I was analyzing my reasoning for buying Piramal Enterprises in year 2012.
– Ajay Piramal is a contrarian investor and has done it all his life
– Piramal has created 28% annualized return to shareholders over last 24 years
– I found ‘Poor Charlie’s Almanack’ book on his table
I’m a great admirer of Buffett and Munger. You may say I’m very biased towards them. It is true.
It was a simple bet on Ajay Piramal. I never expected Piramal would create this much wealth within 5 years. My buy price was ₹360 and current market price is ₹2918 (8 bagger).
I’m in search of the next Ajay Piramal.
I think Max Ventures may create wealth similar to Piramal.
Please share if you have any others ideas in your mind.