Ninad Shinde- An Engineer’s Journey to The World of Investing

Compound Ideas

My guest today is Ninad Shinde, private equity advisor & vet care entrepreneur. Our discussion includes Ninad’s diverse background spanning growing up in India, attending business and engineering schools, living in the US, and spending the last decade in London. With a broad mind and interests in investing, technology, and luxury companies, he brings a wealth of knowledge to this wide-ranging conversation.

Please enjoy my conversation with Ninad Shinde.

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Resources

https://www.linkedin.com/in/ninadshinde/

https://www.amazon.com/Zero-One-Notes-Startups-Future/dp/0804139296

https://www.berkshirehathaway.com/letters/letters.html

Show Notes

[00:02:12] - Ninad recalls his formative years in India, and how his cosmopolitan upbringing played a pivotal role in shaping his worldview and fostering an appreciation for diversity.

[00:03:06] - Ninad’s remarkable international career journey.

[00:04:58] - Ken and Ninad engage in a discussion about the evolving nature of India.

[00:06:54] - Contemplating the differences between the Indian and American education systems and the cultural differences in how elders are perceived and respected.

[00:09:07] - Recalling his Catholic school education in India, Ninad notes the impactful role of exams in shaping his future, emphasizing his passion for self-directed learning.

[00:11:50] - Ninad describes his academic journey at Purdue University, covering his transition from mechanical to electrical engineering.

[00:14:22] - Motivated by the challenges and intricacies of semiconductors in the dot-com boom, Ninad explains his shift into the interdisciplinary realm of microfluidics.

[00:16:38] - Drawing on his analytical engineering background, Ninad explores a transition to management consulting.

[00:23:17] - Ninad discusses the key elements in comprehending incentives and motivations within the realm of business decisions.

[00:25:52] - After consulting, Ninad pursued business school in London for a challenge shifting into investment banking during the financial crisis.

[00:28:04] - Becoming disillusioned with investment banking, Ninad discovered that it failed to provide the expected instruction on valuing companies.

[00:33:38] - Ninad reflects on his years of experience, sharing the essential insights gained.

[00:37:42] - Ninad shares his journey as an amateur investor, attributing early success to the guiding principles of Warren Buffet and Charlie Munger.

[00:44:52] - Ninad highlights the significance of adaptability in value investing, emphasizing his concentration on economically promising sectors with enduring growth potential.

[00:50:28] - Ken and Ninad discuss investing in hyperscalers, addressing growth concerns and lack of pure plays.

[00:57:41] - Ninad highlights luxury goods as a top investment theme, noting their universal appeal and sustained demand driven by intergenerational wealth transfer.

[01:07:25] - Ninad explores the lucrative investment prospects in veterinary care with his new project, Virtue Vets.