Diamonds In The Dust <> Beta To Alpha
This Diwali, the authors of Diamonds In The Dust from the Marcellus Investment Managers team join me in a special conversation for their new book and take us through demystifying some investment myths.
The first book that helped me transition into understanding investment implications was 'The Unusual Billionaires'. Ever since then, I have been a big fan of the high quality yet simple insights that the team at Marcellus keeps putting out regularly for millions of investors.
Special Giveaway
I am doing a Special Giveaway to all the Premium members of the Beta To Alpha cohort (old and new) with a signed copy of the book. Find out more about the subscription plans here - https://bit.ly/3pPMr9Y
Check out the upcoming and past webinars here - https://saketmehrotra.com/webinars/
Find out more about upgrading to the premium version of Beta to Alpha here - https://saketmehrotra.com/premium-content/
About The Book
The essential manual on generating consistent returns from the Indian stock market by Saurabh Mukherjea, the bestselling author of Coffee Can Investing and The Unusual Billionaires.
Over the last few years, there has been a growing realization among Indians that their life's savings, the bulk of which are parked in physical assets like real estate and gold, are unlikely to help them generate sufficient returns to fund their financial goals, including retirement. At the same time, many have lost their hard-earned money trying to invest in financial assets, including debt and equities. Such losses have occurred due to many reasons, such as corporate frauds, weak business models and misallocation of capital by the companies in whose shares unsuspecting investors parked their savings. What options do Indian savers then have to invest in, and build their wealth?
Diamonds in the Dust offers Indian savers a simple, yet highly effective, investment technique to identify clean, well-managed Indian companies that have consistently generated outsized returns for investors. Based on in-depth research conducted by the award-winning team at Marcellus Investment Managers, it uses case studies and charts to help readers learn the art and science of investing in the US$3 trillion Indian stock market.
The book also debunks many notions of investing that have emerged from the misguided application of Western investment theories in the Indian context.
Vital and indispensable, this book will serve as the ultimate manual on investing and provide practical counsel to readers to achieve their financial goals.
About The Authors
Saurabh Mukherjea is the Founder and Chief Investment Officer of Marcellus Investment Managers. Saurabh was educated at the London School of Economics where he earned a BSc in Economics (with First Class Honours) and an MSc in Economics (with distinction in Macro & Microeconomics). In London, Saurabh was the co-founder of Clear Capital and in 2007 he was rated by the Extel Survey as one of the top small cap analysts in the UK. In India, Saurabh was rated as the leading equity strategist in 2015, 2016 and 2017 by the Asiamoney polls. Prior to setting up Marcellus, Saurabh was the CEO of Ambit Capital.
Rakshit Ranjan, CFA spent 6 years (2005-2011) covering UK equities with Lloyds Bank (Director, Institutional Equity Research) and Execution Noble (Sector Lead analyst). During these six years, he was ranked amongst the top-3 UK Insurance analysts (Thomson Reuters Extel survey) in the mid-cap space. Since 2011, Rakshit led Ambit Capital’s consumer research franchise which got voted as No.1 for Discretionary Consumer and within top-3 for Consumer Staples in 2015 and 2016. He launched Ambit’s Coffee Can PMS in Mar’17 and managed it till Dec’18. Under his management, Ambit’s Coffee Can PMS was one of India’s top performing equity products during 2018.
Qualifications :Rakshit has a B.Tech from IIT (Delhi) and is a CFA charter holder.
Salil Desai, CA joins Marcellus from Premji Invest, India’s largest family office by assets under management, where he spent 6 years as a senior member of the team that managed ~US$2bn in listed equities. Prior to that, Salil worked for IDFC Securities, a prominent equity brokerage in Mumbai, where he came to be known as one of India’s leading analysts for core economy sectors. Over a career spanning 12 years in equities, he has tracked multiple sectors, including industrials, infrastructure, utilities, insurance, cement, metals and logistics.
Qualifications: Salil is a Chartered Accountant and a Post Graduate Diploma in Business Management from NMIMS, Mumbai. He completed his graduation in Commerce from Mumbai University.