Learn Risk-taking benefit from this inspirational story
This is Inspirational story for Long-term Investors and Supporters of Value Investing.
It is a story of common investor Mr. Mohammed Anwar Ahmed, aged 62 years from Amalner,Maharashtra, India who accumulated huge wealth in 34 odd years by investing in a SINGLE STOCK (WIPRO).
In the year 1980, at the age of 27 years after his father’s death, he only have Rs. 20,000/- . Eventually, he met one Mumbai Broker who was there to sell shares of recently set up vegetable oil organization and that vegetable oil company was WIPRO. As Ahmed help them in selling shares, the representative offered 100 shares having FV of Rs. 100 each for Rs. 10,000/ – and fortunately he acknowledged this offer and therefore contributed Rs. 10,000/ – in this promising organization.
After buying 10,000/ – shares, Ahmed began to think himself as Wipro’s proprietor to some extent and pledged that he will NEVER offer a solitary share of WIPRO till Mr. Azim Premji is there.
“Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.” ~ John Quincy Adams
With the power of faith and patience to hold his investment through all the ups-downs-tricks of Indian Share Market his 10,000 shares became 96,00,000 shares.
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