DASAR

https://youtu.be/0k6OrCkAEdc

Transcript 

Darshan Doshi (00:08)

Welcome to Dasar. I'm Darshan and we have an awesome podcast today. I have with me my close friend Rohit Pandharkar. A quick introduction of Rohit, Rohit is the Global Head of Data Science at OLX Autos. Previously he was the Head of Data Science at Mahindra Group and then also involved with one of the fastest growing startups out of India and the US. He's an MIT Media Lab alumni and has been working in the artificial intelligence, data science, machine learning space for a very long time. He has huge number of use cases where he has helped solve problems, business problems, life problems, customer problems through the use of this technology. So we have with us someone who is in the trenches working, building data science teams, solving critical problems, but at the same time has an exposure to various technologies. And in this podcast we're going to cover a lot of topics around AI. What is AI? What is the difference between AI and Analytics? How do you hire data science teams? What kind of representation is needed of AI within large corporations in the country or around the world? We're going to talk about how AI can improve human performance and make us super humans, if I may call them. Lastly, we also cover the topic of Singularity and we'll get insights from Rohit on how will AI converge into Singularity. So stick in. This is a very long podcast. It is a fast moving podcast. I hope you like it. If you like it, please share it in your network. So let's get started. Welcome Rohit. I'm so excited to have you here. I've given a quick overview of who you are, but let's get straight into it. Most startups, most people are throwing words around like artificial intelligence, right? They have cooked that into their technology, into their product. But what is the difference between artificial intelligence and basic analytics that you could do in an Excel sheet?

Rohit Pandharkar (02:25)

Yes, that's probably the most thrown around world these days. If you hear any startup pitch, people will say, oh, we are powering this using AI. Oh, this is backed by AI, because of AI this will be better, because of AI this will be cheaper, faster, etc. But not everything in analytics is AI. The way I would like to think about this framework and I often talk about this wherever I speak, is four stages of data science or analytics. First is descriptive analytics, which is just describe what happened, let's say Mumbai rainfall. There was a cloud burst in Mumbai on a certain day. How many mm of rainfall happened? That's descriptive analytics. Second stage is diagnostic analytics, which is why did it happen? Is it some cloud burst? Is it some other climate change that could describe the diagnostic piece of it? Again, this is not really AI. It's again, an analytical way of looking at things. Third piece is predictive analytics, which means tomorrow what would happen, when will it happen, and what would happen? That piece is the real machine learning piece because you are using historical data or some learning to predict what will happen in the future. And fourth piece going beyond that is prescriptive analytics, which is if you are predicting something will happen, maybe something good or bad, how do you make it better? How do you make it happen earlier? Or how do you avoid that from happening? That is prescriptive analytics and predictive and prescriptive analytics piece is actually AI. Whenever you are using historical data or some learning data to predict certain outcomes or prescribe what to do better is actually AI and not just analyzing things in an Excel sheet, but actually using algorithms, sophisticated algorithms like Xg boost, deep learning, etc. is the real AI.

Darshan Doshi (04:17)

Brilliant. One of the things that Dasar we try to do is to simplify, make it really easy to understand, leave out the jargons and focus on action, performance, we talk about productivity, we talk a

https://youtu.be/AdWqkNjgISA

Transcript 

Darshan Doshi (00:15)

Welcome to the second episode of Swatantra, just for those who are logging in for the first time, this is a partnership between Proinvest and Dasar where we are simplifying investments. Everybody wants to be rich, everybody wants to be wealthy, but you got to put in the hard work and you need analysis. You need to build confidence and conviction. And that is what we will help you to do through this podcast series. Now, with me today is Rushabh Doshi. He's from Proinvest and maybe Rushabh would love to learn. What do you do at Proinvest?

Rushabh Doshi (00:47)

So I head the Equity research division at Proinvest Nirmiti. So through this podcast called Swatantra series, what we want to do is make investing and research as easy as possible and deliver the rich content without any jargons and make it as easy as possible for our viewers to understand.

