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Nikhil Kamath - Co-founder of Zerodha, True Beacon and Gruhas

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#NithinKamath: Founder & CEO of Zerodha

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#KarthikReddy: Co-Founder and Partner of Blume Ventures

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#RajanAnandan: Managing Director of PeakXV Partners

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#nikhilkamath #WTFiswithNikhilKamath #Nikhilkamath #Podcast #WTFiswithNikhilKamath #WTFisVentureCapital #VentureCapital #PrivateEquity #AngelInvesting #Funding #Finance #Investments #StockMarkets #IPO

Work from home, AI, woke culture, society inculcating a certain level of, I would say, distrust in the capitalistic way of life.

All of these put together, if there is 1 big change, you see in the way we live and work next few years, what could it be?

most countries, as they've gotten richer, I think they've found it difficult to manage this idea of good capitalism.

And this whole trickle down in terms of that when the rich get richer, the poor don't get poorer.

I don't know if you have an answer for that, but I think we will have challenges.

Another way of putting it, you're saying asset prices are inflating faster than wages in the world.

Wages in the world, and few people can...

The good can afford better and better production.

Whoever has assets will continue to go get richer.

I think consumers will continue to seek out experiences more and more.

You see that now with the younger Gen Z, etc.

They don't own homes, they don't own cars.

And I think that trend will just continue.

So if you're an entrepreneur building, looking, you know, especially focused on consumer, looking to build on that, great experiences, right?

Like some of our best performing companies are global travel companies.

I think it becomes even more important to establish what Rajan referenced a while ago around what your value system is and sticking to it.

Not trying to cater to all of the elements that you spoke about.

You can't cater to a WFH person if you believe it's WFO, right?

You can't fake woke culture if you don't believe in it.

Everything changes, the way you select people, the way you build organizational culture is tuned to your core beliefs, right?

So all of these are impediments in how quickly you can scale.

I think you're much happier with the organization you built 10 years down the line.

So at least building a small venture firm, I think this has become very important for us.

No, but I think I'm actually a little optimistic here.

I think the newer generation are going to question the true cost of everything.

In the sense, I think the problem with this generation, right, the 2000 to now whatever 20, I think the capitalism had taken a very kind of an ugly side, where you're growing at any cost.

But the younger generation, because they don't want to own material things, they want to go travel, they want to experience things, I think they'll be less capitalistic than the generation that went by.

Businesses, entrepreneurs who are building for that world, for that audience, will be able to stand out?

There's something that I really, really believe in.

I think subconsciously society is ignoring so much in this drama of virtue signaling which is happening in the ecosystem.

I feel many people are pretending to be unnaturally virtuous, unnaturally altruistic, selfless, whereas they truly are not.

That pretense worked in the previous generation, I can give you many examples, but I wouldn't like to, by lack of access because people could not see what a person was doing at every point of time.

I think in this generation and the next, to recognise our shadow personalities, to recognise that we are all human and be authentic about it, be authentically greedy, authentically capitalistic, I think that will be the cool of tomorrow.

And I hope more people think like this, because if not for that, you know, we can all sit and complain about income inequality, but Income inequality has not happened necessarily because of the ecosystem, but because of human nature.

If I were to divide all the money on the planet equally amongst everybody, tomorrow, 1 will work harder than another.

Day after tomorrow, 1 will be more skilled at a certain thing.

And we will come back to where we are today, maybe not in 05:10 years, but in 50 years or 100 years.

Because that is the very nature of us being human, and that is what makes us thrive to begin with.

So I don't think we should look down on the anomalies of capitalism.

Imagine an alternate world where every company is run like Air India was once run.

I don't think it would be net-net better for the productivity of the world

And we have more than enough precedent of that.

I think capitalism has to be appreciated.

And That probably is the most likely scenario in which our country can get lucky and go towards that 5 trillion, 10 trillion dollar economy in the fastest way possible.

