You get an idea of the extent of Radhakishan Damani’s reclusive nature that even the mighty Forbes does not have his picture. However, we are fortunate that we not only have his picture but we also have a video clip taken on the occasion of Rakesh Jhunjhunwala’s 50th birthday celebration. You can see the Badshah pay tribute to Radhakishan Damani. Radhakishan is, as expected, totally embarrassed at the attention he is getting.
Three attributes of Radhakishan Damani’s personality that Rakesh Jhunjhunwala talks about is “wisdom”, “extreme patience” and “humility”. It is not a coincidence that all the great investors of the World, including Warren Buffett, have a humble and down-to-earth attitude.
The only surprising aspect of Radhakishan Damani’s entry into the Billionaire’s club is the time it took. He ought to have been part of the elite inner circle a long time ago given his uncanny ability to foresee trends in the economy and his brilliant stock picking ability.
No doubt, the entry would have been aided by the spectacular success of some of his recent stock picks like Gati, TCI and TV Today.
Now, what we are eagerly waiting for is to see which other of our favourite stock pickers makes it to the Billionaire’s club. Any guesses?