Rakesh Jhunjhunwala death: Waiting is where the money is, not buying and selling stocks.
This Charlie Munger quotation only suggests that one should hold onto a stock for as long as possible because doing so increases an investor’s rate of return. Rakesh Jhunjhunwala and most renowned Indian investors have recommended the same to stock market investors. It will help if you looked at the shares of the Titan Company to understand how this long-term investment helps your money increase. In the last 20 years, this Tata group stake has increased from about $3 to $2500.
According to Titan Company’s shareholding patterns for the April to June 2022 quarter. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala collectively own 4,48,50,970 shares or 5.05 percent of the company’s total paid-up capital. However, for those who monitor Big Bull’s portfolio for value picks. The Indian tycoon with the Midas touch had purchased eight crore shares of Titan Company between the years 2002 to 2003 at an average cost of just three cents per share.
As a result, during the past 20 years, this Rakesh Jhunjhunwala stock has increased from 3 to 2,500 per share, giving investors an 83,250% return.