Darshan Doshi (01:07)

Brilliant. So as I understand you're, the person who does the analysis, the deep dive, the qualitative data, the quantitative data, and puts it all together to form what would be the recommendations to invest in stocks or any other investment vehicles. Now, today we have a fantastic topic. What we are going to do is we're going to do sector analysis. We are going to do sector analysis in food retail or the QSR space. Now, I don't know a lot about QSR, but it sounds delicious. My stomach gets going with this topic, but let's break down, right, if you could help understand what is QSR and how does anyone get his or her head around QSR space?

Rushabh Doshi (01:55)

So QSR is just an industry specific term for quick service restaurants. So basically, these are all our fast food chains like McDonald's, Domino's and Pizza Hut. So before directly jumping into the sector, let's just take an eagle view of what the Indian food industry is. So in 2020, the size was around 4.4 lakh crores. And in 2025, it's expected to grow by more than 55% to 6.5 lakh crores. So anything which we eat outside is captured here. And this industry has a mix of organized and unorganized. So in 2010, the share of organized was only 24%, and in 2020 that has grown to around 40%. But in 2025, it is expected to be more than 54%. And that's where a huge growth opportunity lies. And also inside the organized industry, QSR is going to be the largest pie there and it's expected to grow even faster. So apart from QSR in the organized sector, there are segments like fine dining restaurants, casual dining restaurants, pubs and bars, and even cafes. So basically, the organized segment has stores, franchises which are three or more outlets, or the food which we consume in hotels, like three star hotels or five star hotels.

Darshan Doshi (03:22)

So if I understand correctly, if I launch a local cafe down the lane here in Baner Pune, then I'd fall under the unorganized sector. But if I had a chain of more than three, saying three different parts of Pune, then I would fall under organized sector. And then that can be either quick service, which is the McDonald's of the world, or then the fine dining restaurants that we see. My second follow-up question to you Rushabh, in QSR is, can you give us a top level view of what is this food retail space, what is the QSR space, and what are the trends that are going on?

Rushabh Doshi (04:01)

So, basically, when we take a QSR, basically there are two parties involved. One is the brand owner, and the second one is the franchise. So your brand owners are typically McDonald's or Yum Brands, which owns brands like Pizza Hut, KFC, and Taco Bell. And the second one are franchises which run the stores on the ground, something like a Jubilant Foods or Devyani International, which partner with these brand owners and operate everything on the floor in their respective territories, which they are allotted. So the basic transaction here, or the contractual terms, are these franchises, they pay a royalty fee to their br

https://youtu.be/ZRN3Avuslq4

Transcript 

Darshan Doshi (00:08)

Welcome to Swatantra. My name is Darshan and I have my partner Jaydeep with me. And very quickly, Jaydeep, what are we doing at Swatantra?

Jaydeep Doshi (00:17)

So thanks, Darshan. So at Swatantra, we are here to simplify investments for you. Taking investment decisions, informed investment decisions independently is the entire objective of creating this series by the name Swatantra. Here we want to talk about all the investment avenues that one has, the do's and the don'ts about those investments and make sure that we help people take decisions independently on the basis of our information.

Darshan Doshi (00:53)

Fantastic. So we want to focus on investments. We want people to take decisions and manage their money. Jaydeep, before we get started on today's topic, a quick overview of who is Jaydeep and what is Proinvest.

Jaydeep Doshi (01:06)

Yeah. So Proinvest basically started in the year 2000. It was started by my father. And we are basically a long-term investment, we are into basically long-term investing. We don't do anything that is speculative in nature and we are very passionate about wealth creation and that's how we have evolved over time. And today I play a role of fund manager where Nirmiti is one of our advisory products, where we actively managed equity portfolios for our clients.

