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I have a habit of reading , and this morning i Google some investment banking news and there came a link to an article from business today. It said the rise of boutique investment banks in India. Time and again markets have gone under water , almost to the level of sinking. But why ? The why is not for why markets sunk but for why when things turned sour they did not come under control. Why the intelligent minds don’t try to turn around things and grab a opportunities.
I saw so many people loosing their jobs and are out of work. Some selling newspapers outside. Some opening their shops. Not that i am saying that they are doing bad , but there are some people who are different . Who are recognized for grabbing opportunities. One such set of people whom i read about in business today were outstanding. Even when things turned bad for markets these innovative brains have implemented the concept which i would say big giants would think twice to implement . Just because they don’t want to make small profits. Well these small profits act like an umbrella for the rainy days. When the storm is already there you cannot have grilled fish in the kitchen, rather you got to work on the deck of the ship to save the lives of 100’s that are on board.
The concept of boutique investment bank that was implemented in India is amazing. I am not sure if it was implemented or how it was implemented in other countries.
Small line of customers (presumably anxious investors and savers) outside a branch of Northern Rock – a Mortgage specialist and a top UK mortgage lender – in North Street, Brighton, East Sussex. The business (a former “savings and loan” type Building Society which was demutualised in 1997) has been affected in part by problems in the US “subprime” lending market. Picture taken late on Friday afternoon on 14th September 2007. (Photo credit: Wikipedia)
Post the aftermath of global financial crisis around in 2008 , investors had started loosing trust on the big giants or the big investment banks. This was the opportunity for a concept to rise. That is where these boutiques scored over the big investment banks. The specialty of these boutique investment banks was that they started making profits on a smaller scale initially with a bunch of research folks and analysts. Yes profit margins were slow but as things progressed the deals were flowing in sm0othly and that is the profit margins of these boutique investment banks went high and that too in billions. And this made me realize that you want to reach billions you still have to start from 0. And hats off to these entrepreneurs who showed the courage to take the risk and turn around things for themselves.
If you ask me boutique i would say boutique investment banking no one researched but it already was inside a human brain , someone had to take the courage to implement this concept. The one who takes the courage is the one who succeeds. And that is very true from these examples set. Please refer more the business today article for more.
http://businesstoday.intoday.in/story/boutique-investment-banks/1/185848.html
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