Benjamin Graham said that “The essence of portfolio management is the management of risks, not the management of returns.” We agree.
Gresham believes that the opportunity set for investment in U.S. businesses has declined within public equity markets while it has increased in private equity markets. This shift may justify a reassessment of asset allocations between public and private investments.
How are investment risks and potential returns changing in India? Are investment opportunities there comparable to those in other developing markets?