Global Insights and Personal Reflections with Alpesh Patel
Alpesh B Patel OBE
Asset Management. Great Investments Programme. 18 Books, Bloomberg TV alum & FT Columnist, BBC Paper Reviewer; Fmr Visiting Fellow, Oxford Uni. Multi-TEDx. UK Govt Dealmaker. alpeshpatel.com/links Proud son of NHS nurse.
It may come as a surprise that the UK and India collaborate extensively on defence.
India's Defence Research and Development Organisation (DRDO) has not only been pivotal in enhancing the nation's defense capabilities but has also fostered international collaborations, notably with the United Kingdom.
These partnerships are instrumental in promoting regional peace and stability.
Strategic Missile Systems and Global Diplomacy
Collaboration with the UK, particularly in the realm of missile defense, serves as a platform for discussing responsible nuclear deterrence and global non-proliferation efforts, aligning with shared objectives for regional peace.
Aeronautical Advancements and Joint Exercises
The development of the LCA Tejas and other aeronautical innovations have opened avenues for joint military exercises and air force training programs between India and the UK.
Naval Innovations and Maritime Security
The collaboration extends into naval innovations, where the UK's expertise in advanced naval platforms complements DRDO's developments like the Arihant-class submarine.
Joint naval exercises and information sharing bolster maritime security, crucial in countering threats like piracy and ensuring the safety of international sea lanes.
Cybersecurity and Intelligence Sharing
In the realm of electronic warfare and cybersecurity, India and the UK have engaged in intelligence sharing and cooperative development of cyber defense strategies.
This partnership is crucial in addressing the growing cyber threats that transcend national borders, thus contributing to regional and global digital security.
My wife asked me my enduring memories of my 20s and 30s. And I said “rushing”.
I first came to this hotel 23 years ago as part of the UK India Roundtable. I told my parents to stay at the hotel too and I’d see them between meetings as they lived then in India and I in the UK. Fond memories.
Back at the Taj dozens of times since and sometimes on stage with subsequent Prime Ministers and Ministers and again from airport to hotel to meetings to hotel to airport to next hotel to next meetings. How do you slow time?
In the midst of this high-speed chase - do this
1. The moments between meetings or flights are opportunities for mindfulness. Simple practices like deep breathing or a brief meditation can reset our mental state, allowing us to approach each new situation with a clear mind.
2. Time Management Techniques: Effective time management can create crucial breathing spaces in our schedule. Techniques like the Pomodoro Technique, which involves breaking work into intervals with short breaks, can enhance focus and prevent burnout. Additionally, time blocking can help allocate specific periods for focused work, preventing the day from becoming a series of reactive tasks.
3. Technology for Mindfulness: In today's digital age, technology can be a double-edged sword. However, used wisely, it can foster mindfulness. Apps for meditation, like Headspace or Calm, can guide us through mindfulness practices. Similarly, time management apps can help us keep track of our day without feeling overwhelmed.
4. Physical Activity and Presence: Never underestimate the power of physical activity to clear the mind. Incorporating regular, brief physical activities like brisk walks or stretching can significantly enhance mental clarity and presence. I did the gym this morning. No music.
5. Reflective Practices: Building a habit of reflection, through practices like journaling or daily reviews, fosters self-awareness and presence. This reflection time can be instrumental in aligning our daily actions with our broader goals and values.
How do I tell my parents. All those degrees, qualifications, accolades, books…I’ve got a million likes - I’m a … influencer! At least it rhymes with lawyer and doctor.
Anyway. If you want to see what the fuss is about - www.alpeshpatel.com/links
I have touched the face of God.
At the age of 29, I embarked on my first business class flight - to Guatemala; to speak to 1000 people at a huge conference as the sole speaker about Trading Online after my book was spotted by the organisers on the window display at Borders from New York to Miami. Posters were around the City. Radio stations advertised my arrival.
This marked not just a physical journey, but a significant professional leap. It symbolized the transition from aspiration to actualization, from dreams to tangible experiences.
Over time, my travel log expanded to encompass around 200 business class and sometimes first class flights (with my parents sometimes too, sometimes cousins and aunts and uncles).
Some trips were ridiculous. The friend with whom I stayed at the Burj Al Arab, Apurv Bagri, then thanks to him chauffeur driven by Rolls Royce (on Christmas morning) to the first class BA cabin. That’s not luck. That’s mental.
Or for ICICI Banks private banking advisory board the day trips to India (leave 2200 Tuesday, return 0100 Thursday).
