Gaurav Kapadia on New York City, Investing, and Contemporary Art

<p class="MsoNormal"><span style="font-size: 12pt;">Help us keep the conversations going in 2026. <a href= "https://mercatus.donorsupport.co/page/cowenconvos26?utm_source=podcast&utm_medium=shownotes&utm_campaign=eoy26"> Donate</a> to Conversations with Tyler today.</span></p> <p class="MsoNormal" style= "margin-bottom: 0in; line-height: normal;"><span style= "font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-font-kerning: 0pt; mso-ligatures: none;"> Gaurav Kapadia has deliberately avoided publicity throughout his career in investing, which makes this conversation a rare window into how he thinks. He now runs XN, a firm built around concentrated bets on a small number of companies with long holding periods. However, his education in judgment began much earlier, in a two-family house in Flushing that his parents converted into a four-family house. It was there where a young Gaurav served as de facto landlord, collecting rent and negotiating late payme...