This was India in 1947:
Life expectancy 32 years (most South East Asian countries were almost 20 yrs ahead)
We have come a very long way since and must always remember all those who fought for our freedom, giving up years of their life…or even their life itself.
And those who put a framework in place: who had the vision, strategy and execution to take a road no other post colonial nation took.
I do not think we appreciate enough that the path with took was not the only one possible.
It was not inevitable, or even easy!
In 1947, almost no one would have bet on our surviving as an united nation for 75 years, with a functioning democracy.
Why a Constitution that has lasted 75 + years is itself an outlier in the 900 odd constitutions the world has seen.
It took a lot of thinking, passion and execution.
Even a simple thing like Universal Franchise was not the norm.
Let alone developing countries of Africa and South America; Switzerland gave voting rights to women only in 1971.
Canada, Australia and United States gave voting rights to their ethnic minorities only in the 1960s.
There is no other parallel even till date of a post colonial nation at anywhere close to those poverty levels, making a smooth transition to a liberal democracy.
Most fell into various forms of civil strife, military takeovers and where there were charismatic leaders, they became dictators (eg Indonesia and later, Philippines).
AND none of those Nations had the added challenges of India in terms of diversity of languages, cultures, religions etc.
I repeat none of this was accidental. To give only one example:
Both India and Pakistan had armies which had the same origin so why is it that Pakistan had military coups and military dictators, and we did not? It was part of a step by step process to ensure that the military remains under civil rule.
Those who founded the country did their bit, now it is on us.
Let us not take what we have for granted.
Two areas to my mind for focus: Job creation and Technology/Science/ Innovation.
The latter is an area where we went above and beyond in our early decades. No other country at that stage of development even dreamt of areas like atomic energy & space research!
The rest of Asia had barely any Management institute even till the 1990s - 30 years after the IITs and IIMs.
Even in the '80s it appeared strange to many, including myself, that how could a Prime Minister talk of computers & telecommunication being a priority in a poor nation - but that's what vision is about.
That is what drove the economy & job creation for decades on end.
But we've taken our eyes off the ball in the last few decades and are getting left behind in the innovation game. China is extremely focused on every new area of technology from neuroscience & biotechnology to renewables & semi conductors.
Our demographic dividend will also dissipate if we can't find jobs for young people and specially for women.
We need to do our bit to be worthy successors to those who gave us a free nation
Happy Independence Day
From the desk of
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Einstein taught us about relativity in nature. Now come Devina Mehra and Shankar Sharma of First Global to teach us about relativity in financial markets -- and raise some serious questions about just what is driving stock prices.
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We can load above testimonials on site as a scroller, and just below that we can add a section for compliments . Below tweets are comments and praises are related to our content, performance and some our direct compliments to you.
ADIT PATEL @ADITPAT11226924
Good team... Special mention @KarmathNaveen .. he is soo helpful anytime of the day or night..
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I have 8 small cases and your has been the most rewarding ones .. thank you Devina.
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There is absolutely no doubt that she is one of the best investors of India in modern times but more importantly, she shares the most sincere and sane advice with retail investors.
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"The ability to be comfortable with being outside consensus is a superpower in investing...and in life." Devina ji hits the nail on its head!
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Congratulations @devinamehra mam! All the best for long term returns as well.
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This is the wonderful session I have ever attended till date. One of the most fruitful hour of my life. Devina madam, ur clarity on financial mkts is simply superb.The way u portray the facts supported by "data" about stock mkts is really astonishing.I will listen again.Thanks.
I loved to read your journey, insight and philosophy. It's a pleasure to read and know of your takes on market and life.
Check & follow @devinamehra's timeline for lots of post debunking such rosy stories. Also, she gives amazing 🤩 sector directions/hints.
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Good actionable insights, great article!
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Very difficult to emulate such traits. I listen her past interviews from youtube.
One of the brightest minds in the world of finance :)
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Excellent performance. Flexibility is the key as you have mentioned it earlier also. Cannot have finite rules for infinite mkt opportunities.
To be honest, the insights which Devina madam brings in is very enriching..have learnt a lot from them...
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One of the most accurate analysts :) I always look forward to you interviews mam
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Madam, It is always a treat to read your insight, not only on business but on other topics also!!
Thanks for this wisdom ma'am. Always love hearing your thoughts on everything equity. :-)
Excellent points! Can clearly feel this thread is a product of marination of many books and years of experience. 👍
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