Warren Buffet and Rakesh Jhunjhunwala
Today’s date is September 5th. As usual, the market will open today as well. People will trade. If we make money and the market closes, we will go home. This cycle continues every day, but in the middle of this cycle, when the date hand is on September 5th, every person remembers the Guru of his life, who had shown him the way to success. So, today we are going to tell you about that market guru, following whose advice even his disciples became millionaires. Not only this, we are also going to tell you about that Guru and the disciple whom today’s youth consider their Guru.
Warren Buffett’s guru?
Investors around the world look to Warren Buffet as their guru, but Buffet’s guru was Benjamin Graham. Graham is considered the father of value investing. He placed emphasis on identifying and buying stocks that were trading at a rate below their intrinsic value. His investment methods revolutionized the investment world in the 1920s. Graham’s disciples include many great and successful investors, including Buffett. His 1949 book, The Intelligent Investor, is still considered one of the most famous books for asset managers and stock traders.
You must have heard the name…
The name is Warren Buffett. It would not be an exaggeration to call him the great guru of global investors. He was born on August 30, 1930, in Nebraska, USA. Buffett bought his first shares at the age of 11 and filed taxes for the first time at the age of 13. He had said in an interview that he had started the journey of investing in the stock market quite late. Now think about it: a child who makes his first investment at the age of 11 still finds it late.
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Today, the business of his company Berkshire Hathaway spans many sectors. This year, the company’s market capitalization has increased by $200 billion. Berkshire Hathaway has stakes in major companies such as Apple and Bank of America. In the second quarter, the company’s cash reached a record level of $276.9 billion. Buffett is ranked seventh on the list of the richest people in the world. He believes that risk in investing occurs only when you don’t know what to do. Therefore, investing should always be done prudently.
Great bull of India?
Veteran Indian investor Rakesh Jhunjhunwala was called the “Warren Buffet of India” and the “Great Bull of India”. His investment style changed the course of wealth management in the country. He taught investors to respect the market and understand the nuances of investing. Jhunjhunwala believed that moderation and discipline were the most important things. He said that failure is necessary for growth and improvement, and that we must learn from our mistakes. Born on July 5, 1960, Jhunjhunwala entered the stock market with just Rs 5,000. It was said of him that whatever he touched turned into gold. He died on August 14, 2022.
