(Click image to play) In this episode of the Investor Views series, Nitin Shakdher and I talk about some of the challenges and opportunities he’s faced this past year and what he looks forward to in 2021.
In this episode, Nitin and I talked about:
How Green Capital is invested terms of regions and asset classes.
Primary investment areas of Green Capital Single Family Office.
Investment opportunities post COVID.
Challenges in terms of relationship building and decision making post COVID.
How Green Capital has effectively managed risk.
The limits of ‘virtualization’.
Why Green Capital is avoiding Bitcoin right now.
Mistakes capital seekers make.
What Nitin is looking forward to next year in 2021.
2:44 “COVID provided a great opportunity to invest with asset prices down 45%, which only happens about every 10 years.”
6:15 “Without volatility there is no opportunity and without risk there is no way to get a return….We have a calculated risk management system…and that tends to work very well for us.”
8:10 “We are definitely avoiding Bitcoin right now, for sure. We are avoiding over-expensive, over-leveraged equities for sure.”
9:20 “We’ve always considered Bitcoin to be a trading asset class rather than an investing asset class. …I’m not really sure about the adoption of Bitcoin as a currency tool. …I’m ok with blockchain as a technology, so we’ve differentiated that part.”
11:13 “We were already heavily into cash before the pandemic not because we researched the pandemic but because valuations were expensive and it made more sense to be in cash.”
12:00 “We like to meet people face to face. We like to establish relationships in terms of sitting across the table. There’s a lot more difference from talking in person versus virtually.”
16:00 “Decision-making is different (now), it takes longer. Virtualization has its own limits.”
17:20 “Cold calls and cold outreach does not help in this environment. A lot of people make that mistake. They think everyone is waiting there to see their proposal, but that is not true.”
17:50 “The best opportunities are those we have seeked out rather than those that have sought us out.”
18:20 “I think people forget, we should establish a relationship first and then talk about deal flow and investing. Relationship development takes time.”
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