Guest: Louis Miranda, co-founder of ISPP (Indian School of Public Policy).
Background:
Cleared Chartered Accountancy with All India Rank.
MBA from Chicago Booth.
Early employee at HDFC Bank; set up IDFC's private equity fund.
Former CFO at Chris Capital.
Key Highlights
Regrets in Investment
Investment Regret: Sold HDFC Bank ESOPs to buy a flat valued at 2 crores; could have been worth 200 crores today.
Career Path
Career Turning Point: Meeting his future wife, Fiona, at Vahid Stores while shopping.
Importance of life partner compatibility; choosing the right partner can influence personal and career decisions.
Risk Aversion: Initially risk-averse due to upbringing; changed mindset over time to embrace risks for opportunities.
Networking Framework: P-H-O-R-C-E
Framework for effective networking:
P - Positivity: Approach networking with a positive mindset.
H - Hard Work: Follow up and stay persistent.
O - Openness: Be open to different perspectives and feedback.
R - Reliance: Trust in the goodness of people.
C - Curiosity: Ask questions and show genuine interest in others.
E - Empathy: Care for and understand the needs of others in networking.
Public Policy Insights
Definition of Public Policy: Rules governing interactions and transactions in society; creating an environment where economic activities thrive.
ISPP Formation: Established to provide education on public policy and prepare students for roles in various sectors (government, NGOs, private sector).
Graduates have pursued diverse roles in government, consulting, and non-profit organizations.
Challenges in Public Policy Field
Job Market: Demand for public policy professionals is growing but salaries often do not reflect their importance compared to the private sector.
Efforts ongoing to improve understanding and valuation of public policy roles in corporate environments.
Personal Insights
Success is often a combination of hard work and luck; many pivotal moments were influenced by chance encounters and opportunities.
Importance of continuously learning and adapting; engaging in new ventures can lead to significant growth.
Recommended Books
"Why We Sleep" - discusses the importance of sleep.
"Why We Fall Sick" - explores health and wellness.
"Bad Therapy" - critiques trends in mental health treatment.
"How to Know a Person" - insights into building relationships.
Conclusion
Emphasis on networking, personal growth, and understanding public policy's role in society.
Encouraged to share insights from the discussion and continue exploring the impact of public policy in various sectors.