Masterclass on Wealth Creation With Raamdeo Agrawal

On September 13, 2024, the FLO Bangalore chapter hosted an insightful one-on-one session with Mr. Raamdeo Agrawal, often referred to as the “Warren Buffet of India,” at MO Towers. The event offered valuable market insights and wisdom from the legendary investor.

Mr. Agrawal acknowledged the unprecedented times today, stating that the ongoing bull run is unlike any other, with stocks unlikely to become cheaper. He emphasised that the market will continue to grow, fueled by the increasing number of demat accounts, which is expected to reach half a billion soon. This rise in participation, including from Tier 1 and Tier 2 cities, ensures sustained market momentum, with the current bull run potentially lasting over 1,000 days.

He advised staying invested in the market, highlighting the power of compounding as the only way to create substantial wealth. He used examples to demonstrate how Rs. 1 crore can grow to Rs. 1,000 crore in 30 years with disciplined investing.

Mr. Agrawal shared his investment philosophy, focusing on QGLP—Quality of management, Growth, Longevity, and Fair Price—alongside integrity and competence. He also recommended key readings such as “One Up on Wall Street” and “The Intelligent Investor.”

The insightful session concluded with a reminder to maintain conviction in market decisions