MUMBAI: Rakesh Jhunjhunwala, the billionaire investor who died early on Sunday, always bought a business and not just a few stocks.
Although he started as a trader — nearly tripling his initial investment in Tata Tea (now Tata Consumer) in 1985 within three months — his investment philosophies were based on fundamental research and talking to the management. And looking at his nearly four-decade investing life, one could clearly relate to the adage ‘today’s small cap is tomorrow’s large cap’.