Darshan Doshi (01:43)

Brilliant, brilliant. So very quickly, at Dasar, financial independence is very important. And that is why we are doing this podcast series on investing. At Swatantra, like Jaydeep said, we want to simplify investing and we want people to make wealth, to be happy, to live a long life, and money plays a big part in it. So today's topic is one of the oldest assets, oldest investment vehicles in the world. We are going to talk about real estate and we are going to talk about the new avtaar of Real estate, which is called REIT. So, Jaydeep, my first question, one of the oldest investment vehicles is real estate, but REIT is the new avtaar. What is REIT and how did it come about in existence?

Jaydeep Doshi (02:27)

Yeah, you're right. It's a new avtaar, but not so new. Maybe new for India, but globally. REIT came in in 1916 in the US first. In India, 2007 SEBI approved that they would be having REIT's in India. It took about ten years for the first REIT to get approval. And in 2019, it got listed on the exchange, which was the embassy REIT.

Darshan Doshi (02:53)

So what is REIT?

Jaydeep Doshi (02:55)

So REIT basically is a hybrid equity and fixed income product. It's something between fixed income and equity product. And the basic essence about REIT is that it can offer you capital acquisition by way of any property which has been sold through that and as well as regular income in the form of rent or in the form of dividends that one can get.

Darshan Doshi (03:23)

And how many such REITs are there to invest in today?

Jaydeep Doshi (03:28)

We don't have too many options. We have only about three. Brookfield, Embassy, and Mind Space, three REITs. All of them are doing very well compared to fixed income or equity. Since it's a hybrid product, it definitely gives you a flavor of both equity and fixed income.

Darshan Doshi (03:46)

Ok, you know what, at Swatantra, we want to simplify investing. Right. Real estate is very simple. You buy a piece of land, you buy commercial space, you buy a house and you've invested and you get rent out of it or you get capital appreciation. Is REIT just a digital version of real estate or what is really happening?

Jaydeep Doshi (04:08)

Yeah, you can really see that because it's in the form, as units are credited in the Demat account. It's definitely a digital version and it's a hassle free way of investing and getting an exposure to real estate. So REIT, basically the parties who are involved in an REIT is basically a sponsor, manager, trustee, and people like us who are the investors or unit holders there. So sponsor is the k

https://youtu.be/zoXmby2yclM

Transcript 

Darshan Doshi (00:09)

Welcome to DASAR. My name is Darshan Doshi and we have an awesome podcast guest with me, my close friend Rohan Koshy. He's a part of the New Horizon Fund. He's been in the investment world for almost a decade now. And in this podcast, he covers right from the basics of what is the stock market, what is the art of picking stocks? How do you ideate how do you generate ideas for investing in the stock market? When does it make sense to invest in the stock market? How do you approach investing to the stock market? Should you invest in direct stocks? If so, how do you evaluate? He even goes into the depths of how do you research for stocks. How do you value these stocks? What are the popular methods? And then how does psychology or how does long term thinking affect your stock market returns? So we've covered a whole lot of things. Rohan has been amazing in this podcast. I hope you enjoy this. And if you learn from it, be sure to drop us a note or hit reply or share it with your friends. The more people who become educated with personal finance and investing, the better it is as a society. So go ahead, enjoy this podcast.

Darshan Doshi (01:31)

So I had a crystal ball which told me today the market is going to crash significantly. And so I brought in all my eight senses to invite Rohan for this session. Of course. I'm just kidding. Rohan, thanks a lot for joining and taking this session. Today we saw 3% market correction roughly in the Indian stock market if you've been following and there are two lines of thought, if the market is dropping by 3% means people are selling. But that also means if you're someone who has been a good investor, you could potentially look at this as an opportunity to build your portfolio and invest in the long term.

Rohan Koshy (02:19)

So I'm just going to get started. One thing that people do when they start the investing journey is essentially, there's this guy, right? And the idea is that a lot of people think that you can do this on your own. And it is true to a certain extent. But there are certain things that people tend to forget about how difficult it is, and they should keep that in mind as they start their investing journey. I know this sounds very basic, but a lot of people forget this part. And for those of you who are either building a business or have built a business, the stock market is about access to capital, right? That's the main function. And that's the primary market. That's the IPO market. And what we do trading and making money is not a function of the market. It's not what the market is designed for. That's just an outcome. But what it does help is price discovery. Price discovery is essentially every business is valued at a particular level, and that value gets determined over a period of time. And that price discovery informs how capital markets function. I'll touch upon an example later where this kind of comes, you kind of figure out why this is the case.

