Podcasts about shray

Mutual Funds are often seen as the McDonalds of the investment world. They are ubiquitous and convenient, and yet, they are seen to lack the prestige of a fine dining experience aka Private Equity et al. In this episode, we take on the big question: Are mutual funds only for the salaried middle class, or is there a bigger story here? Deepak and Shray dive deep into the history and perception of mutual funds, from their once-exclusive status to becoming the go-to vehicle for SIPs and forced savings.  But why don't you hear family offices or the ultra-wealthy proudly boasting about their mutual fund holdings? We explore this through the lens of economic class distinctions (India A, B, and C) and unpack how perceptions of exclusivity and quality affect investment choices. Whether you're planning for retirement, your child's education, or just wondering if your portfolio is too “plain vanilla,” this is a conversation that will make you rethink how you view mutual funds. -- 0:00 – Intro 3:29 – Choosing Exclusivity Over Simplicity 7:34 – Volatility Laundering 20:32 – Liquidity in University Endowment Funds 31:49 – Alternative Investments 38:58 – Mutual Funds vs Other Investments 44:12 – Why not hire a personal fund manager? 48:04 – Advantages and Disadvantages of Mutual Funds 1:12:26 – Use cases for Mutual Funds 1:22:41 – Who are Mutual Funds not for? -- More about us: https://cm.social/pms Connect with us : https://cm.social/pms-connect Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in

In this episode, Deepak and Shray unpack the ins and outs of international investing—why it matters, when it makes sense, and who it's really for. From rupee depreciation to political and geographical risks, they explore the key reasons to diversify your portfolio beyond India's borders. They also discuss a crucial question: At what level of capital does it become meaningful to place your money outside? The conversation weaves in perspectives from investing greats—Peter Lynch, who believed in the power of consumer insight, and Devina Mehra, whose latest book "Money Myths and Mantras" emphasizes global allocation as a must-have strategy. With fresh data on market returns (both in INR and local currency terms), the duo breaks down how different regions have performed—why Europe and China have struggled, and how the US tech boom, largely driven by the Nasdaq, has outshone the rest. But can the US continue to dominate, especially in light of Fed Chairman Powell's recent remarks on tariffs? They also touch upon an important side of global investing: taxation. From the complexities of capital gains to the lesser-known estate tax, and how investment vehicles like UCITS can help navigate these issues. Tune in for a comprehensive, no-fluff guide to international investing—what works, what to watch out for, and how to do it right. 0:00 - 2:10 Introduction 2:11 - 8:27 Why should you invest abroad? 8:28 - 10:53 Economic growth ≠ Shareholder returns 10:54 - 19:35 How to select international investments? 19:36 - 27:31 Regular international investments 27:32 - 32:17 Commodity Diversification 32:18 - 40:50 Managed International Investment Solutions 40:51 - 43:37 Good time to global? 43:38 - 47:17 Domestic vs. International Brokers 47:18 - 50:34 Tax on Foreign Equity 50:35 - 54:17 Tax Collected at Source 54:18 - 56:38 U.S. Estate Taxes 56:39 - 59:50 UCITS -- More about us: https://cm.social/pms Connect with us : https://cm.social/pms-connect Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in

At this point, you've probably read enough about tariffs to last a lifetime. But what if we told you the real story isn't just about import duties or Donald Trump's next announcement; it's about a slow unraveling of the world order we've all taken for granted In this episode, Deepak and Shray dig into how the US once helped shape a global economic contract — one where it bought the goods, paid in dollars, protected the rest of the world, and in return, the world kept buying US debt. It worked until it didn't. Countries like China started playing a smarter game. They stitched shoes, then built the factories, then made their own brands, and finally started exporting those to the US. Somewhere along the way, the US realized it wasn't in control anymore. Tariffs are now the blunt tool being used to push back.  We break down what's really happening, what's likely to happen next, and how portfolios, both in India and abroad, need to adjust. If the world is becoming more inward-looking, where should your money go? The world is changing. Listen in to make sure your portfolio is not caught off guard. 0:00 - 1:05 Introduction 1:06 - 3:17 What went wrong with the existing world order? 3:18 - 7:41 "The Unwritten Contract" 7:42 - 10:15 What a dollar can get you 10:16 - 15:22 Origins of Chinese Manufacturing 15:23 - 19:54 How the apprentice became the master 19:55 - 25:01 What's ailing Trump despite American glory? 25:02 - 26:00 The Multiplier Effect of Manufacturing 26:01 - 28:37 Why they resorted to Tariffs 28:38 - 30:41 Repercussions of Tariffs 30:41 - 33:33 De minimis Shipping 33:34 - 40:18 Shift toward an Isolated World (non-Tariff Barriers) 40:19 - 45:51 Global trade without the US 45:52 - 51:42 Investing themes during trade wars -- More about us: https://cm.social/pms Connect with us : https://cm.social/pms-connect Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in

ETFs have taken over the world, or at least that's what you'd believe if you spent any time reading financial media in the US. Passive investing! Low costs! No fund manager egos! And of course, that looming prediction: “ETFs will destroy price discovery!” But in India? Crickets. While ETFs have become mainstream in the US, with trillions of dollars flowing into passive investing strategies, India's ETF story is still unfolding. Why haven't ETFs exploded in India despite our obsession with stocks? And more importantly, should you be investing in ETFs or mutual funds? In this episode, Deepak and Shray get into the weeds on all things Exchange Traded Funds — what they are, how they work, where they don't work, and why, despite sounding like the next great revolution in investing, they haven't quite clicked here yet. 00:00:00 - Introduction 00:02:01 - How big are ETFs? 00:07:30 - Why are ETFs so successful in the US 00:09:42 - How do ETFs work? 00:13:52 - Isn't it better to move into ETFs then? 00:16:01 - Who are you buying the ETF from? 00:20:08 - Are there any advantages in ETFs over MFs in India? 00:25:10 - What role do Market Makers play in ETFs? 00:30:12 - When and why do ETF prices trade above their NAV? 00:39:14 - Role of liquidity in ETF prices 00:42:06 - Why don't people do SIPs into ETFs and Stocks? 00:48:44 - How are ETFs useful for investors? 00:53:17 - What about Commodity ETFs? 00:55:47 - What about Liquid ETFs? 00:59:52 - How do regulations like stock-lending and free-float impact ETF returns? 01:04:53 - What are Deepak's thoughts about Active ETFs? 01:07:06 - Will ETFs gain market share from Mutual Funds?