The Foreign Office asked me to represent the UK in KL, Beijing roundtables. I was 30! None of this is normal. Met at the door of the plane.
However, the essence of that first flight remains ingrained in my memory, serving as a reminder of where the journey began and the progress made since.
For ambitious individuals, the desire for more — more success, more recognition, more impact — is a driving force.
This relentless pursuit often blurs the lines between contentment and aspiration.
Yet, it is crucial to pause and reflect, to foster a sense of gratitude for the milestones achieved and the lessons learned.
Gratitude does not negate ambition; rather, it enhances it by providing a grounded perspective.
Gratitude fosters resilience, enabling individuals to face challenges with a positive mindset. The flights get harder, as I now leave behind my beloved wife and son, so the flights get fewer.
I am not merely lucky, I am blessed; to know I am blessed.
Oh! I have slipped the surly bonds of Earth
And danced the skies on laughter-silvered wings;
Sunward I’ve climbed, and joined the tumbling mirth
Of sun-split clouds, – and done a hundred things
You have not dreamed of – wheeled and soared and swung
High in the sunlit silence. Hov’ring there,
I’ve chased the shouting wind along, and flung
My eager craft through footless halls of air…
Up, up the long, delirious burning blue
I’ve topped the wind-swept heights with easy grace
Where never lark, or ever eagle flew –
And, while with silent, lifting mind I’ve trod
The high untrespassed sanctity of space,
Put out my hand, and touched the face of God.
Poem by John Gillespie Magee
Surround yourself with the right people. The ones that make you laugh and feel you're on top of the world. They're not necessarily in the office or the pub; but they may be right in front of you! And they may be the reason for your purpose. Spend time with them. It's good for the soul.
The scariest thing I could imagine - when training to be a barrister, speaking on stage telling jokes!
Standing next to a professional comedian (a job I've often been told I could do - not sure that's a compliment) to present an Award as a Judge at the Scale Up Awards reminded me the secret joys of a good public speech - it's a short-cut to ever greater success. A skill worth practicing and cultivating.
So stop singing in the shower, and start speaking in it instead. Just make it funny. Though in the shower, I suspect you are.
Great scale-up awards!
Thank you Business Leader for doing awards the way they should be done:
1. Food first
2. Great professional comedian speaker - just the right length
3. Lots of awards but no speeches; read out the award and winner, photo, move on
4. Lots of room to walk and mingle
5. Perfectly organised - seamless
The Traits of Global Winning British Companies: A Personal Perspective
In my extensive experience working with British companies under the auspices of the UK Government, I have witnessed firsthand the characteristics that differentiate the winners on the global stage.
These companies not only bolster the UK's economy but also elevate its reputation in the international business arena.
In this article, I will delve into the core attributes - energy, consistency, effective utilization of introductions, independence with a touch of support, and strategic door opening - that I have observed in these successful entities.
Unyielding Energy: The Driving Force
The most striking feature of globally successful British companies is their unyielding energy. This relentless drive is crucial in navigating the ever-changing global business landscape.
It's not just about the stamina to endure long hours; it's the vitality to continuously innovate and adapt. Such energy becomes infectious, inspiring teams and attracting global partners and clients.
Consistency: The Backbone of Reliability
Consistency in business practices, ethics, and quality of output is a trait shared by global winners. It builds trust and a solid reputation, essential in international markets.
Effective Utilization of Introductions: The Art of Networking
Successful companies understand the value of introductions and networking. However, they don’t just rely on these introductions; they capitalize on them.
These companies use initial meetings as springboards, demonstrating their capabilities and value propositions effectively. This ability to convert introductions into meaningful business relationships is a key differentiator.
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Independence with Strategic Support: The Ideal Balance
While support from the government and other entities is beneficial, the winners are those who don’t rely excessively on external help.
They seek strategic support – be it in the form of insights, market access, or regulatory assistance – but largely depend on their internal capabilities. This independence reflects their confidence and competence, traits that are highly regarded in the global business sphere.
Strategic Door Opening: Beyond Initial Introductions
Lastly, these companies excel in what I term 'strategic door opening.' It's not just about getting a foot in the door; it's about opening the right doors.
They identify potential opportunities with precision and approach them with a tailored strategy.
This focused approach is often more effective than casting a wide net, leading to more sustainable and profitable global ventures.
Winners (Not exhaustive): Manjula Lee Nish Kotecha Jay Vitale Kanishk Gaur DeepCytes Citispotter Finboot Shabnam Wazed ClearQuote CyberClan Block Armour CreditEnable Samit Biswas
Working with my wife is always a pleasure. Working with friends like Lord Karan Bilimoria and Baroness Sandy Verma Sahil Hansrani is a privilege.
