India in the Trump Era
Indian Prime Minister Narendra Modi became the fourth world leader to meet US President Donald Trump within a month of his inauguration. The bonhomie was unmissable. Mr. Modi met Mr. Trump, Ms. Gabbard, Mr. Ramaswamy amongst others. Vice President Vance and DOGE architect, Elon Musk, even brought along their children to meet with Mr. Modi – this is rather sweet given Mr. Modi doesn’t have a...Taking a bite out of Apple
Apple is making news in India. Laurene Powell, Steve Jobs’s wife is visiting the holy city of Prayagraj. Prayagraj is a sleepy little town of 1.5 million people in the northern plains of India. Every twelve years this town jolts to life as a couple of 100 million people (!!) descend upon this town over a six-week period. The occasion is “Maha-Kumbh” – a once in twelve-year celestial event...US Exceptionalism & Exceptional India
The global stock markets have two bulls – the c.$55 trillion US market and the c.$5.5 trillion Indian stock market. For participating in both these markets, you pay 22 dollars for one dollar of earnings. This sets these two markets apart from the UK, Europe, and China markets that are trading at 11.8, 13.8, and 9.3 times their earnings respectively. The two bulls are the “US Exceptionalism”...Genesis of Trident Capital
The Homestead Act of 1862 allotted 160 acres of Federal land to those who tilled it for five years and paid a small fee. Early risk takers from Europe ditched the better-trodden path of being a serf in Latin America to come to the US. The early homesteaders and their subsequent generations have since enjoyed boundless prosperity. The key to their success – ownership of American land with the...Communism – Good for investors?
Karl Marx wrote the Communist Manifesto in 1848 propounding a new politico-economic system, Communism. 176 years later, we are still talking about it. Over the years, countless philosophers and historic events tried to dispel the myth of the utopia that Communism promises. The famous Russian-American author and philosopher, Ayn Rand, extolled the virtues of capitalism in her seminal 1966 book,...Setting yourself up for underperformance
Ted Benna is an important person. In 1980, this benefits consultant took an obscure provision of the Revenue Act of 1978 that allowed tax exemption for deferred compensation and used it to create a pension plan for his employer. That fateful provision was called the Section 401(k). The rest they say is history. But Ted was not entirely pleased with what he had created, or rather enabled create...
India – From adversity rises opportunity
There have been many reasons to invest in India in the last two decades, but I personally never felt as compelled to participate in the India story before. In many ways India today is where the US was in the 1950s. There is something fantastic happening in India today that is not being reflected in the slowing GDP growth numbers (even pre-Covid). This is certainly not reflected in the...
Fastest Growing GDP
Average: 6.2% Source : Bloomberg
Young Demographics
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