Published on 29 Sep, 2019
What former CAG Vinod Rai found when auditing the accou...
t Marcellus we never stop harping on the importance of clean books of accounts and why companies with cooked up numbers...
Sep 2019
- Week 5
- Week 4
- Week 3
- Week 2
- Week 1
Short Read
Published on 29 Sep, 2019
The House Releases the Declassified Whistle-Blower Comp...
A whistle blower has released a letter that has set off the events that may well end with President Trump’s...
Published on 29 Sep, 2019
The curious case of Bhavish Aggarwal and Ola Electric...
More than a decade after the Lehman Brothers bust unleashed the greatest tide of liquidity seen in the history of...
Long Read
Published on 29 Sep, 2019
Facts Don’t Change People’s Minds. Here’s What Do...
“When my information changes, I change my mind”, is an oft quoted statement, usually attributed to economist John...
Published on 29 Sep, 2019
Casper Dreams of Being Bigger Than Mattresses...
If building a business with strong competitive advantages is tough, sustaining the competitive advantage is many...
Published on 29 Sep, 2019
Why can’t we agree on what’s true anymore?...
It is fashionable to believe these days that Trump, Putin, Modi, Xi, Erdogan, etc have ushered in a new era of...
Short Read
Published on 22 Sep, 2019
The grandmaster diet: How to lose weight while barely m...
An incredible piece in ESPN on what hours of playing chess can do to your body. Aishwarya Kumar highlights research...
Published on 22 Sep, 2019
His bus conductor mother praying back home, Atharva Ank...
Once upon a time most of the cricketers in the Indian cricket (men’s and women’s) team came from the posh schools...
Published on 22 Sep, 2019
Thomas Piketty Back With a 1,200 Page Guide To Abolishi...
It couldn’t have been a better week to be talking about inequality as Thomas Piketty’s new book “Capital and...
Long Read
Published on 22 Sep, 2019
Why rigged capitalism is damaging liberal democracy...
Four weeks ago, the Business Roundtable, a group of CEOs from the world’s largest corporations issued a statement...
Published on 22 Sep, 2019
He Is Trying To Play A Very Difficult Game”: The ...
A fascinating piece in Vanity Fair about the contradiction that Imran Khan, the Pakistani cricketing superstar and now...
Published on 22 Sep, 2019
How a Small-Cap Fund Weeds Out the Worst Stocks...
At Marcellus, we are big fans of giant data-hungry quant screens which can rigorously sift through years of data on...
Short Read
Published on 15 Sep, 2019
Human Activity in China and India Dominates the Greenin...
Amidst all the doom and gloom around how we humans are destroying the planet in the wake of the Amazon fires, here’s...
Published on 15 Sep, 2019
India’s Moon Mission Was Anything But A Failure. Here...
With the dust now settled around the seemingly tragic and melodramatic episode of India’s failed attempt to put a...
Published on 15 Sep, 2019
The “10,000-hour rule” was debunked again...
A decade ago Malcolm Gladwell’s bestseller “Outliers” popularised the idea of ‘10,000 hours’: ““Ten...
Long Read
Published on 15 Sep, 2019
Simon Sinek: To Succeed in Business, You Must Understan...
Nine years ago Simon Sinek shot to fame with his incredibly popular Ted Talk which has now had more than 10m views on...
Published on 15 Sep, 2019
The CIA, 9/11 and collective blindness...
Diversity in the workplace is no longer a social imperative but a must for businesses who want to avoid blindspots in...
Published on 15 Sep, 2019
Shopify and the return of the merchant class...
The old fashioned merchant – who was almost crushed in the 20th century – is staging a comeback, not in the...
Short Read
Published on 08 Sep, 2019
Starbucks, monetary superpower...
At Marcellus, our endeavour is to find unusual promoters/companies who look at the industry they operate in very...
Published on 08 Sep, 2019
Burning Man diary: sticking it to the Man with Ray Dali...
A lively account of her first visit to the ‘Burning Man’ by Hannah Murphy this year, a year when Ray Dalio, the...
Published on 08 Sep, 2019
Thomas Middelhoff reflects on failure in German busines...
Thomas Middlehoff, the former boss of Bertelsmann, has written a book called “Guilty”. Mr Middlehoff who was jailed...
Long Read
Published on 08 Sep, 2019
Superbugs Deadlier Than Cancer Put Chemotherapy Into Qu...
The emergence of super bugs or germs that are resistant to most known anti-biotics has created a quandary among medical...
Published on 08 Sep, 2019
Lessons for Capitalism from the East India Company...
In the wake of growing concerns from the rise of the ‘Big corporate’, two weeks ago, an American corporate lobby...