Deepak and Shray discuss the unexpected quirks and consequences of investing in mutual funds and pooled vehicles in general. The discussion covers how your returns and experiences can be impacted by other investors' actions, including issues with inflows, outflows, cutoff timings, and NAV calculations. Specific cases like DHFL, Yes Bank, and Zee promoter bonds are examined to highlight how complexities in pooled vehicles can affect investment decisions. Additionally, the episode provides insights on how to navigate these challenges and the importance of understanding the nature of pooled investments. 00:00 Introduction  00:43 Understanding Mutual Funds and Pool Vehicles 02:43 Complexities of Pool Vehicles 07:43 Impact of Inflows on Fund Composition 13:18 Challenges with Outflows and Debt Funds 20:00 Timing Issues and NAV Calculations 29:04 ETFs vs Mutual Funds: Arbitrage and Market Behavior 33:01 Case Studies: Yes Bank, DHFL, and Zee Promoter Bonds 37:50 Side Pocketing and Arbitrage 49:12 Investor Strategies and Market Timing Challenges 55:43 Conclusion and Final Thoughts

Deepak and Shray analyze the implications of this budget on consumption, manufacturing, investments, and its impact on your wallet.  ---- More about us: https://cm.social/pms Connect with us : https://cm.social/pms-connect Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in

In this episode, Deepak and Shray dive deep into the dynamics of the Dollar-Rupee equation. With the rupee at 85 to the dollar, what does this mean for us as investors and consumers? Are we losing 3-4% in dollar terms every year without realizing it? And if so, does investing in global assets provide a better hedge? Join us as we break down historical trends in the exchange rate, the RBI's role as the on the same and why inflation differentials drive the long-term trajectory of currencies (or why they may not in this case). Along the way, we explore everything from dosa economics to the peculiarities of India's remittance-driven current account. Packed with insights and a dash of irreverence, this episode is a must-listen for anyone trying to make sense of exchange rates and their impact on real wealth.

Shray Joshi is the founder of Good Peeps! https://www.thepeeps.co/ ---- The Shane White Show is now proudly brought you by ROUTINE! Head over to yourroutine.com and try their newest product "Morning Routine". Use code "ShaneWhite30" at checkout for 30% off your first order! Today's episode is brought to you by NeuRoast - Mushroom Coffee! Use Code "ShaneWhite" for 30% off your order from Neuroast.com Sponsor Links: Routine - http://yourroutine.com NeuRoast - https://www.neuroast.com/ ---------- Helpful Links: Instagram:  @shane.m.white Tik Tok: @shane.m.white NoBul Partners: https://nobulpartners.com/

Ever wondered if the Indian stock market still needs Foreign Institutional Investors (FIIs) now that domestic investors are stepping up? Shray and Deepak chew over this hot topic in our latest episode. They examine questions like whether foreign investors are responsible for recent market declines, who the primary owners of Indian companies are, and why foreign ownership is decreasing. They discuss the impact of regulatory changes, such as increased KYC requirements and the end of tax benefits for investments through Mauritius, Singapore, and Cyprus. The episode also delves into the differences between Foreign Portfolio Investors (FPIs) and Foreign Direct Investors (FDIs), as well as the significance of retail and domestic investors in the market. The hosts conclude by discussing the future of foreign ownership and whether retail investors should continue their systematic investment plans (SIPs). With retail investment soaring, the influence of foreign money seems to be waning—or is it? They also discuss the consequences of significant foreign withdrawals during global crises and compare the patterns of FII with Foreign Direct Investment (FDI), highlighting the intricate details of market shifts. They also take a look at global capital flows through the case studies of Hyundai's, Holcim and British American Tobacco among others. Tune in to understand why studying both FII and FDI activity is crucial for grasping the bigger picture of market behavior.   More about us: https://cm.social/pms Schedule a call with us: https://cm.social/pms-connect   Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in Deepak's first book: http://amzn.to/3CgkGea

In this episode of the Capitalmind podcast, Deepak and Shray dive into SEBI's recent report analyzing the profits and losses of F&O traders. The report reveals a staggering statistic, showing that over 90% of individual traders have lost money in F&O trading in the past few years. They explore the reasons behind these losses, the demographic impacts, and whether F&O trading is more akin to gambling than investment. They also discuss SEBI's new rules aimed at curbing losses and what these changes mean for both novice and seasoned traders. Tune in to understand the full implications of SEBI's analysis and what it means for the future of F&O trading in India. 00:00 Introduction  00:42 SEBI's Report on F&O Traders 01:41 Deep Dive into SEBI's Findings 02:32 Analyzing the Losses 06:00 Demographics of Losing Traders 07:57 Potential Misinterpretations of Data 18:06 The Appeal of F&O Trading 29:30 Speculation vs. Investment 30:39 The Role of Speculators in the Market 40:44 Comparing Trading to Performance Sports 43:11 The Discipline of Trading 43:42 Challenges of Undercapitalization 44:28 Intrinsic Value of Activities 45:10 Learning from Trading 49:08 Capital Requirements and Market Dynamics 52:18 Sophistication and Risk Management 57:20 Regulatory Impact and Market Participation 01:15:25 The Role of Speculation and Regulation 01:20:38 SEBI's New Rules and Their Impact 01:25:35 Conclusion and Final Thoughts

In this episode, Deepak and Shray dive into the intricacies of mutual funds, Portfolio Management Services (PMS), and Alternative Investment Funds (AIF). We analyzes the tax benefits of mutual funds, highlights the liquidity advantages, and compares them with PMS and AIF in terms of fees, transparency, and investment flexibility. We also discusses why different products cater to different investors based on their income levels, asset sizes, and risk appetites. The conversation covers the psychological and practical reasons investors might choose one investment vehicle over another, the role of fund managers, and the impact of regulations on investment returns.   00:00 Introduction and Overview 00:13 Comparing Mutual Funds, PMS, and AIFs 00:55 Tax Efficiency of Mutual Funds 01:28 Challenges with Mutual Funds 01:41 The All Weather Equity Portfolio 02:23 Why Mutual Funds Aren't the Default Choice 02:46 Understanding Different Investment Products 04:13 Tax Implications for Different Investors 18:33 The Complexity of Mutual Fund Selection 24:06 Liquidity and Size Issues in Mutual Funds 27:18 PMS vs Mutual Funds: Key Differences 27:29 Large Investors' Preferences 28:46 Challenges for US Investors 31:09 Systematic Transfer Plans in PMS 33:22 The Importance of Fund Managers 35:31 Process vs Personality in Investing 46:42 Choosing Between PMS and AIF 52:21 Conclusion: Tailoring Investments to Individual Needs  

In this episode, Shray Joshi, founder of Good Peeps, discusses the shift to retail media and the importance of digital retail marketing for CPG brands. He explains the concept of a retail media network and how it encompasses third-party marketplaces, retailer. coms, and underlying technology platforms. Shray shares strategies for driving retail traffic, such as sponsored search, paid ads, and influencer content. He emphasizes the significance of organic influencer partnerships and collaborations in building brand awareness. Shray also highlights the challenges of media attribution and the need for better integration across different retail channels.Highlights Include: - Digital retail marketing is a crucial aspect of CPG brands' marketing strategies, with retail media networks playing a significant role.- Retail media networks include third-party marketplaces, retailer.coms, and underlying technology platforms that offer advertising opportunities.- Strategies for driving traffic to retail include sponsored search, paid ads, and influencer content.- Organic influencer partnerships and collaborations are effective in building brand awareness and driving traffic to retail.- Media attribution remains a challenge in the retail industry, and better integration across different retail channels is needed.Don't miss our next episode for more insights into the world of omnichannel marketing!​​Where to find Shray Joshi: Linkedin: https://www.linkedin.com/in/shrayjoshi​Website: https://www.thepeeps.co/ Where to find Kait Stephens:Linkedin: https://www.linkedin.com/in/kait-margraf-stephens/Website: www.brij.it