Rohan Koshy (03:46)

Right. So why does it generate wealth? It's not there to generate wealth, but it does generate wealth. It's primarily because you're betting on people. So all the people who are here at 08:00 in the morning or 08:00 in the night are essentially very interested. They are doing their own things, but they are essentially working hard and being innovative. And the market allows you to benefit from that, provided you put in some effort of your own. It's not gambling. It is definitely very far away from that. There is one element to why you're investing in the market, because you have an objective. There's no other reason for it. The objectives are essentially very simple. You want to get to a level of wealth which makes you comfortable, allows you to do something which depends on everybody. And that part is really for you to figure out what it is. But essentially it falls into four or five things. I want to make enough money to take care of my

https://youtu.be/krQcNXI9Ooo

Transcript 

Darshan Doshi (00:00)

I got fired and it was the best thing that ever happened to me. Now, here's the context. Year is 2014, I was working at over $120,000  a year job in the leadership development program of one of the best companies in the world in Boston. Now, you know the US Visa system, the H-1B Visa. A lot of you might have applied for it but not have got the Visa or have got the Visa.

Darshan Doshi (00:23)

I fell on the other side where out of 180,000 Visa applications, I was one of those who got rejected in the US Visa lottery system. What did that mean? I was working in the leadership development program. I was working on one of the best projects under one of the best managers I have worked at. Now this was in Boston. I just graduated a year ago from an MBA from Babson College and I had two little daughters who had just been delivered and I just spent about $100,000 on my education. Now life was good. This was in Boston. I was enjoying the winter, I was enjoying the snow. But the Visa system really just, I fell on the wrong side of the lottery system in the Visa. My boss called me and said, we have to let you go. We can't put you in the 42 countries that they are present in and that really was a bummer for me. Now, I was given 60 days to pack up and leave USA and move back to India.

Darshan Doshi (01:27)

Here are the three things that I learned from that. First and foremost, you might be comfortable, you might be working at the best job that you like with the people that you love. But it's a job and so always be on the lookout to make sure that you are not left in a position the way I was high and dry. Always be looking for jobs if you are not financially independent. The second part is financial independence. If you have money in the bank, if you've taken care of your personal finances, you can get over the emotional struggle and getting a job over six months. It is extremely important that you've sorted out your financials, especially if you're going to lose a job and you never know when you might lose a job. The third thing is keep an open mind. Here's what happened after I was fired. I met one of my Babson classmates who was visiting Babson, Boston and caught up with him, told him the situation and he said, why don't you come and join my start-up? We are about to grow. It was a start-up out of New Zealand. I continue to work with them and it was the best thing that ever happened to me. So I got fired from a job. But serendipity happened and I had an open mind and the best, the icing on the cake was that the company who fired me hired me back on a six-month consulting project, just because it was a complex project, I had already invested spent about 15 months working on that project and they really wanted to make progress on it.

Darshan Doshi (03:01)

So here's what I learned. One, always maintain relationships. Second, keep an open mind. Third, keep your finances in order. I hope this never happens to you. But you never know. All I can say is you have to be ready for whatever life throws at you.

