Buffet joins few who follow Rakesh-style of investing .
In a rare revelation, US’s biggest bull Warren Buffett was found watching the interview of India’s biggest bull Rakesh Jhunjhunwala. This was revealed by Buffett’s maid who was then cleaning the floors of Buffett’s personal room.
“Yes , Warren Sir everyday watches the interview of some potbelly guy from India on You Tube,” said Martha, a sweeper in Warren Buffett’s house.
After talking with the maid, the correspondent talked with Warren Buffett who confirmed the trueness of the story and said “Yea that’s true. Though I am from highly closed corporate houses, whatever my maid told you is true. I saw this deep belly Indian guy giving interview on television and was struck by his technique of talking, his mantra of investing, so I asked my daughter, Susan to come look at him. Now I never saw myself giving interviews, but I feel that this guy is investing much the same as I used to invest and talk, at least he pretends to interview the same way, and she looked at him on television and said yes, there is a similarity between the two… high compactness, technique, and same way of talking… ”
Warren Buffett said the correspondent that he believed the style of investing of Rakesh matches with his style of investing and style of giving interview is also almost same.
Buffett, however, was saddened to see that Rakesh planned to break free of his-style of investing . Buffett said “I was shocked when I saw my ardent follower left my style of investing and for last 1 and half months everyday I am watching that interview twice or thrice a day.”
He said “I am not able to digest the food because digestion of this news is completely out of my control.”
However, he thanked his daughter who suggested him a new idea which would allow him to recover fast.
“My lovely daughter, Susan told me to join Rakesh
Jhunjhunwala’s-style of investing and I am planning to strategize Berkshire’s portfolio based on the decisions of RARE Enterprises, an organization owned by Rakesh Jhunjhunwala,” said Warren Buffett.