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12 ArticlesDeepak’s Memos

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Wealth Letter May 2021: Clutching at Straws in the Second Wave

The Covid has changed a lot of things. You can actually see how much it has changed by a few graphs that I’ll now proceed to show. But let’s look at it as ...
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Wealth Letter April 2021: Sleeping and Staying Awake

I was going through some really old papers, all the way back to 1977, in an effort to finally clear out a box of papers that we had kept since my father passed ...
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Wealth Letter March 2021: The Month of Crazy

The Indian budget revealed one big thing: the government is going to borrow a lot more money. From a 7 lakh crore of planned borrowing last year, we’ll see ...
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Wealth Letter Nov 2020: TINA. Where else can you go?

The alternative to stocks is…stocks.  There is no alternative (TINA) is the mantra. No alternative to stock markets, at least abroad. Because they’ve ...
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Wealth Letter Sep 2020: Making sense of the Market Madness

This post is an edited excerpt of the September 2020 letter to our Capitalmind Wealth PMS clients ...
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Wealth Letter July 2020: The Second Order, After the Wave of Liquidity

There’s this company called Meru. It offers cab rides to the airport. And then Covid hits us. No one’s taking rides to the airport. Very few people want ...
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The Dichotomy of Markets

In 1958, US Industrial Production had fallen 10% in a year. The stock market was up 30%. John Templeton wrote "The influences on stock prices are so numerous ...
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Wealth Letter April 2020: Locking Down and Getting Free

capitalmindwealth com] Firstly, let me say I hope you are all safe and that none of you have to face the medical challenges of Covid-19. These are tough ...
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Wealth Letter Mar 2020: The Coming of a Kinda-Sorta Perfect Storm

The early part of March brings us the return of serious volatility, mainly from three large factors: The Coronavirus spread beyond China Yes bank’s slide ...
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Wealth Letter Feb 2020: Budgets, RBI and a World Virus Scare

There’s a big fear of the Novel Coronavirus impacting everything around the world. The virus seems to be restricted largely to China, and with other ...
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