In this episode of the Capitalmind Podcast, Deepak and Shray dissect the surge in New Fund Offerings (NFOs) by mutual funds, dissecting why fund houses are launching new schemes and who truly benefits from them—whether it's the AMC, the customer, or intermediaries like distributors. We also discuss the economics of fund distribution, the role of intermediaries, and how to identify the best options for your investments.  The episode also ventures into the often not talked about side of financial advisory, the unrealistic expectations of managing wealth independently, and the vital role of professional advisors. Additionally, they explore the cyclic nature of NFOs, investor hype in bull markets, and the risks of market oversaturation, concluding with advice on navigating financial products during booming market conditions. Whether you're a seasoned investor or just getting started, this episode is packed with insights that can help you make informed decisions. Timestamps 00:00 Introduction to the Capitalmind Podcast and disclaimer 00:43 Overview of New Fund Offerings (NFOs) 02:29 Historical Context and SEBI Regulations 03:24 Fund Categories and Flexibility 05:00 The Role of Fund Managers and Themes 08:50 Marketing and Distribution Economics 12:04 Impact on Customers and Fund Houses 29:47 Advertising and Expense Management 33:33 The Role of SEBI in Fund Innovation 34:29 The Impact of Fund Variety on Investors 35:30 The Importance of Innovation in the Mutual Fund Industry 36:59 Challenges of Fund Categorization 42:43 The Role of Financial Advisors and RIAs 49:55 Mutual Fund Distributors vs. Bank RMs 55:27 When to Go Direct with Your Investments 01:05:50 The Cycle of NFOs in Bull Markets 01:09:01 Conclusion and Final Thoughts

Studying in regional Australia is a “huge blessing” according to Shray Sinha, who is undertaking his qualifications in Dubbo, NSW. Shray swapped engineering for medicine to follow his family's culture of care. In this episode of Destination Medicine, Shray shares his unique journey from growing up in Dubbo to studying medicine in his hometown. He discusses the advantages of rural medical education, such as personalised, intensive mentorship and quality of life, as well as the valuable support he receives from his family and community. This episode highlights the importance of balancing personal and professional life in medicine, and even looks at Shray's study into this podcast itself.See omnystudio.com/listener for privacy information.

Recently, the mere hint of an inheritance tax proposal sparked a mini-political crisis? Thanks to a quick government rebuttal, it's off the table—at least for now. But that's not where the story ends. As always, Deepak and Shray go head-to-head, weighing the merits and pitfalls of this hot-button issue.  We're not just looking at the problem from 30,000 feet; we're getting into the weeds, examining real-life scenarios and potential solutions that could impact you and your future. Government Finances: Can an inheritance tax significantly boost government coffers? Or is it just another drop in the ocean of fiscal needs? Societal Impact: Will taxing inheritances create a more industrious society, or will it just penalise those who've worked hard to create wealth for their children? Implementation: What if we set the bar high, say at 100 crores or even 1000 crores? Would this make the tax more palatable and targeted? Practical Hurdles: Imagine inheriting a house or a business. Sounds dreamy until you hit the wall of unrealised gains and logistical nightmares. We're peeling back the layers on these challenges. Future Planning: If you're expecting a windfall 5 or 10 years down the road, how should you plan your finances today? Spoiler alert: It's not as straightforward as you might think. So, grab your headphones and tune in. Whether you're a financial novice or a seasoned investor, this episode promises to challenge your thinking and maybe even make you laugh along the way. Timestamps: 00:00 Introduction and Disclaimer 01:25 Should we have an inheritance tax? 07:36 What if inheritance tax is imposed solely on the wealthy? 15:42 Creating a Trust to offset tax 25:04 Are there significant practical difficulties associated with inheritance tax? 35:08 Doesn't implementing an inheritance or wealth tax help reduce asset prices or control inflation? 42:58 How should one prepare for potential inheritance taxes in the future?

The idea that finance companies want to do everything from payments to lending to broking to investments is strange - why not just be good at one thing? It's a simple explanation, it turns out. Find out more about the business of money in a language you can easily understand, through the words of Deepak Shenoy and Shray Chandra.  Capitalmind manages Rs. 1700+ cr. as a SEBI-registered PMS, and has quantitative investing strategies that use extensively tested factor data to invest into stocks. Our flagship Adaptive Momentum strategy has outperformed the market indices over 5+ years. References:  00:00 Introduction 00:17 Why does every company do everything in financial services? 12:41 Why aren't banks more aggressive in growing and pricing things lower? 26:40 Discussion on the success of Bajaj Finance and arbitrage between Banks and NBFCs 36:46 Why aren't banks aggressive on lending ? What's the issue with lending? 56:49 Deepak explains the Indian Bankruptcy code 01:07:13 What can we do to fix this?   More about us: https://cm.social/pms Schedule a call with us: https://cm.social/pms-connect   Deepak's Twitter: @deepakshenoy Shray's Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in Deepak's first book: http://amzn.to/3CgkGea

In this Supplier Wire Series episode of Modrn Business Podcast, Ryan Hicks chats with Raphael Rajan & Shray Mehra, Co-Founders of EZee Assist. EZee Assist is a platform that amplifies support and strengthens franchise relationships, by using AI to provide around-the-clock support to franchise owners and staff on all operational topics. Ryan, Raphael & Shray discuss why AI is the future of franchising, supporting franchisees better than ever before. Connect with today's guest: franchisesuppliernetwork.com/featured-supplier/ezee-assist/ VISIT EZEE ASSIST AT IFA BOOTH 330! Register for the Franchise “UnConferences” at www.franchisors.com.

