While analytical judgment is considered universal in science, in finance investment decisions are derived from mental heuristics.
Increased capital flows to a space with low transparency and distinctly limited opportunities can be the classic setup for a bubble. In venture capital, this is magnified by the boom-or-bust nature of the companies themselves.
Welcome to the inaugural Weekend Reads from India. Every few weeks, I'll endeavor to bring you a mix of the most important stories affecting local markets, the national discourse, and global sentiment about investing in India.