Saturday, September 19, 2020

My journey with podcasts!

Indicast and Bizination

I had my first brush with podcasts in 2007 and 2008. I had just moved to Singapore and this podcast called  'Indicast - Indians on India' caught my eye. It was a podcast with two guys  - Abhishek Kumar and Aditya Mhatre - just talking to each other about news and happenings in India at the time. I found their style really relatable and for most part I thought it could have been me talking to my own friends. I remember listening to episodes about India's 2007 world cup performance and Pratibha Patil becoming India's first woman president, so I suppose it must have been in late 2007 and throughout 2008. 

Through Indicast itself I was introduced to their sister podcast - Bizination which was a discussion about business news in India with one of the hosts of Indicast and another lady whose name I now do not remember.

As a 15-16 year old, I did not particularly enjoy Bizination much but I do distinctly remember that it was on Bizination that I had first heard a discussion on the WTO and the Doha round of negotiations. It is testament what a disaster the Doha round has been, that more than eight years later when I was 80% through with my law degree and attending a summer school on WTO law organised by the Indian Institute of Foreign Trade and the World Trade Institute, Doha round negotiations and compromises on agricultural subsidies were still current and relevant topics of trade law and policy.

In any event, I do not know why but I seem to have stopped listening to Indicast, Bizination or indeed any podcasts sometime in 2008 because I started attending Meridian Junior College in 2009 and I do not recall listening to any podcast when I was there. I hear that Indicast went off the air for four years but has now relaunched in 2020. I haven't tried the new episodes 

 Extremities

In 2019, I began spending a lot of time watching stuff on Youtube. Mostly on weekends, but also often during the commute to and from work. So much time infact that I even subscribed to Youtube Premium. Yes, really, I pay to watch the same videos which are available to everyone for free, I just get them ad-free and with the ability to play Youtube in the background if I do not want watch the video and just listen to it instead. 

No idea why (probably because the recommendation engine just keeps recommending stuff similar to what you have watched before) but I watched a lot of short informative / documentary style videos on Youtube. Many of these videos were from the channels - Half As Interesting and Wendover Productions. It was here that I saw them promoting their new podcast called - Extremities. 

It was around this time I had decided to make most of living in Bandra and made up my mind to go on morning walks at Bandstand or Carter Road everyday and I realised that listening to a podcast might be better than listening to Youtube videos play in the background without actually watching the video. 

Honestly, the decision to try Extremities was a fantastic decision. Extremities has three seasons of 5-6 episodes each which take you on a journey to three extremely remote places - Pictarin Islands, Svalbard and St. Helena. The episodes elaborate on just how remote these places are, their fascinating histories (shipwrecks, revolts, imprisoned emperors, international shipping routes, international treaties  and what not), the present challenges these places face and their unique economies. 

I absolutely loved every episode of Extremities and I would highly recommend everybody to try it. Just make sure you read the episode notes and listen to each season in the correct order.  My favourite episode was the second one in the series about Pictarin Islands titled 'Pitcairn's Beginning, Boat, and Bureaucracy'. 

2 THE PiNT!

I just heard episodes two through four of this podcast yesterday. This is really a podcast that I should have listened to much sooner because the host is none other than my close friend Gaurav Palkar. If you are that lone person who has been reading this blog for more than seven years, he is the person who appeared as Mr. GP in this post when we ate Emu Kheema. It has been a long time since then and today he and his cousin are the men behind 2downbeerco which has been turning heads by winning two jury awards at Tapped, one of India's biggest craft beer festivals.
 

2 THE PiNT is the podcast where these Beer Bros educate us about beers. I used the word educate here only because I learned a lot from the podcast, the podcast itself is nothing like a lecture. It is an engaging conversation about a different style of beer in each episode where they cover its history, variations and interesting anecdotes. My favourite episode is Episode 3: "I like Wheat Beers" which explores the style that is extremely popular in India's growing craft beer scene. I particularly enjoyed the story of origin of Hoegarden as well as the etymology of the word dunkelweizen. It is also the only episode on the podcast (so far) where the Beer Bros are joined by a guest.

If you are more interested in drinking their beer rather than hearing them talk about it, you can order it here. I highly recommend the Basil Blonde and Dark Matter.

