Ep: 498 | The History & Future of Finance: Mukti Aryal on Global & Nepali Markets | Sushant Pradhan

In this in-depth episode, we sit down with Mukti Aryal, a distinguished financial economist, investment banker, and former Chief Secretary of Nepal, to explore the fascinating world of finance, investment, and markets. From the origins of financial systems to the modern Nepal Stock Exchange (NEPSE), Aryal takes us through the history of finance, explaining key concepts like bonds, IPOs, preferred shares, and financial products that shape our economy. He explains what an IPO really is, whether it’s always worth Rs. 100, and how fundamental analysis drives the stock market. The discussion also explores market manipulation, lessons from the Great Depression, and why the number of stock brokers in Nepal remains so limited. Further, we dive into valuation, cash flow, and how businesses can face losses despite high revenue. Aryal breaks down portfolio theory, derivatives, and treasury management, offering practical insights for investors and students of economics alike. This podcast is a must-watch for anyone interested in financial education, investment banking, or the future of Nepal’s economy. Subscribe for more insights from leaders like Mukti Aryal on finance, economics, and markets. GET CONNECTED WITH Mukti Aryal: LinkedIn - https://np.linkedin.com/in/mukti-aryal-68aa5a355 Facebook - https://www.facebook.com/p/Mukti-Aryal-100076327443829/