Atul Suri is Rakesh Jhunjhunwala’s right hand man when it comes to trading in stocks (Utpal Sheth is the right hand man for fundamental picks).
Atul Suri is a whiz-kid. He has a razor-sharp mind with the ability to process vast streams of information and take multi-crore buy-sell decisions in a split second.
However, if you thought Atul Suri was happy with his achievements, you are wrong.
In a recent CNBC-TV18 show, when Ramesh Damani made the astonishing revelation that the Indian stock markets had gone up 40 times (4000%) in 25 years, Atul Suri had a crestfallen look because he knew that he had not seen any huge super-duper multi-bagger profits in his obsession for cashing out with small percentage gains.
Atul Suri poured his heart out while advising others not to follow his path. His words are memorable:
“…. it has been my experience and it has come through a lot of pain and a lot of study and a long journey that you make money with the larger trends …. if you had played the larger trends, whether you use technicals or fundamentals, that was the way to make money. We get very focused on intraday movements and short-term movements. So when you see long journeys of these long returns, the problem is that the volatility in between very often when markets dip, markets fail, everyone gets nervous and people generally sell out of the bottom. If one had looked at longer trends, one had stayed longer, this is definitely the most enriching way you can make money in the financial markets. You have to stomach the volatility and only way to stomach the volatility is to look at longer trends or be invested for longer terms.”
Atul Suri looked investors straight in the eye and asked them to buy on dips. He promised that his target of 10,460 for the Nifty is round the corner. “There is a 20-22% gain and it will come in the next six to nine months” he exclaimed and added “there is a lot of money to be made” with a big smile on his face.
Samir Arora, whiz-kid with Helios Capital, revealed the surprising fact that in the last 15 years, the Indian stock markets have outperformed Warren Buffett’s Berkeshire Hathway shares. He pointed out that it is ironical that Indian investors who revere Warren Buffett and regard Berkeshire Hathway as the ideal investment did not buy Indian equity.
Ramesh Damani’s advise is also inspiring. “India is a land of opportunity. Investment is a long-term process and if you try to ride off the peaks and the valleys, you will do alright because the Sensex itself is compounding at about 15-16 percent year-on-year” he said.