Why the Rich Are Moving From Cash to Gold | Money Printing, Inflation & India’s Opportunity | FWS 73

"the debt crisis that they're going to go through... I think that you know we are in that stage where there's going to be a big reset happening and um the US is very close to a debt crisis so they are sitting on 37 trillion of debt all of that needs to get maybe 30 trillion odd needs to get refinanced in the next 4 5 years"

"The little book that beats the market... you know if you run this formula wherein you rank businesses based on return on capital employed and based on a valuation filter say price to earnings or EV by EB if you if you just give 50 50% weightage and you buy the top 30 businesses year after year you'll see a very beautiful portfolio... I I think it would have done like 25 odd% peranom"

"the perfect age is between like you know you want to catch them when they're young. Let's say like a 35 40 year old guy. So he's probably seen 10 15 years of you know good experience in the business probably seen as failures and then that's where his career takes off and then from 40 to 60 is probably his peak right and you want to hold him out then. So you want to buy small businesses when you're looking at small businesses promoters really matter. And that sort of we've seen that those stats that that between the age of 40 to 60 um you know making that say five or tenx the probability of making that is a lot higher."

"if you want to run a very safe portfolio today and I think like you know looking at where the US is looking at um the kind of money printing that's going to come in the next four five years the debt crisis that they're going to go through you're saying it's going to continue for four five years this crisis I think that you know we are in that stage where there's going to be a big reset happening and um the US is very close to a debt crisis"

"When inflation goes up everyone understands that all asset prices go up which is real estate equities gold"

"print 1520 trillion in the next 3 years think about it what will happen to asset prices right? So you know even though we are in a volatile environment and there is some amount of risk to investing today I think the bigger risk is not investing because whenever they start printing in full throttle the value of your currency goes down is going to go down right so you have to hold on to hard assets you'll not realize you'll become poor in 5 years"

"The call for gold essentially came from two things, right? One thing was that um lot of money printing is going to come into the future. They've already started printing a lot of money. So that's why price of gold will go up. Even price of land should go up. Um the second thing was that gold is sort of driven by central banks."

"I think um people are<bos> realizing that it's not going to be this now in the next 10 years. We're going to see a downfall."

"So that age of the promoter but you know you want to back this by data you can't have one or two examples you know cuz a lot of people say 65 you know stock 10x so there are this entire entire world of quant works on stats right correct you want to sift out the role of luck"

"and you know your question was he's sort of sold Apple. I think he understands where the US is. I think he is sitting on the highest amount of gas he's ever sat on. I think he's sitting on about 35 40% in the form of cash in his portfolio. I think 30%. But he shouldn't do that. No, because the currency is depreciating. Yeah. So I think he's trying to time the market. He's expecting a big crash."

"So it's going to definitely be a lot higher than what it is today. And I think um why I say that I think I say that for all hard assets whether it's land, gold or equities."

"you have to hold on to hard assets you'll not realize you'll become poor in 5 years"

"and that's what happened with the blackberry right so essentially I think research in motion was the company name and I think it fell by like 80 90% and it's nowhere to be seen right so I think on the tech side these things will constantly happen"

"So idea is that first you try to save as much to get to that corpus right say you get to 10 crores 12 crores that number to get to so you know even Ramde gets you know says this right to get to the first cr is the hardest right somehow you get to the first cr then the compounding journey once it kicks in right you'll not even realize the number will keep getting bigger and bigger and bigger and the moment you have say like 5 cr 6 cr rupees and you're making 20 30% peranom so that's one one a half cr a year"

"Tesla is disrupting two things. one is the EV segment... and second is driverless vehicles... and ah one more thing last last thing is robotics"

"in the next 10 years we'll get there our market will be a lot bigger and you know if we were having this conversation 10 years ago I would say maybe you know I don't think I can manage more than 300 crores 10 years down the line when we speak again probably the number will be you 30,000 crores."

"So as an investor, right? If I were to follow even a subjective investor like a Buffett's principles, um I would say that if I can't predict earnings, I'm not going to touch the stock because then there's no margin of safety, right? If you're entering at say like a 100 times or 200 times or even a 300 times earnings, what's the margin of safety that you have, right? You don't know because if you're wrong, if the industry changes, you could lose probably 70 80% of your wealth also. And we've seen that in the past to the tech boom."

"So no one wants to hold currency anymore. So what you're saying is this will keep continuing. Printing will keep continuing. Printing will keep continuing. Value of currency will be worthless."