"If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck", goes the saying. Arbitrage mutual funds are actually taxed as equity funds but they actually behave as debt funds. And this tax arbitrage of arbitrage funds is what the regulators may be looking to fix. In light of this, we have our latest episode of the Capitalmind Podcast, where we dive into the intriguing world of arbitrage mutual funds, also known as arb funds. In this shorter episode, our hosts, Deepak and Shray, explores the role these funds play in your investment portfolio and delves into the impact of recent changes in debt mutual fund taxation on arbitrage funds. Here's a sneak peek of what you can expect from this episode The Role of Arbitrage Funds: Discover the peculiar position these funds hold, being described as equity funds but offering debt-like returns.  Taxation Changes and Their Effects: Explore how the recent changes in the income tax code could potentially affect arbitrage funds. Deepak shares his insights on the first and second-order effects of these tax changes and highlights the potential short-term buying opportunities that may arise. Risk-Free and Low-Risk Investment Options: Understand the investment landscape going forward in the likely new tax environment. Discover what alternative options exist for risk-free or low-risk investments in light of these changes. Here are five key questions that will be answered in this episode What role do arbitrage funds play in your investment portfolio? How will recent changes in debt mutual fund taxation impact arbitrage funds? What are the first and second-order effects of tax changes on arb funds? What risk-free or low-risk investment options are available in the likely new tax environment? How significant is the presence of arbitrage funds in the stock market, and what does it mean for overall market volumes? Join us as we unravel the complexities of arbitrage mutual funds and gain a deeper understanding of their implications for your investment strategy. Show Notes & References 01:00 What do arbitrage funds (arb funds) do and where they fit in your investment portfolio? 08:30 Why didn't arb funds become the FD replacement? 12:30 How big are arbitrage funds and what does that mean as a percentage of total volumes/positions on the stock market? 18:45 Arbitrage Funds are a huge part of our market and it's a problem. Why? 21:30 First and Second order effects of taxing arb funds like debt 34:00 What are the advice or takeaways? If you have any feedback, ideas for future topics, or questions, we'd love to hear from you. Send us an email at podcast[at]capitalmind[dot]in. For those seeking professional wealth management services for portfolios exceeding 50 lakh, visit Capitalmind Wealth. 

"Taxation is the price we pay for civilisation," as the saying goes. But what happens when the price tag keeps going up? You may have thought you understood the friendly taxation system, until a new rule comes up that leaves you feeling like you've been sucker-punched. That's what recently happened when the government took away the tax efficiency of debt mutual funds and increased taxation. Suddenly, investors were left wondering how this would impact their investments and whether they needed to change their strategies. In this episode of our podcast, Deepak and Shray delve into the conversation around the new taxation rules for debt funds. They ask the tough questions that many investors are likely asking themselves such as: whether taxation should be a factor when investing in equities, what to do with existing debt funds, whether foreign investing is still exciting after all the taxes. But it's not all doom and gloom. They also explore other investment options such as MLDs, Gold, Real Estate, Startups, AIFs, and ETFs. Taxes are indeed taxing. But who knows, maybe someday Pink Floyd will come up with a new hit single titled "We don't need no TAXES." Until then, tune in to our podcast to stay informed and keep your investing game strong. Don't miss out on the show notes and references for this episode, where you'll find timestamps for each topic covered. So grab a drink, relax, and join us as we explore the fascinating and ever-changing world of investing and taxation. Show Notes & References Click here for the Google Sheet 8:50 Now all debt instruments are taxed similarly, isn't it now a fair system? 18:45 What should I do with my existing debt funds? 27:00 Should taxation be a factor while investing in equities? 33:00 In stocks, should you sell underperforming stocks and move to other stocks? 36:00 What about  MLDs, Gold & Real Estate. 53:00 How investments in startups are taxed? 56:00 What about AIFs and ETFs? 1:05:30 Is foreign investing still exciting after all the taxes? 1:09:00 Final thoughts

Things escalate and hit the fan very quickly in banking. It's fascinating to see how banks go belly-up for the same fundamental reasons but in an entirely unique way each time. It's like being served the same romantic comedy story again and again with different actors, locations, and songs. But, these banking crisis stories are not as enjoyable and they hurt real people financially and emotionally. In this episode, we discuss the crisis at Silicon Valley Bank. How this seemingly robust, conservative, bank with $180 billion in deposits tumbled down in just a couple of days. All was good with the Silicon Valley Bank until, one day, it wasn't. NO, there was no accounting scam. This isn't like Enron.  NO, there wasn't any irresponsible speculative betting. This isn't like Lehman.  This time it's a different story. But, with the same result.  Listen in as Deepak and Shray tell you everything you need to know about the Silicon Valley Bank crisis:  What actually happened?  What could SVB have done differently starting a year ago? Understand how rising interest rates affect the business of banking What is going to happen next? Lessons for the future If you enjoy Capitalmind Podcast, tweet to us @capitalmind_in and let us know. It doesn't take more than 2 minutes and is the fuel that keeps us going.

Anyone who thinks financial accounting is boring hasn't seen the creativity in some of the financial statements. Not just in India but across the world. In this podcast, Deepak and Shray discuss the shenanigans of financial accounting while referencing various case studies from the business world. This discussion is important because "new age" businesses in India have started reporting "adjusted" accounting statements along with standard reports. While we do understand the need for "adjusted" metrics to gauge the health of a business. Especially when the nature of business is unconventional and may not be represented well by the existing reporting system. But more often than not, such adjustments are used for misguiding investors.  Listen in to figure out:  Why do businesses need to report adjusted earnings? How cheques, affiliates, GMVs, and ESOPs are used for creative accounting?  If such reporting is legal, why should investors care? How do you recognize whether adjustments are real or not? Show notes and time stamps 1:50   - What's the big issue with showing adjusted revenues? 10:20 - Shenanigans of adjusting revenues go back to the days of AOL (1990s) 13:45 - Argument of using the contribution margin 23:00 - How do “adjusted” numbers mislead stakeholders? 27:30 - Examples of creatively using metrics to manipulate numbers? 52:40 - VCs & Investors want “adjusted” metrics to understand business performance 1:00:00 - How to recognize if adjustments are real or not?

  Stockbroking is a unique business enabling millions of people to trade billions of dollars of stocks with unknown counterparties. All trades, in this highly regulated ecosystem, are executed seamlessly, settled correctly, and recorded meticulously. It's fascinating to see how far India has come in making this ecosystem world-class and in some cases, the best in the world. In this podcast, Deepak and Shray discuss the nuances of stock broking and how proposed regulations will impact the stock broking industry. They discuss, in detail, the role of stock brokers, regulators (SEBI), clearing corporations, exchanges, and investors. As an investor, how brokers are regulated doesn't impact you directly. Yet, it is important to figure out what happens to your money when you click that buy/sell button on your app. Listen in as we talk about: How does stock broking work in its present form? What are the new regulations proposed? How will these regulations impact the stock brokers? How will it benefit the investors? Timestamps: 02:10 - How trades are settled by your broker and exchange? Earlier and Now? 14:15 - Moving from t+2 to t+1 in settling share transactions 16:20 - Now clearing corporation holds the transactions before settlement. Is it safe? 21:15 - The practice of commingling (shares & money) and regulations around it 40:00 - Drying up float income and the new role of a broker? 44:00 - How much does “no float income” hurt the broker? 52:30 - Will these regulations, meant to protect investors, actually lead to an increase in brokerage charges? 55:10 - Can these regulations prove to be counterproductive? 1:03:00 - Closing remarks

In this conversation with Shray, Deepak shares why he feels now is the time for India's concept of a Retirement Account - he calls it the MERA account. This account should help improve investment opportunities for retail customers, create a longer-term investment horizon and push people to save for their retirements. Listen in as we discuss: The concept of a retirement account Impact on the economy and people Imagining a retirement account scheme that works for India The operational aspect of such an account Who would oppose such a thing? Show notes and references 2:00 - Seven consecutive years of positive market returns for India 4:00 Seize the opportunity of India story with retirement accounts  Read: My Empowered Retirement Account (MERA) 8:30 Where do LIC and EPFO invest retirement money  "We're giving asset managers our retirement money and asking them to do great things for the next 20 - 30 years... But, they're not doing great things... They are conservative.. not letting me realize my larger risk appetite." 14:30 ELSS equity funds hold money for a longer period of time. Can't they act as retirement funds? 17:00 The peril of investing for retirement with post-tax money  25:00 Deepak introduces his idea of MERA - My Empowered Retirement Account (MERA) 33:00 Why does this matter so much at the national policy level?  41:20 Who are the people who would feel this is not a good idea?

