OpenTube

What Actually Went WRONG at Marcellus & What I'm Buying Now | ft. Saurabh Mukherjea

Shrishti Sahu

94,272 views

In this episode of The India Opportunity Show, we sit down with Saurabh Mukherjea, Founder of Marcellus Investment Managers, to discuss the realities of the Indian stock market. Saurabh shares his insights on high-quality investing, the impact of AI on the IT sector, and why "boring" companies often make the best investments. He also opens up about his own investing mistakes and what it takes to survive a market crash.

What you'll learn in this episode:

The truth behind "new age" companies and why the fundamentals never change.
How AI will impact the Indian IT sector and what it means for investors.
Why global diversification is essential for a stable portfolio.
The biggest lessons learned from the market's recent humbling years.

If you enjoyed this episode, please subscribe to the channel and leave a comment below with your biggest takeaway!

Timestamps:
00:00 - Intro
01:54 - Contrarian Market Beliefs
02:53 - The Bear Case for India
05:00 - Reflecting on Underperformance
16:40 - Evolving the Portfolio
25:19 - Managing Client Expectations
28:54 - Structural Headwinds vs. Turnarounds
42:33 - New Age Companies & AI
49:18 - The Case for Global Diversification
59:54 - Rapid Fire Questions

Connect with us:
👉Apple Podcasts - https://podcasts.apple.com/us/podcast...
👉 Spotify Podcasts - https://open.spotify.com/show/3te7aVf...
👉 Newsletter - https://theindiaopportunity.com/
👉 LinkedIn - LinkedIn: shrishtii
👉 X - https://x.com/shrishtie
👉 Instagram - Instagram: theindiaopportunity

20 Comments

@akashkumar3924 2 weeks ago

Finally, people can comment in his video 😂… in his channel, he has restricted comments out of fear 😂

@visweswarraokasturi6556 2 weeks ago

If it took them 4 yrs to realise the wealth destruction they did for their investors, can they identify managements which are nimble, with high moat and integrity? I doubt

@padmanabhanr4242 2 weeks ago (edited)

CCP = Consistently Crashing/Collapsing Portfolio from a great story teller.

@hariharan-ly3ig 2 weeks ago

Finally, someone with the guts to ask him about his fund performance.

@Anonymous-yr1er 2 weeks ago

I trusted this man and invested my 80% of savings on his so called "diamonds in the dust". I missed the whole bull run rally. I genuinely hate this man. I thank my father for not hearing my advice and invested his retirement funds in buying village farm lands

@sureeize 2 weeks ago

He is the guy who has argued P/E does not matter...now he changed his tone....what a guy!!

@AnoopR-t4u 2 weeks ago

This guy said US market can never give returns like India and missed out the US bull market . Now talking about US market when it’s all time high

@DV-lh2ov 2 weeks ago

Great interview. Show how he operates. I wouldn't give my money to him.

@ganeshshete3724 2 weeks ago

On TCS, SM said earlier that any big Tech giant developes, they have to reach out to TCS for IT and TCS deploying entry level Engineers as their moats as if TCS has best training institute. He is a sweet talker & should be in sales rather than managing funds 😊

@prashantgeet 2 weeks ago

Only reason I am listening to this podcast is to do exactly opposite of whatever he is saying.

@praveenbalaji9723 2 weeks ago

Cagr of 2% while nifty is 10% means you know nothing about investing and managing portfolio. Sorry to say this, but I think you have oversold your concepts for empty vessels.

@padmanabhanr4242 2 weeks ago

28:00 : Looks like she exited Marcellus but her father is still holding on..

@Avinashfitness974 2 weeks ago

Bhai apne failed fund house pe bhi book likh do .

@madhankumarmetta 2 weeks ago

1:57 Stop writing books bro . They are helping others but not you.

@madhankumarmetta 2 weeks ago (edited)

31:32 The problem is not selection of companies to invest but not exiting when the business share and earnings took a hit. What is the difference between you and a fresh retailer? Have bias on the holding with past performance

@preetamshetty6679 2 weeks ago

His concept of staying away from entrepreneurs who own Mercs, BMWs and Maybachs, while preferring companies where the CEOs drive Innovas, clearly hasn’t worked.

He also seems to dislike entrepreneurs owning cricket and football teams. To me, that’s an overly simplistic way of looking at investments.

A founder’s car or their ownership of a sports franchise tells you very little about the quality of a business.

@Achilees-t6c 2 weeks ago

Guy made so much money from content and books but not from stocks.

@saritachachan3469 2 weeks ago

For Saurabh one word come in my mind and that is GENIUS👍

@Rustom1968 2 weeks ago (edited)

This man Saurabh Mukherjea used to say that PE is not important. Basically his forte is speaking well. He can explain away anything. He used to advertise his stock picks on TV and that's how it went up before 2022. Very poor stock picker but a very articulate speaker.