‘Indian Warren Buffett' Mohnish Pabrai called the big bull Rakesh Jhujhunwala the greatest investor India has ever produced, praising how he mixed different investment styles to create wealth.
What Happened: Pabrai in a conversation at Young President Organization's Delhi Chapter said Jhunjhunwala could handle multiple short-term trades and balance that with long-term investments as well.
"He was a split-brain. I don't know how he did it. But he had one side where he was trading frantically every day, in and out, 3 to 4 screens in front of him. On the other side, he has these few stocks that he never touches", Pabrai said.
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The Indian American businessman pointed out how early Jhunjhunwala got in Titan and how he kept buying the stock even when it kept going up. "He bought Titan very early. But what was remarkable about Rakesh was he then loaded up more on Titan, paying 16 times what he paid for the first stake.", Pabrai added.
The “Dhando Investor” author pointed out that most investors would choose not to pay such high amounts for a stock they entered very cheaply. When he passed away, out of his $5 billion ( around ₹39,775 crore) investments, Titan made up around $2 billion (around ₹15,910 crore) Pabrai noted.
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