As we slowly settle into the post-pandemic era, one of the hallmarks of this period has been higher inflation than we have seen in the recent past. In response to rising inflation, central banks across the world have responded with a fierce interest rate hiking excursion. As a consequence, neither of the asset classes–stocks, or bonds, have performed well recently. It raises an essential question: how should we look at allocating our savings? That's precisely what Deepak and Shray are here to talk about, among intriguing followup questions one may have when it comes to Investing in a world with high interest rates, including which pockets to consider in financial and real assets. Listen in. Timestamps and highlights 01:30 — To an average investor, is debt coming back as a relevant asset class? “If you have multiple periods of high and low interest rates, you might actually get very good returns on certain corporate, or even government bonds.” “[…] It's coming to a point where debt might actually start to become an interesting investment, simply because interest rates across the world have gone up. This is not the time to look backward, but to look forward and say going forward, returns might actually be quite good from here.” 09:40 — Looking forward, how should one look at asset allocation? And, when is the right time to look at the debt markets? “You might actually want to position yourself at the outer end of the spectrum in government bonds when the RBI switches its stance. But, until then, I think it's a waste of time because you may see interest rates go up substantially. And we don't even know how long they'll go up.” “Debt is a very boring instrument. What happens in equity markets in ten days, happens in six months in the bond market. It happens slowly over time, it's excruciatingly painful, and people rejoice over 1% returns. […] But, I think the value in looking at a bond market as an equity-esque investment, only happens when interest rates start to come down.” 25:09 — Will high interest rates emanate an opportunity in gold? “It is not inflation that drives gold prices, it's the fear of inflation that drives it.” 26:49 — What about opportunities in equity markets? “If in a low interest rate environment, the biggest beneficiaries happen to be zero debt service companies, then from an intuitive perspective, the beneficiaries in a high interest rate environment are companies with very high levels of debt, but whose competitors need the same levels of debt, but can't acquire it because they don't have the same standing in debt markets.” 40:03 — Are there repercussions on the startup ecosystem? “The unfortunate problem of startups is that they come from the concept of needing capital to burn.” 50:05 — How long do interest rate regimes last? “We have had a very long period of very low rates. Can that mean that we will have a longer period of high rates? The answer will come from how much damage there will be to the economy before the central banks blink.” 52:10 — How would we know when there's a pivot? “Interest rate cycles don't change overnight, they take a long time. Watching an interest rate cycle change is like watching paint dry. Six to eight months, something will happen, and suddenly the cycle would have changed.” 57:30 — What makes Deepak optimistic about investing in the current landscape? “If you don't deploy in an uncertain world, when do you deploy?”

Chris Meade used Gorgias to generate over $1,000,000 in retail sales, learn how he did, and you can too.Shray Joshi joins Chris to share big mistakes they've made during BFCM in years past.Sign up for Chris' weekly newsletter Cross Commerce here, and connect with him on Twitter and Linkedin. Chris Meade is the co-founder & CMO of CROSSNET, the world's first four-way volleyball game. Chris was honored with Forbes 30U30 for the 2021 Sports category. CROSSNET combines elements of the childhood game four square and volleyball in a competitive game to 11, win by 2. CROSSNET is now available at 3000+ retail stores such as Walmart, Target, DICKS, Academy Sports, Sam's Club and 20+ other retailers.

Trades trades trades! What a doozy of week. If you aren't making moves, you aren't moving makes baby! Shray joins the pod and joins the hottest of seats. Jake has some spicy power rankings takes that we know FOR A FACT will have Schraff questioning everything - even his elite Brett Rypien trade.

RBI released a discussion paper that said: We've let you good people live all this time with “free” payment systems, so should we allow banks to start charging now? Specifically for UPI, which has reached volumes of 10 lakh crore rupees per month? And should we charge merchants? Deepak's answer is a big NO. He firmly believes that the payments ecosystem (and the economy as a whole) will gain much more than any fees on UPI transactions will. As always, Deepak has a context to his argument and covers a wide range of nuances. Listen to this podcast to understand his view on different aspects of the UPI payments system, its evolution, and the ways in which it can drive innovation. Also, this podcast covers many different aspects than Deepak's earlier post on the same topic.  Show Quotes & Time stamps 02:00 - Deepak and Shray trade fascinating stories about payment systems before UPI. 07:00 - The interoperability of UPI is a game changer 10:30 - How much do we pay for other payment systems? “RBI spends 4,824 crores per year printing cash. None of that cost is borne by anybody except the government itself” 14:30 - The evolution of ATMs, Cheques, NEFT, RTGS, and the big role that RBI played in making these systems affordable for users. 21:30 - Has UPI always been free? Or has it also evolved over time to be free? “The government went to parliament and passed a resolution to make UPI free… That's the extent we went to keep this payment mechanism free” “1,00,000 Crore is now available to banks to make money by parking it RBI and earning interest…. This is because people want to keep money with banks to make UPI payments” 31:00 - How much does it actually cost to run the UPI payments system? “NPCI spends just ~680 crores per year maintaining the UPI infrastructure. Compare that against the float income that banks make on the additional 1 lac crore float” 34:00 - The argument that UPI is a toll road so you should charge for this "public infra" “Credit cards transact about 100k crore a month, debit cards 60k crore per month, ATM withdrawals are at 300k crore per month…. So even now, after all these years, credit + debit card transactions are not more than cash” 41:00 - If you don't let players charge for UPI, who will fund innovation? “Internet protocols were free and they disrupted the world through innovation” “Interestingly, in the payments ecosystem, all innovation has come from the regulator and not private players” 43:40 - Counter arguments from Deepak's Twitter on why UPI shouldn't be free. 44:00 - Google and PhonePe did all the handwork to make UPI popular. Now you're telling me I can't make money on it? “You're building a road and they tell you... you can never charge a toll. But you still keep building that road… that's the payment apps for you” 50:00 - Let's say that the biggest private players leave because you won't let them make a profit. The top 2 guys control ~75% of all transactions. What happens to the ecosystem now? 1:02:00 - Why regulators have enforced limits on incentives and fees? “Financial regulation is not like tech where if you're too big, rules change for you. Here, if you are too big, and you disturb the system, the regulator first makes you small and then beats you” 1:05:30 - Government responses to the UPI monetization paper were very harsh. Why so? “Hoarding cash is ok. Spending that cash on the economy creates a whole new economic system that's outside the view of the government. That's not ok” “From Jan 2020 to now, the total ATM withdrawals are flat. UPI has gone from 120k crore to 1000k crore. The fact that UPI transactions are free has reduced cash transactions” 1:09:30 - The number of UPI transactions has drastically increased. But, is that all? The UPI tech reached its full maturity? What do we have to look forward to wrt UPI? 1:14:00 - UPI as a credit check for lenders and a game-changer for quick small loans   There's a lot more interesting stuff ahead with UPI. We're just getting started!

