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I work in India for a US firm. My firm has offices all around the world, and thus, employees from a large number of cultures. The firm is over a century old, with several of the offices also being decades old.
As is usually the case, distinct from these cultures, the firm also has several cultures, a dominant global culture and several region-specific ones. These cultures drive how we work on a day-to-day basis.
I recently heard a TED talk from Josh Prager about his book 100 Years, which contains pithy statements from famous writers on every year of life.
It is a beautiful talk, and the sayings are very well chosen. Many will hit home; they sure did for me.
What I found curious from those sayings was that some of the happiest people were ones in their sixties and older. I'd expected that happiness peaks alongside vigour and declines side by side with it, all other things being equal.
I love watching NBA games. Of the teams I've watched, I like the style of play the Golden State Warriors have perfected. Lots of ball movement, very little isolation play, an assist-heavy scoreline and two of the best shooters ever.
If you know nothing about them, there are a few facts that can help inform this conversation
They are a superteam. Their entire starting lineup for parts of this season consisted of All-Stars, something that has never occurred before They have 3 of the last four championships and are in the finals of this one The literature around superteams and star-studded teams is unequivocal.
When we look at the Indian stock market today:
It is the most expensive emerging market on a price-to-earnings ratio. It's been in the top two for a while now It has been significantly underperforming the broader emerging market index in 2019 Volatility has risen significantly in the last 3 months even as the market has been range-bound When we look at everything occurring in the world right now, I can only think of how many ways things can go wrong for markets in India and make a mockery of this valuation.