Billionaire Michael Milken joked “if a US company replaces the US-born CEO with a CEO born in India, I buy the stock” But he reveals he hasn’t backtested the idea. So we did. In the last 15yrs, that would’ve 50x’d your money: 7.5x more $$ and >2x IRR vs S&P500: 30% vs 14%!

@deedydas Alpha here isn't 'Indian CEOs are better.' American boards only hire immigrant CEOs when they're truly desperate .. bottomed-out stock, failed turnarounds, nothing to lose. You're buying a distressed company with finally-aligned incentives.

@multiplethreads @deedydas List 10 companies as an example.

ANET, MU, ENPH, GOOGL, MSFT, PANW, ADBE, DOCN, NTAP, IBM Beautiful chart. Terrible conclusion. These companies outperformed because they were broken when the new CEO walked in. Low base + aligned incentives + someone who grew up knowing they couldn’t afford to fail. That’s not an India alpha. That’s a desperation alpha.

@multiplethreads @deedydas 😂😂😂😂😂 clearly you have no clue how business work. Desperation doesn't create results. None of them were failed business. You are believing narratives. None had poor cash flow, all were just facing pressure like their peers were. But sure, if you wanna think this way.

@Daalpakwaann @multiplethreads @deedydas He bought Twitter plus and started talking like a big shot to his 13 followers 🤣🤣🤣

@onlyhere4stox @Daalpakwaann @deedydas Too much assumption for being a He. Wake up and smell your 6 followers first

@multiplethreads @Daalpakwaann @deedydas End of the day you’re making Elon rich, a guy who said he loves Indian talent. Enjoy your blue check honey 😘