Esoteric Assets
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Rishi Ganti is the founder of Orthogon Partners. He has a Ph.D. in economics, CFA, CPA, lawyer, speaks six languages, and so on. Rishi's core idea about markets is this: avoid markets at all costs. The minute there are multiple buyers for anything, prices get efficient very quickly. Therefore, the opportunity to find alpha shrinks. Instead, he searches for what he calls esoteric assets, things without a market, orphaned assets that require high human capital and human touch. We explore several interesting examples from charter school financing to factoring receivables for the Vatican.