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I Got Fired and it was the Best Thing that Happened to Me

May 20, 2022

Darshan Doshi

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Transcript  Darshan Doshi (00:00) I got fired and it was the best thin

https://youtu.be/2JAqTtYViZ4

Transcript 

Darshan Doshi (00:08)

Hi, welcome to DASAR. My name is Darshan and we have an awesome podcast with Devang Kabra today. We are going to talk about investing, about making money. Just a quick overview. Devang is someone who has turned from an entrepreneur to an investor. Through childhood, he's burnt a lot of his own money in trading, in investing, and then over the last two or three decades, he's gone on to learn and read and practice what he's been preaching by following and testing different ways of investing in order to make money. So in this podcast, we cover Futures and Options. What are Futures? What are Options? When does it make sense for a person to invest through these investment vehicles? We talk about the stock market. We talk about direct investing. We talk about mutual funds. How do you select out of the hundreds of various mutual funds out there? We talk about cryptocurrencies, and Devang, in his own style, in a very candid way, shares his own experience. And lastly, we talk about what are some of the key lessons and contradictions, and the myths that are there in the investment world. And so he tries to debunk a few of those myths for us. Take a look at this podcast. If you're interested, reach out to us. We will be happy to include your questions in the future podcast on personal finance, financial independence, and investing.

Devang Kabra (01:52)

To start off with, my first stock buy was way back in 1998 when I was in the 12th Standard and I bought a share called Sathavana Ispat for Rs12. I borrowed Rs 12,000 from my mum and I was sitting in the library in NM College in Bombay where I graduated from and there were a couple of people talking about Sathavana Ispat. So I went on the basis of that. I don't even know who told me, I don't even know what the discussions were. I mean, who was talking to whom? I just overheard. I went home, I told my mom, lend me Rs 12,000. My pocket money was Rs 500 per month that time. So I said lend me Rs 12,000. I will guarantee to return it with profit. So that was how I started from 1998-99 till today, I have done all kinds of things. So whatever I'm presenting you can be rest assured that I have done everything. Futures, Options, Leverage Trading, Commodities. So I have traded in the market, invested in the market when you could get a ten lakh rupee future lot for a 50,000 rupee market when the future started in 2006-07.

Devang Kabra (03:16)

So I've done long term, short term, midterm, whatever you call it. I've done all that. And I've blown up my account. I don't even have the count now. Maybe three or four times my own account I've blown up. And now by God's grace, with the help of the learnings which I have bought over the period of time I can call myself a very mature and a stable investor right now. In the course of this talk, I will tell you a few things which are completely contradictory to what you might have heard about. First thing, which is a contradictory thing is you get more ROI with lesser risk in delivery base rates compared to futures or leverage futures options. This is completely contradictory to whatever people, the big brokerage houses like Zerodha would tell you, or all the trainers which are around the market will tell you, everyone will tell you, okay, because you get the leverage, you will earn more. But the fact is, because you have the leverage, you will also risk more, right? In simple terms, futures trade is nothing but it is leveraging all your trades. Suppose you've got two lakh rupees in your bank.

Devang Kabra (04:36)

You buy a contract, futures contract worth six lakh rupees, keeping that two lakh rupees as a margin. That is what future trading is all about. It is trading on leverage. In delivery trading, it's very simple. You've got a crore. You can buy only one crore rupees worth of shares. In options and futures if you have a crore worth of shares or cash, whatever it is, you can go and buy three

