Thread by @SmartSyncServ

Manish Sabharwal in a recent interview has a lot to offer to students of business & investing.

“If you want to annoy a poet, explain his poetry.” says Taleb.

So we just leave you with his words as it is.
(1/n)

@TeamLease
@ThePrintIndia

"We are all in the same storm, but not in the same boat"

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"Companies are like rivers and not like ponds"

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"Shareholders don't pay salaries, customers do"

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"Supply chains & Distribution don't follow Red, Green, Amber."
(5/n)

"We don't know if post- Covid we will come out Frugal or Hedonist"

(6/n)

"This is not a crisis of liquidity but a crisis of solvency"

(7/n)

"The banks, the beat cops, the MSME and the labours have reacted exactly what you expect them to do in a country like India... the banks won't lend, the beat cops will use the lathi, MSME will have no margin, and the labour will head home."

(8/n)

"Businesses cannot eliminate risk, they have to manage it and mitigate it."

(9/n)

"We still don't know whether we are at the start, in the middle, or near the end of the crisis."

(10/n)

"Order of priority should be poor people, then small companies, then big companies and then banks."

(11/n)

"We are 4th in GDP but 138th in per capita GDP."

(12/n)

Reforms Required:
1.Formalization
2.Urbanization
3.Industrialization(Non-farm job creation)
4.Financialization
5.Skilling

(13/n)

"You can't take jobs to people, you have to take people to jobs"

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"India's labour is handicapped without capital, and our capital is handicapped without labour."

(15/n)

"Pain after Covid will be unlike anything we have seen before or during 2008 crisis."

(16/n)

"Covid will force India to get rid of regulatory cholesterol and undertake rapid reforms"

(17/n)

Watch the full interview here:


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~End