From what little I know, I don’t think we should mix investing and speculation, so to speak, together.
While there are instances, where stocks have risen 20 or 30 times in a couple of years, they are rare. With shorter term trades, the payoff could be very good, one can get 20-30% in a couple of months, and if one can do this repeatedly, finding trending stocks in trending sectors, with increased position sizing, pyramiding, with good knowledge of TA, and timely exits, not to mention the markets being buoyant, there is a possibility of making more than what one would get through investing in the same period of time, and all of this is without leverage, and in cash segment. Not to mention the risk management, which can completely derail everything.
100 crores from 1 crore in 3 years, must be derivatives too? He must be a great trader, and he must have been very lucky on certain days with derivatives trades, and he must have got big losses too.
From RJ himself. He admired both Buffett and Soros.
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