Published on 30 Jan, 2022
Early concepts of intimacy: Young humans use saliva sha...
How babies and young children learn about the world around them has been a fertile and fascinating area of research...
Published on 30 Jan, 2022
How babies and young children learn about the world around them has been a fertile and fascinating area of research...
Published on 30 Jan, 2022
At Marcellus, we remain keen observers of social change because far more the GDP growth or the prognostications of...
Published on 30 Jan, 2022
Nick Maggiulli’s from Ritholtz explains in this piece why cushy jobs i.e. jobs where you have to do very little and...
Published on 30 Jan, 2022
Ever since it was created in the early 1990s, the English Premier League (EPL) has had a seedy underbelly wherein black...
Published on 30 Jan, 2022
Since every week Mon-Fri, we remind our clients why great companies can sustain their competitive advantages for...
Published on 30 Jan, 2022
Tea-time chats in our team have, for many years now, focused on the latest annual reports of India’s most corrupt...
Published on 23 Jan, 2022
A couple of years ago we published a book called “The Victory Project: Six Steps to Peak Potential in which we...
Published on 23 Jan, 2022
The previous piece segues into this piece. Coming from the editor of Science, the most authoritative of scientific...
Published on 23 Jan, 2022
In this day and age of unrelenting hype around cryptocurrency, it is easy to lose sight of some basic facts. In this...
Published on 23 Jan, 2022
Vladimir Putin is going eyeball-to-eyeball with America and Western Europe in Ukraine and this article in Atlantic...
Published on 23 Jan, 2022
You might want to have a strong drink before you read this hard hitting piece in The Guardian. This long read comes...
Published on 23 Jan, 2022
If you are investing in tech companies you should read “The Platform Delusion”. You might disagree with some of the...
Published on 16 Jan, 2022
The rise of artificial intelligence has raised concerns that as computers get smarter they will replace humans in most...
Published on 16 Jan, 2022
Mostly one would have brushed aside the NFT mania as yet another bubble humanity has created and will eventually burst...
Published on 16 Jan, 2022
Not everything can be explained by numbers. In recent times, two eminent academics, one a Nobel laureate – Robert...
Published on 16 Jan, 2022
We began 2021 with perhaps one of Howard Marks’ most remarkable memos – Something of Value, where the great man...
Published on 16 Jan, 2022
In this superb guest post for the Collaborative Fund, Ted Lamade explains – using examples from sports and business...
Published on 16 Jan, 2022
Last week, we learnt that the municipal corporation in Mumbai has ordered schools to remain closed for another six...
Published on 09 Jan, 2022
When we look back on 2021, most of us look back with a feeling of gloom. The devastating second wave of Covid-19 was a...
Published on 09 Jan, 2022
Many of us parents with teenage children often worry about how much time is ok for our kids to be on video games. The...
Published on 09 Jan, 2022
Just when we thought we had put the pandemic behind and begun to get on with our lives, Omicron has put the question...
Published on 09 Jan, 2022
Many of us struggle to learn new things after a certain age or deal with complex systems outside of our core domain....
Published on 09 Jan, 2022
Those of us in Marcellus who spent our twenties and thirties burning the midnight oil realised in the middle our...
Published on 09 Jan, 2022
Chest thumping nationalism has become popular in many countries over the past decade. Whilst such nationalism becomes...
Published on 02 Jan, 2022
This piece is a counter of sorts to this week’s Long Read 3 about how tech is taking over geopolitics, at the core of...
Published on 02 Jan, 2022
We have featured pieces of and by Peter Thiel (‘Zero to One’ being one of the key reasons to start Marcellus) in...
Published on 02 Jan, 2022
Over the past year or so, we have enjoyed reading several pieces by investor Anand Sridharan. In this piece, Anand...
Published on 02 Jan, 2022
The digitalisation of the world, accelerated by the pandemic has meant that Silicon Valley is not only home to the...
Published on 02 Jan, 2022
Many of us were told by our teachers and our parents through our early teens to master chess because it forces you to...
Published on 02 Jan, 2022
What Rahul Dravid is to the world of batting – a legend who reimagined what it means to win matches for India with...
Published on 26 Dec, 2021
Many sports are witnessing their current best players staking a credible claim on the GOAT (Greatest Of All Time) tag...
Published on 26 Dec, 2021
Elon Musk is the Time magazine’s ‘Person of the Year’ and who better to write about it than Walter Isaacson....
Published on 26 Dec, 2021
A couple of weeks ago we featured a piece by Edward Chancellor on climate change which ended on a bit of a worrying...
Published on 26 Dec, 2021
The world of venture investing is going through its best ever period in history helping create businesses disrupting...
