Michael Milken's Joke on Indian CEOs Turns into a 50X Investment Strategy
From joke to 50X jackpot: American billionaire's simple ‘India-born CEO’ stock-picking idea would have made you a millionaire in 15 years
The Economic TimesImage: The Economic Times
Billionaire financier Michael Milken's 2015 comment about investing in companies led by Indian-born CEOs has gained renewed attention after analysis showed such stocks could have yielded nearly 50-fold returns over the past 15 years. This sparked debate on the impact of Indian executives in the U.S. corporate landscape, particularly in technology.
- 01Michael Milken's joke about Indian-born CEOs has become a serious investment strategy discussion.
- 02Analysis shows companies led by Indian-born CEOs outperformed the S&P 500 significantly.
- 03Investors could have seen nearly 50-fold returns using this strategy over 15 years.
- 04The trend reflects broader market dynamics, especially in the tech sector.
- 05Deedy Das, who revived the discussion, cautioned against directly linking CEO nationality to stock performance.
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Billionaire financier Michael Milken's humorous remark from August 2015 about investing in companies with Indian-born CEOs has resurfaced, leading to serious analysis and discussion. Milken suggested that such a strategy could yield impressive returns, and recent evaluations indicate that it would have resulted in nearly 50-fold growth over the past 15 years, significantly outperforming the S&P 500 index. The analysis, conducted by Deedy Das, a partner at Menlo Ventures, highlighted that companies led by Indian-origin executives have shown remarkable performance, particularly in the technology sector. This sparked a viral conversation online, with millions engaging in the debate about the influence of Indian-born leaders in major U.S. corporations. However, Das cautioned that the correlation between CEO nationality and stock performance might be more about the tech industry's dominance than a direct cause-and-effect relationship. The discussion underscores the growing prominence of Indian executives in the American corporate landscape and raises questions about market dynamics.
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