Raunak Onkar heads the Research department at PPFAS Mutual Fund. He started his career at PPFAS as part of his internship during MBA.
He holds an MMS (Finance) degree from the University of Mumbai.
There is a saying – “When the student is ready, the master appears, but when the student is truly ready the master disappears.”
Those who do not have experience, learn by watching & studying others. It’s a valuable part of our development. This is exactly how kids learn how to speak or pick up a vocabulary and an accent by imitating and watching their parents. Mirroring others is an established form of learning.
A few months ago I read a very nice post by @Alex_Danco on why VC’s should play bridge. It’s worth reading & it inspired me to write from my own experience of learning this interesting card game along with my friends, during the lockdown.
For any investor it is impossible to ignore these steps, the data, the analysis, the partnership, the expectation, the execution & finally luck.
In my view, the game of bridge is so well designed, that we get to see all these things play out in every single gameplay.
I got another chance to present on a very abstract topic which I have personally found very hard to articulate. It was thanks to (@NeerajMarathe) Neeraj Marathe’s four day course at FLAME University. FLAME Investment Lab provides a very unique learning platform for professionals.
Traditional Textbook Economics has the point of view of maximising utility. It means that each individual’s action in the economy is based on the expectation that they will make the maximum possible gain from a transaction. Whereas, behavioural economics has taught us, painfully, that we may not always be doing this well. We may set out with the best intentions of maximum gain but many times our actions fall short of the goal.
“It is not the final action, but the motivation underlying the action, that decides what is or is not viewed as cooperative or fair behaviour.”
– Games Indians Play by V Raghunathan
What do we know so far…
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