Capitalmind Podcast From H1B to Dream11 - When risks hit you hard
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Oct 16, 2025 Discover how unexpected software glitches and legal changes can suddenly collapse markets, as seen with DreamFolks and JSW Steel. Explore the regulatory pressures facing Dream11 and cryptocurrency, and the transformative impact of H-1B visa policy on talent migration. The hosts dive into how passive investing can amplify risks and the importance of diversification to navigate these unseen threats. Tune in for insights that challenge conventional investment wisdom!
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Middleman Vulnerability Exposed By A Glitch
- DreamFolks earned large middleman margins connecting banks and airport lounges until a short software outage exposed them to being bypassed.
- Airport operators negotiated directly with banks and cut DreamFolks out, wiping out ~93% of its business overnight.
Toll Concession Killed By Court Ruling
- Noida Toll Bridge earned predictable toll revenues until the Supreme Court ruled the concession had recovered its investment.
- The toll was shut down and the listed company's business instantly became zero despite prior cashflow models.
Legal Technicalities Can Reverse Big Rescues
- Bankruptcy-resolution technicalities can retroactively undo deals and create huge uncertainty for buyers.
- JSW's Bhushan resolution nearly faced cancellation years later, showing legal risk can vaporize expected value.