Ramesh Damani, rightly called the "Nawab of Dalal Street"
Ramesh Damani is one of India's most rational voices on investing. He is a proponent of value investing and has a brilliant track record when it comes to picking stocks.
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In 1989, armed with a Master’s degree from California Ramesh Damani became a member of the Bombay Stock Exchange. But what really excited him was identifying potentially successful businesses, and investing in them for the long term.
His first big move in 1993 was when Infosys went public.He invested Rs 10 lakh in both Infosys and CMC. By 1999, his investment had grown hundred fold. In classic Warren Buffett and Charlie Munger style, he’d experienced the advantage of hanging on to a good business.
Ramesh Damani Famous Quotes:
”The biggest failure of my life is in the inability to dream big”
"Bull markets are life-altering events"
"If you get a couple of stocks right, it could liberate you"
Ramesh Damani is the single largest individual shareholder of TV Today with a massive chunk of 819,686 shares worth Rs. 24.59 crore as on 18th March 2016.
Some other names that figure in his portfolio are:
Value Investing Mantra:
HIS FAVOURITE TV SHOW: WIZARDS OF DALAL STREET
“You will never get seriously rich by buying 2,000 or 10,000 shares. When you get a seriously attractive opportunity, back up the truck with the stock”
Ramesh S Damani bet on Vijay Mallya in 2005: I am bullish on the guy running Kingfisher.
Posted on 18th Mar 2016 12:02:59
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