Capitalmind’s Deepak Shenoy on acing investment and wealth creation, and enjoying the journey – YourStory

Think of investing in India’s capital and cryptocurrency markets and unicorn startups like Groww, CoinDCX, and Zerodha come to mind. 

However, investing from a mobile phone was almost unthinkable when tech engineer-turned-investor and entrepreneur Deepak Shenoy took an interest in Dalal Street and invested his first rupee in 1999. 

“We didn’t have Demat accounts; there were physical certificates at the time. I had a little bit of money and put all of it into a mutual fund in February 2000 – at the peak of the dotcom boom – to see how the whole thing worked. And, of course, the world came crashing down. My investment in a technology fund fell 80 percent,” said Deepak, recalling his initial days of investing that entailed lots of learning from doing direct investing, buying mutual funds, and looking at quantitative algorithmic investing, among others.

He has since built a fintech company based on algorithmic trading, worked for an algorithmic hedge fund, and founded SEBI-registered wealth management firm Capitalmind, which claims to be focused on detail-oriented, long-term investing methodology. 

In a conversation with Siddhartha Ahluwalia, Founder and Host of 100X Entrepreneur, Deepak said investors should be forward-looking and not be focused on a company’s current earning potential alone. One must look at potentially how big the market can grow and how much of that space the company can grab. 

He emphasised that betting on a company’s future was not a one-time process but “something that you do over a long period of time”. 

Deepak, who has seen two market crashes (the 90s dotcom boom and …….