Recently, as of 7th September 2022, total Demat accounts in India touched the 10 crore mark. This is a staggering increase from 40 crore Demat accounts in Mach 2020. This alone is a testimony of increased participation and inclusion of individuals in Indian markets. More and more Indians, especially youngsters, are taking to investing in equities enabled by their smartphones - digital broking, increased information access, and social media influence. The whole securities (stock) market ecosystem has evolved immensely over the past decade and deserves a lot of credit for the recent growth in the participation of new investors. At the helm of the ecosystem sits our regulators who are responsible to enable, guide, protect and watch the market participants to ensure that we have a fair and thriving market. In this episode, Deepak and Shray talk about the role SEBI can play in shaping the future of the markets. They talk about data warehousing, data accessibility, regulatory enhancements, bond markets, disclosures & reporting, and a lot more that would make our markets more accessible.  02:00 - As low as only 3% of household income is directed towards stock markets. Why are people so scared of investing in stocks? 04:00 - Game changers - Digital public goods in our financial system 09:00 - Data warehousing framework at RBI and its US counterpart 16:00 - Does an average investor even use the granular data that we're expecting the regulators to build for? 24:00 - What company data should a centralized database ideally have? 32:00 - The way Indian companies play with stock tickers 34:30 - How will this organized information make things better for all participants? 39:30 - Better information access makes our markets more accessible to FIIs 43:00 - Crazy things that mutual funds & companies do with disclosures 48:00 - PMS & AIF returns should be cross-verified and shouldn't be based on self disclosures “The more developed you are, the more signages you see on the road” 55:00 - SEBI is a far better regulator than many western counterparts. What do you still wish they should improve 59:00 - Would information disclosures will be a hassle for smallcase companies? 1:03:30 - AMFI - the Self Regulatory Organization (SRO) recognized by SEBI 1:11:00 - What can SEBI do less to make space for things you wish it should do? 1:15:00 - How much impact can SEBI have on increasing household participation in the markets?

In this episode of Food Chained, Shray Joshi (Founder of Good Peeps) shares some personal stories and how those have shaped his career. We also open up about fun and creative ideas we've had at past jobs that never quite reached the finish line. Tune in to learn a lot more about some Good Peeps.  Things we discuss:• Shray's story• Building brand vs. depending on ad spend• Fun brand ideas that never reached the finish line• Social/Influencer/Creator• Thoughts on the dark side of TikTok Show Notes: Connect with Shray Joshi on LinkedIn  Check out Good Peeps Check out Perfy on LinkedIn, Twitter, Instagram, and TikTok Connect with Vasa Martinez on LinkedIn and Twitter Check out Triple Whale Sponsor:   • Use code PERFY for 15% off Triple Whale. Triple Whale's powerful analytics platform clarifies your ad performance across channels, keeping you instantly in the knos 

In episode Eight of Down To Chat DTC, Cody and Eli chat with Shray Joshi. Shray is the Founder of Good Peeps, a full-stack marketing agency that helps scale and build the brands in your fridge and pantry. Good Peeps works with brands like Flying Embers, Kaged, Fly by Jing, and many more. Prior to Good Peeps, Shray was Director of Digital at Health-ade, and worked at other fantastic brands like Simulate and Cha-Cha Matcha. We chatted about the future of dtc marketing, how lots of short-term hacks won't work for much longer, and growing omnichannel brands. This podcast is brought to you by Swag.com and Wayflyer. Get 10% off your first order at Swag.com with promo code DTC10. Get fast, flexible funding from $10k to $20m at the best possible rates at Wayflyer.com/pod. Cody: https://twitter.com/codyplof | https://www.codyplofker.com/newsletter Eli: https://twitter.com/eliweisss | http://eliweisss.com Shray: https://twitter.com/shrayvj | https://www.thepeeps.co/

Crytocurrencies were all the rage in past few years on account of rising asset prices and volatility. Now, they are going through a bear market that has witnessed some popular currencies going totally bust. This pehnomemnon of an "asset class" going from hot to untouchable is not new. We've seen this again and again in different forms and proportions.  The current bear market in cryptos certainly impacts the investors, start-ups, promoters, and VCs who are directly involved in the crypto business. But, this bear market has second-order effects that may impact you as well. Listen in, as Deepak and Shray discuss the nuances of how the crpto bear market inpacts you.  Show notes & references: 01:40 -How does the crypto bear market have an impact on stock markets & economy? 08:30 - The indirect knockdown effects of crypto bear markets 10:00 - Digging deeper which other segments of the economy will face a slowdown due to crypto? 15:30 - The trickling effect of hot money going away from crypto startups 16:30 - Misunderstanding of risk by crypto investors 20:30 - The debacle of fancy virtual assets - Luna & Terra Refer: Terra's stablecoin UST collapses, LUNA falls 99% 24:50 - Learnings from Zee TV & Dish TV saga of taking loans from Mutual Funds via bonds Refer - Capitalmind post on Zee FMP Saga 34:00 - New investors moving to crypto with leverage and family savings basis TV marketing 39:00 - Why VCs don't let failed crypto companies die? - No, it's not for the right reasons. 48:00 - By Now Pay Later - bad small loans of small ticket size are a similar problem. 50:00 - Promotor fraud is now called Rug Pull. Refer - What is a rug pull?  51:30 - The case for printing more money 54:30 - The commingling problem that stock exchanges have already solved. Crypto exchanges still fight that problem. Refer: Deepak Shenoy tweets about these issues in Dec 2021 56:40 - Will Deepak one day invest in crypto someday in the future? 58:30 - One great thing that has come out of crypto markets If you loved listening to Deepak talk about money and finance. You'll also find his book quite interesting - You can buy the book here – Money Wise.

In this episode, Deepak and Shray unravel different aspects related to investing in gold.  Gold has been around as a store of value for a couple of millennia, probably longer, because of how little there is and how difficult it is to get out of the earth. Now get this - all the Gold mined would fit in a crate with sides of 21 meters. That's roughly the length of three and a half standard containers. Yet, in the last decade, this scarce and loved asset class has done just enough to match inflation. This means, adjusted for inflation, gold has returned nothing! Now, after putting returns of gold into perspective, we get on to the theme of our podcast - Does it make sense to invest in Gold? We look at gold from different lenses while we determine - If gold is a hedge against inflation? Can gold protect you in a crisis like war? Is gold investment to create long-term wealth? Is there an efficient way to invest in gold? Show notes and references: 01:30 - Is gold the safe heaven when everything else falters? 05:00 - Today all assets classes act alike and correlated Refer - How Gold has performed over years? 08:00 - Gold hasn't outperformed inflation in 2011! 12:30 - Times when gold did outperform the Nifty 15:30 - The second-order effects of gold smuggling 17:30 - Buying gold for emotional and goal-based reasons 20:00 - Should you buy gold to hedge against a crisis like war? 23:55 - Is buying digital better than physical gold? Refer - What is digital gold? 36:30 - Is gold as an ETF a good option? Refer - What are Gold ETFs? 38:30 - Sovereign gold bonds as an avenue for investing in Gold? Refer - What is the Sovereign Gold Bonds (SGB) scheme by Govt of India? 43:00 - What is the best way to buy gold? If you loved listening to Deepak talk about money and finance. You'll also find his book quite interesting - You can buy the book here – Money Wise.  

