Saurabh Mukherjea, the founder and chief investment officer of Marcellus Investment Managers, believes that equity investing is still in good shape despite recent market stagnation in India. He notes that the Indian stock market has not performed as well as others globally over the past two years. However, he remains optimistic about long-term compounding, particularly through 'Coffee Can' portfolios, which focus on quality companies. Mukherjea highlights a shift in investment focus from consumer staples to sectors like healthcare and export-oriented firms. He advocates for global diversification, noting that the correlation between Indian and American equities is at a 20-year low, making it a compelling time for investors to explore international markets. Regulatory changes have made global investing more accessible and tax-efficient for affluent Indians. Mukherjea also discusses the role of artificial intelligence in enhancing investment insights, suggesting that the ability to tell compelling stories will be crucial as digital fatigue sets in among investors. He emphasizes the importance of adapting investment strategies to current market conditions, particularly in sectors like export-oriented manufacturing and ultra-luxury consumption.