https://youtu.be/Nt0Y_Fz9Ph4

Transcript  Darshan Doshi (00:08)Did you know that the super rich added $1.9 trillion in 2020? 2600 billionaires added $1.3 trillion in 2021. How much did you add to your net worth in 2020 and 2021? Do you know? What investments did you make and what is the investment returns that you got over the last two years? Here are some stats for you.Darshan Doshi (00:33)The super-rich got rich by investing their money. Where did they invest in? Cryptocurrency gave about a 800% return in 2021. 15 NSE stocks that have given about a 2200% return since March 2020. That means if you invested one lakh rupees in March 2020 in these 15 stocks, they would have given you 22 lakhs today. That's a lot of money. How do you invest? What do you invest in, your asset allocation and more. You have to learn how to research and analyze investments before you put your money down. Don't go by tips. Don't go ask your friend. What did he or she invest in? Do your own research. If you are interested in cryptocurrency in Ethereum, go to a16z.com. Read everything about cryptocurrency, it's utility value, what are the trends? Read all the white papers, form your own investment thesis so you have conviction. You should have a clear idea of how much this investment is expected to give you return.Darshan Doshi (01:41)Now we all know we can't predict the future. There is no Crystal ball. But shouldn't you at least have an expected outcome for the money that you are putting in? So having a clear point of view when you are making an investment is extremely important. If you want to learn how to invest in stocks, startups, cryptocurrency, gold, real estate, I have launched a 90 day Get Financial Freedom Bootcamp that starts this Sunday. It's a twelve week program where you get on top of your personal finances, you learn how to invest, you learn how to manage your personal finances. You get to interact with like minded people and with investors and certified financial experts as well. So if you're interested, go to www.dasar.in and join us because we begin on this Sunday, that is two days from now.Darshan Doshi (02:38)The next part I want to talk about is financial goals. How do you set financial goals? Based on your financial goals, you should be making an investment in relevant asset class. Some of the most common financial goals are owning a home, making secure your future through an emergency fund, taking care of your kids education, retirement planning and owning a car, going for international vacations. Setting aside a budget for these beautiful devices.Darshan Doshi (03:11)Make sure you set your financial goals. Have a very clear point of view. Don't change the goal coast often. Otherwise that will lead to discouragement. That will lead to you not becoming financially independent. Go to www.dasar.in under newsletter, you'll find a very long essay on how can you do annual budgeting, how can you invest and more.Darshan Doshi (03:35)Do you know how many days or weeks from today you are going to be financially independent? Meaning you don't have to work in a job if you don't have to you're going to get enough money coming in through your investments to take care of your annual expenses, to take care of your investments that you need to make to meet your financial goals. That according to me is the pinnacle of personal finance, becoming financially independent and financially free. So if you are interested in joining the program, hop over to www.dasar.in. Subscribe. If you have questions, reach out to me and I'll look forward to talking to you soon. Read the full article: How to get your Personal Finances in Control?  Sign up and join 90 Day Personal Finance Program We start on Sunday, Jan 23, 2022.

If you liked this podcast, you may also want to listen to:Decoding the Indian Fund Management Industry | Mandar Mhatre | Investing | Personal Finance | Wealth | Stock MarketGaining Financial Independence | Darshan Doshi | Personal Fina

https://youtu.be/ff569g_Q6yY

Transcript 

Elon Musk (00:08)

Well, first of all, you don't need College to learn stuff. Everything is available basically for free. You can learn anything you want for free. It is not a question of learning. There is a value that colleges have, which is like seeing whether can somebody work hard at something, including a bunch of sort of annoying homework assignments and still do their homework assignments and kind of soldier through and get it done. That's like the main value of College. And then also, if you probably want to hang around with a bunch of people, you're on age for a while instead of going right into the workforce. So I think colleges are basically for fun and to prove you can do your chores, but they're not for learning.

Darshan Doshi (01:02)

Hi, guys. Today is an interesting topic, something that I've been debating with a lot of people, my friends and family members. And I'm sure it gets a lot of people charged up. Do you need a degree? Do you need a certificate? Do you need credibility to get a job at a big brand like Apple, like Facebook, like Flipkart? Right. And so the simple answer to this is what Elon Musk put it right. People go to a campus to have fun. They don't necessarily need a degree to get a job at a brand. I kind of partly agree with him. Not completely. And let me use a few minutes to decouple this. So one of the things that I want to focus on is what are brands, what are hiring managers, what are executives, professionals, founders looking for? They are looking for people who will get the job done. In certain highly skilled jobs, like a doctor or a technician, lab technician, you would prefer some sort of credibility being built into it.  So the question of credibility got through a degree comes into question. So again, it's the question of your mind, not your physical body, your mind. That is where you need to sharpen your mind like a Samurai. And that is what we offer. At DASAR Club, I've just launched a 90 day Get Sh!t Done Bootcamp. This is for people who want the frameworks, the decision making capability to be able to improve what they do and how they operate every week. And so I'll come back to that in a bit. But let's focus on the topic of are you buying credibility by going to an undergrad, postgrad or a master's degree, an MBA degree, an Ms degree? What are you really buying? And the base assumption of this is that an MBA equals to a job. Now, is that true today?