The All Party Parliamentary Group meeting at the House of Lords was one such opportunity.
The following technologies are areas where Britain could potentially focus on selling to India:
1. Advanced Composites and Biometric Technologies: Since India shows relative strengths in these areas, there is potential for collaboration and technology exchange. British companies with expertise in these fields could find a receptive market in India.
2. Therapeutics and Preventative Medicines: Given India's existing capabilities and focus in pharmacological research, British pharmaceutical companies and research institutions could explore partnerships or sales opportunities in these areas.
3. Novel Fuels and Renewable Energy Technologies: India's focus on novel fuels suggests a market for innovative energy solutions. British firms specializing in renewable energy and related technologies could find opportunities, especially in light of global shifts towards sustainable energy sources.
4. Artificial Intelligence (AI) and Automation Solutions: While AI adoption in India might lead to job displacement, there is also a significant opportunity for AI technologies that can augment the labour force or increase efficiency in various sectors. British AI and automation technologies could be particularly relevant.
5. Digital Infrastructure and Cybersecurity Solutions: Considering India's leading role in digital public infrastructure and ongoing concerns about data privacy and security, there is an opportunity for British companies specializing in cybersecurity and data protection solutions. This is my focus. DeepCytes Kanishk Gaur
6. Semiconductor Technology and Chip Design: With India's focus on semiconductor policy and a pool of engineers skilled in chip design, there is a potential market for British semiconductor technologies and collaboration in research and development.
7. Educational and Vocational Training Services: Given the impact of technology on employment, there is a need for upskilling and retraining the workforce. British educational and vocational training providers could offer services tailored to these emerging technology areas.
Nvidia blew out expectations of profits. We suggest a tight trailing stop loss as it rises. For a risk neutral person a 50% exit if it drops 20% and maybe the rest if 30%. Trailing. It's worked incredibly well for us since Jan when it became a Special Situation.
Follow on Telegram for more: www.alpeshpatel.com/links
Part of my Campaign for a Million: https://lnkd.in/dTP2tpc
Palantir gets hundreds of millions NHS contract. The projection below is first glance. Whilst I congratulate my students who got in in 2022 and this week made a 100% return from when I suggested it as a Special Situation, I will update my initial view now. The question is whether I've projected the rate of growth too high.
Altman going to Microsoft and taking people with him is a huge coup. I basically got to own a stake in OpenAI even more proximately than I thought possible.
This is another one of those rare times as I’ve done in the past with USD or GBP or oil where I say “all in” or “one way bet”
My holdings are leveraged and unleveraged. Continuing to add.
Risk: all investing is risky.
Here are the top science and technology (S&T) clusters per capita, based on the density of scientific authors and inventors in a geographic location.
Credit: Visual Capitalist.
Step into the thrilling world of investments, guided by none other than the legendary Indiana Jones! Imagine navigating through the volatile landscapes of the stock market with the same daring and acumen that Indy uses to uncover ancient artefacts.
In this captivating exploration, we draw parallels between Indiana Jones' adventurous quests and the dynamic world of finance, unraveling the secrets of balancing risk and return. So, strap on your fedora, grab your whip, and prepare for an exhilarating journey into the heart of investment strategies, Indiana Jones style! 🎩💼🌍
Welcome to a spellbinding journey where the enigmatic world of finance meets the enchantment of Hogwarts. If you've ever found the stock market as perplexing as a game of Quidditch, you're in for a treat. Our unique guide casts a Harry Potter spell on investment concepts, transforming the complex mazes of Wall Street into the familiar corridors of Hogwarts. So grab your wands (and portfolios), and let's unlock the secrets of investing with a sprinkle of magic and a dash of wizardry! 🧙♂️✨📈
In an era where economic landscapes are rapidly evolving, Goldman Sachs' latest forecast for 2075 offers a compelling glimpse into the future. This insightful projection not only underscores the remarkable ascent of emerging economies but also highlights the enduring influence of current economic powerhouses.
As we navigate through these transformative times, understanding these shifts is crucial for businesses and investors aiming to adapt and thrive in the global market. Join me in exploring this fascinating forecast, where traditional economic narratives are challenged, and new global players emerge.
The India Way. A primer for those working in/with India or an interest in foreign affairs.
This approach emphasises a balanced, pragmatic stance, steering clear of the dichotomies of conflict and war, and seeking a harmonious yet assertive role in international relations.