Shray Joshi is the founder of Good Peeps. He's run performance marketing at brands like Health Aide, and Nuggs. If you're a CPG marketer, this episode is a must watch. 5:45 How CPG entrepreneurs can plan for profitable marketing using data. You have to know your LTV for it to be profitable. 8:25 Finding undiscovered platforms that are more appropriate for your brands, and balancing the blend of offline and online advertising. Online targeting can translate to offline sales. 11:30 Keeping content production in-house (and what tasks are better outsourced), and keeping focus on more than just output. 16:45 Understanding the relationship between brand and product. Your brand is more than your product and packaging, and not every product needs to be a brand. 19:00 Why Shray is starting his own startup.

There is a lot to unpack about this new digital currency RBI is talking about. Deepak and Shray built up the discussion by pondering over successive questions. Deepak takes us through how cryptocurrencies currently work. This sets up the context to the current ways of handling digital currencies and we move on to discuss the RBI-backed digital currency - Central Bank Digital Currency (CBDC). Key Points  How CBDCs are not cryptocurrencies? And how are they different? Is CBDCs actually required or is it a response to the popularity of cryptocurrency? So basically, why now? Is the CBDC likely to be anonymous like cryptocurrencies? Can CBDCs be an alternative to the SWIFT system given how Russia has been isolated by the world right now? Impact of CBDC on Monetary and Fiscal policies?

How do High Net Worth Investors invest SO much in IPOs? Nykaa's IPO saw Rs. 1,00,000 crores invested by the well heeled Indian investors. But not much of it is their own money - they borrow it. In this episode, Deepak and Shray unravel the dynamics of an IPO application for HNIs. From the rules of allocation, the big business of IPO funding, how HNIs can borrow 100X their money,  systemic risks, how grey market premium (GMP) works, the role of regulators and the road ahead. Read more here

On today's show, Shray asks Deepak about how to make sense of the past two years in the markets, macroeconomics, and the seeming irrationality of it all. They also talk about how to look at the year ahead.  Highlights 2021 bad year with all the lives lost, but it happened to be good for markets with the number of IPOs at an all-time high NIFTY returned approximately 23% and has been positive for the 6th consecutive year India being top-heavy, from the income distribution standpoint caused the kid of market outcomes we saw Small firms got hit the most, and that may not be sustainable in the long run Markets don't care about death and destruction for sure. But what moves the market? We've normalized, letting go of our freedoms, and irrationality could be the new normal. Inflation could actually be a function of supply than demand If the market didn't go down in these pandemic years. How can we make any event-based predictions? The boom in startup funding. Has equity become cheaper than debt? Read more at https://capitalmind.in

The matchups are set!!! Svec clinches the feared six seed and thus the championship - great season everyone. Shray seeks to rewrite the narrative and upset No. 6 Svec while underwhelming Schraff faces underwhelming Chris to round out the playoff bracket. Will and the commish rest easy knowing they're safe...for now.

How does P2P lending work in India? How safe is P2P lending? Deepak and Shray explore how the industry works, the risks involved and whether the returns are enough to justify the risks. Summary Banks keep a considerable spread between the interest they offer on a deposit and the interest they charge a borrower. So, some people think, why is the spread so big? Why can't I deal with the borrower directly and receive more interest on my money? The problem is you don't know the person you are going to be lending money to. In comes the P2P lending company, which acts as a sort of intermediary between the lender and borrower. When you give your money to a bank (as a deposit), the bank will guarantee that you will get your money back. But in the case of P2P lending, there is no such guarantee that you will get your money back. Another problem with P2P lending is, no one outside knows the actual default rates, and they are often much higher than what these companies report, even though the whole operation is legal. In P2P lending, you don't see one of the three Cs of lending – you don't have collateral; you have capacity and creditworthiness. One of the reasons why P2P companies have flourished is that banks, which should ideally lend money to people whose credit might be questionable, don't lend to them. But the answer is not to 'lend' them money. You can consider it as a form of charity, in which case, even if you don't get the money back, you don't mind losing it. And there are companies that work on this model. An alternative could be microfinance. But there are problems there too. Often, multiple microfinance companies want to lend to the same borrower, who uses the money for purposes other than what they were intended for, with the result that they are not able to repay. But microfinance companies can take this pressure because they are a company. A P2P lending firm is just an intermediary. They have no way to recover the money if a borrower refuses to pay, except send legal notices (because there is no collateral), which may not work. So, the gist is, if you want to give loans through a P2P lending firm, only lend so much that you won't mind even if you lose the money. Give it for charitable purposes. Give it to people who are in such bad shape, they can't afford anything else. Read the full transcript.

The league is hot!!! Shray is not!!! Just fantasy-wise cause man oh man he's scorchin' otherwise. Grant's team falters in a big way while RJ crossing the 100-point threshold is spoiled by a 60-point thrashing courtesy of ze commish. This pod features Jason Dobkin, our beloved voice of reason, and quite frankly if you don't enjoy each and every one of the 6,300 seconds of this episode than we don't want your ad revenue anyways!

Who else is just loving Thursdays, Sundays and Mondays now? Oh and also Thursdays because hot content is droppin!! The pod is back with a guest who just can't seem to win despite consistently being heralded as an elite team. Poor management, injuries, underperforming - Shray, the storm is a brewin; what are you going to do to right the ship?

Football was hot out of the gate - with five (FIVE!) teams scoring over 156 points, led by the Commish himself, Mr. Yard Goat. Shray nabs the sole hockey point as he was victimized by Jakey's full-bodied, well-balanced attack, Schraff calls out sick to work on Tuesday after just a disgusting performance and Jason does what Jason does best: lose. What a week.

How do you plan for a smooth transfer of your wealth after you die? And how do you help someone whose loved one has passed on? In this episode, Shray and Deepak explore what you must do in an unfortunate circumstance of a loved one's death, and for an easy transition in case of your own. We also invite Harshavardhan Ganesan, a practicing lawyer, to give us the legal perspective. Listen in for real life anecdotes from covid, succession certificates, legal wills, and some counter-intuitive learnings.

