There’s a curious theory doing the rounds in financial circles. That stablecoins—the seemingly harmless “digital dollars” powering crypto trades and cross-border payments—may not just be a fintech innovation. They may also be quietly reinforcing the dollar’s centrality in global markets,…
This week was a big and memorable one for the Indian startup ecosystem. Urban Company’s historic listing at a 57% premium IPO success is proof of what I’ve felt strongly about ESOPs becoming major wealth creators in the last decade. …
“China spends more on importing semiconductors than on oil.” Chris Miller wrote in his bestselling book Chip War: The Fight for the World’s Most Critical Technology, and it’s a fact that caught my attention. Semiconductors topped China’s 2024 imports at…
When I started my career in wealth management, the rupee traded at ₹45 to a dollar.I still remember asking relatives visiting from the US to bring back products. It was a simple way of taking advantage of the price arbitrage…
In my mid-20s, my parents convinced me to buy a house. They insisted, I should have my own house before my family expands. Like a diligent son, I followed their advice—invested all my savings, took on a substantial home loan,…
That question hit me during a recent client conversation – just a day before Independence Day. We were discussing portfolio allocation for the next decade when he asked – “In all your years managing wealth, what’s the single biggest opportunity…
Some industries collapse quietly. The music business didn’t. In 1999, it was worth $22 billion. Fifteen years later, piracy had gutted its revenues by 40%. The internet made music free, and global box office earnings were double the size of…
“What if the most important portfolio you’ll ever build isn’t financial?” I’ve been thinking about legacy lately. Not the kind written in annual reports or carved on building nameplates, but the everyday legacy we create through the conversations we have—and…
In 2007, India’s Micro-Finance Industry had just ₹6,000 crore in assets under management. Today, that figure stands at ₹3.8 lakh crore—a staggering 70x jump in 17 years. This is a financial revolution that has brought 7.8 crore Indians into the…
Last Tuesday, I was having coffee with a client—a successful tech entrepreneur who’d built and sold two companies. He pulled up his portfolio on his phone and confessed something that made me smile: “Sandeep, I’ve been quietly buying everything Rakesh…