Rakesh Jhunjhunwala was wary of providing investment ideas despite being constantly badgered for them, but once said he was unable to refuse a woman when she persisted.
He suggested a stock he expected to double in two or three years. The woman was disappointed and it showed on her face, and she asked, “Just double?”
While some may have found unexciting the pace of long-term compounding, its effect on the growth of Jhunjhunwala’s fortune has only become more pronounced with every passing year. More than 75 per cent of the value of Jhunjhunwala’s disclosed portfolio emerged in the past seven