Let discipline and patience do the compounding

Markets have become harder to read amid shifting domestic and global dynamics. Anup Maheshwari, cofounder and chief investment officer at 360 ONE Asset, tells Puneet Wadhwa in an email interview that real outperformance often comes from being right and early—not from following the herd. Edited excerpts:

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Have the markets now started ignoring Trump's tariff-related threats?

Yes, to a large extent, markets have become more resilient to tariff-related noise. Investors recognize that such rhetoric often attracts attention but rarely results in lasting policy shifts or major disruptions.

Staying diversified and maintaining a long-term view helps capitalize on volatility-driven opportunities rather than reacting to headline noise.

How has the investment paradigm changed in the past few years across the high net-worth individual (HNI) and ultra-HNI segments?

The investment mindset has shifted from traditional, one-size-fits-all portfolios to more goal-based, risk-adjusted approaches. Investors today are better informed and focused on portfolio diversification and differentiated alpha, recognizing the limits of conventional strategies amid increasingly efficient and cyclical public markets.

Where the focus was once primarily on chasing past returns, conversations now revolve around expressing market views and financial goals within a holistic portfolio—balancing risk, return, liquidity, and tax considerations.