Rakesh Jhunjhunwala built a 40%+ annual return over decades by day-trading on multiple screens while holding a few long-term bets. He started with $10,000 borrowed from a friend and combined rapid trading with deep business understanding to spot high-conviction ideas.
Tell me about the greatest investor from India. The greatest investor from India would be Rakesh Jhunjhunwala. Very interesting kind of split brain. He'd have like 3 or 4 Bloomberg screens in front of him and he had all these charts and everything going on, rapid-fire trading going on. But on the other hand, he had these 2 or 3 stocks that he never touched. I don't know anyone like that. And he was great at both. But the ones that he never touched, they just went through the roof. Rakesh, I think, compounded at north of 40% a year for several decades. And, you know, he started with like $10,000 borrowed. He didn't even have that on his own. Someone lent him the money. What made him great? I think he was really smart about understanding business, and he was smart about understanding the few things that he thought would do extremely well. If he had lived longer, I think he would've gone not just as an investor, but also shown that he could be an operator.
