An investor may be able to reduce their risk without necessarily giving up his return, simply by owning assets that do not rise and fall at the same time. Gold mines, nuclear power and commodities are ...

We have been fed pictures of massive mounds of garbage in landfills to encourage segregating our trash for recycling. However, this article argues that neither is recycling a necessarily viable ...

Nifty50’s EPS growth moderated to 6% YOY in FY25 (from 24% CAGR over FY21-24) whilst valuations remain elevated (21x FY26 P/E for Nifty50). In stark contrast, Marcellus’ CCP portfolio’s earnings ...

Secondly, at a time when interest rates are likely to rise across the world with wars raging on multiple continents, Global Wealth Builder has historically provided downside protection. Both the live ...

“People first” is the most overused phrase in business, and the least believed. In our new book, The Art of Enduring, we found that the companies that truly live it share two habits: they empower ...

Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash ...

First the bad news. India is a country where the last census took place in 2011 when a quarter of the current population wasn’t even born. And India remains a country where corporate earnings are ...

Consumption patterns show that India’s urban middle class is suffering. We believe that there are 3 reasons for this: (a) In offices & factories, technology is replacing humans in jobs entailing ...

Li Lu attained iconic status in value investing circles as the fund manager who earned the trust and respect of the legendary Charlie Munger to manage his family money. A couple of years ago, we ...

Over an extended period of time, it is hard to make money in Retailing. In this newsletter, we discuss a subset of retailing – apparel retailing – and how the principles that underpin the business ...

India’s wealthy aspire to retire early, start businesses, and fund children’s futures, but lack the roadmap to get there. Marcellus, in collaboration with Dun & Bradstreet, conducted the ‘India Wealth ...

Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash ...