In this episode, Uzair talks to Yousuf Farooq about his experience running a manufacturing business in Pakistan, why free markets are the need of the hour, and the effect of government interventions in creating distortions that ultimately harm companies like his.
Yousuf is the director of Elite Lighting, a company that is making products in Pakistan that are competitive in the market. He is also CEO of Oqaab Capital and has a wealth of experience in financial markets.
You can follow Yousuf on Twitter @YousufMFarooq
– Influence: Science and Practice by Robert Cialdini
– The Most Important Thing by Howard Marks
– The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai
Yousuf also recommends that folks watch this talk by Charlie Munger – https://youtu.be/zNxsAhc6sk8
1:15 Is the dollar available?
3:25 Why enter manufacturing?
11:05 Challenges in manufacturing
25:40 The current crisis in the economy
42:40 The sugar industry
51:10 Outlook for the future
58:35 Reading recommendations