Nithin Kamath slams decision to shut stock exchanges for BMC polls, quotes Munger

Zerodha Founder Nithin Kamath criticised the decision to keep Indian stock exchanges closed on Thursday due to BMC elections, calling it poor planning. He also quoted late investor Charlie Munger's "Show me the incentive, and I will show you the outcome" words. "The holiday exists because no one who matters has any incentive to oppose the market holiday," he said.