A stock market is a place where your patience and discipline will be rewarded and your impatience will lead to brutal failures. The more you can hold your investments the more returns it can provide, provided you do your research well and only invest in the stocks of the companies that you understand.
I read somewhere that the Stock Market is a place where the money flows from the impatient and indisciplined traders to patient and disciplined traders and it is one of the most accurate statements that I came across in the stock market. It is actually not a competition with the market it is a competition with yourself and your mind, you are not trading stocks of companies you are actually trading patience and knowledge.
These are some of the teachings I learned from the biggest investors and traders with more than a billion net worth. Today we will be talking about one such personality whose name comes under the list of “India’s biggest investors” and he was also one of the richest personalities of India till 2017 voted by Forbes.
If you are even a little bit into stock markets, ETF, and mutual funds..in short investing! then it is inevitable that you have not heard of the Motilal Oswal group of companies and the products they provide.
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Today we will try to dig into the teachings and the early life of Mr. Ramdeo Agrawal and try to figure out what made him what he is today? And also we will try to look at what his current shareholdings are and the current net worth.
Ramdeo Agrawal Wiki
He is Businessman, Stock Investor, and famously known for his chairman position of the Motilal Oswal group owning almost 36% shares of the company.
He was born into a middle-class Farmer family in Raipur, Chattisgarh, and moved to Mumbai for his higher education. Agrawal pursued Chartered accountancy for his final studies.
In the year of 1987, he started as a sub-broker and moved into a full-time broking business in a span of two years, and also started investing himself in the stock market.
Ramdeo Agrawal co-founded the well-known now Motilal Oswal company along with Shri Motilal Oswal.
He is well known for his disciplinary nature while investing in the stock market and considers Mr. Warren Buffet as his mentor for his trading decisions and follows the path of “Buy when everyone is selling and sell when everyone is buying” following the famous philosophy of “Be fearful When everyone is greedy and be greedy when everyone is fearful.”
He believes in those companies for which he understands the business model, keeping his portfolio simple and short.
He believes in diversifying his portfolio but he also believes that one should buy large quantities of a few stocks.
Agrawal holds stakes in companies like Bharatwire Ropes, Maharashtra Scooters, and Motilal Oswal financial services.
The initial investments which made him most of the wealth are Hero honda and Eicher motors in which he entered early and exited when the share prices were trading at a much higher price.
He started in 1987 with very low capital and during the Harshad Mehta, a period made crores out of it.
He also authored and Co-authored some famous books such as Corporate numbers game and The art of wealth creation.
Agrawal was also awarded Rashtriya Samman for his integrity in paying taxes for consecutive years of 1995 to 1999.
He was also included in the Forbes list of billionaires with a capital net worth of more than a billion in 2018 and was unfortunately later dropped in the coming years.
Ramdeo Agrawal Net Worth
The present net worth of Mr. Ramdeo Agrawal is almost close to 2700 crore INR as of 2021. While he is not the richest man in India but his decision-making and disciplinary approach is something that everyone can learn from. From keeping only the stock ms that you understand in your portfolio of long-term holdings and never selling the holdings for loss until or unless you need it extremely. Patience is another of his qualities that are actually rewarding in the Stock market.
Not everything comes from education and most of the qualities in stocks you learn from experience but, by learning about such personalities we can easily reduce the learning curve and time to be a successful investor.
