Because it's your money, not mine

The next time you invest with a fund house do inquire if the portfolio manager has skin in the game

In his book Skin in the Game, Nassim Taleb writes, “Don’t tell me what you think, just tell me what’s in your portfolio.” To me, these words ring truer today than any time in the past few years.

As 2020 starts on a tentative note under the cloud of geopolitical uncertainties, it is not very surprising how the double-digit index returns in 2019 has failed to bring wide-spread cheer. Over CY2018-19, the top-5 companies in the BSE500 Index have cumulatively returned 57 per cent (not annualised) and the bottom 200 companies have almost halved. That fact that a select few in