Today, while traveling in Delhi Metro, I picked up a conversation with a college student.
We discussed variety of topics: Economy, Politics, Books, Businesses.
And he revealed something interesting about his father: An investing acumen wrapped with long-term mentality.
1/4
We discussed variety of topics: Economy, Politics, Books, Businesses.
And he revealed something interesting about his father: An investing acumen wrapped with long-term mentality.
1/4
During dot-com era, when majority of investors were selling homes to buy IT companies, his father chose to miss the rally.
A fan of Mr. Buffett, he bought 1000 shares of Dabur.
Not only Dabur. He bought bunch of other businesses too that were available at throwaway prices.
2/4
A fan of Mr. Buffett, he bought 1000 shares of Dabur.
Not only Dabur. He bought bunch of other businesses too that were available at throwaway prices.
2/4
Since then, his investment of few Thousands of Rupees in Dabur has turned into Crores.
His shareholding now:
Split in 2000 - 10:1
Total Shares: 10000
Bonus in 2006 - 1:1
Total Shares: 20000
Bonus in 2007 - 1:2
Total Shares: 30000
Bonus in 2010 - 1:1
Total Shares: 60000
3/4
His shareholding now:
Split in 2000 - 10:1
Total Shares: 10000
Bonus in 2006 - 1:1
Total Shares: 20000
Bonus in 2007 - 1:2
Total Shares: 30000
Bonus in 2010 - 1:1
Total Shares: 60000
3/4
What he bought at Rs.20 during dot-com era is currently trading at Rs.512.
His investment of Rs.20K is now worth more than Rs.3 Crore (excluding dividends) as on today.
His core mantra:
• Buy quality businesses
• Hold as long as they perform
• Sit tight
• Avoid noise
4/4
His investment of Rs.20K is now worth more than Rs.3 Crore (excluding dividends) as on today.
His core mantra:
• Buy quality businesses
• Hold as long as they perform
• Sit tight
• Avoid noise
4/4