Published on 08 Sep, 2019
The machine always wins: what drives our addiction to s...
Richard Seymour has written a superb essay on the destructive powers of social media networks. Such is the power of the...
Short Read
Published on 01 Sep, 2019
Athletes on the outskirts of fame...
Last Sunday was yet another super Sunday for sport. India got its latest world champion in PV Sindhu who finally came...
Published on 01 Sep, 2019
UPS Has Been Delivering Cargo in Self-Driving Trucks fo...
Most of the press around autonomous vehicles focuses on cars and yet it is in trucking that the most commercially...
Published on 01 Sep, 2019
Long Term Compounding Using Low Volatility & Other...
My colleagues Saurabh Mukherjea and Rakshit Ranjan co-authored a book titled Coffee Can Investing with a subtitle...
Long Read
Published on 01 Sep, 2019
Blame Economists for the Mess We’re In...
In his refreshingly positive book Factfulness, Dr Hans Rosling talked about how people across the world are living...
Published on 01 Sep, 2019
“He’s Full Of Shit”: How Elon Musk Fo...
Last three years have seen Elon Musk’s public perception slide from an iconoclast solving the world’s problems to...
Published on 01 Sep, 2019
The Red Queen of Investing...
The author is yet another high-quality writer from the Ritholtz stable and he has produced a really interesting piece...
Aug 2019
- Week 4
- Week 3
- Week 2
- Week 1
Short Read
Published on 25 Aug, 2019
On floccinaucinihilipilification...
Central banks’ influence on the global economy has been on the rise over the past few decades with ultra-low interest...
Published on 25 Aug, 2019
Why Complexity Sells...
For most physics students, the introduction of Richard Feynman’s lectures would have made learning a joyful adventure...
Published on 25 Aug, 2019
The Bond Raters Still Need to Be Fixed...
Barry Ritholtz has written this article in the context of the US Financial Services industry but he might as well be...
Long Read
Published on 25 Aug, 2019
Sports Cars, Psychopaths, and Testosterone: Inside the ...
We would like to believe a lot of investing success can be attributed to behavioural aspects or psychology than subject...
Published on 25 Aug, 2019
How Scientists Built A ‘Living Drug’ to bea...
This piece in the WIRED is an adaptation from the book The Breakthrough: Immunotherapy and the Race to Cure Cancer....
Published on 25 Aug, 2019
Was e-mail a mistake?...
Cal Newport begins by telling us for most of human history, messaging was synchronous by default i.e. in an office or a...
Short Read
Published on 21 Aug, 2019
Starbucks v Dunkin’: how capitalism gives us the ...
At the core of Marcellus’ investment philosophy is the hunt for quasi-monopolies i.e, companies that dominate their...
Published on 21 Aug, 2019
WeWork Stands Before Us in All Its Naked Glory...
How to spot the peak of a market bubble? WeWork’s planned IPO might just give you the template – a flawed business...
Published on 21 Aug, 2019
Dopamine Fasting – The Hot Silicon Valley Trend...
Given the lifestyle of most professionals and the way they deal with broadcast & social media “many of us are...
Long Read
Published on 21 Aug, 2019
The Spacing Effect: How to Improve Learning and Maximis...
‘Learning how to learn’ is arguably the most important skill that any of us can master. Furthermore, once you...
Published on 21 Aug, 2019
Disintermediating your friends...
You would think that whilst financial markets can change rapidly, social change takes place more gradually. This...
Published on 21 Aug, 2019
In Sua Causa: What the judiciary has done to itself...
Whilst political corruption is extensively discussed in India, the corruption of the Indian judiciary is both reported...
Short Read
Published on 13 Aug, 2019
What makes a fulfilling career? Ask a teenager...
Featured in the 24th March edition of 3L&3S When we are young, we want to do something creative, something fun in...
Published on 13 Aug, 2019
Jack Bogle: the selfless preacher of the passive revolu...
Featured in the 20th January edition of 3L&3S We had to pay our respects. And the FT Editorial does the job in a...
Published on 13 Aug, 2019
Avoiding Stupidity is Easier than Seeking Brilliance...
Featured in the 5th May edition of 3L&3S Farnam Street’s reiteration of its 2014 blog about a concept that we...
Long Read
Published on 13 Aug, 2019
Return on Capital Super Heroes...
Featured in the 2nd June edition of 3L&3S American fund manager, Tom Machperson of Nintai Partners, highlights...
Published on 13 Aug, 2019
Not Caring: A Unique and Powerful Skill...
Featured in the 3rd March edition of 3L&3S Morgan Housel may not come up with radically original thinking in...
Published on 13 Aug, 2019
Adm. McRaven Urges Graduates to Find Courage to Change ...
