Ace investor Rakesh Jhunjhunwala, who has often been referred to as India’s Warren Buffet, seems to be distancing himself a bit from his mentor’s investment philosophy.
At a recent discussion organised by Motilal Oswal Securities, Jhunjhunwala partially debunked Buffett’s very long-term approach to investing, where he almost holds stocks for life.
“Every stock in life doesn’t have to be bought for 40 years. All of us cannot be Mr Warren Buffet in life, let me tell you. Just because he thinks that every stock should be bought for life does not mean that we should also buy every stock for life,” Jhunjhunwala said.
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