Love to know what you thought of the episode, comment, like and subscribe and thank you for watching.


Speaker 0: Work from home, AI, woke culture, society inculcating a certain level of, I would say, distrust in the capitalistic way of life. All of these put together, if there is 1 big change, you see in the way we live and work next few years, what could it be? I think

Speaker 1: most countries, as they've gotten richer, I think they've found it difficult to manage this idea of good capitalism. And this whole trickle down in terms of that when the rich get richer, the poor don't get poorer. But I think we have that challenge. I don't know if you have an answer for that, but I think we will have challenges. Income inequality, wealth inequality.

Speaker 0: Another way of putting it, you're saying asset prices are inflating faster than wages in the world.

Speaker 1: Wages in the world, and few people can... The good can afford better and better production.

Speaker 0: Whoever has assets will continue to go get richer.

Speaker 2: I think consumers will continue to seek out experiences more and more. You see that now with the younger Gen Z, etc. Right? They don't own homes, they don't own cars. And I think that trend will just continue.

So if you're an entrepreneur building, looking, you know, especially focused on consumer, looking to build on that, great experiences, right? I think you can't go wrong. Like some of our best performing companies are global travel companies.

Speaker 3: I think it becomes even more important to establish what Rajan referenced a while ago around what your value system is and sticking to it. Not trying to cater to all of the elements that you spoke about. You can't cater to a WFH person if you believe it's WFO, right? You can't fake woke culture if you don't believe in it. Everything changes, the way you select people, the way you build organizational culture is tuned to your core beliefs, right?

So all of these are impediments in how quickly you can scale. I think you're much happier with the organization you built 10 years down the line. So at least building a small venture firm, I think this has become very important for us.

Speaker 4: No, but I think I'm actually a little optimistic here. I think the newer generation are going to question the true cost of everything. In the sense, I think the problem with this generation, right, the 2000 to now whatever 20, I think the capitalism had taken a very kind of an ugly side, where you're growing at any cost. You don't care what's happening. You just have to grow at whatever cost.

But the younger generation, because they don't want to own material things, they want to go travel, they want to experience things, I think they'll be less capitalistic than the generation that went by. Businesses, entrepreneurs who are building for that world, for that audience, will be able to stand out?

Speaker 0: There's something that I really, really believe in. I think subconsciously society is ignoring so much in this drama of virtue signaling which is happening in the ecosystem. I feel many people are pretending to be unnaturally virtuous, unnaturally altruistic, selfless, whereas they truly are not. That pretense worked in the previous generation, I can give you many examples, but I wouldn't like to, by lack of access because people could not see what a person was doing at every point of time. I think in this generation and the next, to recognise our shadow personalities, to recognise that we are all human and be authentic about it, be authentically greedy, authentically capitalistic, I think that will be the cool of tomorrow.

And I hope more people think like this, because if not for that, you know, we can all sit and complain about income inequality, but Income inequality has not happened necessarily because of the ecosystem, but because of human nature. If I were to divide all the money on the planet equally amongst everybody, tomorrow, 1 will work harder than another. Day after tomorrow, 1 will be more skilled at a certain thing. And we will come back to where we are today, maybe not in 05:10 years, but in 50 years or 100 years. Because that is the very nature of us being human, and that is what makes us thrive to begin with.

So I don't think we should look down on the anomalies of capitalism. I think they need to be respected. Imagine an alternate world where every company is run like Air India was once run. I don't think it would be net-net better for the productivity of the world

Speaker 1: at large.

Speaker 0: I don't think socialism works at all. And we have more than enough precedent of that. I think capitalism has to be appreciated. And That probably is the most likely scenario in which our country can get lucky and go towards that 5 trillion, 10 trillion dollar economy in the fastest way possible. Love to know what you thought of the episode, comment, like and subscribe and thank you for watching.

See all Nikhil Kamath Clips transcripts on Youtube

Top Investment Firms Predict 1 Big Change In Indian Society