In this episode of Excess Returns, we sit down with Anupam Ghose, co-founder of System2 Advisors and sub-advisor to the Simplify Tara India Opportunities ETF. We discuss the Indian economy, recent political developments, and the country's attractive demographics and growth potential. Anupam shares his approach to stock picking for his concentrated portfolio of Indian companies, including how he assesses management quality, defines a competitive moat, and manages risk in the portfolio. This conversation uncovers some of the unique considerations investors should keep in mind when investing in emerging markets like India.

00:00:00 - Introduction to the podcast
00:03:01 - Discussion on the Indian economy and demographics
00:14:14 - Discussion on digital infrastructure in India
00:16:03 - Indian election results and market reaction
00:19:10 - Overview of the Indian stock market
00:22:10 - Valuations in the Indian stock market
00:28:03 - Indian investors' relationship with the stock market
00:36:50 - Anupam's approach to a concentrated investment portfolio
00:40:29 - Process for building the investment portfolio
00:41:58 - Assessing the quality of management
00:47:14 - Finding sustainable growth and competitive moats
00:54:04 - Position sizing and sector concentration
00:56:36 - Risks of investing in the Indian market
01:01:42 - Final question: one lesson for the average investor
01:02:16 - Where to learn more about Anupam Ghosh and the IOPP ETF

LEARN MORE ABOUT THE SIMPLIFY TARA INDIA OPPORTUNITIES ETF
https://www.simplify.us/etfs/iopp-sim...

SEE LATEST EPISODES
https://www.excessreturnspod.com

FIND OUT MORE ABOUT VALIDEA
https://www.validea.com

FIND OUT MORE ABOUT VALIDEA CAPITAL
https://www.valideacapital.com

FOLLOW JACK
Twitter:   / practicalquant  
LinkedIn:   / jack-forehand-8015094  

FOLLOW JUSTIN
Twitter:   / jjcarbonneau  
LinkedIn:   / jcarbonneau