Personal Finance - Paisa Vaisa and the Capitalmind podcast

You probably know about Paisa Vaisa if you live in India and are even remotely interested in podcasts. Anupam Gupta, more popularly known as @b50 (which is his handle on twitter) is the best podcast host in the country and the podcast has been crowned  'best business podcast' at the Asia Podcast Awards. Every episode is Anupam talking to experts about personal finance issues. Over more than 250 episodes so far, he has covered practically every aspect of personal finance ranging from pensions, insurance, mutual fund investing, stocks, real estate and more recently crypto. His conversational tone and style of questioning makes each episode very engaging. The episodes which I have enjoyed are - the series on Fixed Income, episodes with Nithin Kamath, the one on behavioural aspects of investing and many others which I cant recall right now. One note of caution though - there are many episodes which are essentially founders talking to Anupam about their companies and products. If you are listening to one of those, it is advisable to verify and research further yourself. For instance, Minance which is now accused of some unsavoury and possibly illegal dealings was featured on the podcast. Separately, on an episode released on 29 Apr 2019 (as per Google Podcasts), the founder of Finzy touted how their platform had no NPAs (defaults of more than ninety days) when some borrowers were clearly on the verge of being NPAs by then, as is clear from finzy's public disclosures which disclosed 2 NPA accounts just 12-13 days later on 10 May 2019.  
 
The other personal  finance podcast that I really enjoy is the Capitalmind Podcast where Deepak Shenoy, the founder of Capitalmind, discusses a host of personal finance and macroeconomics issues. He also occasionally does episodes on topics making headlines such as the PMC Bank debacle and the launch of Bharat Bond ETF. While he also has guests from time to time, my favourite episodes have been the ones in which he is talking himself. I think Cpaitalmind's episodes titled How to buy a Mutual Fund? and Should you buy a house?
are great guides for beginners but the one on Stubborn Cost of Capital in India would be my favourite. It was quite eye opening for me.


Wondery Podcasts - Business Wars, Scandal and Sports Wars

During the initial days of the Covid-19 induced lockdown in India, the only time I got out of my house was to walk around the building for exercise. Walking several rounds of the same less-than-200m path was rather infuriating and drove me to find some podcasts that I could listen to while walking.

I was hoping to find something similar to Extremities but I finally stumbled across American Business Wars from Wondery where over every 5-6 episodes we hear a story of an epic business rivalry. The episodes super well researched and very well produced in a manner that the story is not only narrated but some parts are actually acted out as dialogues between the narrators. I loved the Starbucks v Dunkin series and the Nintendo v Sony series and there are also many others that I intend to try. Listening to this also took me down the rabbit hole to many other Wondery shows. Particularly interesting are Sports War which is on similar lines as Business Wars (I liked Serena v Venus and Brady v Manning) and American Scandal which tells the stories of outrageous scandals. I particularly liked their recounting of the Exonn Valdez oil spill and the fraud at Enron.

One warning though - all of Wondery's shows on any podcast streaming site are full of ads for their other shows and these ads can get really annoying after a while. It is all a part of their plan to get you to subscribe to Wondery Plus, their ad free subscription service. So far I have been able to resist.  

Ex Machina

With his columns in the Mint and the book on privacy, Rahul Matthan has always been at the forefront of the public discourse on the intersection of law and technology / privacy in India but what sets the podcast apart and what I particularly love is the various stories that Ex Machina has told about the adoption / development of technology in India. The episode 'Platforms for Society' had Pramod Varma, the Chief Architect of Aadhaar narrating the tale of early decision making regarding Aadhar. The most recent episode 'A Delicious Irony' has some fabulous stories about how Indian government once had a 'science plan', how India had an unimaginable lead in the field of statistics and finally about the circumstances which unwittingly gave birth to India's massive IT services industry, none of which I knew before. However, the most fascinating of all was the story of  the 'Simputer', a personal computing device developed in India and intended to be a shared device which featured in the episode 'The Sharing Solution'. 

Listening to podcasts

During my first brush with podcasts in 2007-08, the way to listen was by downloading episodes in iTunes on my laptop. It was only sometime in 2008 that I got a third generation iPod nano and could finally listen to podcasts on the go. And by on the go I mean having transferred the downloaded files from iTunes in the laptop to the iPod using a cable. 

Things have changed so much now that I literally cannot even remember when was the last time I transferred any audio files from computer to any device using cables. This is ofcourse the age of streaming and I listen using Google podcasts. Spotify seems to be the app of choice for several other folks that I know. Given that I do not subscribe to Spotify for music or even use its ad supported version, I do not see the point of downloading and using it just for podcasts. So far, choosing Google podcasts over the more popular Spotify and Apple podcasts apps has not been a problem because till very recently, all podcasts have been platform neutral and available on all podcast players. However, the recently launched "Michelle Obama Podcast" is a Spotify Exclusive. Techdirt makes a good case that 'We Shouldn't Call Michelle Obama's (And Joe Rogan's) Proprietary Exclusive Audio From Spotify A 'Podcast' Any More' if it is not platform neutral. Spotify's exclusive shows are likely a consequence of its new Streaming Ad Insertion technology which may allow it to play personalised ads rather than hardcoded ads which are a part of the audio files across platforms. Whatever the reason, there seems to be a real risk that podcasts / audio shows going exclusive to a platform like Spotify may down the line lead to a situation corresponding to the Netflix - Prime - Disney situation in streaming video and we may have to get two or three subscriptions to be sure that our favourite show is at our fingertips. I am not  looking forward to that.

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