Recently, I had dinner with a good Marwari friend of mine, and I asked him how the stereotypical Marwari approaches investing capital in a venture? He said, quite nonchalantly, that Marwari businesspeople, even with only a fifth-grade education, simply expect all their invested capital to be returned in the form of dividends in no more than three years. They expect that, after having gotten their money back, their principal investment continues to be worth at least what they invested in it. They expect these to be ultra low-risk bets. Now, folks, this is really good stuff—they don’t teach this
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