The Power of Uncorrelated Bets | Vidhi Chheda | MMML #4 |

In this session, viewers will learn why building a truly diversified and resilient investment portfolio requires combining uncorrelated assets—not just different versions of the same equity story. Vidhi Chheda explains how market volatility, global liquidity cycles, and concentrated portfolios can cause large drawdowns, and why surviving these downturns is more important than predicting them. She demonstrates how assets like gold, commodities, global equities, and currency exposure can help buffer risk, reduce drawdowns, and keep investors “in the game” long enough for compounding to work. The talk provides a practical, first-principles approach to constructing portfolios that minimize regret and maximize long-term durability.


What viewers can expect to learn:
-Why “time in the market” beats trying to predict rallies and crashes.
-How volatility affects investor behavior—and why endurance matters more than forecasting.
-Why most portfolios fail due to hidden correlation, even when holding many funds.
-How global liquidity drives markets and causes all risk assets to move together.
-Which uncorrelated assets (gold, commodities, USD-INR, global equities) help reduce drawdowns.
-How combining the right mix of assets can stabilize returns and strengthen long-term compounding.
-Why investors should think beyond India and build globally diversified portfolios.


Chapters
00:00 – 02:05 — Introduction & Why Diversification Matters
02:06 – 05:10 — Time in the Market vs. Timing the Market
05:11 – 08:45 — Volatility, Drawdowns & Karachi Market Lesson
08:46 – 12:30 — Correlation, Global Liquidity & Why Everything Falls Together
12:31 – 16:25 — True Diversification: Gold, Commodities, USD, Global Equities
16:26 – 19:19 — Building a Robust Portfolio & Final Takeaways


Vidhi is a Partner & Head of Quant Research at Qode, specializing in research automation and data-driven risk management. She builds robust pipelines, rigorously tests hypotheses, and aligns technology with strategy to deliver resilient performance. Passionate about markets and innovation, she thrives in collaborative, fast-moving, high-impact environments.

Her experience spans quant research, portfolio analytics, and execution, including backtesting, factor modeling, and monitoring live systems, alongside mentoring peers and presenting insights to stakeholders.


About MMML (Money • Markets • Mindset • Leadership)

MMML is a fast-growing community of high-quality, growth-oriented individuals who come together to discuss money, markets, mindset, and leadership. We host curated meetups, workshops, and conversations designed to make people think deeper, grow faster, and build meaningful networks. If you’d like to attend a future edition or collaborate, stay tuned to this channel and connect with us.

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