Are the recent problems - GME, Greensill and Archegos - signs of a damaged financial system that is so terribly fragile that a slightly bigger disaster can easily crush it? Like what Covid has done to the world's health system, are there more hidden risks in our financial system that can trigger a repeat of 2008? In this episode, Deepak and Shray explore what's happened in the US over the past few months, and examples of hidden leverage within India - from Harshad Mehta to Karvy, Zee, DHFL and more.

On today’s show, Shray asks Deepak about government borrowing and debt, how the RBI can help bring down borrowing costs, the new rules that make your provident fund much less attractive and how we can now invest directly in Government bonds instead of Fixed Deposits.

In this episode, Shray and Deepak discuss the evaporating returns from safe investments such as FDs, what it means for lending, and how should you invest in this new (to India) low interest-rate world.

In this episode, Shray and Anoop discuss momentum investing and how we implement it as portfolios at Capitalmind.

Wow. Just when you think you understand the league, the Reverend turns the world upside down defeating the absolute goliath in Grant's Guys Got Game. No one would have guessed that Grant's sexy team led by the sexy GM Grant would have taken the L to RJ's monstrosity of a team but hey, any given Thursday, Sunday, Monday and Tuesday. The commish takes sole possession of first place after a dominant performance despite missing a few pieces. Svec's team halts the downward spiral with a favorable matchup, but questions still loom as Falcons offensive struggles continue. Chris Johns is on fire, Shray is ice cold and Shawn continues to march on despite his disgustingly gross team.

Shawn and Chris use commissioner's disrespectful power rankings as locker room material and play motivated football. Shray gets worst sleep of past 6 years, citing the ghost of Robert (are we sure that's his first name?) Tonyan as his eternal haunter. Will accidentally wins. Schraff can't out tank RJ. Jason stays true to his tank. Grant shocks the fantasy world with stifling defense, holding powerhouse Kincer to less than 114.1 points. The sellers are selling and the buyers are buying! Whether the owners are sniffing the playoffs or Trevor Lawrence's jockstrap, owners continue to deal.

An instant classic as the Jakes duke it out for the top spot in the PFF Power Ranking. Grant drops the first trade domino as he gets one step closer to contending with the additions of Chris Carson and Cam Newton. Gaines (Derrick Henry) and Steve (Robby Anderson, Michael Gallup) each make deals of their own. Jason, RJ and Schraff commit to the sell. Is Shawn next? Is Shray after Shawn? Is Will after Shray who's after Shawn?

In this episode, Deepak and Shray invite Ruchir, co-founder of OneAssure, to walk us through how to get started with health insurance. 

In this episode, Shray and Sandeep discuss how adding a trend following layer to a long-only portfolio can help enhance returns and lower drawdowns, in the context of Capitalmind Chase - our own such strategy.

So in this episode we have MR. SHRAY RAI TIWARI he is really an inspiring person love the way he explains his journey. Hope you all guys will like it and follow my show #thatfilmyguy for more awesome podcasts on its way. follow Shray @shrayraitiwari and me @technoaryan123 till then keep creating keep exploring and i'll see you in my next one. #technoaryan #thatfilmyguy --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

On today’s show, Shray asks Deepak about the recent downgrade of India by Moody’s. Should we care? Are rating agencies more or less relevant after the 2008 debacle and what does the downgrade mean for India. Preview "There’s an internal class system they have developed. Whether it is between companies or across countries. The developed countries get a different framework to work with and what they call the non-developed is held to a different standard."

On today's show, Shray and Deepak discuss debt mutual funds. How do they really work? What do they invest in? And how do you evaluate these funds before investing in them? Preview "The whole money supply in India is about 150 lakh crores. Half of that is in Fixed Deposits with banks. Around 30-40 lakh crores is sitting with government bonds/funds issued by the government. The rest in retail deposits. Debt Mutual funds are nascent in comparison... we’ve calculated that you can pay 80% less tax if you hold a debt fund giving roughly the same interest as an FD if you hold it for 3+ years, even if you take out money from time to time. The tax advantage is huge for individuals who are in higher tax brackets."

On today's show, Shray and Deepak discuss FIIs (Foreign Institutional Investors). Who are they, how big are they, and what role do they play in our markets? Read the transcript here.

Shray and Andy make their best bets, and talk NBA, XFL and NCAAB. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Shray and Andy recap the Fury Wilder fight and talk NCAA and NBA picks for tonight! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Shray, Andy and Jeff recap the week that was and talk about the plays they like for XFL, PGA and NCAAB. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Jamo checks in drunk from the Waste Management Open in Arizona, Andy checks in drunk from the back of a cab, and Shray puts up with them. The guys discuss the match-up between the 49ers and Chiefs. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Shray, Jamo and Andy recap the NFL Championship weekend and give their first thoughts on the Superbowl, including prop bets. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Shray, Andy and Jamo discuss what was a tough week for them, and look forward to the action this week, including the NFL Championship Games and the McGregor vs. Cowboy fight. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Shray, Andy and Jamo review last weeks action and discuss the upcoming National Championship Game and NFL Divisional Playoffs!

Shray, Jamo, and Andy introduce themselves and talk Wildcard Weekend, and their best bets of the week. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Welcome back to the IDHTTW podcast!! This week we talk to Shray aka Grim: https://www.instagram.com/grim.bhardwaj and Nick https://www.instagram.com/nicksenam/?hl=en Check out the episode with my wife Carley: https://www.youtube.com/watch?v=FwuM-1iwaaQ&t=1861s Please follow us: www.facebook.com/idonthavetimetowork www.instagram.com/idonthavetimetowork www.twitter.com/idhttw www.twitch.tv/idonthavetimetowork

So last month we brought you The Music of Erich Zann. This month we decided to keep the cosmic horror going. And why not? It's our 10th year of podcasting and our H. P. Lovecraft fans have been very good to us, so we'd like to be very good to them! This month we bring you The Rats in the Walls-LIVE by H. P. Lovecraft, adapted for audio by Brad Strickland, with music by The Ghosts Project, accompanied by Alton Leonard. This performance was part of our 2012 celebration, Lovecraft's Nightmares. And it's available for sale! Up to now, performances on the podcast were exclusive to the podcast, but you can download this performance from Bandcamp. Or, if you're a purist, you can get the original recording that featured Harlan Ellison! For the uninitiated, Lovecraft's Nightmares was our monthlong celebration of the master of cosmic horror. For four weekends in October, ARTC performed a different Lovecraft adaptation from our catalog. The first weekend, we led off with The Rats in the Walls, featuring Dave Schroeder in the role of Delapore. [caption id="" align="aligncenter" width="332"] Dave Schroeder pronounces it Shray-der.[/caption] And, as if a month of Lovecraft weren't enough, we invited our good friends Paul Mercer and Davis Petterson, The Ghosts Project, to play along. You can hear them on several of our other performances as well, such as The Island of Dr. Moreau, The Call of C'thulhu, and At the Mountains of Madness, and their music also serves as the intro for our podcast! [caption id="" align="aligncenter" width="500"] Paul Mercer pronounces it with a viola[/caption] Keep a lookout for more collaborations between ARTC and The Ghosts Project!