Published on 26 Dec, 2021
In India, we are seeing a clutch of VC funded start-ups and large corporate funded efforts to become a supplier to the...
Published on 26 Dec, 2021
These two books were published around 18 months ago but what has transpired in these 18 months makes it highly likely...
Published on 19 Dec, 2021
India is going through a bull market of sorts for entrepreneurship with one of the most vibrant start-up ecosystems....
Published on 19 Dec, 2021
A couple of years ago, our colleague Tej Shah wrote a blog What comes first – Strategy or Structure? arguing why...
Published on 19 Dec, 2021
In our newsletters, blogs and 3L&3S, we have attempted to understand and bring to light the power of network...
Published on 19 Dec, 2021
Few industries as large as the global automobile industry have been through the sort of disruption electric vehicles...
Published on 19 Dec, 2021
Over the past couple of years we have highlighted the powerful ideas of the French philosopher Rene Girard who created...
Published on 19 Dec, 2021
Before we set up Marcellus’ shopfront three years ago, we studied the work that the wealth managers at Ritholtz had...
Published on 13 Dec, 2021
Investing is no rocket science. It rarely requires superior technical skills to succeed. It is more behavioural. This...
Published on 12 Dec, 2021
The last three UEFA Champions League Titles have all been won by teams with German coaches – two of them being...
Published on 12 Dec, 2021
A few weeks ago, the 3L&3S featured a podcast with Sequoia partner Roelof Botha on its decision to change their...
Published on 12 Dec, 2021
Tesla has been a game changing force in more than obvious ways. It is a trillion dollar company no doubt but as this...
Published on 12 Dec, 2021
This long piece Edward Chancellor reframes the clean energy debate in a new, and unfortunately more worrying, way....
Published on 12 Dec, 2021
When we were growing up as analysts in the early years of this century, we used to read and re-read Terry Smith’s...
Published on 05 Dec, 2021
There is always an element of luck in everything we do. But in the field of sport sometimes the role of luck might seem...
Published on 05 Dec, 2021
At Marcellus, we often remind ourselves that the larger purpose of investing is beyond just generating returns or...
Published on 05 Dec, 2021
Whilst it is early days for us to have a definitive view on the new Covid variant – Omicron, we are all eager to know...
Published on 05 Dec, 2021
“When I see memos from Howard Marks in my mail they’re the first thing I open and read” is an oft cited quote...
Published on 05 Dec, 2021
One of the most frustrating things about studying Economics is that has no conception of entrepreneurship because in a...
Published on 05 Dec, 2021
At Marcellus, we have a large position in Page Industries, the Indian franchisee of Jockey undergarments. We have...
Published on 28 Nov, 2021
The unprecedented amount of monetary and fiscal stimulus in the developed world has not only pulled the global economy...
Published on 28 Nov, 2021
The role of the CEO has always been demanding. But with changing times, it has only become tougher, says this piece in...
Published on 28 Nov, 2021
The emergence of smartphones had already increased the amount of time we spend staring at screens even before the...
Published on 28 Nov, 2021
Jeff Bezos reportedly said that the easiest way to eliminate competition is by prolonging your time horizon of focus,...
Published on 28 Nov, 2021
You don’t have to be environmentally minded to hate throwing away stuff. Common sense suggests that discarding phones...
Published on 28 Nov, 2021
If you have passion, purpose and the courage to walk down the path less trodden, the internet gives you ways to the...
Published on 21 Nov, 2021
Some of us are fortunate enough to continue playing amateur sport well into our 40s and can relate to this delectable...
Published on 21 Nov, 2021
Arthur Brooks is a Harvard professor on leadership and also hosts a podcast series titled How to Build a Happy...
Published on 21 Nov, 2021
At Marcellus, we look for three characteristics in companies before investing – clean promoters (being fair to...
Published on 21 Nov, 2021
Albert Einstein is often attributed with the quote of compounding being the eighth wonder of the world. Wonder, because...
Published on 21 Nov, 2021
Whilst growing up, almost all of us learn from books written by the previous generation. In fact, in India it is...
Published on 21 Nov, 2021
We have a significant stake (by our standards) in Dr Lal Pathlabs and have as a result had the good fortune to meet the...
Published on 14 Nov, 2021
Euthanasia or ‘assisted dying’ as it is called these days is becoming legal in more and more countries. Liberals...
Published on 14 Nov, 2021
We have featured pieces on the Metaverse in recent months, about what they mean by it and what implications it may have...
Published on 14 Nov, 2021
The dreaded inflation print is out. Earlier this week, the US Labor department reported that Consumer Price Inflation...
Published on 14 Nov, 2021
The venture capital industry has never had it better. The last three decades has seen technology led disruption of long...
Published on 14 Nov, 2021
The world over, journalism has lost the prestige that it used to enjoy in the previous century. Whilst in this piece...