Darshan Doshi (03:10)

Let's talk about simple economics of demand and supply. Early on, you had a few universities who offered Ms degrees, MBA degrees. And so only a few people went through, and the industry was kind of ready for absorbing them right away. Today, what has happened is, today you have so many schools out of which you have millions of MBAs coming out, but not necessarily getting placed, not even in a place like India. Some universities are able to place all their students like maybe IIM, and IIM Bangalore and IIM Ahmedabad and Harvard’s and Kellogg's, but those are a handful. The ones who are getting into IIMs, into Harvard are people who are by the method of filtration itself are going due to IQ levels. The company already knows that this person coming in is extremely smart, inherently. So the first decoupling to do is is an MBA equal to a job? Not necessarily true today. Okay, so then let's flip this around and say, what does the job giver want? So if you are a decision-maker, if you are a CXO, if you are an executive, you're a founder of a large company, small company. What you want is, can I hire this person to do the job that I need to get it done? Do I care about whether this person is an MBA, Ms Engineer, Non-engineer, does not have a degree, not. It is not needed today. Why? Because today you can build experience directly before getting that credibility or that experience can substitute that credibility.

Darshan Doshi (04:55)

So show. Don't tell. So what you can

https://youtu.be/zySDug9wGdY

Transcript 

Darshan Doshi (00:08)

Hey, guys, welcome back to DASAR. We're almost at the end of 2021. I thought I'd use this podcast to recap on what we've been able to do at DASAR, which is a newsletter and a podcast. And then we've just launched DASAR Club. So in this podcast, I'm going to talk to you about how you can launch your own podcast, how you can launch your own newsletter, and hopefully you'll want to become a part of DASAR Club as well.

Darshan Doshi (00:32)

So first thing, why did I launch a podcast? My idea was simple. The vision of DASAR podcast was to really bring and distill experiences of people who have been there, done that into a 30 minutes snippet. And so I've been fortunate. You must have seen a few guests come on my podcast where we've talked about money, about fitness, about productivity, leadership, resilience, and the whole lot. So the first part about podcast is what is it that you want the podcast to be about? This should be something that's extremely meaningful to you. This is something that you are curious about. I'm extremely curious about personal finance, about fitness and how to be better every day. And so that is what the focus has been about DASAR.

Darshan Doshi (01:20)

Now, I've done about 34 episodes this year. I launched it on February 19, and it has been a very fulfilling experience. Yes, I've had my share of rejections, and you will have to deal with that, too. When you put yourself out there, you're going to have people come in and say, who listens to this? Why are you posting this to me? Why are you sharing it? You are not serious about this. I've literally had these feedback come in from people I know. And so you're going to face that kind of rejection. But you just have to go back to why is this meaningful to you? So the next part of the podcast is, what kind of podcast do you want? Do you want an audio podcast? Do you want a video podcast? Is it going to be a five minute podcast? Is it going to be an hour long? Is it going to be over Zoom calls? Is it going to be in person in a studio? And so when I was thinking about it about a year ago, exactly. I thought the whole world during Pandemic has moved over to Zoom calls. So let me actually go into creating a studio in one of the rooms of my house. And big credit to my friend Rohan Wekhande. He runs the Fitster5 business. He kind of came in and he said, I want to learn how to do video recordings, video editing. So why don't we combine and we launch this podcast together? So a lot of credit to him over this year to have helped me bring me this far at DASAR podcast, where we invite a speaker and I ask them very specific, topic-focused questions and distill the experiences of these people, people like Shridhar Shukla, Jaydeep Doshi, Jaideep Merchant and so many other folks. So the first part of it is, what kind of format do you want? It's easier to do on Zoom, but also the quality is not as good, as this that you might be seeing. So be very clear what kind of quality that you want, because it's going to affect how much money it's going to take. Doing over Zoom will not cost you much. You can take Riverside.fm, which is what I have used for some of my podcasts where Nick Petrie was in New Zealand, Garrett was in the US, and so that cost anywhere between about 1000 to 2000 rupees in subscription per month. So you can use Riverside.fm; you can use MS teams, and you can edit it using Adobe Premiere Pro or Descript or Happy Scribe as well.

