In last few months, seeing many folks with 15–20+ years of exp are walking away from cushy corporate jobs to build something of their own.
Others stay put, calling it “safe,” while knowing they’re one layoff away from panic.
Strange times.
Gen Z, believe me, these things will not change. Accept them now else be forced to later:
Money is very important
Being rich beats being poor
Being very rich usually feels good
Your own house is your own house
A car is better than a bike
Family always comes first
Families fight but families come first
Love always matters
Negativity sucks
Friends are important
Reputation matters
Trust is really important
Friends are very important
Going the extra mile usually pays off
Ghar ka khana is ghar ka khana
Raees baap is a super power
Don't piss off your parents
Ma ka thappad dua samajho
Baap ka thappad warning samajho
Biwi ka thappad kabhi nahi
Food with family at home is holy
Food with friends is happiness
Relationships matter
Big happy families are rare
Learn how to cook food
Cleanliness matters
Discipline elevates mediocrity
How you look doesn't matter
How you feel always matters
I have some advice for budding financial advisors. Join India's largest advisory firm. Take a guess, take a guess.
The typical Indian consumer gets his advice for free from Youtube/Insta/Social media and executes it for free on Zerodha/Groww. He or she won't pay. Just WON'T PAY. MFDs with legacy books have done well. But 5 years of a raging bull market haven't grown their numbers. RIAs have declined. Fintechs have raised money, thrown money at the Indian consumer and failed. Only one success stands out - Youtube!
Indians simply won't pay for financial advice because they are paying Youtube already. One way or the other. Creators are basically 'associates' of this giant wealth company. They were smart enough to join early and reaped the rewards. Brokers were also smart. They not only own huge YT channels but since execution happens 'for free' on them, they're double beneficiaries. AMCs are joining the party through associate firms.
Some 'high end' consumers might pay a bit for advice. But it is a struggle. I've heard India's most premium wealth manager (can't take the name) struggle to collect fees. No amount of Sebi circulars, well intentioned warnings and finger wagging (including by me) have done anything to even slightly affect this model.
What about AI? AI can create videos too. But that shift hasn't happened in a big way yet. Frankly, not sure AI will change much.
Do you agree with me? Very keen to hear views from seasoned people out here.
Midnight Munching should be the biggest Quality of Life indicator
Introverts who prefer to sleep at 8 PM, don’t come to Mumbai. You deserve boring Western Life.
Pic Source - me 😇
Wall Street banks are poised to grow their India hubs as Trump's H-1B visa crackdown makes bringing talent to the US more costly. https://t.co/hYPzkcT3ZW
📷: Aaron Schwartz/Bloomberg