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but occasional mullah is a person who needs no introduction the legendary investor is commonly known as the Warren Buffett of India in this video we look at a survey at the success story of Rakesh engine wada and his journey from 5,000 rupees to rupees 15 thousand growth but Rakesh Rajani Allah was born on 15 July 1916 his father was an income tax officer who was also interested in stocks and used to discuss a stock market with his friends Rakesh as a child would listen to them and one day he asked his father as to why stock prices fluctuate so much his father told him to check the newspaper and see if there was any news item on Gwalior rayon and if there was then the price would fluctuate the next day he found this fascinating and self-taught himself he also took up the chartered accountancy course and in January 1985 completed in CF Force this he told his father that he wanted to go and dabble in the stock market his father reacted by telling him not to ask him or his friends for money he however told him that he could live in a thousand Mumbai and that he could always earn a livelihood as a CEO if he didn't do well in the stock market the first talk that he bought was Tata tea and the first talk where he made big money was also Tata tea Rakesh and in voila bought five thousand shares of daddy I'd rupees forty three each but in three months time he sold the shares at rupees 143 making a cool profit of rupees five lakh his first real large investment was in Cibola a company which manufactures Ironwood according to Rakesh Sasagawa had a big fall because there was a depression in the iron ore industry and then prices for the next year had considerably been raised by about 20 to 25 percent so the stock was available extremely cheap around rupees 25 26 there was a projection of very good growth in profitability in the next year but nobody seemed to believe it so he bought 4 lakh shares of Sasagawa in forward reading both rupees one crore he sold about two to two and a half chairs ID rupees 60 to 65 and then another one like a trapeze one fifty to seventy one seventy five the prices then went up to the piece two thousand two hundred and he again sold some shares so he did some other trading as well and by the time he had finished his net worth was about rupees 2 to 2.5 crores according to him this favorites tortoise Titan limited he bought six crore shares of Titan in 2002 and 2003 at an average price of our own rupees three he holds more more than 8 percent stake in Titan limited even at this moment translating the more than 800 lakh shares this accounts were almost half of his holdings his second favorite stock is Lupin in 2006 he bought Lupin around 150 rupees and which is now trading at rupee 730 so let's look at the investment philosophy for occasion and voila never looked for shortcuts to success and always relied upon the knowledge readily available in the market he believes in the power of mistakes that made him learn and become a better investor according to him if you don't believe the markets are supreme he will never admit that it was your mistake if you don't admit that it is your mistake then you will never learn he also said respect the market have an open mind know what to stake and know when to take a loss be responsible Rakesh has also recommended four books which will be helpful for any investor or trader the first one is Buffett the making of an American capitalist by Roger Lowenstein so this book is an inside account of how Warren Buffett started from scratch and a master net worth exceeding 10 billion dollars the second is the alchemy of Finance by George Soros Soros is one of the most powerful and profitable investors in the world today the third book is one upon Wall Street by Peter Lynch Peter Lynch was the manager of the metal in fund which gave returns of almost 30 percent annual returns for almost 13 years and finally the last book is trade avec in the doors of a Wall Street master by Victor sporangia the author of the book who is a very successful it self explains the trading methods in needham throughout this book so the author's focus is on business cycles and the role of central bankers in creating business cycles I have given the Amazon links for these books in the description below in case you wish to purchase them coming to his current portfolio Rakesh Indian voila owns more than dovey stocks I'll be showing you only the top nine holdings however as on March 1st 2018 as we already discussed the highest weight in the boat photo Islam Titan which is almost 50% of the value of his portfolio the remaining stocks are all less than 10% of his portfolio so in decreasing order escorts chris'll NCC Lupin Delta cob they one housing rallies and federal bank are the remaining ones that's all in this video thanks for watching if you have any comments or feedback do post them in the comments below also do subscribe to my channel for more such videos on the best investors in India
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