wealthymattersIn a room full of brokers, money movers, money managers and money handlers, there’s quite a lot of people interested in making more and more money faster and faster.

Somewhere along the way, in the midst of grand visions, its easy to forget one’s fiduciary responsibility or in the face of conflicting fiduciary responsibilities, forget the weakest to whom we have a responsibility.

Yesterday at #KotakMidCapMeet15 ,there were people actively selling the government’s line. There were even people actively attempting to silence pertinent questions and steer the debate in typical #Bhakt style.

Perhaps people were speaking their honest convictions. Perhaps pushing or at least being seen to toe the government line was best for their businesses and themselves. Perhaps they even believed that they were doing their patriotic duty and advancing the interest of the “common man”.

These days if you’re not gushing about the Indian economy and its grand future, you are bound to be called selfish, anti-national, dishonest etc. There is no acknowledgement that we as humans can’t always be right, and that sometimes some things are too precious to gamble with. Hence my beef with grand visions based on credit creation. The whole world can’t be controlled by executive orders. When things go wrong,future generations will pay the price. I find it hard to back ventures and teams without this self-realization. Read more of this post

The World’s Best Entrepreneurs


So who are the world’s best entrepreneurs?

The international consensus is – Indians.And why do international money managers hold this opinion? Kenneth Andrade, has a very interesting story. He says that time and again international fund managers and investors have repeatedly revealed that nowhere else do they find companies with 150-200 cr turnovers with offices and factories in 4-5 countries. Read more of this post

Kenneth Andrade Shares A Trend @KotakSecurities #KotakMidCapMeet15

wealthymattersKenneth Andrade holds that India is transiting from a high to low interest rate economy.

This confirms my belief since late 2007.

This interests all those of us on a long term, multi-decadal/ multi-generational wealth-building journey.

We need to focus on locking in prevailing higher rates on fixed income instruments for as long as possible. Or construct such instruments for ourselves.

There will be spikes in interest rates in future, but at the end of each cycle, interest rates will keep trending lower.

A Kenneth Andrade Tip @KotakSecurities #KotakMidCapMeet15

wealthymattersKenneth Andrade has a hunch that the banking cycle recovery will be prolonged this time, compared to the previous two cycles.

This is significant to all the fixed income investors following wealthymatters. Don’t lend your money cheaply. And don’t gamble on yields with wrong expectations.

Kenneth Andrade On Investing In Infrastructure @KotakSecurities #KotakMidCapMeet15

wealthymattersKenneth makes no bones about stating that Indian Infrastructure is really over-invested in. There is really not much money to be made by an equity investor in this space.

India has much infrastructure, but its of poor quality. Eg we have the highest density of roads in the world, but of poor quality.

Most of our ports have 60-80% capacity utilization.

The power sector in India is different from anywhere else in the world, due to the high consumption of power in the agriculture sector. (Insert free power and read between the lines.)

The real area to invest and grow wealth is in infrastructure maintenance.

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