 

Darshan Doshi (03:57)

So another thing about DASAR podcast is I love to read. I love to read, I love to watch, but more so reading. So I was very clear that when I do the podcast, I also want transcription on my website. So the transcription is done through a software called as Happy Scribe. And this is again, a few hundred rupees or a few thousand rupees, depending on whether you take monthly subscription or annual subscription. But it'll really get you there about

https://youtu.be/SIWxSqWuuaA

Transcript

Darshan Doshi (00:09)

Welcome back to DASAR. My name is Darshan Doshi. We have a super guest with us today, Nick Petrie. I've known him for a few years, admire a lot of his work, learnt a lot from him. Nick Petrie just a quick overview of Nick. Nick is someone who has worked a lot of years in leadership development, in people development in Brazil, and he's going to share a little bit of his own personal experience today, which is going to be quite fascinating and interesting to hear about as well. But professionally, he's the head of executive development at Cultivating Leadership. He's also part of the center for Creative Leadership. He was the owner at Performance at Work and has a master's degree from Howard University. So overall, Nick is someone who has years and years of experience of coaching executives to become better. He's also part of the Adeption and the JumpShift family. He's on the advisory board helping us create some of the best experiences, some of the best thought leadership around resilience, around vertical development. And we are going to touch base on a few of these topics today. So Nick, welcome to DASAR. I am so excited to have you here. There's so much to talk, so much to learn from you. But welcome to DASAR.

Nick Petrie (01:25)

Thanks, Darshan. Thanks for inviting me.

Darshan Doshi (01:27)

Nick is joining us from New Zealand. My first question to you, Nick, is around resilience. You've spent so many years around resilience and post, COVID there are a lot of challenges around mental health, mental fitness. And one of the things that I see quite widely is around friends, family who are having a lot of tough time dealing with the pressure, the stress at work, the stress at home, livelihoods, their own lives were in danger with COVID- 19. And I think what we have seen is the pandemic coming through COVID. But we are now starting to experience a pandemic on mental health. And this is where I feel resilience is a very important concept. But maybe you could start by giving an overview of what does really resilience mean. And how does one go about being more or becoming more resilient? Maybe some thoughts on that?

Nick Petrie (02:20)

Sure. So the way people have traditionally thought about it is it's about being able to bounce back from adversity and that's sort of true. But that also denotes that life event is going to knock you around. So when you think about sort of stress, for example, it's on a continuum. One end is trauma and then the other end is day to day stress. If you experience a trauma, you might grieve, you might need to get counseling. You might need to take some drugs. But what most people are dealing with most of the time is this day to day stress and getting overwhelmed by it.

Nick Petrie (02:57)

So I was heavily influenced by this body of research, which is what my mentor did at the University of York, and he sort of looked at the idea that traditionally, we think our stress is caused by events. And really, if you have these various events, you're going to get stressed. But one of the things they saw in their research was that different people were going through the same events. Some people were getting completely stressed and overwhelmed, and another person in the same job, exactly the same event wasn't getting stressed at all. They were resilient. They weren't getting overwhelmed. And they were interested in why. And so it's a couple of big ideas which emerged from the research. The first one was that there was a difference between pressure on one hand and stress on the other. Usually we put this together, but if you separate them part, you start to get some options. So they came to define pressure as external demand in your environment. So it's workloads, it's deadlines, it's changes, it's moving house. It's just all the normal things which happen, which most people are sort of feeling overwhelmed by.

Nick Petrie (04:06)

Everyone had pressure. Ev