Crude oil is India’s Achilles’ heel. Our energy dependence makes the price of oil one of the most critical inputs in our fiscal planning as well as in monetary policy actions. It follows that ...

In the first half of the nineteenth century, British output per worker surged while real wages barely moved for decades — a stretch economic historians call ‘Engels’ pause’. Carl Benedikt Frey’s The ...

Everyone wants the returns that come from holding a great company for decades. But not everyone can actually sit through the 50%-plus drawdowns that come along the way. In our new book, The Art of ...

Note: For all strategies except GCP, Performance data shown is net of fixed fees and expenses charged till December 31 st , 2024 and is net of annual performance fees (Except for Little Champs ...

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 ...

If you want to read our other published material, please visit https://marcellus.in/blog/ Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment ...

“Work is worship” is a popular saying attributed to several people from the 12th century philosopher Basavanna to Gandhi. Yet 20th century economists believed as humans trade off between work and ...

A couple of months ago, we featured a piece which talked about a new study which showed writing or drawing by hand as opposed to typing or using a computer involves more activity in the brain and ...

June was a constructive month for the portfolio and the broader index. However, the portfolio underperformed the index by approximately 190 bps, as markets were led higher by a sharp rebound in a ...

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 ...

The remarkable growth in the role of software in our lives over the past couple of decades was best captured by Marc Andreessen. In 2011, Andreessen the founder of Netscape and more famously the ...

Marcellus’ Global Compounders Portfolio (GCP) strategically invests in ~40 deeply moated global companies aligned with megatrends, with an aim to provide steady earnings growth and shareholder wealth ...