Sachin Khajuria: Founder of Achilles Management & Former Partner at Apollo: Exclusive Interview

by Fred Fuld III

The following informative interview was provided by Sachin Khajuria, the founder of Achilles Management and a former Partner at Apollo, one of the world’s largest alternative asset management firms. He has twenty-five years of investment and finance experience and holds degrees in economics from the University of Cambridge. He is also the author of Two and Twenty: How the Masters of Private Equity Always Win, which was recently released.

This interview contains a lot of great information about the private equity fund industry and the economy. Some of the topics included are as follows:

What a private equity fund is and does
How private equity funds differ from hedge funds
The possibility of a recession
The current high inflation rate
Stagflation
The current state of the stock market
Advice for someone who wants to get into the private equity field
and much, much more!

The Sachin Khajuria Interview

Enjoy listening to the great insights and information that Sachin Khajuria provides.

To stream the interview, click:

HERE

It may take a few seconds to load. You can also download the interview as an mp3 file by right-clicking (or Control clicking) HERE and choosing “save as”.

The Two and Twenty Book

The book, Two and Twenty: How the Masters of Private Equity Always Win, is available through Amazon and other book stores.

More Information about Sachin Khajuria

Additional information can be found about Sachin Khajuria and his company at Achilleslp.com.

Enjoy the interview!

All opinions are those of Sachin Khajuria, and do not represent the opinions of this site or the interviewer. Neither this site, nor the interviewer, nor the interviewee are rendering tax, legal, or investment advice in this interview.

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Statistics: Gold versus the Stock Market This Century

by Fred Fuld III

It may look like gold hasn’t been doing much of anything recently. Even for the last twelve months, gold has been relatively flat.

So what about long term. Can gold outperform the stock market over a long period of time?

Of course, it depends on the time frame, but let’s look at this century, beginning January 3, 2000 (the first business day of the year).

Based on that time frame, gold has far outperformed the various stock indices, including the S&P 500, the NASDAQ, and the Dow Jones Industrial Average.

As a matter of fact, gold has increased by 558% over that time, versus 329% for the S&P 500 as measured by the SPDR SPY ETF (SPY), which was only up 329%. This includes dividends for the SPY.

The statistics for the returns are below, which also include the Dow and the NASDAQ.

Gold versus Stocks This Century
Percentage increase in price from January 3, 2000 to the present

Dow Jones Industrial Average				190%
S&P 500 as measured by SPY				329%
NASDAQ as measured by QQQ				276%
Gold price per ounce				558%

* Adjusted for splits and dividend and/or capital gain distributions

Sources: Yahoo!Finance historical data, sdbullion.com

Is gold in your portfolio?

The Largest Company Right Now: Not Tesla or Apple or Amazon

by Fred Fuld III

At the time this is being written, 1:09 am PT on October 29, 2021, the largest US publicly traded company by market cap is Microsoft (MSFT) at $2.478 trillion.

In second position is Apple at $2.462 trillion.

Surprisingly, Google, I mean Alphabet (GOOGL) is ahead of Amazon (AMZN), Tesla (TSLA), and Facebook (FB), I mean Meta. Alphabet has a market cap of $1.956 trillion.

Check out the list below. Market cap values are in trillion dollars.

MSFT	2.478
AAPL	2.462
GOOGL	1.956
AMZN	1.698
TSLA	1.104
FB	0.902

Do you think we will ever see quadrillion dollar companies?

The Stock market will be Closed on Labor Day and These Other Days

In case you were wondering, the New York Stock Exchange and NASDAQ will be closed on Labor Day, Monday, September 7, 2020.

These markets will also be closed these following days:

Thanksgiving Day, Thursday, November 26, 2020
Christmas Day, Friday, December 25, 2020
New Years Day, Friday, January 1, 2021

In addition:

The stock market will close early at 1:00 p.m. ET (1:15 p.m. for eligible options) 10:00 a.m PT on Friday, November 27, 2020.

The stock market will close early at 1:00 p.m. ET (1:15 p.m. for eligible options) 10:00 a.m PT on Thursday, December 24, 2020.

Upcoming Stock Market Holidays

Need to know when the stock market is open and closed during the next couple months? Here is the schedule.

November 23, 2017	Thanksgiving Day – U.S.	Closed
November 24, 2017	Early Close – U.S.	1:00 p.m. ET 10:00 am PT
December 25, 2017	Christmas Day	Closed

The stock market will also be closed January 1, 2018 for New Years Day, and will be open for regular hours on January 2.