The Marcella Edit
TM VANTAGE
Capital. Leadership. The World Ahead.
The Annual Letter by Temi Marcella.
TM VANTAGE is an annual exploration of the ideas, decisions and forces shaping our world. Drawing on nearly two decades of experience investing in, building and governing businesses across international markets, Temi Marcella brings a distinctive perspective to capital, leadership, opportunity and the future.
Most recent letter
2025
Published as The Annual, January 2026. Part of the TM VANTAGE archive.
Leadership reflections on the year behind and the one ahead.
Read the 2025 editionArchive
Annual letters published before TM VANTAGE appear under the names they were first published with.
About TM VANTAGE
A considered view, once a year, of the ideas, decisions and structural forces shaping capital, leadership and institutions.
TM VANTAGE is a letter rather than a newsletter. It is written annually, sent directly to readers who ask for it, and kept here in a single archive. The first edition under the TM VANTAGE name is planned for 2027.
TM VANTAGE
A View of the World Ahead.
Receive Temi Marcella’s annual letter on capital, leadership and the forces shaping our future.