For equity investors, buy-at-any-price will fail
No matter how good a business, overpaying for a stock negatively impacts returns. Saurabh Mukherjea’s Marcellus is only the latest example of the perils of forgetting this timeless lesson.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Several issues are muddying the waters for Kent’s IPO
The popular appliance maker’s DRHP throws up multiple red flags, including large-scale slippages in business performance, that detract from its appeal. Should it then even go public?
Exclusive: Sanjiv Bajaj’s Bajaj Finserv needs to be in everything, everywhere all at once
The financial services group has gone way beyond loans and insurance to MFs, broking, platform services and even venture investing. All while keeping its core values intact.
Hyundai India’s funk will test shareholders’ patience
The South Korean carmaker may have made headlines teasing an aggressive product push in India. But, the absence of details and urgency gives little respite to investors reeling from declining sales and a 12-year market share low.