Strategy Series

Our articles specific to the six investment strategies we offer. Whether you invest with us or are looking to invest, these
articles can you give you an insight into why we make the decisions we make.

Global Compounders
Global Compounders: Why have we underperformed the S&P500 in 2026?

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 compounding. Our underperformance vs S&P500 in 2026 has played out in two parts – in line until Feb’26 and underperformance post that. Two factors explain the underperformance: 1) […]

AUG 06 . 12 MIN READ READ MORE
Global Compounders JUL 27 . 9 MIN READ
Isaac Newton and the Madness of Men
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Global Compounders NOV 20 . 12 MIN READ
Three Years In: Staying Objective Through Market Extremes
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Global Compounders JUL 11 . 10 MIN READ
Global Compounders: Greatness and Value Capture
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Global Compounders

Global Compounders: Why have we underperformed the S&P500 in 2026?

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 compounding. Our underperformance vs S&P500 in 2026 has played out in two parts – in line until Feb’26 and underperformance post that. Two factors explain the underperformance: 1) […]

Aug 06 . 12 MIN READ READ MORE
Global Compounders

Isaac Newton and the Madness of Men

Marcellus’ Global Compounders Portfolio (GCP) strategically invests in ~40 deeply moated global companies aligned with megatrends, with an aim to provide steady earnings and shareholder wealth compounding. Over the last few years, we’ve seen the world get increasingly intoxicated with the AI narrative. While we certainly see long-term merit in this technology and what it […]

Jul 27 . 9 MIN READ READ MORE
Global Compounders

Three Years In: Staying Objective Through Market Extremes

The Global Compounders Portfolio (GCP) is Marcellus’ Global Equities strategy launched in October 2022. It invests in 30-40 deeply moated companies across developed markets—businesses that combine high returns on capital with prudent reinvestment and disciplined capital allocation. The aim has always been straightforward: to deliver long-term compounding of capital through ownership of exceptional franchises, while […]

Nov 20 . 12 MIN READ READ MORE
Global Compounders

Global Compounders: Greatness and Value Capture

Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-35 deeply moated global companies aligned with megatrends which aid the delivery of mid-to-high teens compounding of free cash flow/earnings. To identify such compounders, one of the markers that we look for is the amount of value companies are able to capture from broader opportunities. This is […]

Jul 11 . 10 MIN READ READ MORE

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Consistent Compounders

When ‘Loss Aversion’ Meets ‘Time Horizons’ in Equity Investing

Investors’ decision making is often underpinned by a key psychological trait – loss aversion. As explained by  Noble laureate Daniel Kahneman, the result of ‘loss aversion’ is that our pain from losses is more than twice  the joy from equal amounts of gain. Juxtaposing this idea to the CCP investing approach discussed in our  book […]

Feb 06 . 8 MIN READ READ MORE
Consistent Compounders

The Path to Consistent Compounding is Paved with Free Cashflow

There are four key drivers of free cashflow in a business – revenue growth, profit margins, working capital efficiency, and asset turnover. The order of importance across these four drivers differs across businesses. As Marcellus’ CCP companies invest in technology to improve operational efficiencies, those companies that sell day-to-day essentials to their customers whilst avoiding […]

Nov 02 . 17 MIN READ READ MORE

FEATURED BLOGS

Outsourcing 2.0: The Global Capability Centre Boom in India

Oct 26 . 7 MIN READ READ MORE

Busting Popular Macroeconomic Myths

  • BEHAVIOUR
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Feb 21 . 5 MIN READ READ MORE

Asian Paints vs Sherwin Williams: Different Paths to Dominance

  • BEHAVIOUR
  • CULTURE
Jan 25 . 10 MIN READ READ MORE

Recommended Reads

Some of our best reads you shouldn’t miss on Marcellus

Marcellus Portfolio Updates & Insights – October 2026

Oct 15 . 13 MIN READ READ MORE

Marcellus Portfolio Updates & Insights – September 2026

Sep 10 . 13 MIN READ READ MORE

Marcellus Portfolio Updates & Insights – August 2026

Aug 12 . 13 MIN READ READ MORE

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HANDPICKED ARTICLES FOR OUR ACTIVE INVESTORS

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