Featured in the 2nd December edition of 3L&3S As a start-up, we run into people every now and then who try to use...
Short Read
Published on 07 Aug, 2019
Can an algorithm determine just how rich an Indian is m...
William Shakespeare famously wrote in Romeo and Juliet “What’s in a name? that which we call a rose by any...
Published on 07 Aug, 2019
This Is the Beginning of the End of the Beef Industry...
This should bring cheer to those disappointed with the beef bans in places across India. The plant-based meat...
Published on 07 Aug, 2019
Winner-Take-All Phenomenon Rules the Stock Market, Too...
At the core of Marcellus’ Consistent Compounders investment philosophy is identifying monopolistic franchises which...
Long Read
Published on 07 Aug, 2019
Was the Automotive Era a Terrible Mistake?...
Indian auto stocks have taken a serious beating off late with concerns not just on the current cyclical decline in...
Published on 07 Aug, 2019
The Stock-Buyback Swinde...
This well written article says that American corporations are spending trillions of dollars to repurchase their own...
Published on 07 Aug, 2019
Opposite of Conventional Wisdom...
The Ritholz machine keeps providing us good material to read and learn from. In this piece, they list five pieces of...
Jul 2019
- Week 4
- Week 3
- Week 2
- Week 1
Short Read
Published on 28 Jul, 2019
Instagram Turns Obscure U.S. Sights Into Social-Media D...
Author: Jim Carlton Source: The Wall Street Journal...
Published on 28 Jul, 2019
Like fossil fuel in the ground, customer data may soon ...
Author: John Naughton Source: The Guardian...
Published on 28 Jul, 2019
Save on Drug Costs! Ditch Useless Pills !...
Author: Faye Flam Source: Bloomberg...
Long Read
Published on 28 Jul, 2019
An economist walks into a brothel and comes back with l...
Author: Allison Schrager Source: The Scroll...
Published on 28 Jul, 2019
Isaav Asimov Asks, “How Do People Get New Ideas?...
Author: Isaac Asimov Source: MIT Technology Review...
Published on 28 Jul, 2019
How To Use Technology And Not Be Used By It: A Psycholo...
Author: Margaret Morris Source: Fivebooks.com (https://fivebooks.com/best-books/how-to-use-technology-margaret-morris/)...
Short Read
Published on 21 Jul, 2019
The Generosity Of True Sportsmen...
Author: Rohit Brijnath Source: The Mint...
Published on 21 Jul, 2019
Elon Musk wants to link brains directly to machines...
Author: The Economist Correspondent Source: The Economist...
Published on 21 Jul, 2019
Singapore Sends an Alert to the Investing World...
Author: Andy Mukherjee Source: Bloomberg...
Long Read
Published on 21 Jul, 2019
How Norway turns criminals into good neighbours...
Author: BBC Correspondent Source: BBC (https://www.bbc.com/news/stories-48885846) It is no surprise that Scandinavian...
Published on 21 Jul, 2019
‘I couldn’t handle being the best because t...
Author: Annesha Ghosh Source: The Cricket Monthly...
Published on 21 Jul, 2019
Martina Navratilova on Megan Rapinoe and the Trajectory...
Author: Masha Gessen Source: New Yorker...
Short Read
Published on 14 Jul, 2019
Hedge Funds Are Tracking Private Jets to Find the Next ...
Author: Justin Bachman Source: Bloomberg...
Published on 14 Jul, 2019
Going The Distance...
Author: Guy Vidra Source: Collaborative Fund (https://www.collaborativefund.com/blog/going-the-distance/) In 3L-3S, we...
Published on 14 Jul, 2019
China and new tech generation shake old notions of good...
Author: John Gapper Source: FT (https://www.ft.com/content/4ba8c746-7bc4-11e9-8b5c-33d0560f039c) Only 22% of Searches...
Long Read
Published on 14 Jul, 2019
Generalise, don’t specialise: why focusing too na...
Author: David Epstein Source: The Guardian...
Published on 14 Jul, 2019
Your Professional Decline Is Coming (Much) Sooner Than ...
Author: Arthur C Brooks Source: The Atlantic...
Published on 14 Jul, 2019
How Football Leaks Is Exposing Corruption in European S...
Author: Sam Knight Source: New Yorker...
Short Read
Published on 07 Jul, 2019
The special role of arts in the day and age of machines...
Author: Kapil Viswanathan, Sangita Jindal Source: Live Mint (https://www.livemint.com/opinion) Art has witnessed the...
Published on 07 Jul, 2019
Auto-driver to IIM case study: Pyare Khan’s journey o...
Vivek Deshpande has beautifully captured the story of Pyare Khan’s hard work, determination and his growth as well as...
