Show Notes
The Bank of Japan unwinding its Treasury holdings is one of the least discussed but most consequential trades in global markets. Anand and Vinod break down how the yen carry trade works, what forced unwinding looks like, and why a shift in Tokyo shows up in Indian markets within days.
More from Anand Talks
A great business at a demanding price is still a valuation question. We examine Apple's moat, services mix, and cash generation against what 37x actually requires — and what Berkshire's exit does and doesn't tell you.
An oil shock transmits to India through the current account, the rupee, and the CPI print. We map the chain from a shipping chokepoint to your portfolio, and discuss whether the petrodollar framing holds up.
Anand's years on the Madras Stock Exchange floor, and what they taught him about how ordinary people destroy wealth. A conversation about lifestyle inflation, EMIs, and the unglamorous arithmetic of compounding.
Wipro near cash value, Natco under 10x earnings. Are these classic Graham bargains or value traps? We use both names to work through the difference between statistically cheap and genuinely undervalued.
Marks built Oaktree on a simple asymmetry — avoid permanent loss and the returns take care of themselves. We go through his framework on risk, cycles, and second-level thinking, and how to apply it in Indian markets.