Stalwarts together in Beijing, 1995 (Picture source)
” In the short run, investment is like voting machine. In the long run, it is like a weighing machine. “
” While investing, remember the 2 points. One, capital should be safe. Two, always remember point one. “
These and other famous Buffet pearls made quick rounds in yesterday’s Ocio club gathering in Alipore. The man holding the center stage was the famous Mumbai stock-market investor, Rakesh Jhunjhunwala. Those of us who keep an eye on daily stock movements and hold a very modest portfolio, know that there is no dearth of advisors who like to pass on hot tips for your next purchase.
But perhaps investing in stocks is easier said than done. Just as it is possible to earn handsome gains, it is also equally probable to burn one’s fingers every now and then. The bull-run till May last and the frightening slide after that are pointers in that direction. That is why it is a good idea to revisit concepts and techniques to look for broader longer-term direction of the market and be able to succeed.
Rakesh Jhunjhunwala: the king of Indian investments (Picture source)
Rakesh is known to be the most successful (and so, most-revered) investor in India’s stock market. The combined weight of his and his family’s equity holding is said to be around Rs.1,735 crores (about US $385 million, if my arithmetic isn’t wrong), which, needless to say, is beyond even my impossible dreams. But that he has accumulated wealth of such a magnitude speaks volumes of his acumen and ability to make more correct decisions compared to wrong ones.
The Ocio session was for members of Millenium Mams, a forum for housewives wanting to learn the ropes of investment opportunities. Lucky, they got to hear it all from horse’s mouth!
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