The world is once again turning into a capitalistic one, thus increasing the need for investments more than ever. People are looking for investment gurus to learn from, hoping to replicate something similar.
These investors differ in their sectors. But, their results are all too similar – successful with their investment strategies.
- Peter Lynch
- Rakesh Jhunjunwala
- Ion Tiriac
- Guo Guangchang
- Warren Buffet
5. Peter Lynch
If getting consistent returns is what you want, then you would want your money to be with Peter Lynch.
While working at Fidelity Magellan, Lynch provided an average of 29% annual returns. During his 13 years tenure, he saw $20 million funds, which grew to over $14 billion. He used to work for 6 days per week, even 7 at times.
Lynch believes that individual investors have an advantage over professionals when it comes to researches. It’s because the professionals have to show consistent returns to its clients. So this doesn’t give them the required time to research their companies thoroughly.
He has written some well-known investment books such as One Up On Wall Street and Beating the Street. I have read the former book, and would highly recommend you to do the same if you want to get his personal insights.
“Behind every stock is a company. Find out what it’s doing.”
4. Rakesh Jhunjunwala
Also known as the Warren Buffet of India, Rakesh Jhunjunwala is a titan investor from India.
Coming from a middle-class family, he was passionate about the stock market from his childhood. He used to learn about it with the senior people around him, mostly his father.
Rakesh has an uncanny ability to find multi-bagger stocks, which has contributed to his $3 Billion wealth.
He profoundly believes in the saying that experience is the best teacher. He tries to learn from his mistakes as soon as possible. A few years back, Rakesh sold his CRISIL stocks for $3.5 million, which is currently valued at more than $91 million. Despite that, he didn’t regret his shortfall but rather learned to become a better investor.
Besides being a prominent investor, Rakesh is known for his humbleness and simplicity.
“Like wives, markets are always right. With wives, you can argue but with markets, you can’t.”
3. Ion Tiriac
Out of all the names present his, this has got to be the most extraordinary one.
At a young age, Ion Tiriac was a well-known hockey and tennis player from Romania. Following his retirement, he eyed into the business world.
He started his business career in Germany. Later, Tiriac came back to Romania, after the communism collapsed there.
Tiriac made most of his investments in retail, banking, insurance, real estate. Most of them brought him a huge profit as he became the first Romanian to become a billionaire.
His net worth is $2 billion, making him the richest Romanian as well as the 2nd richest athlete in the world.
There might be better investors than him, but rarely can anyone match Tiriac’s fairytale investment story.
“I am the best tennis player who cannot play tennis.”
2. Guo Guangchang
Like Rakesh, the business magnate of China is also hailed as China’s Warren Buffet.
Guo Guangchang is a prime example of the rag to riches story. During his university days, he had to sell bread door to door to pay for himself. Now, his net worth is 4.6$ billion.
He founded Fosun International, one of the largest Chinese private enterprises. His investments included insurance, finance, healthcare, steel, retail, and pharmaceuticals sector. He has further focused on foreign businesses, spending billions in Europe and the US.
Guo considers himself as a pupil of Buffet and compares Fosun with Buffet’s Berkshire Hathaway of 30 years ago.
“Keeping the balance of fast-growing and smooth-growing is always important. It’s almost an art.”
1. Warren Buffet
Who else at number 1, but our very own Oracle of Omaha. The 4th richest person in the world needs no introduction. His company, Berkshire Hathaway, is valued under $300,000 per share!
What were you doing when you were 11? Well, for a starter, Warren Buffet bought his first stock at that time.
If the Richest Investor starts investing at such a young age, then perhaps You can also consider investing, can’t you?
He is a prominent student of Value Investing – buying stocks only which he thinks are undervalued. Moreover, he buys them only if he can understand the company and its internal workings in depth.
Buffet is also known for buying businesses that have struggled. He purchases enough shares to bring himself to the boards. From there, he restructures the company.
He did the same back in the 1960s when Berkshire Hathaway was struggling. Ironically, Buffet considers investing in Berkshire one of his biggest mistakes.
When asked about school, Buffet inclined that it’s not for everybody. You will have to Learn about Investments and Money Yourself, rather than believing that the school will teach that to you.
At 89, he might not be with us for a long time, but his contributions to the investing world will live forever.
“Price is what you pay. Value is what you get.”
What better time than now to start learning as Coronavirus has forced most of us to stay inside.