1:25 — Setting the stage: Why Paul went to India for investment research. Was there a catalyst for it?
3:30 — Paul’s thoughts and observations while riding in cabs in India. It’s about seeing with your eyes; seeing the need for capital. India needs capital and it will require a return to attract it—and that compounds wealth at the company level.
6:15 — A complete front-page ad for an IPO in an Indian newspaper and what that implies for investors.
7:50 — Paul's impressions on the management teams he met with:
- Getting a sense of what management teams focus on
- Paying attention to subtle nuances
- Sharing a company’s innovative “push and pull” strategy
14:00 — How the wide range of Indian management team capabilities creates more inefficiencies in the market and therefore more investing opportunities.
20:22 — On brute force screening and the number of potential investment opportunities Paul found on his trip.
21:45 — The presence of technology in India and its ramifications on the economy (e.g., how India’s 2016 demonetization affected mobile technology usage).
26:30 — Paul reveals his main takeaways from his trip (importance of the Modi administration and the strides the banking regulators are taking).
29:52 — Rapid Fire Round. Get to know Paul a little better.