In this episode of Purpose-Driven Wealth, your host Mo Bina talks with Akhil Patel about the importance of an investor understanding his market cycles. Of course, markets have ups and downs. But if downs are overcome, how are there periods where it...
In this episode of Purpose-Driven Wealth, your host Mo Bina talks with Akhil Patel about the importance of an investor understanding his market cycles. Of course, markets have ups and downs. But if downs are overcome, how are there periods where it happens all over again? Here, Akhil simplifies how economic cycles repeat, the common theme with downturns, and his two cents on how relationships between nations impact the economy.
In this episode you will learn:
About Akhil Patel:
Akhil became interested in economic cycles during his school years when he came across Henry George's Progress and Poverty, which explained why economies go through periods of boom and bust.
Later on, he witnessed the negative effects of not understanding economic cycles when his family's business went through difficult periods during the major recessions in the early 1990s and during the global financial crisis after 2008.
He became determined to develop a body of work that would help people – whether they were investors, business owners, or those just interested in doing something with their savings to grow their wealth or manage their affairs through the course of these economic cycles.
Akhil has professional experience in audit, central government, and international banking and has worked on a range of issues, from reviewing large infrastructure public-private partnerships (PPP) deals to helping establish the UK's £3 billion International Climate Fund.
He has two Master's Degrees (in Finance and Public Policy) and a first degree in the Classics from Oxford. He is also currently a principal policy advisor to the European Bank for Reconstruction and Development (EBRD).
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