In Indian finance industry, anything foreign is really important and carries enormous has weight. However, Indian public does not seem to buy the hype. Be it foreign banks or foreign mutual funds, most just fail to make an impact.
After huge hype over their entry, both Goldman and Nomura are exiting Mutual Fund space in India:
Prof. Frederic Payor of Swathmore College has had some experience in life. He was mistook for a spy in East Berlin due to his dissertation on Russian economy! The topic of dissertation was on the foreign trade system of the Soviet bloc.
All this interesting titbit was hardly known till Steven Spielberg/Tom Hanks did not play the events in their recent movie – Bridge of Spies.
In this interview, Prof Payor narrates the experience and how closely the movie captures reality:
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