Vikas Khemani - Founder & CEO of Carnelian Asset Management

Breaking Investment Stereotypes with Rajkumar Singhal

My guest for today is Vikas Khemani. Vikas is Founder & CEO of Carnelian Asset Management. He has ~25 years of capital markets experience, before founding Carnelian, he was CEO of Edelweiss Securities Ltd, where he spent 17 years incubating & building several businesses to leadership position including Institutional Equities and Equity Research. he enjoys strong relationships with Corporate India and is associated with several Industry bodies & committees including the CII National Council on Corporate Governance, FICCI Capital Markets Committee, Executive Council of Bombay Management Association. He is also a member of Young Presidents Organization (YPO), a global forum for entrepreneurs and CEOs and was awarded Young Professional Achievers Award for the service sector by the ICAI in 2014. His passion for investing took shape during his college days and continues to drive him.

Besides being an avid reader and poker player, Vikas enjoys yoga, meditation and has been running marathons since the last 15 years

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Show Notes:

00:00-02:40 Introduction

02:40-04:06 Vikas's EBC Trek Experience

04:06-10:11 About Vikas & Carnelian journey

10:11-13:55 Vikas's perspective on his tweet - "The desire to perform all the time is usually a barrier to performing over time."

13:55-18:02 Carnelian strategy and the shift in their strategy

18:02-21:40 Sector within Manufacturing sector where Vikas sees more potential

21:40-25:11 Does Vikas classify himself as a contrarian investor & when is big money made according to him

25:11-30:20 Vikas's best and worst investments

30:20-32:20 What is worse - 'Buying a wrong company' or 'selling a good company early'

32:20-35:34 Vikas's view on the financial sector

35:34-39:21 Vikas's view on the Reliance Industries

39:21-43:12 Investing lessons one learns from Poker

43:12-47:44 Vikas's view on digital businesses in India & their valuation

47:44-49:58 Stocks to avoid

49:58-53:00 Breaking Stereotypes

53:00-56:30 Healthy habits that one can incorporate in their daily life

56:30-1:00:10 How does Vikas make sure he is right on his spiritual track too

01:00:10-1:01:10 Book recommendation

1:01:10-1:02:30 Vikas's personal investment asset allocation

1:02:30-1:04:50 Regrets & things Vikas is looking forward to in life going ahead

1:04:50-1:07:01 Advice to 20 year self