Speaker Details & Context

• Chetan Ahya: Chief Asia Economist at Morgan Stanley [00:00:00].
• Ridham Desai: Head of India Research and Chief India Equity Strategist at Morgan Stanley [00:00:07].
• Event Context: Reviewing the biggest takeaways from the Morgan Stanley India Investment Forum…

"We're in the business of providing backbone infrastructure around the world... we build, own, operate, and lend to the largest groups of infrastructure on the planet." - Bruce Flatt [00:01:00]

"Brookfield is not a control freak and in particular has not inserted itself in our investment process. Which to us and to our clients was the most…

"Well it's the end of the world as they knew it but I don't think it means like a crippling belt tightening where suddenly we don't live well i think it means we live differently but perhaps better." - Michael Every [00:00:25]

"You've either got a White House team which just simply doesn't know what they're doing... or they do know what they're…

"the opportunities that happen in the worst environments can lead to returns for years afterward from deploying more capital into those markets" - Seth Klarman [00:00:00]

"people have asked me is this a bubble I think it has characteristics of a bubble it's an optimistic tone around a technology around a new era" - Seth Klarman…

"I think that today is one of the greatest bubbles of all time... the excitement surrounding the potentialities of artificial intelligence dwarf the excitement generated by the worldwide web." - Jim Grant [00:03:53]

"The foremost feature of our monetary world today is only ratcheting up, never ratcheting down. The price level was broadly unchanged over…

"Whenever there is any doubt, there is no doubt." - Max Levchin (quoting the movie Ronin) [00:01:18]

"The secret for my marriage is I'm still trying to impress this girl every day." - Max Levchin [00:26:07]

"Don't go to bed angry, stay up and fight." - **Max Levchin (quoting…

"We try to build first music, then podcast, and books, and more things into a single product. I think our biggest risk is to ship the org chart. If we divide it and set everyone just running in parallel, it will feel very good for about 6 months, then the experience will just start crumbling." - Gustav Söderström [00:09:30]

"You can't win. There is no…

"It became an exercise to reduce and reduce and reduce. But it makes it easier to build and easier for people to work with." - Jony Ive [00:00:31]

"If I had a spiritual partner at Apple it's Johnny... He understands what we do at our core better than anyone." - Steve Jobs…

"speed is literally cost because every day you're paying electricians and plumbers that's cost... and they're now monetizing them at arguably the highest rate." - Gavin Baker [00:03:56]

"if you can borrow money at six seven 8% and invest in something with a 55% ARR I'm not the most sophisticated thinker but that math maths." - Gavin Baker…

"We're going to be doing a $75 billion IPO with a valuation of close to $2 trillion for a company with revenues of $19 billion negative free cash flow this is really a hopes and dreams IPO." - Jim Chanos [00:00:00]

"In bull markets you put a premium on promises and in bare markets you put a discount on reality and right now we're clearly in the…

"I view Darth Vader obviously as BlackRock and... I actually had dinner with [Larry Fink] last night and I accused him of being Darth Vader and he said 'You're not totally wrong.'" - Philippe Laffont [00:00:11]

"I've only had five good ideas in 25 years... when we started the fund we had 50 million and today we have almost 100 billion." -…

"the west still believes that what it stands for as universal values remain always superior to any other set of values and that anybody else who wants to be really civilized and progressive must copy the west" - Professor Wang GungWu [00:01:35]

"It always a mystery to me how Western Europe or North Atlantic failed to gauge the power of Islam…