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Remembering Deepak Ratan

A year ago, we lost Deepak Ratan, my friend, IPS batchmate, and an illustrious officer, to a heart attack. We are all in shock. Deepak was still in his 40s and looked fit and strong. Who could have seen this coming? Deepak and I were in the same...

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Victory is born in our mind, so is defeat

You must have heard a lot of wisdom along the lines of, "Here is what you should do in your 20s." Often, one hears things like: Learn aggressively, try things you are scared of, make mistakes Build relationships and network Explore ideas that seem...

The power of simple finance

A Wharton professor, who taught us valuation, once told this story of Merton Miller, who won the Nobel Prize in Economics for his work on the Miller-Modigliani theorem. At that time, our professor was a student at the University of Chicago, where...

If you can’t explain something, don’t do it

A long time back, I was part of an online group of (supposedly) entrepreneurs and investors. About half the chatter in that group was about crypto but there was zero logic in the discussion. Some day people would exult when Bitcoin went up. On...

Have a beginner’s mind

I once was interviewing a professional investor who invests in power plants and infrastructure. But when I asked him "What is 1 kilowatt-hour?" he had no idea. Many people swim in the shallows. They make do by talking about high-level stuff,...

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