Key Quotes from Dr. S. Jaishankar, India's External Affairs Minister.
Balanced Diplomacy: "This is a time to engage America, manage China, cultivate Europe, reassure Russia, bring Japan into play" , demonstrating a balanced approach towards major powers.
Disruptor: India as disruptor, such as in the 1971 conflict which established the State of Bangladesh, pointing out that that State is flourishing (my note: the GDP per capita of Bangladesh is 2x Pakistan - albeit half that of Gaza).
Evolution from Non-Alignment: From the era of non-alignment, India has evolved to that of 'Vishwa Mitra' (a friend to the world), signifying a transition from a passive to a proactive role in global affairs . He emphasised India's role during the Covid pandemic and first-responder role in West Asia crisis as well as very friendly relations with every country in the Middle East.
Rule-Based Order: "India supports a rule-based order in Asia, as in the rest of the world" , emphasizing India's commitment to international laws and norms. Asked about the 'Canada affair' he directly denied involvement of State actors, even if (as put to him) other countries from the US to Israel have a track-record of extra-territorial assassinations.
"Hindu Majoritarianism" - denying a less tolerant India domestically, he pointed out the need not to "appease" (something the interviewer, Lionel Barber quipped the West had experience with) or have an imbalance in favour of minoritarianism. (Pew Research: 91% Hindus in India feel very free to practice their religion, 89% for Muslims & Christians. But85% for Jains)
Policy Realism: Jaishankar calls for realism in policy, a departure from idealism, and views national security as a key component of foreign relations . He implies relying on the West would not assure the UN Security Council veto needed at times for national interests and the consistency of the friendship with Russia which has. He notes the need for reform of the UN Security Council but didn't expect any anytime soon.
Strategic Autonomy: The concept of India’s “strategic autonomy” is crucial, as Jaishankar suggests less formalised ties but active engagement in regional groupings depending on India's interests ; from G20 to BRICs.
Equilibrium with China: Jaishankar uses the term “equilibrium” to describe the ideal state of India-China relations, suggesting a balance of power rather than outright friendship or hostility . Noting the border issues with China and need to demilitarise.
"The India Way": Balance its relationships with major powers, maintaining strategic autonomy while engaging in global governance.
(views are my interpretations)
If you've been to the home of a Hindu, you will often see at or near the entrance a Ganesh statue, as here. (Although my Ukrainian cleaner on seeing it at my home, bought one for herself for hers).
Ganesha's imagery is rich in symbolism. His elephant head represents wisdom and understanding. His large ears suggest that we should listen more; his small mouth, that we should talk less.
Ganesha's single tusk signifies the importance of retaining good and discarding the bad, but also used by him as scribe.
The concept of removing obstacles, as exemplified by Ganesha, the Hindu deity revered as the "Remover of Obstacles," holds deep significance.
Ganesha is often invoked at the beginning of any venture, be it a religious ritual, a business project, or an educational endeavour, to ensure a smooth, obstacle-free path.
The act of invoking Ganesha symbolizes the preparation and fortification against challenges and difficulties.
From a philosophical perspective, the obstacles Ganesha removes are not just physical or external but often internal and psychological. These can include ego, ignorance, selfishness, and vanity - traits that hinder personal and spiritual growth.
His story underlines the importance of wisdom, understanding, and humility over brute strength or speed. It teaches that often, the biggest obstacle is one's own limited perspective.
On a personal level, self-reflection and self-awareness are key to identifying internal obstacles. Understanding one’s weaknesses, biases, and fears is the first step in overcoming them. Practices like meditation, mindfulness, and therapy can aid in this process.
Leadership and Management
In leadership and management, obstacle removal involves creating an environment where teams can thrive. This includes identifying and eliminating bureaucratic hurdles, encouraging open communication, and fostering a culture of innovation and problem-solving.
Innovation often requires a 'Ganesha approach' - the ability to identify and dismantle barriers to progress, whether they are technological, regulatory, or conceptual.
Global and Cultural Relevance
While rooted in Hinduism, the concept of removing obstacles transcends cultural boundaries. It aligns with universal themes found in various philosophical and religious traditions, which advocate for self-improvement, resilience, and the pursuit of wisdom.
Eight years ago, at this event at Wembley stadium I heard the then Prime Minister, David Cameron say that in his lifetime there is likely to be an Indian origin Prime Minister of the UK. I don't think even he imagined within the decade he would be serving in the Cabinet of such a Prime Minister.
Life is long. Life is short. May your ambitions, hopes come true for your country. Be kind to each other.