Is a Financial Tsunami Building up? Just as the stock price of Tesla kisses $2000 (and by the time i finish writing this piece, it might be $2200) and Apple is way past the 2Tr$ Marcap, I receive a text message from an enthusiastic friend of mine who first started investing a few months ago (March 2020) after being forced to work from home and shared his stellar success at… Read More »Investors are Dancing – But no music can be heard
Indian benchmark indices are at a lifetime high and hundreds of stocks that have been the market darlings are at their yearly and some 2-yearly lows. This fall has been precipitated in a matter of last -mere 5 months. Obviously most of the fund managers (mutual funds, private wealth, PMS schemes) are finding corners to hide where they can find respite and concoct some solid theories and reasons for wealth… Read More »‘Skin in the Game’ Reform: A Game Changer in the MF and Wealth Management World to Save the Retail Investor
During a recent trip to the US, I happened to meet many young executives from the Silicon Valley, doing relatively well and perhaps in the 95 percentile of income group but all fed up with lack of options to generate alpha on their idle cash lying in their savings / checking accounts. And that too in one of the most advanced and efficient consumption driven economies on the planet. One… Read More »The Savers Dilemma
A few days back I was oppressively put off by a mountain of garbage on my way to work and this area is Koramangala – The fulcrum of ecommerce revolution in India, with highest per capita in the country, home to dozens of startups, stone’s throw from the offices of flipkart and Accel partners (the posterboys of ecommerce and PE funds). While my belief in Modi’s Swachh Bharat and Acchhe… Read More »Sureshot failure of Ecommerce and its underpinnings in the Indian mindset
When I first read Greg Smiths resignation letter 3 years ago on the ides of march, I knew something wasn’t right in the way financial institutions operate. A myriad of thoughts ran through my mind. When we trust the people who advise us and implicitly follow the financial institutions that handle our hard earned money, we believe that we are buying professional advice at a fee that is normal. Reality… Read More »The Story Greed, Deceit and its effect on Organisational Culture
Being a citizen of a country obsessed with cricket, the only run rate that I ever knew was the runs that a batsman makes per over and that i thought defined the run rate – till recently when I realised that even businesses (read new e commerce world) are getting discounted and valued on their run rates. It must be very interesting for those old brick and mortar industrial houses… Read More »The Run Rate Conundrum – ‘Or the beginning of The Great Depression’