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Gateway's Shankar bets on 'biscuits, not bitcoins'

Back to basics investment strategy shuns fads in favor of everyday needs

At the end of 2017, V Shankar advised investors to stay away from three plays -- bitcoin, Argentine bonds and Tesla stock. "I think I have been proven right on all three," he says.

BANGKOK -- V Shankar is not afraid to shun fashionable investments. Back in 2017, the chief executive of investment house Gateway Partners warned against cryptocurrencies, which were all the rage. Today virtual currencies have taken a hit as regulators step up their oversight and Bitcoin billionaires are looking a good bit poorer than a year ago.

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