Published on 14 Nov, 2021
Over the past 20 years Peter Thiel has been one of the most unusually influential figures of our era of technological...
Published on 07 Nov, 2021
Author: Monica Chin Source: The Verge...
Published on 07 Nov, 2021
Authors: Robin Wigglesworth Source: The Financial...
Published on 07 Nov, 2021
Author: Derek Thompson Source: The Atlantic...
Published on 07 Nov, 2021
Author: Morgan Housel Source: Collaborative Fund...
Published on 07 Nov, 2021
Author: Parul Sehgal Source: New Yorker...
Published on 07 Nov, 2021
Authors: Miles Johnson and Jamie PowellSources: Financial Times...
Published on 31 Oct, 2021
Good old physical bookshops have been shutting down across the world, partly driven by the convenience of buying online...
Published on 31 Oct, 2021
Cadbury ads have always invoked emotions of warmth with a social messaging underpinning it, especially the ones around...
Published on 31 Oct, 2021
With the recent FOMC minutes revealing that the Fed is ready to taper, thanks to the persistently high inflation much...
Published on 31 Oct, 2021
The Korean TV series, Squid Game is already the world’s most popular TV series with Netflix making almost a billion...
Published on 31 Oct, 2021
Whilst there are many privileges to being a Marcellus employee, one of the most tragic aspects of our job is watching...
Published on 31 Oct, 2021
The former Chairman of SBI, Rajnish Kumar, has written an interesting book recounting the highlights from his stint at...
Published on 24 Oct, 2021
The sale of Air India (back) to the Tatas is likely to go down as an epic moment in India’s political economic...
Published on 24 Oct, 2021
The eternal debate of work vs leisure has attained greater proportions during the pandemic. The 3L&3S has featured...
Published on 24 Oct, 2021
As it is, the first question in a client pitch is our thoughts on how the market is likely to pan out in the near...
Published on 24 Oct, 2021
The semiconductor industry, which touches every aspect of our lives now – from cars to electronic gadgets to our...
Published on 24 Oct, 2021
As more consumer internet IPOs head for the Indian stockmarket, we are asked by Marcellus’ clients whether our...
Published on 24 Oct, 2021
As one of our heroes, Rahul Dravid, heads towards high office in Indian cricket, we highlight this superb piece from...
Published on 17 Oct, 2021
Arthur Brooks writes this wonderful column for The Atlantic about “How to Build a Life” – in this piece he argues...
Published on 17 Oct, 2021
Some of our clients who manage their own investments rather than with the help of a wealth manager seem to struggle...
Published on 17 Oct, 2021
Robert Siegel’s new book “The Brains and Brawn company” talks about how neither the new age all-digital company...
Published on 17 Oct, 2021
As we continue to peel the layers of the Chinese onion, we found this brilliant piece which attempts to answer what is...
Published on 17 Oct, 2021
At Marcellus we care deeply about thinking, talking and writing clearly. Not only does it allow us to communicate...
Published on 17 Oct, 2021
The last 12 months has seen an extraordinary surge in demand for EVs – not just expensive EVs like Tesla but also...
Published on 10 Oct, 2021
Valuing stocks is often a tricky exercise which is why most market participants take the easy route of using multiples,...
Published on 10 Oct, 2021
At last month’s Emmy awards, Netflix won a whopping 44 awards compared to HBO’s 19 showing how streaming TV had...
Published on 10 Oct, 2021
Plenty has been written and plenty more will be written about the Chinese unravelling starting with the failed Ant...
Published on 10 Oct, 2021
Often economists are criticised for lacking a practical approach to policy making given the reality of the political...
Published on 10 Oct, 2021
One of the things that we have learnt from our guru Sir John Kay is that if we are to improve the quality of our...
Published on 10 Oct, 2021
As we learnt from our recent trip to New Delhi, there is a massive punch-up playing out at present for control of the...
Published on 03 Oct, 2021
The best part of publishing 3L&3S is the reciprocal content we get from our readers. Last week’s edition featured...
Published on 03 Oct, 2021
Jeremy Grantham, the co-founder and chief investment strategist of the iconic fund management firm Grantham, Mayo &...
Published on 03 Oct, 2021
The title is counter intuitively apt in the sense it refers to seemingly innocuous behaviour of ours that can be quite...
Published on 03 Oct, 2021
Twenty20 cricket is often ridiculed by the purists as a jamboree of sorts. This very well researched piece argues...
Published on 03 Oct, 2021
As each week brings incremental news of the ongoing unravelling of same facet of China – either its overleveraged...
Published on 03 Oct, 2021
The debate taking place between Apple and its employees – with regards to returning to office work in the post-Covid...