi Bahcall discusses how serendipity plays a role in most big...
Published on 31 Jan, 2021
Keith Gill Drove the GameStop Reddit Mania. He Talke...
This week will likely go down in history as the time when the power of the internet shook yet another aspect of our...
Long Read
Published on 31 Jan, 2021
Cipla’s Yusuf K Hamied is India’s medicine man
The success of the Indian IT services industry in outsourcing gave us the adage of being the ‘back-office to the...
Published on 31 Jan, 2021
Only surprise is that anyone can compete with India ...
Greg Chappell is a former Test Cricket legend, a former Australia captain, a former India team coach and a former...
Published on 31 Jan, 2021
The Unauthorized Story of Andreessen Horowitz
Last year when we invested in a listed asset management firm in India, our analysts produced data showing that there is...
Short Read
Published on 24 Jan, 2021
The secrets of successful listening
Irrespective of our profession, most of us are in effect selling something (including ourselves) to someone or in other...
Published on 24 Jan, 2021
Stop Keeping Score
This is a lovely short piece from Arthur Brooks on how to set proper goals in life that can sustain our motivations....
Published on 24 Jan, 2021
From Hawick to Hawick: The story of The Economist fo...
It is that time of the year when market participants and the media alike go beserk making predictions about the Budget...
Long Read
Published on 24 Jan, 2021
Inflation Will Come Back With a Vengeance
Financial markets, particularly those in risk asset classes such as equities, both developed and more so emerging...
Published on 24 Jan, 2021
How to harness brain science for a better life, expl...
Lisa Feldman Barrett is a giant in the field of psychology. “Her pioneering research in neuroscience has landed her...
Published on 24 Jan, 2021
Siraj, the hero we need to be
At some point in our lives, most of us have been bullied and/or abused about a specific aspect of our identity. It...
Short Read
Published on 17 Jan, 2021
SPACs and Capital Structure Arbitrage
The late Paul Volcker famously said that the only innovation of true economic value coming out of the financial...
Published on 17 Jan, 2021
Bruised and abused, Indians make their own luck at t...
A match analysis wouldn’t make it into the 3L&3S generally but this one is special. It is special for more...
Published on 17 Jan, 2021
How to Stop the Negative Chatter in Your Head
The pandemic has brought to fore issues around mental health. There’s plenty of research that’s now available for...
Long Read
Published on 17 Jan, 2021
Something of Value
Despite being an investment house, we wouldn’t want to make the 3L&3S all about investing as we believe as...
Published on 17 Jan, 2021
Waiting for the last dance
GMO is one of the most respected asset managers from the ‘value investing’ school. In this piece GMO boss, Jeremy...
Published on 17 Jan, 2021
To ‘Keep Sharp’ This Year, Keep Learning...
As many of us head towards the first anniversary of the lockdown, this podcast with Dr Sanjay Gupta, neurosurgeon at...
Short Read
Published on 10 Jan, 2021
“I have nothing to hide. Why should I care about my ...
Most WhatsApp groups are now buzzing with debates about whether to continue with WhatsApp or migrate to an alternate...
Published on 10 Jan, 2021
Finding time for creativity will give you respite fr...
Through the pandemic driven lockdown months, many of us have ourselves or know people who have found hidden talents or...
Published on 10 Jan, 2021
Long-term ≠ ∑ Short-terms – Complex systems ar...
At Marcellus, we keep reiterating and reinforcing to ourselves the need to stay focused on the long term and therefore...
Long Read
Published on 10 Jan, 2021
Interview with Toby Lütke, Founder and CEO of Shopify
Shopify, a Canadian e-commerce platform company valued at c.$150bn has an interesting business model. Unlike Amazon it...
Published on 10 Jan, 2021
How two websites have transformed the way India is r...
It is commonplace these days to hear that mainstream media in India has been captured by political and corporate...
Published on 10 Jan, 2021
How Civilization Broke Our Brains
This piece brings together a fine writer, Derek Thompson, and a really interesting book that goes to the heart of the...
Short Read
Published on 03 Jan, 2021
Should You Buy An All-Time High? – Of Dollars And Data
To wrap up the first edition of 2021, we feature a second piece from the Ritholtz stable – Nick Magguilli’s blog on...
Published on 03 Jan, 2021
Stripe wants to be a one-stop shop for small business
India’s most valued unicorn, Paytm happens to be a fintech, in particular a payments company. As the world turns...
Published on 03 Jan, 2021
A Short History of Chasing The Best Performing Funds
Past performance is not an indicator of future returns is a disclaimer well worth it as data shows very little...
Long Read
Published on 03 Jan, 2021
The real Lord of the Flies: what happened when six b...
Last week, we featured a piece that talked about how human beings are evolutionally wired to be good as acts of...
Published on 03 Jan, 2021
The Tim Ferriss Show Transcripts: Jerry Seinfeld — A...
Jerry Seinfeld created with Larry David the most successful TV comedy serial ever, “Seinfeld”, which ran for nine...
Published on 03 Jan, 2021
Fluid Thought: The Art of Exploring Without Expecting
We start the New Year with two contrasting pieces on creativity. The first piece argues against the sort of process...