ET Alpha Wealth Summit | Is alpha dead in Indian markets? Devina Mehra says no, but the game has changed (opens original article in a new tab)

Devina Mehra of First Global stated that stock-picking is not dead but the approach to achieving better returns has evolved, emphasizing the importance of diversification and global investing over chasing hot picks.

• Stock-picking remains relevant but the method for achieving better returns has changed
• A narrow rally in the previous year caused many portfolios to lose value despite rising indices
• Diversification is described as a mathematical approach rather than a magical one
• Global investing was emphasized as important, with Devina Mehra starting overseas allocations in 1999