Constellation Software

Last year I asked my friends to send me the names of the companies run by able and honest managers like Warren Buffett. Without hesitating both of them mentioned about Mark Leonard, a terrific guy who runs Constellation Software. I promptly added it to my reading list. In a recent interview, Shane Parrish mentioned about…

United Spirits Limited

Want to become a millionaire? All you need to do is to invest a billion dollars in the airline industry. To complicate it further fund the investment by taking a lot of debt. This is what Vijay Mallya did when he started Kingfisher Airlines in 2003. What is the result? Click here to read the…

Berkshire Hathaway 2015

Archimedes was an Ancient Greek mathematician and physicist. He once said that — Give me a lever long enough and a fulcrum on which to place it, and I shall move the world. The claim of Archimedes is theoretically possible as levers can be used to exert a large force over a small distance at…

Visa & MasterCard

In 1949 Frank McNamara was having dinner in a Manhattan restaurant and when the bill came he realized that he had left his wallet at home. By the time his wife arrived and the bill had been settled, McNamara was deep in thought. After ruminating for sometime McNamara came up with the idea of using…

IBM – A value buy or trap?

Sometime back my friend Hari and I presented a case study on IBM to my first batch students. You can view the presentation here. If you want to educate yourself on the business model of IBM then you should read this and this. While preparing for the presentation I came across an excellent video from Warren…

Nestlé India

Cerelac is a brand of instant cereal made by Nestlé. The cereal is promoted for infants 6 months and older as a supplement to breast milk when it is no longer the sole item in an infant’s diet. I got introduced to the Cerelac brand in the early 80’s when my mother was feeding it…

Markel Corporation

Markel Corporation is a specialty property and casualty insurance company headquartered in Richmond, Virginia. Markel started its operations in 1930 by writing insurance for makeshift taxi cabs, also known as jitneys, in Virginia. Over the following decades the company grew along with the growing transportation industry as the country developed automobiles trucks and interstate highways. The…