Published on 07 Jul, 2019
Should You Take the Annunity or the Lump Sum?...
Author: Nick Maggiulli Source: Of Dollars and Data...
Long Read
Published on 07 Jul, 2019
How Costco gained a cult following — by breaking ever...
Author: Zachary Crockett Source: The Hustle (https://thehustle.co/costco-membership-economics) CEOs and management...
Published on 07 Jul, 2019
Sikh drivers are transforming U.S. trucking. Take a rid...
Author: Jaweed Kaleem Source: LA Times...
Published on 07 Jul, 2019
Fast food chain Subway got too big and its franchisees ...
Author: Tiffany Hsu & Rachel Abrams Source: New York Times...
Jun 2019
- Week 5
- Week 4
- Week 3
- Week 1
Long Read
Published on 30 Jun, 2019
How modern life is transforming the human skeleton...
Author: Zaria Gorvett Source: BBC...
Published on 30 Jun, 2019
For Men Who Hate Talking On The Phone, Games Keep Frien...
Author: Cecilia D’Anastasio Source: Kotaku...
Published on 30 Jun, 2019
The best comic novel ever written?...
Author: Thomas Graham Source: BBC...
Short Read
Published on 23 Jun, 2019
How people keep their cool during summer in Churu, Indi...
For those who claim climate change is a myth, this summer’s global heatwave should have busted it without doubt. Last...
Published on 23 Jun, 2019
The promotion curse...
The Peter principle states that workers get promoted until they reach their level of incompetence. This week’s...
Published on 23 Jun, 2019
How a janitor at Frito-Lay invented Flamin’ Hot Cheet...
Whilst POTUS pursues his wall building ambitions, here is a heart-warming story about how a first generation Mexican...
Long Read
Published on 23 Jun, 2019
The Singular Pursuit of Comrade Bezos...
In our Consistent Compounders portfolio, we try and identify companies with significant competitive advantages to the...
Published on 23 Jun, 2019
Scotland is on the front line in the fight against “c...
In order to meet clients, we often have to travel to smaller towns in India with population below 1mn. One of the most...
Published on 23 Jun, 2019
How the Houston Astros Disrupted Player Development to ...
In this article, authors Ben Lindbergh and Travis Sawchik, give a preview of their own book which describes the...
Published on 23 Jun, 2019
Germany’s profitable automakers are being hit quicker...
The car industry in Germany is being pounded on multiple fronts and its plight could well be a precursor of what might...
Short Read
Published on 16 Jun, 2019
People are sick of drinking. Investors are betting on t...
Last year, Coca-Cola launched its first alcoholic beverage in Japan partly to make up for the dwindling sales as the...
Published on 16 Jun, 2019
Meet the Money Whisperer to the Super-Rich N.B.A. Elite...
It is often said that likelier route to achieving financial independence is not so much in generating superlative...
Published on 16 Jun, 2019
The restaurant owner who asked for 1-star Yelp reviews...
Steve Jobs is known to have trashed any market research as he staunchly believed that customers seldom know what they...
Published on 16 Jun, 2019
How Data (and Some Breathtaking Soccer) Brought Liverpo...
As everyone now knows, Liverpool are once again the football champions of Europe. But what you might know is the role...
Long Read
Published on 16 Jun, 2019
Does reading fiction make us better people?...
In our blogs we often discuss the impact of reading extensively on the human mind...
Published on 16 Jun, 2019
Josh and Barry Tweet Like Crazy: Are They Revolutionaiz...
New York–based investment advisory firm Ritholtz Wealth Management is famous for its outstanding blogs and for Ben...
Short Read
Published on 06 Jun, 2019
Influencer grannies are a lesson in how to reinvent one...
Utkarsh Amitabh in his succinct post talks about the need for everyone to keep evolving to stay relevant in the current...
Published on 06 Jun, 2019
Why Tracking Your Symptoms Can Make You Feel Worse...
Elena Lacey at WIRED cites some research studies to show how tracking your symptoms actually makes you feel worse than...
Published on 06 Jun, 2019
If Akbar and Ibrahim II had met, they would have liked ...
This conversation between two of India’s best historians who are currently in circulation – William Dalrymple and...
Long Read
Published on 06 Jun, 2019
Why Doctors Hate Their Computers...
IT systems in large enterprises often cause as much anguish among the users whose lives these very systems were created...
Published on 06 Jun, 2019
Beyond the Hype of Lab-Grown Diamonds...
Diamonds were formed deep inside the bowels of Planet Earth billions of years ago. “As the edges of Earth’s...
Published on 06 Jun, 2019
Return on Capital Super Heroes...
American fund manager, Tom Machperson of Nintai Partners, highlights something that many of us who manage money know...