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Popular Governor, Zero to One Businesses, and Hormegeddon - Views on News from Equitymaster
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The Equitymaster Research Digest

Popular Governor, Zero to One Businesses, and Hormegeddon
Aug 23, 2016

  • Zero to One Businesses
  • Piece of a mosaic
  • Understanding Hormegeddon

What we try to tell you in the Research Digest every week is what we would expect of you, dear subscriber, if our roles were to be reversed.

So it is not just the latest recommendations or the ones around the corner, but just about everything that you should read. The goal is to make the best and most credible views available to you, whether it is from our own team or from our partners.

Now, since there is so much hype about the appointment of a new RBI governor, is there a reason to fret about markets? With a proverbial owl at the central bank, who is also popular with the government, the economy seems to be in top gear for growth.

But that is if you believe every word the media tells you. The truth is that choosing a popular and qualified insider for the top job at the RBI is not even half the job done. Dr Patel has very large shoes to fill. Not just that of Dr Rajan, but also of his predecessors. And the economy may present him with very interesting and complex challenges over the next few years. Inflation, in fact, may be the least of his concerns!

Dr Rajan, for instance, had several things on his mind. Amongst others, he was worried about the disappearing middle class jobs. He hit the nail on its head when he said...

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