Warren Buffett, the oracle of Omaha and Ravi from Delhi have something in common. They both were witness to what can be called a superpower. While Buffett used it deliberately, Ravi’s story reveals a powerful lesson for the impatient investors, who want to keep jumping from one investment to the other. Discover this superpower below…
It was a fine morning in 2016. A young Ravi, a resident of Delhi, had a few questions about some shares he came upon. He decided to call the experts on the pre-market show on Zee Business. What unfolded was a story that is now investing folklore.
Ravi’s grandfather, who had a severe paralysis attack around 2006, recovered by 2016 thanks to Ravi’s caretaking abilities. As a gift to this grandson, he gave him 20,000 shares of a company he had bought back in 1990. However, these were paper shares, and the world had already moved on to digital i.e. demat.
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So, Ravi called the experts to ask them how he should go about selling these now. The conversation progressed and Ravi revealed the name of the company – MRF. Yes, the tyre company.
There was a brief silence in the studio, followed by the experts guiding him on how he can still dematerialise the shares if he wished to sell them. And then came the hammer.
The anchor told Ravi the amount the shares he had in is hands amounted to… Rs 130,00,00,000.
Yes, Rs 130 CRORE.
Of course, now the silence was on Ravi’s end of the phone line, for obvious reasons.
What is this superpower that made Ravi a multi-millionaire over a simple phone call?
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The Superpower
Before you read all about the superpower, here is a fun-fact.
Did you know that one of the richest men in the world, Warren Buffett, accumulated 96% of his massive wealth after his 65th birthday?
Now that did not happen overnight like it happened for Ravi.
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