It is now official that Rakesh Jhunjhunwala has bought into the shares of VIP Industries causing a 30% gain in just one week. The share has quintupled (577%) in one year. We check to see if any juice is still left in VIP Industries for us.
Posts tagged stock picker
Rakesh Jhunjhunwala’s investment techniques
Rakesh Jhunjhunwala, like other geniuses, is not shy of sharing his investment techniques. So, if like us, you have been curious as to Rakesh Jhunjhunwala’s portfolio holdings and how Rakesh Jhunjhunwala picks his shares and what are Rakesh Jhunjhunwala’s investment techniques, we may have some answers for you.
Rakesh Jhunjhunwala: Still a billionaire!
India’s billionaires continued their strong showing in the Forbes Richest List of 2010.
Mukesh Ambani sprinted up three places to become the fourth richest from the seventh richest in 2009. His wealth increased by a staggering 48.7% to become $29 billion.
Younger brother Anil Ambani had a poor showing with his ranking plummeting two places to rest at 36 in 2010 from 34 in 2009. Anil Ambani‘s net worth, however, zoomed up 35.6% to become $13.7 billion in 2010.
Is Warren Buffett an “Idiot?”
Well, Failure can definitely change your perspective. When your investments go bad, the unthinkable can happen. Even Warren Buffet, the most revered and successful of investors can be termed “Idiots” by other market participants eager to savage the more vulnerable ones.
The stock picker who got it wrong!
Ramesh Damani deserves to be applauded. He is a man of scruples. His conscience is in the right place. And he is not afraid of saying “Sorry, I got it wrong this time.” The same cannot be said for all the other dooms day sayers like Shankar Sharma and Devina Mehra who, like Damani, had also predicted a dire future for the market.
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